The global 3D printing market will rise at an impressive 18% CAGR between 2017 and 2025. At this pace the market will reach US$32.3 bn 2025 from US$7.3 bn in 2016. The global 3D printing market is still at its budding stage hence with the entry of new players the competition is likely to get fiercer in the coming years. 

Furthermore, the rising research and development initiatives will bring about various innovations, subsequently enabling the global 3D printing market gain significant momentum. 

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The robust growth witnessed in the global 3D printing market is attributable to the expanding applications of the technology. This, coupled with the rising awareness about the benefits of using 3D printing over indigenous manufacturing methods, is also expected to create lucrative prospects for growth. 

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Recent technological advancements have impelled manufacturers to incorporate new materials to offer surface enhancement in the final products. Given the scenario, the demand for 3D printing is expected to scale higher thus giving impetus to the overall market. 

The advent of 3D printing has simplified customizing products, while reducing the overall manufacturing cost. Realizing the benefits in store, government investment towards 3D printing projects has increased as well. Spurred by these factors, the global 3D printing market will exhibit strong growth in the coming years.