Global 3D Printing Market in Education: Research Report 2015-2019
- Published: Sep 2015
- Pages: 62
- SKU: IRTNTR7032
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Market landscape of 3D printing in education
Global demand for 3D printing is projected to grow substantially at the rate of over 45% from 2014-2019. In 2014, the US was the leading country, with a share of over 40%, followed by Japan, Germany, and China. Leveraging its growing demand, the global 3D printing market in education is likely to touch revenues worth $2,321.65 million by 2019.
Over the next four years, innovations in manufacturing, construction, and healthcare industries are expected to open up employment opportunities with a detailed technical know-how of processes, equipment, and expertise. It is creating a conducive environment for the adoption of 3D printers to among science and technology students.
Market segmentation of 3D printing in education by component type
- Services and materials
3D printers are a one-time purchase with long replacement cycle. As a result, the sales of printers is observed to be driven by the first-time buyers. This trend is prompting manufacturers to expand geographically exploring opportunities in the emerging nations.
Globally, the 3D printer market is slated to grow exponentially over the next four years. The market is influenced by dynamically a changing technological environment. There are multiple printers available in the market that encompasses individual processing techniques.
Leading regions fostering the adoption of 3D technology in education
- North America
North America emerged as the largest consumer of 3D printing products and services market with a market size of more than $128.67 million in 2014. This can be attributed to the US government's pioneering initiatives such as TechHire, which is expected to draw large applications to fill new technical positions by around 300 employers including Google, Goldman Sachs, and Bank of America.
The education system in countries such as Germany and the UK are also considering scaling up investments in 3D printers. Asian countries such as China, South Korea are expected to follow this trend aggressively during the forecast period.
Top players in the 3D printing market in education
The top market vendors provide a complete guide to universities in developing 3D models through the correct usage of materials and technology. Apart from traditional services, vendors are also offering software and mobile applications for 3D printing, thereby increasing the possibility of accessing and printing 3D models using technologies such as Autodesk.
The top four players in the 3D printing market in education include: -
- 3D Systems
The other prominent vendors of the market include 3T RPD, Autodesk, EOS, Materialise, Optomec, and Voxeljet.
Key questions answered in the report
- What are the key factors driving the 3D printing market in the education?
- What are the key market trends impacting the growth of the 3D printing market in education market?
- What are the various opportunities and threats faced by the vendors in the 3D printing market in education?
- Growth forecast for the key segments of the 3D printing market in education?
- Trending factors influencing the market shares of North America, Europe, APAC, and ROW?
- Key outcome of the market analysis of the leading countries in the 3D printing market in education?
- Key outcome of the five forces analysis on the 3D printing market in education?
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Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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