Report Description

Global 3D Printing Market is expected to thrive during the forecast period 2024-2028F, the market is expected, due to the aggressive research and development of 3D printing and the rising demand for prototyping applications from a variety of industry sectors, particularly healthcare, automotive, and aerospace and defense.

A manufacturing method for creating three-dimensional items from digital files is known as three-dimensional printing. Through additive processes of sequential layers of material, 3D printing creates objects with the high precision and resource efficiency. In addition, 3D printing solutions like resin 3D printers, filament 3D printers, and services 3D printers have become increasingly popular in a variety of industries for the production of bespoke items. Previously, quick prototypes were the only use for 3D printing.

 

Growing application 3D printing technology

 

Industrial manufacturing is progressively utilizing 3D printing technology, particularly in the automotive, aerospace, and defense sectors. Tooling, jigs and fixtures, injection molding, and production part manufacturing could all benefit from 3D printing. 3D printing innovation is in a beginning phase of improvement across a few areas, like printed hardware, materials, footwear, and food and culinary; However, the jewelry, education, and art and architecture industries are rapidly adopting it. Printers and printing technologies have advanced, printing materials have improved, and a skilled workforce has emerged in the market. 3D printing tracks down expected chances to dispose of PCBs and produce listening devices, primary gadgets, print sensors, phone radio wires, batteries, sun-oriented cells, light-transmitting diodes, and other dynamic and latent gadgets.

 

Substantial Investments of Governments and Tech Giants to Foster Market Growth

Digital interruptions are extremely affecting advanced manufacturing technologies in many nations worldwide. The United States could make use of 3D technology. This technology was included in the budget of the United States Department of Défense in 2018 as a crucial capability. Products aimed at additive and 3D printing manufacturing have been leaped by even tech software giants like Autodesk, Microsoft, and HP.

In a similar manner, China is putting in a lot of effort to keep the manufacturing industry's competitive index in the global market. Because Chinese manufacturers perceive this technology as both a risk and an opportunity to boost the economy, they frequently make investments in its research and development. And same in India sees this technology as a chance to contribute more to the global manufacturing competitiveness. The Make in India Initiative and other active government programs support India's market. For instance, India Cements and the construction 3D printing startup Tvasta collaborated in May 2022 to promote sustainability in the construction industry.

Korea provides national support for the implementation of an independent roadmap for this technology's research and development. To encourage the use of this technology, the Korean government is accelerating industry regulatory agreements and implementing tax incentives. An independent 3D technology strategy has been developed by the British government; However, because of Brexit, the manufacturing sector in the United Kingdom is experiencing some uncertainty. Due to its well-established Industry 4.0 infrastructure, Germany is expected to define new technology strategies. Due to all these technologies development the market for the 3D printing will grow in the forecast period.

Advancement in 3D Hardware and Software is Generating New Revenue Streams for Market Players

New technologies are being upgraded and developed by established market players and tech-savvy start-ups. 3D printers for production have become faster and more dependable because of hardware advancements. One of the most widely used 3D printers is the polymer printer. In December 2022, Redington Limited signed a contract with ETEC, Materialize, and Wipro products to provide businesses with full-stack services and products to make the 3D manufacturing process easier. In addition, Redington Limited worked with Wipro 3D to make the introduction of polymer 3D printers in India easier.

According to the statistics, new market opportunities for market participants would result from advancements in polymer additive manufacturing. Due to their capacity for high productivity and volume production, powder bed fusion technologies like HP Inc.'s Multi Jet Fusion and Fused Filament Fabrication (FFF) are anticipated to be the most popular industrial 3D technologies. In a similar vein, the dental and consumer goods industries are more likely to have a growing demand for resin-based technologies like Stereolithography (SLA) and digital light processing (DLP).

In a similar vein, the need to streamline operations is propelling software development in the 3D industry to new heights. Since the technology is used a lot in the manufacturing process, software that can help manufacturers increase production volumes and improve their additive manufacturing processes more effectively is in high demand.

 

Global Government investment in 3D printing projects will drive the market in forecast period.

