Wilmington, Delaware, Sept. 13, 2023 (GLOBE NEWSWIRE) — Australia 3D Printing Market The value of US$ 84 millions in 2022 Expected to grow at an impressive rate CAGR above 8.7% The latest market report by RationalStat
Market definition, market scope, and report overview
The 3D printing method, also called additive manufacturing, creates three-dimensional objects by layering materials. 3D printing, unlike subtractive manufacturing, which involves cutting or molding material to create an object, constructs the object from the ground-up. This makes it very flexible and efficient.
3D-printing is rapidly growing in popularity due to its versatility and cost-effectiveness. It also has a large number of applications that can be used across many industries. 3D printing will continue to grow in importance as technology improves.
- RationalStat has analyzed the Australia 3D-printing market. Segments are based on component, printer, process, user, geography/regions, and end-user. Western Australia (including Southern Australia), Eastern Australia, Northern Australia and Central Australia. The report provides Australia and regional market sizes for the historical period 2019-2022, and forecast periods 2023-2030.
- Market intelligence for the Australia 3D printing market covers market sizes on the basis of market value (US$/EUR Million) and volume (Units) by various products/services/equipment, demand assessment across the key regions, customer sentiments, price points, cost structures, margin analysis across the value chain, financial assessments, historical and forecast data, key developments across the industry, import-export data, trade overview, components market by leading companies, etc.
- The long-term outlook for the sector, products/services and their implications on the Australia market of 3D printing is also included. It also includes the industry’s current state – Production Levels, Capacity Utilization, Tech quotient, etc. Information will include manufacturing capacity by country and installed base. Import volumes, market sizes, key players, dynamics, market data and insights.
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Australia Segmentation and Market Share Analysis of the 3D Printing Industry
- Among the components, it is expected that the service category will grow at the fastest rate, thanks to advances in printing technologies and materials.
- The industrial 3D printing sector will lead the market in 2022 with more than 72%. Industrial printers are used extensively in heavy industry.
- According to predictions, 3D printing in the automotive sector will grow at the fastest rate due to consumer demand for more efficient and newer automobiles.
|Market Size for the Base Year||US$ 84 Million|
|Market Size Forecast||US$164 Million|
|Key Market Drivers||
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Market Structure and Competition Analysis
These players use a variety of strategies to enhance their market share. This gives them a competitive advantage over other market competitors. Mergers & acquisitions, partnerships and collaborations, and product launches are some of the strategies followed by industry players. Some of the major developments in Australia’s 3D Printing market include:
- Carbon did not waste time in releasing its newest Digital Light Synthesis versions. The M3 series had faster print speeds and simpler user interfaces. Meanwhile, the M3 Max was equipped with a 4K light source that enabled a doubled build area while maintaining the same pixel density and size.
The following are some of the major players and suppliers that have contributed to the growth of the Australia 3D Printing market: Titomic Ltd. Effusiontech Pty Ltd. Other than that,
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RationalStat segmented Australia 3D Printing The market is segmented by region, component type, printer process, and end-user.
- Australia 3D Printing Market Value (US$ million), volume (Units) & Market Share (2019-2030), Analysis by Component
- Australia 3D Printing Markets Value (US$ million), volume (units) and market share (2019-2030) analysis by printer type
- Desktop 3D Printer
- Industrial 3D Printer
- Australia 3D Printing Markets Value (US$million), Volume (Units), and Market Share Analysis (2019-2030) by Process
- Binder Jetting
- Direct Energy Deposition
- Material Extrusion
- Material Jetting
- Australia 3D Printing Markets Analysis of Market Share, Value (US$million), Volume (Units), and Market Share by End User (2019-2030).
- Australia 3D Printing Market Analysis of Value (US$ million), Volume (Units) & Market Share (2019-2030).
- Australia 3D Printing Market
- Western Australia
- Southern Australia
- Eastern Australia
- Northern and Central Australia
- Australia 3D Printing Market
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Report on 3D Printing: Key Questions and Answers
- What will the market value be of Australia’s 3D printing industry by 2030?
- What is Australia’s 3D Printing market size?
- What are the key market drivers for the Australia 3D Printing market?
- What are the main trends in Australia’s 3D printing industry?
- Which region is leading the 3D printing market in Australia?
- What are some of the most prominent companies that are active in the Australian 3D Printing market?
- What is the market size of Australia’s 3D Printing market by segment?
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RationalStat incorporates secondary research and primary research in order to determine the market size. It also develops a forecast. To accurately calculate market numbers, the following steps are essential:
- Defining the problem by understanding the type of market and data required by the client.
- Data gathering and collection through relevant paid databases, publicly available sources, company reports, annual reports, surveys, and interviews.
- Formulating a hypothesis to create market numbers, forecasts, influencing factors, and their relevance.
- Evaluating and analyzing the data by referring to data sources utilized and leveraged.
- Validating, interpreting, and finalizing the data by combining the details gathered from primary and secondary sources with the help of experienced analysts.
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