Industrial 3D Printing Market

The continuous evolution of 3D printing is mainly due to the increasing adoption of technology among various leading companies. Industrial 3D printing refers to the manufacturing method used to create physical products by computer-aided design (CAD) digital file. Thin layers of material are deposited until the object is completed. 3D printing helps in reducing wastage, needs no tools or molds, enables customization of each output, and allows complex designs to make their way to the market faster as compared to the traditional processes.

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Major factors such as the increasing amount of investments in the 3D printing by the start-up companies, followed by the strong demand for 3D printing software to produce industry-grade parts are responsible for the growth of the Industrial 3D printing market. Moreover, the rising emphasis on accelerating production using 3D printing and the ease in developing customized products are further supporting the market growth in the coming years. While desktop 3D printing is one of the emerging trends, the industrial 3D printing market is projected to grow at a sustainable rate. The rising investments in core printing technologies, 3D printable materials, and specialized software, are renewing the interest in the 3D printing technology in various industries.

With the emergence of Industry 4.0, numerous leading corporates and consultants are increasingly investing in 3D printing knowledge and capabilities to advise and join clients in the Industry 4.0 wave and revolutionize supply chains, product portfolios, and business models in the process. All these factors are opening new doors for the growth of the Industrial 3D printing market. The government of various economies are heavily investing in promoting higher productivity by enforcing quality standards and principles in the manufacturing industry, which will further energize the demand of the market. On the other hand, the variation in the consistency of 3D printing is a major factor that will hamper the growth of the market in the coming years. The lack of consistency in 3D printing is mainly due to the uncontrolled process variables and material differences based on the machine and manufacturer.

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Based on the offering, the printer segment is anticipated to grow at a higher CAGR during the forecast period. This is mainly due to the accelerating adoption of 3D printing technology and 3D printers in numerous end-user sector to produce selected end parts, is a major factor that will contribute to the growing demand of the segment. Various sectors, including automotive, healthcare, aerospace & defence, engineering, and printed electronics are increasingly opting for 3D printers. These printers are used to create concept models, mater patterns and molds for tooling, precision and functional prototypes, and finished parts. Moreover, 3D printing does not need any tools and helps in decreasing the total time required to produce parts.

On the basis of process, the powder bed fusion segment is anticipated to grow at a higher CAGR during the forecast period. Powder bed fusion 3D printing includes electron beam melting (EBM), selective laser melting (SLM), direct metal laser sintering (DMLS), selective heat sintering (SHS), and selective laser sintering (SLS) technologies, which are widely used 3D printing technologies for the development of tools and machinery parts in industries such as aerospace, healthcare, automotive, and printed electronics industries. The ability to produce complex geometries and deliver high feature resolution, decent surface finish, and good strength, are the various remarkable properties of powder bed fusion segment, that is attracting the growth of the segment.

On the basis of technologies, the direct metal laser sintering segment is projected to lead the market during the forecast period. This technology allows the creating of high-quality metal parts as it helps in the construction of complex geometric shapes of metals, which makes them ideal for the manufacturing sector. Moreover, the ability of this technology to develop complex structures in various sectors, such as automotive and aerospace, is another factor that is boosting the demand of the segment.

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Based on the region, North America region is expected to dominate the industrial 3D printing market in the next six years. The continuous technological advancements, along with the high adoption of technology in a wide range of sectors such as aerospace & defense, healthcare, and other sectors, are the two key drivers that are surging the growth of the market in this region. Furthermore, the positive economic growth and the strong presence of leading players working on the 3D printing technology are further responsible for increasing the demand of the market in the coming years.

Various notable players operating in the market include Stratasys Ltd., 3D Systems, Inc., Materialise, EOS, General Electric, ExOne, VOXELJET AG, SLM Solutions, EnvisionTEC, and HP Development Company, L.P., among others. 