To further investigate the opportunities presented by 3D printing technology and encourage its development, governments around the world are launching initiatives and providing funding to educational institutions, research centers, and technology organizations. National programs have been implemented in the United States, the United Kingdom, and Canada to encourage university-level 3D printing research, technological advancement, and startup development. Industries and governments around the world have turned to 3D printing because of the emergence of new uses for the technology. For instance, the UK National Strategy for Additive Manufacturing 2018–2025 aims to create 60,000 sector-specific jobs and generate 3844.59 million USD in annual gross value added (GVA) by 2025. The strategy depicts all the recommendations made by the workgroups that oversaw themes.


Recent Development

·        Oct. 20, 2022, the collaboration between AML3D Australia and Boing, a producer of aircraft, was expanded. Based on this agreement, it has been decided to increase the project's scope to include the supply of additional 3D-printed parts, thereby increasing the agreement's value by 150 percent AML3D was given the task, by Boeing to 3D print aluminum parts for a prototype airplane as part of a difficult testing process. The parts were checked against the needs of AS9100D quality assurance for "fly" parts.

·      Oct. 20, 2022, A distribution collaboration between Post Process Technologies and EOS has been established to offer clients of EOS a sustainable and fully automated depowering solution. The partnership makes it easier for clients to get post-printing solutions, which makes it possible to digitize the entire process. The Variable Acoustic Displacement (VAD) technology solution, agreeing to Post Process, automate gross depowering for 3D printed parts and complement the EOS printer product line.

·       FITTLE teamed up with Form labs, In December 2022, a 3D printing company, to make it easier to get affordable digital manufacturing tools. Form labs was able to make its 3D printers even more accessible to users across North America thanks to this partnership.

·       Imaginarium and Ultimaker launched a desktop and industrial range of 3D printers for the Indian market In February 2022, Ultimaker's business in India, where additive manufacturing is expected to make a breakthrough in the coming years, would benefit from this partnership.

·    Materialise and Exactech, a company that creates cutting-edge instruments, implants, and other smart technologies for joint replacement surgery, worked together in March 2023 to offer advanced treatment options for patients with severe shoulder defects.

·    To provide clinical settings with on-demand 3Dprinted anatomic models, Stratasys and Ricoh USA, Inc. collaborated in February 2023. Stratasys' patient-specific 3D solutions were integrated with its 3D printing technology under this agreement; the medical technology manufacturer's segmentation-as-a-service cloud-based solution; Ricoh's precision additive manufacturing services and one easy-to-use solution were combined.

 



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Market Segmentation

Global 3D Printing Market is segmented based on Component, Printer Type, Technology, Process, Vertical, regional distribution and competitive landscape. Based on Component, the market is divided into Hardware, Software and Services. Further, the Software sub-Segment is fragmented into Design Software, Inspection Software, Printer Software, and Scanning Software.  Based on Printer Type, the market is segmented into Desktop 3D Printer and Industrial Printer. Based on Technology, the market is divided into Stereolithography, Fuse Deposition Modeling, Selective Laser Sintering, Electron Beam Melting, Laminated Object Manufacturing, and Others. Based on Process, the market is divided into Powder Bed Fusion, Vat Polymerization/ Liquid Based, Material Extrusion, Binder Jetting, Material Jetting, and Others. Based on Vertical, the market is divided into Automobile, Consumer Electronics, Medical, Aerospace & Defense, Education, and Others. Based on region, the market is further bifurcated into North America, Asia-Pacific, Europe, South America, Middle East & Africa.


Market player

Major market players in the Global 3D Printing Market are Stratasys Ltd, 3D Systems Corporation, EOS GmbH, General Electric Company (GE Additive), Sisma SPA, ExOne Co., SLM Solutions Group AG, Proto Labs Inc., Hewlett Packard Inc., Nano Dimernsion Ltd.


