What is the global market size of 3D Printing Market?

3D Printing Market size was valued at USD 13.58 billion in 2021 and is poised to grow from USD 16.75 billion in 2022 to USD 110.29 billion by 2030, growing at a CAGR of 23.3% in the forecast period (2023-2030).

Who are the key vendors in the Global 3D Printing Market?

The 3D printing market is highly fragmented due to the presence of various small & medium-sized 3D printing manufacturers as well as other established major giants and emerging start-ups. Some well-established players 3D Systems and Stratasys, Ltd. holds a market share of more than 10% in the global 3D printing market. 'Stratasys Ltd.', '3D Systems Corporation', 'EOS GmbH', 'Materialise NV', 'Concept Laser GmbH', 'Arcam AB', 'SLM Solutions Group AG', 'Renishaw plc', 'Ultimaker B.V.', 'EnvisionTEC GmbH', 'XYZprinting, Inc.', 'Höganäs AB', 'Optomec Inc.', 'Voxeljet AG', 'Mcor Technologies Ltd.', 'Carbon Inc.', 'Desktop Metal, Inc.', 'Nano Dimension Ltd.', 'Prodways Group', 'Beijing Tiertime Technology Co., Ltd.'

What is the key driver of Global 3D Printing Market?

Significant government and technology investments to promote 3D Printing market growth

What is the key market trend for Global 3D Printing Market?

Selective laser sintering (SLS) is the most preferred technology used in 3D printing. It is predicted to register the highest CAGR during the forecast period due to its numerous advantages over other technologies. As an alternative to the photosensitive resin used in stereolithography, SLS uses 12 powder nylon as raw material. Companies and research groups throughout the world have been recognized as using this material and technology to address issues such as the brittle quality of the resin when exposed to sunlight. Furthermore, SLS has been shown to be cost and material-friendly, as it does not require any dedicated support structure after printing. Furthermore, SLS has improved durability and may produce working parts or prototypes.

Which region accounted for the largest share in Global 3D Printing Market?

In 2021, North America dominated the market and generated more than 30% of global 3D printing market revenue. This is a result of additive manufacturing being widely used in the region. The US and Canada were among the leading and early users of these technologies in a variety of manufacturing processes. Europe is home to a number of industry participants in additive manufacturing that have extensive technical knowledge of the procedures. Hence, in 2021, the European 3D Printing market grew to become the second-largest regional market.

3D Printing Market Size, Share, Growth Analysis, By Type(Plastics, Metals, Ceramics, and Others), By End-users(Automotive, Aerospace & Defense, Industrial, Medical), By Software(Design Software, Inspection Software, Printer Software, and Scanning Software), By Technology(Stereolithography, Fused Deposition Modeling (FDM), Direct Metal Laser Sintering (DMLS), Selective Laser Sintering (SLS)), By Component(Hardware, Software, Services), By Region - Industry Forecast 2024-2031

Report ID: SQMIG45I2161 | Region: Global | Published Date: June, 2024
Pages: 157 | Tables: 187 | Figures: 79

3D Printing Market Regional Insights

North America is expected to dominate the market during the forecast period. The region accounts for approximately 23% of the global 3D printing materials sales value. Positive trends in the medical, aerospace and aerospace industries will drive the market growth in North America 3D printing adoption in many industries and enhanced material options will have potential growth. Measures taken by the US government to increase funding for research and development will increase the adoption of 3D printing materials and equipment in the region.

The Asia-Pacific is expected to emerge as the fastest growing market with extensive application in the healthcare industry. Rising inflow of 3D printed products from Japan, China and South Korea is expected to drive the market owing to favorable government regulations, large technology base and huge investment in R&D. Moreover, increasing demand from end-user segments such as automotive, defense, aerospace, and consumers is likely to propel the market growth throughout the forecast period.

3D Printing Market Report Snapshots

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3D Printing Market size was valued at USD 16.64 Billion in 2022 and is poised to grow from USD 20.65 Billion in 2023 to USD 110.29 Billion by 2031, growing at a CAGR of 23.3% in the forecast period (2024-2031).

The competitive environment of the Market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. Innovation is a key competitive factor. Leading brands invest in research and development to introduce new flavors, packaging formats, and health-focused variations to cater to changing consumer preferences. They often set the trends in the industry. 'Protolabs (United States) ', 'Arcam AB (Sweden) ', 'Voxeljet AG (Germany) ', 'ExOne Company (United States) ', 'Organovo Holdings, Inc. (United States) ', 'Autodesk, Inc. (United States) ', 'Hoganas AB (Sweden) ', 'Stratasys Ltd. (United States/Israel) ', '3D Systems Corporation (United States) ', 'XYZprinting, Inc. (Taiwan) ', 'Höganäs AB (Sweden) ', 'Optomec Inc. (United States) ', 'Mcor Technologies Ltd. (Ireland) ', 'Carbon Inc. (United States) ', 'Desktop Metal, Inc. (United States) ', 'Nano Dimension Ltd. (Israel) ', 'Prodways Group (France) ', 'Beijing Tiertime Technology Co., Ltd. (China) ', 'Ultimaker B.V. (Netherlands) ', 'EnvisionTEC GmbH (Germany)'

3D printing is increasingly used in the automotive industry to create scale models for testing purposes. They are also used for components, such as bellows, front bumpers, air conditioning ducting, suspension wishbones, dashboard interfaces, alternator mounting brackets, battery covers, etc. Automotive OEM manufacturers use 3D printing for rapid prototyping.

Education is one of the fastest growing sectors in the 3D printing market during the forecast period. Although the use of 3D printing in education is still in its infancy, many institutions have begun to set up 3D printing facilities. 3D printing technology is also transforming the traditional classroom. Engineering students can print samples of their designs; Biology students can research a cross-section of an organ, and graphic design students can 3D print their artwork. 3D printing is very useful in creating interactive maps to teach geography to students. Moreover, governments in various countries are investing heavily in 3D printing technology.

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3D Printing Market Regional Insights

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What is the global market size of 3D Printing Market?

Who are the key vendors in the 3D Printing Market?

What is the key driver of 3D Printing Market?

What is the key market trend for 3D Printing Market?

Which region accounted for the largest share in 3D Printing Market?

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