Key Developments:

• • In 2020, Stratasys Ltd., introduced the J55 PolyJet 3D printer, which has a maximum build volume size of 1,340 cubic inches. The 3D printer supports the full design process with the same data send-to-print and minimal post-processing.
  • In 2020, General Electric and US Air Force entered into a collaboration with an aim to reach first technology milestone with the 3D printed sump cover for F110 engine.
  • In 2020, 3D Systems Ltd., launched 3DXpert for SolidWorks, which empowers SOLIDWORKS customers to easily prepare and optimize their designs for additive manufacturing, enabling them to design complex structures and improve the product design lifecycle with better automation and seamless bi-directional data exchange from and to SOLIDWORKS.

The global Industrial 3D Printing market has been segmented on the basis of offering, process, technology, application, industry, and key regions. Based on offering, the market is segmented into printers, materials, software, and services. The material segment is further sub segmented into plastics, metals, and ceramics. The software segment is further sub segmented into design software, inspection software, printing software, and scanning software. The services segment is further sub segmented into manufacturing services, and consulting services. Based on process, the market is segmented into binder jetting, direct energy deposition, material extrusion, material jetting, powder bed fusion, sheet lamination, and vat photopolymerization. Based on technology, the market is segmented into stereolithography, fused deposition modelling, selective laser sintering, direct metal laser sintering, polyjet printing, inkjet printing, electron beam melting, laser metal deposition, digital light projection, laminated object manufacturing, and others. Based on application, the market is segmented into prototyping, and manufacturing. Based on Industry, the market is segmented into Automotive, Aerospace & Defense, Food & Culinary, Printed Electronics, Foundry & Forging, Healthcare, Jewelry, Oil & Gas, Consumer Goods, and Others. 

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Key questions answered in this research report:

• • At what pace is global Industrial 3D Printing market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Industrial 3D Printing market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Industrial 3D Printing market?
  • Which technology generated maximum revenues in 2019 and identify the most promising technologies during the forecast period?
  • What are the various offering of global Industrial 3D Printing market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2019
Market Forecast Period	2020-2027
Market Revenues Currency	USD Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Offering, By Process, By Technology, By Application, By Industry, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	Stratasys Ltd., 3D Systems, Inc., Materialise, EOS, General Electric, ExOne, VOXELJET AG, SLM Solutions, EnvisionTEC, and HP Development Company, L.P., among others; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Industrial 3D Printing Market by Offering

• • Printers
  • Materials
    • Plastics
    • Metals
    • Ceramics
  • Software
    • Design Software
    • Inspection Software
    • Printing Software
    • Scanning Software
  • Services
    • Manufacturing Services
    • Consulting Services

Global Industrial 3D Printing Market by Process

• • Binder Jetting
  • Direct Energy Deposition
  • Material Extrusion
  • Material Jetting
  • Powder Bed Fusion
  • Sheet Lamination
  • Vat Photopolymerization

Global Industrial 3D Printing Market by Technology

• • Stereolithography
  • Fused Deposition Modelling
  • Selective Laser Sintering
  • Direct Metal Laser Sintering
  • Polyjet Printing
  • Inkjet Printing
  • Electron Beam Melting
  • Laser Metal Deposition
  • Digital Light Projection
  • Laminated Object Manufacturing
  • Others

Global Industrial 3D Printing Market by Application

• • Prototyping
  • Manufacturing

Global Industrial 3D Printing Market by Industry

• • Automotive
  • Aerospace & Defense
  • Food & Culinary
  • Printed Electronics
  • Foundry & Forging
  • Healthcare
  • Jewelry
  • Oil & Gas
  • Consumer Goods
  • Others

Global Industrial 3D Printing Market by Region

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

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

• • Stratasys Ltd.
  • 3D Systems, Inc.
  • Materialise
  • EOS
  • General Electric
  • ExOne
  • VOXELJET AG
  • SLM Solutions
  • EnvisionTEC
  • HP Development Company, L.P.