Attribute

Details

Base Year

2022

Historic Data

2018 – 2021

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Million and CAGR for 2018-2022 and 2023-2028

Report coverage

Revenue forecast, company share, growth factors, and trends

Segments covered

Component

Printer Type

Technology

Process

Vertical

Regional scope

North America, Asia-Pacific, Europe, South America, Middle East & Africa

Country scope

United States, Canada, Mexico, China, India, Japan, South Korea, Australia, Germany, United Kingdom, France, Spain, Italy, Brazil, Argentina, Colombia, Saudi Arabia, South Africa, UAE

Key companies profiled

Stratasys Ltd, 3D Systems Corporation, EOS GmbH, General Electric Company (GE Additive), Sisma SPA, ExOne Co., SLM Solutions Group AG, Proto Labs Inc., Hewlett Packard Inc., Nano Dimernsion Ltd

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)


Report Scope:

In this report, the Global 3D Printing Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

·         3D Printing Market, By Component:

o   Hardware

o   Software

§  Design Software

§  Inspection Software

§  Printer Software

§  Scanning Software

o   Services

·         3D Printing Market, By Printer Type:

 

o   Desktop 3D Printer

o   Industrial Printer

·         3D Printing Market, By Technology:

 

o   Stereolithography

o   Fuse Deposition Modeling

o   Selective Laser Sintering

o   Electron Beam Melting

o   Laminated Object Manufacturing

o   Others

·         3D Printing Market, Process:

 

o   Powder Bed Fusion

o   Vat Polymerization/ Liquid Based

o   Material Extrusion

o   Binder Jetting

o   Material Jetting

o   Others

·         3D Printing Market, Vertical:

o   Automobile

o   Consumer Electronics

o   Medical

o   Aerospace & Defense

o   Education

o   Others

·         3D Printing Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Asia-Pacific

§  China

§  India

§  Japan

§  South Korea

§  Australia

o   Europe

§  Germany

§  United Kingdom

§  France

§  Spain

§  Italy

o   South America

§  Brazil

§  Argentina

§  Colombia

o   Middle East

§  Saudi Arabia

§  South Africa

§  UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global 3D Printing Market.

Available Customizations:

With the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

·         Detailed analysis and profiling of additional market players (up to five).

The Global 3D Printing Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Product Overview

1.1.  Market Definition

1.2.  Scope of the Market

1.2.1.    Markets Covered

1.2.2.    Years Considered for Study

1.2.3.    Key Market Segmentations

2.    Research Methodology

2.1.  Baseline Methodology

2.2.  Key Industry Partners

2.3.  Major Association and Secondary Sources

2.4.  Forecasting Methodology

2.5.  Data Triangulation & Validation

2.6.  Assumptions and Limitations

3.    Executive Summary

4.    Voice of Customers

5.    Global 3D Printing Market Outlook

5.1.  Market Size & Forecast

5.1.1.    By Value

5.2.  Market Share & Forecast

5.2.1.    By Printer Type (Desktop and Industry-grade)

5.2.2.    By Component (Hardware, Software and Services)

5.2.3.    By Technology (Stereo Lithography, Fused Deposition Modeling, Electron Beam Melting, Digital Light Processing, and Selective Laser Sintering)

