Wilmington, Delaware, Sept. 13, 2023 (GLOBE NEWSWIRE) — Australia 3D Printing Market was valued at US$ 84 million in 2022 and is expected to grow at a significant CAGR of over 8.7% over the forecast period of 2023-2030, according to the latest market report by RationalStat
Market Definition, Market Scope, and Report Overview
3D printing, also known as additive manufacturing, is a groundbreaking manufacturing method that makes three-dimensional items by layering material. In contrast to traditional subtractive manufacturing procedures, which require cutting or molding a material to make an object, 3D printing constructs objects from the ground up, making it a very adaptable and efficient form of production.
Because of its versatility, cost-effectiveness, customization capabilities, and applications in a wide range of industries, the 3D printing business is quickly expanding. As technology advances, 3D printing is projected to play a growing role in manufacturing, innovation, and product development.
- According to a deep-dive market assessment by RationalStat, the Australia 3D printing market has been analyzed on the basis of market segments, including component, printer type, process, end user and geography/regions (including Western Australia, Southern Australia, Eastern Australia, Northern and Central Australia). The report also offers Australia and regional market sizing for the historical period of 2019-2022 and the forecast period of 2023-2030.
- Market intelligence for the Australia 3D printing market covers market sizes on the basis of market value (US$/EUR Million) and volume (Units) by various products/services/equipment, demand assessment across the key regions, customer sentiments, price points, cost structures, margin analysis across the value chain, financial assessments, historical and forecast data, key developments across the industry, import-export data, trade overview, components market by leading companies, etc.
- In addition, the long-term sector and products/services 10-year outlook and its implications on the Australia 3D printing market. It also includes the industry’s current state – Production Levels, Capacity Utilization, Tech quotient, etc. Key information will be manufacturing capacity by country, installed base, import volumes, market size, key players, market size, dynamics, market data, insights, etc.
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Australia 3D Printing Market: Segmental and Market Share Analysis
- On the basis of component, with advances in printing technology and materials, the service category is predicted to develop at the fastest CAGR during the forecast period.
- On the basis of printer type, in 2022, the industrial 3D printer sector led the market, accounting for more than 72% of the entire market. This is because industrial printers are widely used in heavy industries.
- On the basis of end user, due to the desire for newer, better-performing automobiles, the automotive area is predicted to be the fastest expanding vertical in the 3D printing market.
|Base Year Market Size||US$ 84 million|
|Market Size Forecast||US$ 164 million|
|Key Market Drivers||
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Competition Analysis and Market Structure
These players adopt various strategies in order to reinforce their market share and gain a competitive edge over other competitors in the market. Mergers & acquisitions, partnerships and collaborations, and product launches are some of the strategies followed by industry players. Some of the key developments in the Australia 3D printing market include,
- In 2022, Carbon wasted little time in unveiled its latest Digital Light Synthesis product versions. The M3 series featured faster print times and simpler user interfaces, while the M3 Max featured a genuine 4K light engine that allowed for double the build area with the same pixel size and density.
Some of the prominent players and suppliers operating and contributing significantly to the Australia 3D printing market growth include Titomic Ltd, Effusiontech Pty Ltd (SPEE3D), Aurora Labs Ltd., Objective3D, Inc, Inventia Life Science Pty Ltd., Afaridan Plastics, CSCAN, Roboze, Anatomics Pty Ltd, and Triton3D, among others.
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RationalStat has segmented the Australia 3D printing market based on component, printer type, process, end user, and region
- Australia 3D Printing Market Value (US$ Million), Volume (Units) and Market Share (2019-2030) Analysis by Component
- Australia 3D Printing Market Value (US$ Million), Volume (Units) and Market Share (2019-2030) Analysis by Printer Type
- Desktop 3D Printer
- Industrial 3D Printer
- Australia 3D Printing Market Value (US$ Million), Volume (Units) and Market Share (2019-2030) Analysis by Process
- Binder Jetting
- Direct Energy Deposition
- Material Extrusion
- Material Jetting
- Australia 3D Printing Market Value (US$ Million), Volume (Units) and Market Share (2019-2030) Analysis by End User
- Australia 3D Printing Market Value (US$ Million), Volume (Units) and Market Share (2019-2030) Analysis by Region
- Australia 3D Printing Market
- Western Australia
- Southern Australia
- Eastern Australia
- Northern and Central Australia
- Australia 3D Printing Market
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Key Questions Answered in the 3D Printing Report:
- What will be the market value of the Australia 3D printing market by 2030?
- What is the market size of the Australia 3D printing market?
- What are the market drivers of the Australia 3D printing market?
- What are the key trends in the Australia 3D printing market?
- Which is the leading region in the Australia 3D printing market?
- What are the major companies operating in the Australia 3D printing market?
- What are the market shares by key segments in the Australia 3D printing market?
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RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts’ viewpoint to create a research methodology for market sizing and forecasting.
RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:
- 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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About RationalStat LLC
RationalStat is an end-to-end Australia market intelligence and consulting company that provides comprehensive market research reports, customized strategy, and consulting studies. The company has sales offices in India, Mexico, and the US to support Australia and diversified businesses. The company has over 80 consultants and industry experts, developing more than 850 market research and industry reports for its report store annually.
RationalStat has strategic partnerships with leading data analytics and consumer research companies to cater to the client’s needs. Additional services offered by the company include consumer research, country reports, risk reports, valuations and advisory, financial research, due diligence, procurement and supply chain research, data analytics, and analytical dashboards.
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