3D Printing Market

3D Printing Market was valued at USD 12.6 billion in 2022 and is forecast to touch USD 49.0 billion in 2030, and the market is expected to grow at a CAGR of 18.5% from 2023-2030.

To have an edge over the competition by knowing the market dynamics and current trends of “3D Printing Market”, request for Sample Report here

Significant 3D Printing Market Drivers

3D Printing Market is primarily driven by increasing demand for prototyping applications from end-use industries such as Healthcare and Aerospace and Defense, government policies supporting the 3D printing industry and development of new-industrial grade 3D printing materials. For instance, Indian government launched National Strategy on Additive Manufacturing, which focusses at creating 100 new start-ups and 500 additive manufacturing products across the country. Through this policy government aims to capture 5% share in the global Additive Manufacturing Market in the coming 2-3 years, such initiatives are increasing growth opportunities for 3D Printing Market.

3D printing is gaining popularity in the market because it is helping companies to reduce manufacturing cost and process downtime and developing customized products. 3D printing is benefitting enterprises in prototyping and designing structure and end products, which has enabled companies to offer products at reasonable prices. Fall in the prices of prices of additive manufacturing machines, increasing adoption of advanced technologies by manufacturers such as robotics and machine learning, rise in research and development activities and surge in the demand for lightweight and fuel-efficient vehicles in developing countries, are supplementing the 3D Printer Market growth. Disruptions in the global supply chain, has opened new opportunities for the 3D printing Market. Healthcare industry was severely impacted during Covid-19, due to insufficient availability of raw materials to produce medical devices. As a result, manufactures were looking for alternatives techniques to produce face masks and personal protective equipment and they adopted 3D printing owing to its fast-prototyping capabilities, which helped them to address shortage of these medical supplies. However, lack of trained professionals is restricting the growth of 3D Printing Market.

Do you want to know more about the Research process and detailed Methodology, Request Research Methodology of this report

As per 3D Printing Market report, the Industrial segment is projected to hold the largest market share

3D printers are increasingly used in different industries because these printers offer design flexibility, rapid prototyping and can reduce the cost of materials with minimal wastage, which is propelling the segment’s growth.

Based on Technology, Stereolithography (SLA) segment is forecast to hold a major share in the market

Stereolithography technology is increasingly used by companies for creating concept models and cosmetic prototypes. Direct metal laser sintering technology is gaining traction in the 3D Printing Market owing to the compatibility with other materials which include titanium, alloy, bronze, and steel. In addition, direct metal laser sintering technology is increasingly used to produce complicated structures such as machinery parts for aerospace and automotive industry because it simplifies the construction of complicated geometries of metals in a faster and easier way, which are propelling the segment’s growth.

According to 3D Printing Market research report, Prototyping segment dominated the market in 2022

Prototyping enables manufacturers to develop reliable end products with reliable with limited resource.  Additionally, growing adoption of prototyping application across various end-use industries such as automotive and aerospace and designing and developing parts and complex systems, are propelling the segment’s growth.

In case, any of your pain points areas are not covered in the current scope of this report, Request for Free Customization here

Based on Region, North American region is estimated to hold the largest 3D Printing Market share

North America 3D Printing Market is propelled by presence of the leading companies such as GE Additive, HP and 3D Systems, and surge in the number of research and development related activities. Moreover, increasing adoption of 3D printing technology across industries such as jewellery, aerospace & defense, automotive, and healthcare, is further driving the market growth in North America.

3D Printing is gaining popularity in Asia-Pacific region due to developments in the manufacturing industry. In addition, rise in the production of consumer electronic products along with rapid urbanization, are accelerating the market growth in Asia-Pacific.

3D Printing Market Leaders

Various notable players operating in the market include EOS GmbH, GE Additive, SLM Solutions, Envisiontec, Exone, Stratasys, 3D Systems, Voxeljet, HP, Protolabs, and Mcor Technologies, among others.

 Key Developments: 

• • In February 2022, Imaginarium entered into a strategic partnership with Ultimaker to launch the industrial and desktop and industrial printer range in the Indian market.
  • In March 2021, Stratasys launched a 3D printer that allows dental labs 3D printing efficiency and company’s polyJet realism and precision technology. The J5 DentaJet 3D printer helps technicians to load mixed trays of dental parts.
  • In July 2020, SLM solutions partnered with Honeywell International Co., manufacturer of metal 3D printer based out of Germany. This partnership focusses on developing new parameters for 3D printed aluminum alloy with high layer of thickness.
  • In March 2021, Renishaw partnered with Domin, to develop a high-performance servo valve. This partnership enabled Domin to use Renishaw’s RenAM 500Q, which helped the company to reduce carbon dioxide emissions from its servo valve.
  • In November 2020, Materialise launched Mimics VR Viewer, which will bring in VR capabilities to its 3D modelling platform. Its Mimics VR Viewer is designed to provide clinicians with complement to 3D printed anatomical models, which will enable faster and low-cost virtualization though interactive model for education and communication purposes.
  • In July 2020, Sintavia completed the acquisition of GE Additive’s Additional Arcam Q20+ printer. These printers are suitable for complex titanium aerospace components.

3D Printing Market Segmentation:

The 3D Printing Market has been segmented on the basis of Technology, Material Type and End-user Industry. Based on the Technology, the market is segmented into SLA, FDM, Electron Beam Melting, Digital Light Processing, SLS and Others. Based on the Material Type, the market is segmented into Metal, Plastic, Ceramics and Others. Based on the End-user Industry, the market is segmented into Automotive, Aerospace and Defense, Healthcare, Construction and Architecture, Energy, Food and Others.

 For detailed scope of the “3D Printing Market” report request a Sample Copy of the report

Market Segmentation

Global 3D Printing Market by Technology

• • Stereo Lithography (SLA)
  • Fused Deposition Modeling (FDM)
  • Electron Beam Melting
  • Digital Light Processing
  • Selective Laser Sintering (SLS)
  • Others

Global 3D Printing Market by Material Type

• • Metal
  • Plastic
  • Ceramics
  • Others

Global 3D Printing Market by End-user Industry

• • Automotive
  • Aerospace and Defense
  • Healthcare
  • Construction and Architecture
  • Energy
  • Food
  • Others

Global 3D Printing Market by Region

• • North America 3D Printing Market (Option 1: As a part of the free 25% customization)
    • By Offering
    • By Process
    • By Application
    • By Vertical
    • By Technology
    • US Market All-Up
    • Canada Market All-Up
  • Europe 3D Printing Market (Option 2: As a part of the free 25% customization)
    • By Offering
    • By Process
    • By Application
    • By Vertical
    • By Technology
    • UK Market All-Up
    • Germany All-Up Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific 3D Printing Market (Option 3: As a part of the free 25% customization)
    • By Offering
    • By Process
    • By Application
    • By Vertical
    • By Technology
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up
  • RoW 3D Printing Market (Option 4: As a part of the free 25% customization)
    • By Offering
    • By Process
    • By Application
    • By Vertical
    • By Technology
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating the 3D Printing (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • EOS GmbH
  • GE Additive
  • SLM Solutions
  • Envisiontec
  • Exone
  • Stratasys
  • 3D Systems
  • Voxeljet
  • HP
  • Protolabs
  • Mcor Technologies