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Market Research Report

COVID-19 Impact on 3D Printing Market by Offering (Service, Printer, Material, and Software) - Global Forecast to 2025

Published by MarketsandMarkets Product code 953115
Published Content info 56 Pages
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COVID-19 Impact on 3D Printing Market by Offering (Service, Printer, Material, and Software) - Global Forecast to 2025
Published: July 10, 2020 Content info: 56 Pages
Description

"3D printing market is estimated to grow at CAGR of 18% during 2019-2025, which is lower than pre-COVID evaluations"

Post-COVID-19, the global 3D printing market size is estimated to grow from USD 11.4 billion in 2020 to USD 30.2 billion by 2025; it is expected to grow at a CAGR of 18% during 2019-2025. The market in 2020 is estimated to see a drop of more than 19% in comparison to the pre-COVID 2020 estimates. A key reason for this is that although the operation of 3D printers is expected to be high in 2020, most of the activities for which the printers/services are being employed are being done free of cost during this time of need.

"Printer sales are expected to stagnate in 2020 but will pick up again during forecast period showing healthy double-digit growth rates"

The 3D printing market will continue to generate revenue in 2020 although not as much as initially estimated before the pandemic. The losses of the first half of the year are expected to be compensated to a certain extent by the revenue generated in the second half of the year. Growth in the following years is expected as a result of backlog orders across all end-user industries as well as sales from new customers who previously had not thought of employing 3D printers until the pandemic had portrayed the benefits.

"Material sales will follow similar trend to that of printers with players in future investing more on emerging material types"

The revenue generated from the sale of materials for 3D printers would be following a similar trend as that of printers during the forecast period. Large volumes of printing may be taking place in the first quarter of 2020, however, in most of the cases, the materials have been provided free of cost. There will be a focus on the use of emerging materials for printing during the forecast period, however, the benefits of the same will start to emerge after the forecast period.

"Overall 3D printing market will continue to be resilient during and post COVID-19 pandemic"

The overall 3D printing market will witness a contraction in potential revenue that could be generated. For example, the drop in anticipated revenue for 2025 is expected to be USD 6.3, however, this is far better than what many other industries would be witnessing now as a result of the various implications of COVID-19. The encouraging fact for the 3D printing industry, however, is that the return to double-digit growth rates is expected to take place as early as next year, which is especially attractive for new players planning on entering the market in the next few years.

Breakdown of the profiles of primary participants for the report has been given below:

  • By Company Type: Tier 1 = 25%, Tier 2 = 40%, and Tier 3 = 35%
  • By Designation: C-level Executives = 20%, Directors = 55%, and Others = 25%
  • By Region: North America = 25%, Europe= 30%, APAC = 45%

Research Coverage:

This report covers the impact of COVID-19 on the 3D printing market based on offering, i.e services, printers, software, and materials. It also discusses the supply chain, drivers, and challenges of the market.

Reasons to Buy the Report:

  • The report speaks about the macroeconomic indicators that affect the 3D printing market as well as the specific indicators as a result of the COVID-19 pandemic and how this would translate into business opportunities for the future
  • Information on what plans potential customers would be implementing in a post-pandemic world and how 3D printing will play a role in the future
  • Information on a few of the challenges and risks, which organizations need to be aware of and accordingly navigate
Table of Contents
Product Code: SE 7703

TABLE OF CONTENTS

1 INTRODUCTION

  • 1.1 STUDY OBJECTIVES
  • 1.2 DEFINITION
  • 1.3 RESEARCH METHODOLOGY
  • 1.4 KEY INDUSTRY INSIGHTS
  • 1.5 MARKET SIZE APPROACH
  • 1.6 DATA TRIANGULATION

2 RESEARCH ASSUMPTIONS

3 COVID-19

  • 3.1 INTRODUCTION
  • 3.2 COVID-19 HEALTH ASSESSMENT
  • 3.3 COVID-19 ECONOMIC ASSESSMENT
    • 3.3.1 COVID-19 ECONOMIC IMPACT-SCENARIO ASSESSMENT

4 INTRODUCTION TO 3D PRINTING

  • 4.1 EFFECTIVE PRODUCT PROTOTYPE
  • 4.2 3D PRINTING SERVICES
    • 4.2.1 SAVINGS IN MANPOWER COSTS
    • 4.2.2 ACCESS TO GLOBAL INVENTORY OF MATERIALS AND DESIGNS
    • 4.2.3 GLOBAL DELIVERY COVERAGE
    • 4.2.4 HIGH-QUALITY PRODUCTION

5 GENERAL MARKET DYNAMICS (PRE COVID-19)

6 IMPACT OF COVID-19 ON 3D PRINTING ECOSYSTEM

  • 6.1 EFFECT ON INDUSTRIES
  • 6.2 INVESTMENTS IN 3D ECOSYSTEM
  • 6.3 EFFECT ON PRINTER MANUFACTURERS & MATERIAL SUPPLIERS
    • 6.3.1 KEY TAKEAWAYS FOR PRINTER MANUFACTURERS AND MATERIAL SUPPLIERS
  • 6.4 EFFECT ON SERVICE AND SOFTWARE PROVIDERS
    • 6.4.1 KEY TAKEAWAYS FOR SERVICE AND SOFTWARE PROVIDERS

