3d Printing Market

The global 3d Printing Market is valued at USD 12.6 Billion in 2022 and is projected to reach a value of USD 48.67 Billion by 2030 at a CAGR (Compound Annual Growth Rate) of 18.4% between 2023 and 2030.

Premium Insights

The landscape of 3d Printing is going through a significant shift, as advancements in material composition, such as polymers and metals, are propelling additive manufacturing beyond its traditional use as a tool for prototyping. It is now becoming an essential part of fabrication processes. The introduction of new materials, along with faster production times and innovative finishes that meet strict standards like FDA, ASTM, and ISO, is making it easier to seamlessly integrate 3d Printing into manufacturing workflows. Governments worldwide are actively investing in research and development for 3d Printing, which is accelerating the spread and adoption of this technology. For instance, the Indian government is aiming to capture 5% of the global 3d Printing market share by investing $2-3 billion in the GDP over the next 2-3 years. This initiative involves creating 50 India-specific technologies related to materials, machines, processes, and software, to position India as a leading hub for 3D-printed design and manufacturing.

• The decreasing costs of 3d Printing machines, combined with increased knowledge and awareness, are also contributing to its widespread adoption in the industry. Advanced fused deposition modeling techniques that can handle various materials are further fueling this adoption across different sectors.
• North America generated more than 43.5% of revenue share in 2022.
• Asia Pacific is expected to grow at the quickest rate from 2023 to 2030.
• The Services segment accounted for the largest market growth in 2022 due to increased demand for on-demand and customized 3d Printing across various industries.
• Selective Laser Sintering (SLS) segment revealed the most significant market growth in 2022.
• The Functional Part Manufacturing segment accounts for the largest revenue in 2022.
• The Automotive segment dominated the market with a market share of 24.2% in 2022.

Economic Insights

The adoption of 3d Printing technologies is boosting the economy by improving manufacturing capabilities, enabling cost-effective prototyping, and facilitating on-demand production. This technology reduces material waste, streamlines supply chains, and supports mass customization, all of which enhance operational efficiency and optimize resources. Nevertheless, the initial investment in high-end 3d Printing equipment and materials can be a hurdle for some businesses. Furthermore, as the 3d Printing market evolves, there is a need for skilled professionals and ongoing research and development investments. This economic impact extends beyond traditional manufacturing sectors to healthcare, aerospace, and other industries, fostering innovation and job creation. As the market matures, economic insights indicate that the benefits of 3d Printing, such as increased efficiency, sustainability, and customized production, will likely continue to drive global growth and economic contributions.

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Top Market Trends

• Increased Adoption in Manufacturing: The utilization of 3d Printing has grown in various manufacturing sectors, encompassing prototype making, tool creation, and even the production of final usable parts. The aerospace, automotive, and healthcare industries are among those that have enthusiastically embraced 3d Printing due to its capacity to fabricate intricate designs and personalized components.
• Advancements in Materials: A significant trend has been the advancement of new and enhanced 3d Printing materials, such as high-performance polymers, metals, ceramics, and composite materials. These materials widen the scope of applications for 3d Printing in different industries.
• Mass Customization: Industries such as consumer goods, fashion, and healthcare are increasingly adopting 3d Printing due to its ability to facilitate mass customization. This technology enables the production of personalized and tailor-made products on a large scale, catering to the growing demand for customized items in these sectors.
• Industry 4.0 Integration: The integration of 3d Printing into Industry 4.0 is becoming essential, as it becomes more connected and intertwined with other digital technologies. This involves incorporating IoT devices, AI, and data analytics to enhance and streamline the 3d Printing process.
• Large-Scale Additive Manufacturing (LSAM): Large-scale 3d Printing is becoming increasingly popular, enabling the creation of larger objects like aerospace or architectural components. LSAM can completely transform the manufacturing process of large structures.

Market Segmentation

The Global 3d Printing Market is segregated into the segments as mentioned below:

The global 3d Printing market can be categorized into Offering, Process, Technology, Application, Vertical, Region. The 3d Printing market can be categorized into Printers, Materials, Software, Services based on Offering. The 3d Printing market can be categorized into Powder Bed Fusion, Material Extrusion, Vat Photopolymerization, Material Jetting, Binder Jetting, Other Processes based on Process. The 3d Printing market can be categorized into Fused Deposition Modeling (FDM), Stereolithography (SLA), Selective Laser Sintering (SLS), Direct Metal Laser Sintering (DMLS), Polyet/Multi Jet Printing (MJP), Electron Beam Melting (EBM), Direct Light Projection (DLP), Other Technologies based on Technology. The 3d Printing market can be categorized into Prototyping, Functional Part Manufacturing, Tooling based on Application. The 3d Printing market can be categorized into Aerospace & Defense, Industrial, Healthcare, Consumer Products, Automotive, Jewelry, Education, Energy, Architecture & Construction, Printed Electronics, Food & Culinary, Other Verticals based on Vertical. The 3d Printing market can be categorized into North America, Europe, Asia Pacific, Latin America, Middle East & Africa based on Region.