5.2.4.    By Material Type (Metal, Plastic, and Ceramics)

5.2.5.    By End User (Automotive, Aerospace, and Defense, Healthcare, Construction and Architecture, Energy, and Food)

5.2.6.    By Region

5.3.  By Company (2022)

5.4.  Market Map

6.    North America 3D Printing Market Outlook

6.1.  Market Size & Forecast

6.1.1.    By Value

6.2.  Market Share & Forecast

6.2.1.    By Component

6.2.2.    By Printer Type

6.2.3.    By Technology

6.2.4.    By Process

6.2.5.    By Vertical

6.2.6.    By Country

6.3.  North America: Country Analysis

6.3.1.    United States 3D Printing Market Outlook

6.3.1.1.        Market Size & Forecast

6.3.1.1.1.     By Value 

6.3.1.2.        Market Share & Forecast

6.3.1.2.1.           By Component

6.3.1.2.2.           By Printer Type

6.3.1.2.3.           By Technology

6.3.1.2.4.           By Process

6.3.1.2.5.           By Vertical

6.3.2.    Canada 3D Printing Market Outlook

6.3.2.1.        Market Size & Forecast

6.3.2.1.1.     By Value 

6.3.2.2.        Market Share & Forecast

6.3.2.2.1.           By Component

6.3.2.2.2.           By Printer Type

6.3.2.2.3.           By Technology

6.3.2.2.4.           By Process

6.3.2.2.5.           By Vertical

6.3.3.    Mexico 3D Printing Market Outlook

6.3.3.1.        Market Size & Forecast

6.3.3.1.1.     By Value 

6.3.3.2.        Market Share & Forecast

6.3.3.2.1.           By Component

6.3.3.2.2.           By Printer Type

6.3.3.2.3.           By Technology

6.3.3.2.4.           By Process

6.3.3.2.5.           By Vertical

7.    Asia-Pacific 3D Printing Market Outlook

7.1.  Market Size & Forecast

7.1.1.    By Value

7.2.  Market Share & Forecast

7.2.1.    By Component

7.2.2.    By Printer Type

7.2.3.    By Technology

7.2.4.    By Process

7.2.5.    By Vertical

7.2.6.    By Country

7.3.  Asia-Pacific: Country Analysis

7.3.1.    China 3D Printing Market Outlook

7.3.1.1.        Market Size & Forecast

7.3.1.1.1.     By Value 

7.3.1.2.        Market Share & Forecast

7.3.1.2.1.           By Component

7.3.1.2.2.           By Printer Type

7.3.1.2.3.           By Technology

7.3.1.2.4.           By Process

7.3.1.2.5.           By Vertical

7.3.2.    India 3D Printing Market Outlook

7.3.2.1.        Market Size & Forecast

7.3.2.1.1.     By Value 

7.3.2.2.        Market Size & Forecast

7.3.2.2.1.           By Component

7.3.2.2.2.           By Printer Type

7.3.2.2.3.           By Technology

7.3.2.2.4.           By Process

7.3.2.2.5.           By Vertical

7.3.3.    Japan 3D Printing Market Outlook

7.3.3.1.        Market Size & Forecast

7.3.3.1.1.     By Value 

7.3.3.2.        Market Size & Forecast

7.3.3.2.1.           By Component

7.3.3.2.2.           By Printer Type

7.3.3.2.3.           By Technology

7.3.3.2.4.           By Process

7.3.3.2.5.           By Vertical

7.3.4.    South Korea 3D Printing Market Outlook

7.3.4.1.        Market Size & Forecast

7.3.4.1.1.     By Value 

7.3.4.2.        Market Size & Forecast

7.3.4.2.1.           By Component

7.3.4.2.2.           By Printer Type

7.3.4.2.3.           By Technology

7.3.4.2.4.           By Process

7.3.4.2.5.           By Vertical

7.3.5.    Australia 3D Printing Market Outlook

7.3.5.1.        Market Size & Forecast

7.3.5.1.1.     By Value 

7.3.5.2.        Market Share & Forecast

7.3.5.2.1.           By Component

7.3.5.2.2.           By Printer Type

7.3.5.2.3.           By Technology

7.3.5.2.4.           By Process

7.3.5.2.5.           By Vertical

8.    Europe 3D Printing Market Outlook

8.1.  Market Size & Forecast

8.1.1.    By Value

8.2.  Market Share & Forecast

8.2.1.    By Component

8.2.2.    By Printer Type

8.2.3.    By Technology

8.2.4.    By Process

8.2.5.    By Vertical

8.2.6.    By Country

8.3.  Europe: Country Analysis

8.3.1.    Germany 3D Printing Market Outlook

8.3.1.1.        Market Size & Forecast

8.3.1.1.1.     By Value 

8.3.1.2.        Market Share & Forecast

8.3.1.2.1.           By Component

8.3.1.2.2.           By Printer Type

8.3.1.2.3.           By Technology

