Rapid Prototyping Market to grow at a CAGR of 29.7 percent to reach USD 6.98 Bn by 2029

(IT-NEWSWIRE.COM, April 09, 2023 ) As per Maximize Market research, the total global market for “Rapid Prototyping Market” was USD 0.87 Bn in 2021 and is expected to grow at a CAGR of 29.7 percent over the forecast period to reach USD 6.98 Bn by 2029.

Rapid Prototyping Market Report Scope and Research Methodology

The report includes an in-depth region-wise and segment-wise analysis of the Rapid Prototyping Market size and share. The data for the report is gathered by using both the research methodologies that are primary and secondary and the data collected through research was combined for accurate inference.

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Rapid Prototyping Market Dynamics

The expected increase in supply volume with advanced synthesis, short cycle time, and the expansion of application-specific categories are some of the main drivers driving market growth. The issues such as a large material expenditure due to low utilization capacity, may serve as barriers during market growth

Rapid Prototyping Market Regional Insights

In 2021, the North America region held the largest Rapid Prototyping Market share. North America dominates the rapid prototyping market because of the uninterrupted rise in the automotive and healthcare enterprises.

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Rapid Prototyping Market Segmentation

By Technology

Subtractive

Additive

Stereolithography

Selective Laser Sintering

Fused Deposition Modeling

Ink Jet printing techniques

By Material

Metal

Polymer

Ceramic

Plaster & starch

Foundry sand parts

By Form

Filament

Ink

Powder

By End-User

Aerospace & Defense

Healthcare

Automotive

Consumer Goods & Electronics

Manufacturing & Construction

Others

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Rapid Prototyping Market Key Competitors include:

3D Systems

Stratasys Ltd.

Sandvik AB

Royal DSM.

Arkema S.A.

CRP Group

Hoganas AB

LPW Technology Ltd.

Lithoz GmbH

Materialise NV

think3D,

DSM

Sculpteo

Renishaw plc.

Arcam EBM

Sandvik AB

Tethon3D

Maximize Market Research is leading Electronics research firm, has also published the following reports:

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Rapid Prototyping Market to grow at a CAGR of 29.7 percent to reach USD 6.98 Bn by 2029