Based on Offering

Services held the Largest Share and Forecast to Continue to Hold the Largest Share in the Forecast Period

The 3d Printing market is dominated by the Services. They are crucial in providing accessible and diverse additive manufacturing solutions, allowing businesses and individuals to utilize advanced 3d Printing technologies without large upfront investments. These services are widely used for rapid prototyping, on-demand manufacturing, and custom production. They offer global reach, a wide range of materials, and specialized expertise. The convenience they provide, with experienced professionals, state-of-the-art equipment, and flexibility to meet varying production needs, drives their prominence.

Based on Technology

Selective Laser Sintering (SLS) Projected to Dominate the Market during Forecast Period

The 3d Printing market is anticipated to be dominated by the SLS segment. SLS is particularly notable for its versatility in working with various materials, such as polymers, metals, and ceramics. This feature makes SLS a desirable choice for a wide range of applications across different industries. This additive manufacturing technology employs the use of a laser to selectively combine or bond powdered materials, layer by layer, resulting in the creation of highly intricate and detailed 3D-printed objects. The growing demand for functional prototypes, low-volume production, and the ability to produce complex shapes without the need for support structures all contribute to the increasing significance of SLS.

Based on Application

Functional Part Manufacturing will Account for the Largest Market Share

In terms of application, Functional Part Manufacturing is anticipated to hold the greatest market share for 3d Printing market. The rising use of 3d Printing technologies in industries like aerospace, automotive, healthcare, etc. This is due to 3d Printing's capability to produce detailed and personalized parts with complex shapes, making it the preferred method for manufacturing precise and specialized components. The increasing adoption of additive manufacturing for functional parts is also driven by improvements in materials, processes, and quality control, guaranteeing that 3D-printed components adhere to industry standards for performance and dependability.

Based on Vertical

Automotive Sector to Lead the Market during the Projected Period

The Automotive vertical is expected to remain at the forefront of the 3d Printing market throughout the forecast period. The automotive industry has increasingly adopted 3d Printing due to its transformative impact on manufacturing processes. This technology enables rapid prototyping, tooling production, and the creation of complex components efficiently. The versatility of 3d Printing allows for lightweight, cost-effective customization, and intricate designs, making it an essential part of automotive innovation.

Based on Region

North American Region will Lead the Market in Coming Years

The North American region dominated the 3d Printing market due to several reasons, such as a strong technological ecosystem, the presence of key industry players, and the widespread adoption of additive manufacturing across different sectors. The region has witnessed significant investments in research and development, which has led to advancements in 3d Printing technologies and materials. Moreover, well-established aerospace and automotive industries in North America have actively embraced 3d Printing for various purposes.

Competitive Landscape

The 3d Printing market is highly competitive, with intense innovation and strategic partnerships among a diverse range of players. Established corporations and emerging startups work together to contribute to the market's dynamism. Leading companies invest in research and development to improve their 3d Printing technologies and expand their material capabilities. By collaborating and leveraging complementary expertise, these players strive to meet evolving market demands. Competition is also driven by the pursuit of sustainable practices and the exploration of new applications across industries.

The players in the global 3d Printing market include Stratasys Ltd. (Israel), 3D Systems (U.S.), EOS GmbH (Germany), Materialise NV (Belgium), GE (U.S.), Voxeljet (Germany), HP (Spain), SLM Solutions (Germany), CleanGreen3D Limited (Ireland), Protolabs (U.S.), Optomec (U.S.), Groupe Gorgé (France), Ultimaker (Netherlands), Renishaw (U.S.), Beijing Tiertime Technology (China) among others.

Recent Market Developments

• March 2023: Materialise and Exactech worked together to offer advanced treatment options for patients who have severe shoulder defects. Exactech, known for its development of innovative instruments, implants, and smart technologies for joint replacement surgery, partnered with Materialise to address the needs of these patients.
• February 2023: A partnership between Stratasys and Ricoh USA, Inc. has resulted in the creation of a streamlined solution for producing 3D-printed anatomic models in clinical settings. This collaboration brings together Stratasys' patient-specific 3D solutions, their advanced 3d Printing technology, Axial3D's cloud-based segmentation-as-a-service solution, and Ricoh's precision additive manufacturing services to create a comprehensive and user-friendly solution.
• February 2023: Desktop Metal has introduced the Einstein Pro XL, a reasonably priced 3D printer with excellent precision and efficiency, intended for dental labs, orthodontists, and other manufacturers of medical devices.
• December 2022: ULAS-E-VAN, which stands for UltraLightweight Body Structure of an Electric VAN, was developed by Voxeljet. A team of nine partners is working together to create innovative lightweight solutions for the body structure and a modular battery carrier system for light commercial vehicles that run on electric power.
• October 2022: Stratasys has recently purchased Riven, a startup company based in California that specializes in quality assurance software. The main goal of this acquisition is to incorporate Riven's cloud-based software solution into Stratasys' GrabCAD Additive Manufacturing Platform, providing an advantage to customers who utilize any Stratasys 3D printer with GrabCAD Print software.

Segmentation of the Global 3d Printing Market