Global Rapid Prototyping Equipment Market: Rapid prototyping is a group of techniques used to quickly fabricate a scale model of a physical part or assembly using three-dimensional computer aided design (CAD) data. Rapid prototyping equipment reads CAD data and creates a sculptural object based on this information. In network design, rapid prototype equipment uses to map the architecture for a new network. The prototypes are being manufactured in order to get an approval from the engineers before the ultimate production process. Currently, many engineering and design organizations use 3D printers for rapid prototyping.
Increase efficiency and effectiveness of the product development cycle in the manufacturing process is main key factor to drive growth of the global rapid prototyping equipment market. In addition, reliable production, cost effective, reduce product design time, and shortening the production planning process are some other factors expected to boost growth of the global rapid prototyping equipment market during forecast period.
However, high material cost, low acceptance rate of rapid prototyping, and synchronization between prototyping and production materials hampers growth of the global rapid prototyping equipment market during forecast period. Also, limited range of raw materials available for fabrication is expected to restrain growth of the global rapid prototyping equipment market during forecast period.
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The global rapid prototyping equipment market is segmented on the basis of type, form, end user, function, and region.
North America accounts largest revenue to the global rapid prototyping equipment market owing to the increasing demand of these materials from varied end-use industries in this region during forecast period. Moreover, market in Asia Pacific is expected to grow at the highest CAGR during forecast period.
Key players in the global rapid prototyping equipment market include 3D Systems, EOS, Stratasys, 3T RPD, AAROFLEX, Afit, Proto Labs, Arcam, Beijing Yinhua, and Biomedical Modeling.