Global Rapid Prototyping Market was valued US$ XX Mn in 2019 and is expected to reac h US$ 6512.5 Mn by 2026, at a CAGR of around XX % during a forecast period. The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different r egions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decis ion makers to prepare the outline for short term and long term strategies for companies by r egion.
Rapid prototyping is a collection of systems used to fast fabricate a scale model of a physica l part and connection using three-dimensional computer-aided design data. Creation of the p art, model or assembly is usually accomplished using additive manufacturing, or more comm only identified as 3D printing. Rapid prototyping includes a variety of manufacturing technolo gies, though most utilize layered additive manufacturing. Increase efficiency, use of the product development phase in the manufacturing process is t he main significant factor to drive the growth of the global rapid prototyping market. Moreove r, the cost-effective, reduce product design time and limitation of the manufacturing design p rocess are some other factors expected to increase the evolution of the rapid prototyping ma rket. The report covers in-depth analysis of driving factors, opportunities, restraints, and challeng es for gaining the key insight of the market. The report emphasizes on all the key trends that play a significant role in the enlargement of the market from 2019 to 2026. Stereolithography (SLA) segment is expected to dominate the xx% market share during the f orecast period. Stereolithography prototyping is one of the most popular and versatile techn ologies accessible by Prototype Projects. Prototype Projects operates a set of SLA rapid pro totyping machines working round the clock, and cost-effectively with no compromise in quali ty. Most SLA parts are used for proper function prototypes, templates or marketing models. Based on the material, the metal segment is dominated by XX% during the forecast period. The metal variety material is widely used for rapid prototyping across heavy load manufactur ing verticals such as in automotive, electronics aerospace etc. Moreover, metal segment is a lso used across manufacturing verticals such as healthcare, prototyping of medical equipme nt, surgical instruments, etc. North America accounted for the largest XX % digital rapid prototyping market share during t he forecast period. North America is observing the higher adoption of rapid prototyping beca use of constantly rising automotive and healthcare industries. Several enterprises are trying to innovate novel products about rapid prototyping to compete with the other well-establishe d performers across the region and globe. Furthermore, it will help consumers and various d