Global 3D Printing in Education Market 2016-2020

Global outlook of the 3D printing in education market

Technavio’s market research analysts predict the global 3D printing in education market to grow steadily during the next four years and post an impressive CAGR of more than 28% by 2020. This industry research report identifies the ability of 3D printing to enhance the learning process to be one of the major factors that will have a positive impact on the growth of this market in the coming years. 3-D printing technology not only helps enhance the quality of illustration but also simplifies complex concepts through interactive visualizations. The adoption of 3-D printing for education will help improve the commitment of students towards assignments by assisting them in creating objects and make detailed reports based on their point-of-view experiences. This will help students easily understand concepts and enhance their level of interest in complex subjects such as science, technology, engineering, and mathematics (STEM), in turn, increasing student enrolment in these streams. However, educational institutions will have the need to include 3D printing right from the elementary stages, which will help students acknowledge 3-D printing as a part of their curriculum and start using them independently.

In terms of geographical regions, the Americas will be the major revenue contributor to the market throughout the forecast period. North America will account for the major revenue shares, where the digitalization of the education system, the presence of a number of vendors, and the initiatives by the US government to improve the quality of education, will propel the demand for the use of 3D printers for education.

Competitive landscape and key vendors

The market is characterized by the presence of diversified international and regional vendors and appears to be fragmented. As international 3D printer manufacturers are increasing their footprint in the market, domestic or regional players are finding it difficult to compete with them, especially in terms of product quality, technology, and pricing. The market is highly competitive and the vendors are primarily focusing on offering simple, small-sized, user-friendly, and affordable products to expand their customer base. An increase in product/service extensions, technological innovations, and M&As, will intensify the level of competition in the already fierce market.

The leading vendors in the market are -

• 3D Systems
• EnvisionTEC
• ExOne
• Stratasys

The other prominent vendors in the market are Graphene 3-D Lab, Materialise, Organovo Holdings, Ultimaker, and Voxeljet.

Segmentation by component and analysis of the 3D printing in education market

• 3D printers
• Services and materials

According to this market research and analysis, the services and materials segment accounted for the major market shares and dominated the industry during 2015. Vendors in the market offer various services such as printing services, software services, design services, and support and maintenance. Analysts predict that due to the rising cost of plastics and metals used to print objects, this segment will continue its market dominance throughout the next four years as well.

Segmentation by end-users and analysis of the 3D printing in education market

• Higher education
• K-12

This market study predicts that the higher education sector will be the market’s major end-user segment throughout the forecast period. The increasing focus of higher education institutions such as colleges and universities toward developing innovative teaching methods to address the skill gap among students and training their in-house staff, will fuel the market segment’s growth prospects in the coming years.

Key questions answered in the report include

• What will the market size and the growth rate be in 2020?
• What are the key factors driving the global 3D printing in education market?
• What are the key market trends impacting the growth of the global 3D printing in education market?
• What are the challenges to market growth?
• Who are the key vendors in the global 3D printing in education market?
• What are the market opportunities and threats faced by the vendors in the global 3D printing in education market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global 3D printing in education market?

Technavio also offers customization on reports based on specific client requirement.

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• Global 3D Printing Materials Market 2016-2020
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