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 2025-2032

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

3D Printing Market Dynamics

3D Printing Market Drivers

Growing Consumerism in the Automotive Industry

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.

3D Printing Market Restraints

High Cost of Materials

3D printing is a convenient but expensive way to manufacture products due to high material cost which is a major limiting factor for market growth. These high standards are due to the accuracy and composition required for 3D printing. The average cost of metal materials for 3D printing is USD 500.0 per kg which makes it very difficult to use in general applications because the end-product costs are very high as compared to sales.

3D Printing Market Report Snapshots

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3D Printing Market size was valued at USD 20.65 Billion in 2023 and is poised to grow from USD 25.46 Billion in 2024 to USD 135.99 Billion by 2032, growing at a CAGR of 23.3% during the forecast period (2025-2032).

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.

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.

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3D Printing Market Dynamics

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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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