Emphasis on Component ((Product (Professional/Industrial Printer, Personal/Desktop 3D Printers), Material (Polymer, Plastic, Metals and Alloys, Ceramic, Other Materials), Technology ( Stereolithography, Selective Laser Sintering, Electron Beam Melting, Fused Deposition Modelling, Laminated object Manufacturing, Other Technologies))
In the era of technological breakthroughs, it has been proved that additive manufacturing has grown exorbitantly in terms of applications as well as adoption. It has been anticipated that 2018 will be a turning point for 3D printing market in European region. With the number of 3D printing players foraying into this manufacturing paradigm, European purchases of 3D printers, materials, software and related services was valued at US 3.6 Billion in 2017. It has been further projected that total spending by Europe towards additive manufacturing will reach US$ XX Billion by 2022. By far Western Europe was the largest contributor towards 3D printing revenues and now Central and Eastern Europe are expected to catch up the pace and become fastest growing region by 2022.
Europe captures second largest position in global 3D printing market and is anticipated to reach US 5,592.6 million by 2024 from the market size of US XX million in 2017. Dramatic uptake in investments by 3D major players, spur in research and development strategies and rapid embracement of 3D printing among small and medium enterprises have significantly contributed towards fostering the growth of European 3D printing market. However, absence of right set of skills and education, lack of standardization and certifications coupled with intellectual property rights and patent development issues constitute as impediments in the growth path of additive manufacturing in Europe. Government initiatives and burgeoning investments undertaken by aerospace and aircraft manufactures and consistent rise in demand for low cost prototypes have led the 3D printing in the region. Moreover, European health care systems are also anticipated to experience disruptive impact of 3D printing technologies since with the increasing life expectancies and rising prevalence of chronic diseases rising in Europe, treatments are becoming more complex and hence, more than 50% of the healthcare providers have embraced new printing techniques to meet the needs of patients including those of older and remote patients.
European 3D printing has stimulated its spending within the various areas of 3D printing domain comprising of 3D printers (hardware), 3D printing materials and 3D printing services. Although hardware component generated the largest revenues in the past few years, the focus on material components is also anticipated to drive the future spending towards the respective technique. In addition, service segment will continue to remain the key contributor of the market. In addition, medical or health care is also projected to showcase the biggest growth in 3D printing in years to come.
| Europe 3D Printing Market, by Technology Type, 2017 & 2024 | |
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Insights Presented in the Report:
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Customization Options:
The Europe 3D Printing Market can be customized to country level or any other market segment. Besides this, UMI understands that you may have your own business need, hence we also provide fully customised solutions to clients.
1. Market Introduction
2. Research Methodology Or Assumption
3. Industry Performance
4. Executive Summary
5. Market Overview
6. Europe Market Insights By Component
7. Europe Market Insights By Technology
8. Europe Market Insights, By Applications
9. Europe Market Insights, By End User Industry
10. Europe Market Insights By Country
11. Competitive Scenario
12. Company Profiles
Analysing historical market, estimation of the current market and forecasting the future market for European 3D Printing market were the three major steps undertaken to create and analyse the overall adoption of 3D Printing in different European countries. Exhaustive secondary research was conducted to collect the historical market of the product/technology and overall estimation of the current market. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were conducted with industry experts across value chain of the European 3D printing market. After all assumption, market engineering and validation of market numbers through primary interviews, top-down approach was employed to forecast the market size of 3D Printing in the European region to 2024. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyse the market size of segments and sub-segments of the market. Detailed research methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the Europe 3D Printing market through company internal sources such as annual report & financial statements of top players, performance presentations, press releases, sales figures etc. and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database and other creditable publications.
Step 2: Market Segmentation:
After obtaining historical market size of the overall market, detailed secondary analysis was conducted to gather historical market insights and share for different segments & sub-segments for the Europe 3D Printing market. Major segments included in the report are component, technology, application and end-user.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, detailed factor analysis was conducted to estimate the current market size of the Europe 3D Printing market. Factor analysis was conducted using dependent and independent variable such as purchasing power, player initiatives, penetration of 3D printing, government regulations in different European countries. Historical trends of the 3D Printing industry and their year-on-year impact on the market size and share in the recent past were analyzed. Demand and supply side scenario was also thoroughly studied.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at current market size, key players in market, market share of these players, industry’s supply chain, and value chain of the industry. All the required percentage shares, splits, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weightage was assigned to different factors including drivers & trends, restraints, and opportunities available in the market. After analyzing these factors, relevant forecasting techniques i.e. Bottom-up/Top-down was applied to arrive at the market forecast pertaining to 2024 for different segment and sub-segments in major European countries. The research methodology adopted to estimate the market size encompasses:
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, and Regional Head etc.). Primary research findings were summarized and statistical analysis was performed to prove the stated hypothesis. Input from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants
Market Engineering
Data triangulation technique was employed to complete the overall market engineering process and to arrive at precise statistical numbers of each segment and sub-segment pertaining to the European 3D Printing market. Data was split into several segments & sub-segments post studying several parameters and trends.
Main objective of the European 3D Printing Market Study
The current & future market trends of the European 3D Printing market are pinpointed in the study. Investors can gain strategic insights to base their discretion for investments from the qualitative and quantitative analysis performed in the study. Current and future market trends would determine the overall attractiveness of the market, providing a platform for the industrial participant to exploit the untapped market to benefit as first mover advantage. Other quantitative goal of the studies includes:
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