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The key findings from our rapid prototyping equipment market forecast report are summarized below
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The global rapid prototyping equipment market research predicts the market to grow steadily at a CAGR of around 5% by 2021. One of the primary rapid prototyping equipment market drivers is the capability of the rapid prototyping equipment to increase the efficiency and effectiveness of the product development cycle in the manufacturing process. The rising competition and rapidly changing market dynamics have compelled a number of companies to have shorter product development cycles. Consequently, prototyping equipment enables the production of reliable and cost-effective products and reduces the need for multiple prototypes and analysis time.
One of the latest rapid prototyping equipment market trends gaining traction in this market is the exponentially rising adoption of integrated rapid prototyping equipment. Vendors are offering prototyping equipment that is integrated with various manufacturing applications. This approach helps in creating a collaborative product development cycle by reducing the gap between product design and production phases.
The global rapid prototyping equipment market is highly consolidated due to the presence of few established players holding a significant share of the global market. There is intense competition among the major vendors in the market. Apart from top vendors, several regional and local vendors have started manufacturing customized and energy-efficient equipment that is available at lower prices than the products offered by their international counterparts.
The report offers a detailed analysis of several leading companies, including:
Other prominent vendors in the rapid prototyping equipment market include 3T RPD, AAROFLEX, Afit, Proto Labs, Arcam, Beijing Yinhua, Biomedical Modeling, Concept Laser, Cubic Technologies, Desktop Factory, EnvisionTEC, ExOne, fcubic, GPI Prototype and Manufacturing Services, Greatbatch, Cubic Technologies, and Höganäs.
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During 2016, the rapid prototyping equipment applications for the automotive industry accounted for the major market share. The rapid rise in the sales of automobiles in countries like Australia, India, and China is the key factor responsible for the dominance of this segment in the global market.
In this rapid prototyping equipment market forecast, analysts have estimated the Americas to dominate the rapid prototyping equipment market during the forecast period. The presence of numerous automotive manufacturing and consumer product companies is the main factor driving the growth of the rapid prototyping equipment market in the region.
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PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by end-user
PART 07: Geographical segmentation
PART 08: Decision framework
PART 09: Drivers and challenges
PART 10: Market trends
PART 11: Vendor landscape
PART 12: Key vendor analysis
PART 13: Appendix
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