CHARLOTTESVILLE, Va., June 9, 2014 (GLOBE NEWSWIRE) -- via PRWEB - The market for personal 3D printing products and services will reach $1.05 billion (USD) by 2019 says the newest report from SmarTech Markets Publishing. According to SmarTech's new report "Personal 3D Printing Markets: 2014 – 2023", equipment will represent the largest opportunity in the personal 3D printing markets, accounting for 65% of the total market.
For further details on this report including extracts from the report see: http://smartechpublishing.com/reports/personal-3d-printing-markets-2014-2023. SmarTech will also be holding a Webinar on July 15th to discuss the findings of this report.
The report follows recent releases addressing 3D printing/additive manufacturing in aerospace, medical, dental, materials, and bio-printing markets, as well as SmarTech's annual comprehensive forecast and analysis of the 3D printing market. For details of SmarTech's reports see: http://smartechpublishing.com/reports.
About the report:
This new report from SmarTech identifies key developments happening in the personal 3D printing space. Focused market analysis is designed to give decision makers a better understanding of the shifting competitive landscape and how to best position their company for long-term success. Key opportunities in equipment, materials, software, services, scanners, and peripherals are analyzed thoroughly to give manufacturers and service providers an edge over the competition.
"Personal 3D Printing Markets: 2014 – 2023" begins by addressing new developments and emerging themes in the personal 3D printing industry. Among other important topics, RepRap, Makers, crowdsourcing, and geographic location are analyzed for their strategic consequences. SmarTech also uses a series of key analogies in the laser printing, photo editing software, gaming consoles, microwave oven, and powered lawn-care tool industries to project future trends in personal 3D printing.
The report then goes on to break down the current structure of the industry, along with the major players within it. Companies addressed in this report include: 3D Systems, HP, Stratasys, Beijing Tiertime, Afinia, Fabbster, HP, Printrbot, Aleph Objects, Formlabs, Solidoodle, Ultimaker, Zortrax, Airwolf 3D, FlashForge, Type A Machines, HoneyPoint 3D, Hyrel 3D, MakerBot and many others. In addition, opportunities in personal 3D printing software are addressed, as are the burgeoning opportunities in polymer filaments and resins, filament extruders, and scanners.
This report includes in-depth, ten-year market forecasts for equipment, materials, software, services, and scanner markets for personal 3D printing. SmarTech breaks equipment and material forecasts down further into separate forecasts for FDM machines and the emerging personal SL equipment category. In addition, the report forecasts the addressable market and adoption rate for personal printing equipment out to 2023. This report also includes market share estimates for the leading brands of personal 3D printers.
From The Report:
SmarTech sees the gap between large personal printing companies and lean newcomers closing over the next ten years. Senior Business Analyst Ian Forsyth- the author of the report states: "As we see a dizzying number of companies popping up seemingly overnight, a few players are really beginning to distinguish themselves as a cut above the rest. We believe Afinia, Formlabs, PrintrBot, and Ultimaker have the management, expertise, and vision to continue to grow their already impressive customer base in this area."
SmarTech identifies four distinct price tiers in the personal 3D printing market: Entrepreneurial/Low-end professional, Prosumer, Consumer, and Compact printers. These price tiers will stay relatively fixed over the next five years as manufacturers attempt to use incremental innovation to ratchet up the price of these product categories. Meanwhile, creation of lower price tiers will occur gradually and step-wise, with "significant" price decreases occurring every 18 months or so. SmarTech sees successful companies in this space adapting their technologies to sell into multiple price tiers.
An increasing installation base of printers will also yield large opportunities for 3D printing peripherals, according to SmarTech. Large 3D printing online communities create major opportunities for "killer apps" in the form of co-creation software and ways that allow users to interact with CAD/CAM designs in new and intuitive ways. Meanwhile, SmarTech believes that educational customers will have a high demand for filament extruders as they look print disposable objects in high frequencies.
SmarTech offers the best in industry analysis and forecasting for the 3D printing/ additive manufacturing sector. Our published reports and customized consulting work provide clients with guidance on the direction that 3D printing is taking and how to capitalize on available opportunities. See http://www.smartechpublishing.com for more detail on our reports and other services.
See http://www.smartechpublishing.com for more detail on our reports and other services.
This article was originally distributed on PRWeb. For the original version including any supplementary images or video, visit http://www.prweb.com/releases/2014/06/prweb11927279.htm
ilumatech Robert Nolan +1 (804) 938-0030