Published Date : Nov 14, 2016
ALBANY, NY, Nov 14, 2016: The report on the global 3D printing in education market is a comprehensive piece of work and throws light on the forces such as drivers and restraints impacting the development of the market. The importance of 3D printing in the education market has also been studied in terms of growth opportunities and trends prevalent in the market. It also presents a deep understanding of the growth trajectory of the market in forthcoming years. Porter’s five forces model has also been employed in order to present information on the competition prevalent in this market.
The first part of the study presents the market landscape section of the report. As per the study, the global 3D printing market in education is poised to rise at a whopping 28.57% CAGR between 2016 and 2020. The utilization of 3D printing in education will aid students to easily understand the concepts and this improvement in their interest levels in complicated subjects such as science, technology, engineering, and mathematics (STEM) will also boost enrolment of students in these streams.
In the following part of the study, the drivers and restraints impacting the development of the 3D printing in education market have been highlighted. The need to improve learning process in the field of education is a key factor driving the global 3 D printing in education market. In addition, the advancement of IT infrastructure for education is a prime trend seen in the market. On the other hand, the low penetration rate of 3D printing technology in education may pose a challenge on the development of the market.
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Moving further, the report studies the market on key criteria such as component, end user, and geography. On the basis of component, the 3D printing in education market is segmented into services and materials and 3D printers. Amongst these, the segment of services and materials held a primary share in the market in 2015. The increasing cost of metals and plastics utilized for printing objects will boost the adoption of the segment of services and materials.
By end user, the report categorizes the market into K-12 and higher education. Of these, the sector of higher education is poised to emerge as the leading end use segment in the market all through 2016 to 2020. The growing inclination of institutions such as universities and colleges to utilize cutting-edge teaching methods for training of their in-house staff and addressing the gap of skills amongst students will provide impetus to the growth of the higher education sector in forthcoming years.
Geographically, the report segments the global 3D printing in education market into Asia Pacific, the Americas, and Europe, the Middle East, and Africa (EMEA). Of these, the Americas will lead the market in the forecast period, in terms of revenue. This is due to the proliferation of numerous vendors, education system’s digitalization, and the growing initiatives by the government of U.S. for enhancing the quality of education.
The prominent players in the global 3D printing in education market are 3D Systems, EnvisionTEC, Graphene 3-D Lab, Materialise, ExOne, and Stratasys, among others, as per this study.
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