8.3.1.2.4.           By Process

8.3.1.2.5.           By Vertical

8.3.2.    United Kingdom 3D Printing Market Outlook

8.3.2.1.        Market Size & Forecast

8.3.2.1.1.     By Value 

8.3.2.2.        Market Share & Forecast

8.3.2.2.1.           By Component

8.3.2.2.2.           By Printer Type

8.3.2.2.3.           By Technology

8.3.2.2.4.           By Process

8.3.2.2.5.           By Vertical

8.3.3.    France 3D Printing Market Outlook

8.3.3.1.        Market Size & Forecast

8.3.3.1.1.     By Value 

8.3.3.2.        Market Share & Forecast

8.3.3.2.1.           By Component

8.3.3.2.2.           By Printer Type

8.3.3.2.3.           By Technology

8.3.3.2.4.           By Process

8.3.3.2.5.           By Vertical

8.3.4.    Italy 3D Printing Market Outlook

8.3.4.1.        Market Size & Forecast

8.3.4.1.1.     By Value 

8.3.4.2.        Market Share & Forecast

8.3.4.2.1.           By Component

8.3.4.2.2.           By Printer Type

8.3.4.2.3.           By Technology

8.3.4.2.4.           By Process

8.3.4.2.5.           By Vertical

8.3.5.    Spain 3D Printing Market Outlook

8.3.5.1.        Market Size & Forecast

8.3.5.1.1.     By Value 

8.3.5.2.        Market Share & Forecast

8.3.5.2.1.           By Component

8.3.5.2.2.           By Printer Type

8.3.5.2.3.           By Technology

8.3.5.2.4.           By Process

8.3.5.2.5.           By Vertical

9.    South America 3D Printing Market Outlook

9.1.  Market Size & Forecast

9.1.1.    By Value

9.2.  Market Share & Forecast

9.2.1.    By Component

9.2.2.    By Printer Type

9.2.3.    By Technology

9.2.4.    By Process

9.2.5.    By Vertical

9.2.6.    By Country

9.3.  South America: Country Analysis

9.3.1.    Brazil 3D Printing Market Outlook

9.3.1.1.        Market Size & Forecast

9.3.1.1.1.     By Value 

9.3.1.2.        Market Share & Forecast

9.3.1.2.1.           By Component

9.3.1.2.2.           By Printer Type

9.3.1.2.3.           By Technology

9.3.1.2.4.           By Process

9.3.1.2.5.           By Vertical

9.3.2.    Argentina 3D Printing Market Outlook

9.3.2.1.        Market Size & Forecast

9.3.2.1.1.     By Value 

9.3.2.2.        Market Share & Forecast

9.3.2.2.1.           By Component

9.3.2.2.2.           By Printer Type

9.3.2.2.3.           By Technology

9.3.2.2.4.           By Process

9.3.2.2.5.           By Vertical

9.3.3.    Colombia 3D Printing Market Outlook

9.3.3.1.        Market Size & Forecast

9.3.3.1.1.     By Value 

9.3.3.2.        Market Share & Forecast

9.3.3.2.1.           By Component

9.3.3.2.2.           By Printer Type

9.3.3.2.3.           By Technology

9.3.3.2.4.           By Process

9.3.3.2.5.           By Vertical

10. Middle East & Africa 3D Printing Market Outlook

10.1.             Market Size & Forecast

10.1.1.     By Value

10.2.             Market Share & Forecast

10.2.1. By Component

10.2.2. By Printer Type

10.2.3. By Technology

10.2.4. By Process

10.2.5. By Vertical

10.2.6. By Country

10.3.             Middle East & Africa: Country Analysis

10.3.1. Saudi Arabia 3D Printing Market Outlook

10.3.1.1.     Market Size & Forecast

10.3.1.1.1.   By Value 

10.3.1.2.     Market Share & Forecast

10.3.1.2.1.         By Component

10.3.1.2.2.         By Printer Type

10.3.1.2.3.         By Technology

10.3.1.2.4.         By Process

10.3.1.2.5.         By Vertical

10.3.2. South Africa 3D Printing Market Outlook

10.3.2.1.     Market Size & Forecast

10.3.2.1.1.   By Value 

10.3.2.2.     Market Share & Forecast

10.3.2.2.1.         By Component

10.3.2.2.2.         By Printer Type

10.3.2.2.3.         By Technology

10.3.2.2.4.         By Process

10.3.2.2.5.         By Vertical

10.3.3. UAE 3D Printing Market Outlook

10.3.3.1.     Market Size & Forecast

10.3.3.1.1.   By Value 

10.3.3.2.     Market Share & Forecast

10.3.3.2.1.         By Component

10.3.3.2.2.         By Printer Type

10.3.3.2.3.         By Technology

10.3.3.2.4.         By Process

10.3.3.2.5.         By Vertical

11. Market Dynamics

11.1. Drivers