7 IMPACT OF COVID-19 ON 3D PRINTING MARKET, BY INDUSTRY

  • 7.1 AUTOMOTIVE INDUSTRY
  • 7.2 AEROSPACE INDUSTRY
  • 7.3 OTHER INDUSTRIES

8 EMERGING 3D PRINTING TECHNOLOGIES

9 GLOBAL 3D PRINTING MARKET, BY OFFERING

10 MACROECONOMIC INDICATORS

  • 10.1 KEY MARKET DRIVERS (COVID-19 SPECIFIC)
    • 10.1.1 3D PRINTERS PROVIDING SUPPORT TO GLOBAL SUPPLY CHAIN
    • 10.1.2 MOVEMENT TOWARD INCREASED VARIETY IN PRODUCTS BEING DEVELOPED
    • 10.1.3 3D PRINTING FILLING IN SUPPLY SHORTAGE FOR HEALTHCARE ESSENTIALS
    • 10.1.4 CHANGE IN CERTIFICATION PROCESS FOR 3D PRINTING
    • 10.1.5 MOVE TOWARD INSOURCING
    • 10.1.6 INCREASING INVESTMENT IN SOFTWARE AND SERVICES OFFERINGS OF 3D PRINTING MARKET
    • 10.1.7 SHIFT TOWARD CONSULTING SERVICES IN SHORT TO MEDIUM TERM
  • 10.2 KEY MARKET RESTRAINTS (COVID -19 SPECIFIC)
    • 10.2.1 ACCESS TO RAW MATERIALS FOR PRINTING
    • 10.2.2 REGULATORY RIGHTS FOR PRINTING OF PRODUCTS
    • 10.2.3 DEPLOYMENT REQUIREMENTS

11 THE WAY FORWARD

  • 11.1 SHORT-TERM STRATEGY
    • 11.1.1 WORKER SAFETY
    • 11.1.2 SHIFT IN SCHEDULED MANUFACTURING SHUTDOWNS
    • 11.1.3 MIDTERM
    • 11.1.4 LONG TERM

12 KEY LEARNINGS FOR 3D PRINTING COMPANIES

13 APPENDIX

  • 13.1 KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
  • 13.2 AVAILABLE CUSTOMIZATIONS
  • 13.3 RELATED REPORTS
  • 13.4 AUTHOR DETAILS

LIST OF TABLES

    • TABLE 1 TABLE 1 PARTIAL LIST OF COMPANIES PROVIDING 3D PRINTING SERVICES
    • TABLE 2 KEY DRIVERS FOR 3D PRINTING
    • TABLE 3 KEY RESTRAINTS FOR 3D PRINTING
    • TABLE 4 GOVERNMENT INVESTMENTS (PRE COVID-19)
    • TABLE 5 EMERGING 3D PRINTING TECHNOLOGIES
    • TABLE 6 GLOBAL 3D PRINTING MARKET, BY PRINTER, 2017-2025 (USD BILLION)
    • TABLE 7 GLOBAL 3D PRINTING MARKET, BY MATERIAL, 2017-2025 (USD BILLION)
    • TABLE 8 GLOBAL 3D PRINTING MARKET, BY SERVICE, 2017-2025 (USD BILLION)
    • TABLE 9 GLOBAL 3D PRINTING MARKET, BY SOFTWARE, 2017-2025 (USD BILLION)
    • TABLE 10 GLOBAL 3D PRINTING MARKET, 2017-2025 (USD BILLION)
    • TABLE 11 2008-2009 RECESSION VS COVID-19 PANDEMIC

LIST OF FIGURES

    • FIGURE 1 BOTTOM-UP APPROACH
    • FIGURE 2 TOP-DOWN APPROACH
    • FIGURE 3 COVID-19: GLOBAL PROPAGATION
    • FIGURE 4 COVID-19 PROPAGATION: SELECT COUNTRIES
    • FIGURE 5 COUNTRIES BEGIN WITH SIMILAR TRAJECTORIES BUT CURVES DEVIATE BASED ON MEASURES TAKEN
    • FIGURE 6 REVISED GDP FORECASTS FOR SELECT G20 COUNTRIES IN 2020
    • FIGURE 7 CRITERIA IMPACTING GLOBAL ECONOMY
    • FIGURE 8 SCENARIOS IN TERMS OF RECOVERY OF GLOBAL ECONOMY
    • FIGURE 9 KEY MARKET DRIVERS PROPELLING USE OF 3D PRINTING
    • FIGURE 10 INDUSTRY ACTIVITIES IN FIGHTING COVID-19
    • FIGURE 11 PHASE BY PHASE PLAN FOR COMPANIES TO NAVIGATE POST-COVID WORLD
    • FIGURE 12 KEY OPPORTUNITIES WITHIN AND OUTSIDE 3D PRINTING ECOSYSTEM
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