A new research report by Report Ocean, titled “Global Rapid Liquid Printing Market Size study, by Offering (Printers, Services, Materials, Software), Application (Prototyping, Functional Part/End-Use Manufacturing, Tooling), Vertical (Consumer Products, Fashion) and Regional Forecasts 2020-2027,” offers a deep insight into the market for rapid liquid printing, worldwide. The report presents a thorough analysis of this market, taking its past performance and future growth potential into consideration.
According to the research study, the opportunity in the global rapid liquid printing market is expected to increase substantially during the period from 2020 to 2027. The continued advancements in 3D printing technology and the increasing uptake of 3D printed products are likely to propel this market over this period. The advent of new techniques and surge in investments to pump up R&D activities in order to overcome several shortcomings, such as lengthy 3D printing period, are anticipated to propel the market for rapid liquid printing across the world in the years to come.
Moreover, the expanding application base of printed products across a number of end-use industries, such as aerospace, automotive, construction, and consumer goods, is likely to fuel the demand for rapid liquid printing techniques, leading to significant market growth in the near future. However, the fluctuating cost of raw materials may impede the market to some extent over the forecast period. Nonetheless, increasing research activities in a bid to develop new techniques will present lucrative opportunities for the market in long term.
Demand for Printers and Printing Services to Support Market’s Growth
The report has analyzed the worldwide rapid liquid printing market based on the performance of its segments. On the basis of offering, the market is classified into services, printers, materials, and software. The demand for printers and printing services are relatively higher than other offering of this market. In terms of the vertical, consumer products and fashion are the main segments of this market and prototyping, tooling, and functional part/end-use manufacturing have been considered as the main application areas of rapid liquid printing in this study.
A regional analysis of the global rapid liquid printing market is also offered in this report. As per the study, North America has acquired the dominant share in this market. Thanks to the early uptake of technology and the presence of key printing material manufacturers in North America, this regional market is likely to maintain its lead over the next few years. Asia Pacific is also expected to report a significant rise over the forecast period. The availability of low-cost labour, cheap raw material, and ample untapped opportunities are anticipated to boost the Asia Pacific rapid liquid printing market.
Impact of Covid 19 on Global Rapid Liquid Printing Market
The global rapid liquid printing market is impacted significantly by the economic slowdown due to the Coronavirus pandemic. Companies, now left with less capital, are hesitant in investing more, which has halted new launches and technological advancements for the time being. However, as the economy begins to recover, the momentum in this market will return as well.
- The demand for printers and printing services are relatively higher than other offering of the global rapid liquid printing market.
- North America has acquired the dominant share in this market and is expected to remain seated there over the forecast period.
- Increasing research activities are adding to the growth potential.
The global rapid liquid printing market is segmented into:
- Functional Part/End-use Manufacturing
- Consumer Products
- North America
- Asia Pacific
- Latin America
- Rest of the Worl
Companies Mentioned in the Report
- 3D Systems
- Dassault Systemes
- Native Canada Footwear
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