Global 3D Printing Market to Surpass $8 Billion by 2024June 1, 2020
Government and industry initiatives worldwide are propelling the global automotive 3D printing market, poised to go from $1.4 billion in 2017 to more than $8 billion by 2024, for a compounded annual growth rate (CAGR) of 25 percent, according to a report by Global Market Insights, Inc. An example: Canada’s Industrial Research Program (IRAP) drive the use of 3D printing by small and medium organizations. While the North American market share is nearly half (45 percent) of the global market, investments in India and China fuel the Asia-Pacific automotive 3D printing market, anticipated to achieve a CAGR of more than 29 percent over the 2018-2024 forecast period.
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