"Increasing Government Initiative to Drive U.S. 3D Printing Market Growth in Future": Says ERC
The U.S. 3D printing market is anticipated to expand at a compound annual growth rate (CAGR) of 28% during the forecasted period of 2015-2020, and reach to a valuation of USD 17.2 billion, according to our research report "U.S. 3D Printing Market Outlook 2020."
NewYork, United States, October 26, 2015 (Newswire.com) - The United States 3d printing industry is expected to experience a healthy growth, driven mainly by the high government spending and various initiatives. The U.S. 3D printing market is anticipated to expand at a compound annual growth rate (CAGR) of 28% during the forecasted period of 2015-2020, and reach to a valuation of USD 17.2 billion, according to our research report “U.S. 3D Printing Market Outlook 2020.”
Currently, at 38%, the U.S. accounts for the highest market share in the Global 3D printing industry owing to rising awareness and subsequent demand from consumers and range of industries. Citing the burgeoned demand it is expected that the U.S. market share will further increase in the overall global market in near future.
Further, in a bid to boost 3D printing and SMEs business and strengths, the U.S. Government is implementing various programs and updating various policies; ease of exports, information centers on exports, access to capital for small companies etc. According to ERC, favorable government policies are expected to provide an impetus to the 3D Printing Market in the U.S.
The report titled “ US 3D Printing Market Outlook 2020" provides detailed overview on the 3D printing Market of US in terms of product, materials and services. Further, the report also analyzes the opportunities of the U.S. 3D printing industry in major sectors viz. aerospace, healthcare, automotive and oil & gas.
To provide the in-depth analysis, the research report also encompasses the growth drivers, restraints and government initiatives.
With a view to understand the competitive landscape, the research report includes profiles of top U.S. based players but not limited to Stratasys, ExOne, 3D system etc. The profile encloses key information of the major U.S. 3D printing industry players that consists business overview, key financial, product offering and recent developments. Overall, the report provides detailed overview on the U.S. 3D printing industry that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
ERC is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision so as to avoid future uncertainties.