11.2. Challenges

12. Market Trends & Developments

13. Company Profiles

13.1.     Stratasys Ltd   

13.1.1.               Business Overview

13.1.2.               Key Revenue and Financials

13.1.3.               Recent Developments

13.1.4.               Key Personnel

13.1.5.               Key Product/Services

13.2.     3D Systems Corporation    

13.2.1.               Business Overview

13.2.2.               Key Revenue and Financials

13.2.3.               Recent Developments

13.2.4.               Key Personnel

13.2.5.               Key Product/Services

13.3.     EOS GmbH     

13.3.1.               Business Overview

13.3.2.               Key Revenue and Financials

13.3.3.               Recent Developments

13.3.4.               Key Personnel

13.3.5.               Key Product/Services

13.4.     General Electric Company (GE Additive)  

13.4.1.               Business Overview

13.4.2.               Key Revenue and Financials

13.4.3.               Recent Developments

13.4.4.               Key Personnel

13.4.5.               Key Product/Services

13.5.     Sisma SPA   

13.5.1.               Business Overview

13.5.2.               Key Revenue and Financials

13.5.3.               Recent Developments

13.5.4.               Key Personnel

13.5.5.               Key Product/Services

13.6.     ExOne Co.

13.6.1.               Business Overview

13.6.2.               Key Revenue and Financials

13.6.3.               Recent Developments

13.6.4.               Key Personnel

13.6.5.               Key Product/Services

13.7.     SLM Solutions Group AG   

13.7.1.               Business Overview

13.7.2.               Key Revenue and Financials

13.7.3.               Recent Developments

13.7.4.               Key Personnel

13.7.5.               Key Product/Services

13.8.     Proto Labs Inc.  

13.8.1.               Business Overview

13.8.2.               Key Revenue and Financials

13.8.3.               Recent Developments

13.8.4.               Key Personnel

13.8.5.               Key Product/Services

13.9.     Hewlett Packard Inc.  

13.9.1.               Business Overview

13.9.2.               Key Revenue and Financials

13.9.3.               Recent Developments

13.9.4.               Key Personnel

13.9.5.               Key Product/Services

13.10.   Nano Dimernsion Ltd 

13.10.1.            Business Overview

13.10.2.            Key Revenue and Financials

13.10.3.            Recent Developments

13.10.4.            Key Personnel

13.10.5.            Key Product/Services

14. Strategic Recommendations

15. About Us & Disclaimer

Figures and Tables

Frequently asked questions

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The North American region is expected to dominate the 3D printing market as the area has dominated when it comes to technology adoption.

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Stratasys Ltd, 3D Systems Corporation, EOS GmbH, General Electric Company (GE Additive), Sisma SPA, ExOne Co., SLM Solutions Group AG, Proto Labs Inc., Hewlett Packard Inc., Nano Dimernsion Ltd are the major market players in the Global 3D Printing Market.

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The main drivers of the Global 3D Printing Market are Emerging applications of 3D printing technology in automotive, printed electronics, jewelry, and education fields and Global government investment in 3D printing projects.

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The main challenges of the Global 3D Printing Market are Lack of standardized testing methods to verify mechanical properties of 3D printing materials and high cost of raw materials and High Initial Cost.

profile

Sakshi Bajaal

Business Consultant
Press Release

Global 3D Printing Market to be Dominated by Selective Laser Sintering Segment in the Forecast Period

Aug, 2023

Global 3D Printing Market is expected to grow due to Emerging applications of 3D printing technology in automotive and Growing 3D Technology Investments by Manufacturers during the forecast period of