Report ID: SQMIG15A2109
Report ID:
SQMIG15A2109 |
Region:
Global |
Published Date: July, 2024
Pages:
242
|
Tables:
122 |
Figures:
77
The market was dominated by North America in 2022, and is further anticipated to remain in this position during the forecast period. This is attributed to the rising geriatric population in the country and the promising developments in the aerospace and medical sectors in North America. Government funding for research and development as well as increasing government measures to encourage 3D printing will hasten its uptake and augment demand for the equipment and materials used in the process. The market's growth in North America is also expected to be aided by the presence of major industry players in this region, such as Stratasys, 3D System Corporation, and others.
The market growth in Asia-Pacific is projected to rise at the fastest growth rate during the forecast period. This expansion is linked to the rising demand for 3D printing plastic from nations like China, Japan, and India. Furthermore, the business would have excellent growth possibilities if its market penetration increased in developing Asian nations. In addition, the Asia-Pacific market for 3D printing plastics is anticipated to grow as a result of increased R&D spending from both public and private entities for technological innovation.
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Report ID: SQMIG15A2109