Global Rapid Prototyping Equipment Market 2017-2021
About Rapid Prototyping Equipment
A group of techniques used to fabricate a model of a part or the entire assembly is known as rapid prototyping. 3D computer-aided design data are used for prototyping. Various rapid prototyping technologies such as stereolithography (SLA), selective laser sintering (SLS), laminated object manufacturing (LOM), fuel deposition modeling (FDM), solid ground curing (SGC), and Ink Jet printing techniques are commercially available.
Technavio’s analysts forecast the global Rapid Prototyping Equipment market to grow at a CAGR of 4.60% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global rapid prototyping equipment market for 2017-2021. To calculate the market size, the report considers the retail selling price is considered as the average selling price for the product.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Rapid Prototyping Equipment Market 2017-2021
Technavio recognizes the following companies as the key players in the global rapid prototyping equipment market: 3D Systems, EOS, and Stratasys.
Other Prominent Vendors in the market are: 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.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is developed rapid prototyping equipment for healthcare industry. The global rapid prototyping equipment market is experiencing an increased demand from the healthcare sector. Vendors have begun to develop products and systems specific to the sector. They are developing advanced raw materials to develop various complex healthcare applications such as transplantation surgery and tissue implant engineering. For instance, the rapid prototyping equipment market in North America is experiencing huge opportunities from the healthcare sector in the US.”
According to the report, one of the major drivers for this market is reduced time-to-market. Rapid prototyping equipment increases the efficiency and effectiveness of the product development cycle in the manufacturing process. Companies need a shorter product development cycle in today's competitive business environment. This equipment enables the production of reliable and cost-effective products and reduces the need for multiple prototypes and analysis time. This helps reduce the product development cycle time
Further, the report states that one of the major factors hindering the growth of this market is limited availability of raw materials for fabrication. Raw materials such as metal, paper, and plastic for the fabrication process are essential for rapid prototyping equipment. Their availability determines the productivity of the process. However, the availability of a limited range of raw materials is a major challenge for the market, which leads to the production of a small number of products. However, some rapid prototyping equipment vendors offer mixed raw materials to increase productivity.
3D Systems, EOS, Stratasys, 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.