USD 2.5 billion
Industrial 3D Printing Market Size, Share, Growth Analysis, By Offering (Hardware, Software), By Process (Binder Jetting, Direct Energy Deposition), By Technology, By Application, By Industry, By Region - Industry Forecast 2025-2032
Report ID:
SQMIG20I2253 |
Region:
Global |
Published Date: November, 2024
Pages:
166
|Tables:
121
|Figures:
71
Industrial 3D Printing Market Insights
Industrial 3D Printing Market size was valued at USD 3.2 Billion in 2023 and is poised to grow from USD 3.87 Billion in 2024 to USD 17.65 Billion by 2032, growing at a CAGR of 20.9% during the forecast period (2025-2032).
The growing proliferation of advanced technologies in the industrial sector and faster turnaround times of 3D printing are forecasted to primarily bolster the demand for industrial 3D printing over the coming years. Advancements in 3D printing technology are also slated to play a vital role in determining future market development. The rising adoption of automation and other advanced manufacturing techniques in the industrial sector will also uplift the sales of industrial 3D printing products going forward. Low waste, better profitability, and less margin of error are some key benefits that could promote the adoption of industrial 3D printing across the forecast period and beyond. Rapidly increasing industrialization and high demand for efficient high volume production techniques could also favor the industrial 3D printing market growth in the long run.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
3D Printers
Fastest Growth
3D Printing Services
Growth Rate
20.9% CAGR
Global Industrial 3D Printing Market ($ Bn)
Country Share for North America Region (%)
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Industrial 3D Printing Market Segmental Analysis
Global Industrial 3D Printing Market is segmented by Offering, Process, Technology, Application, Industry and region. Based on Offering, the market is segmented into Hardware, Software and Services. Based on Process, the market is segmented into Binder Jetting, Direct Energy Deposition, Technology Extrusion, Technology Jetting, Powder Bed Fusion, Sheet Lamination, Vat Photopolymerization. Based on Technology, the market is segmented into Sterorlithography, Fused Modelling Deposition (FDM), Selective Laser Sintering (SLS), Direct Metal Laser Sintering (DMLS), Polyjet Printing, Inkjet Printing, Electron Beam Melting (EBM), Laser Metal Deposition (LMD), Digital Light Processing (DLP), Laminated Object Manufacturing (LOM), Others. Based on Application, the market is segmented into Prototyping, Manufacturing. Based on Industry, the market is segmented into Automotive, Aerospace & Defense, Food & Culinary, Printed Electronics, Foundry & Forging, Healthcare, Jewellery, Oil & Gas, Consumer Goods, Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Analysis by Component
3D printers account for a massive share of the global industrial 3D printing marketplace. This high market share can be linked to the fact that 3D printers are the most important part of any 3D printing process. Increasing development of new 3D printers with advanced technologies and their rising adoption in industrial settings contributes to their high market share.
However, the demand for 3D printing services is slated to increase at a rapid pace across the forecast period. Growing use of 3D printing services to maintain the components of industrial 3D printing and surging adoption of advanced manufacturing services in different industry verticals.
Analysis by End User
The automotive segment is projected to account for a massive chunk of the global industrial 3D printing marketplace across the forecast period. Surging focus on improving automotive production capacity and rising sales of vehicles around the world is forecasted to help this segment dominant the global industrial 3D printing demand outlook. Increasing demand for lightweight complex materials is also slated to promote the adoption of 3D printing in the automotive industry over the coming years. Growing popularity of electric vehicles and hybrids could also uplift the sales of industrial 3D printing products in the future.
Meanwhile, the demand for industrial 3D printing in the electrical and electronics industry is slated to increase at a rapid pace. Growing focus on 3D printed electronics to satisfy the rapidly surging demand for semiconductors around the world is estimated to be the key factor driving market growth via this segment. Advancements in printed electronics technology could also change the global industrial 3D printing market growth trajectory in the long run.
Global Industrial 3D Printing Market By Component
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Industrial 3D Printing Market Regional Insights
North America is estimated to be a highly lucrative space for industrial 3D printing providers as it accounts for a high market share in the global landscape. The presence of key 3D printing providers in this region coupled with rapid adoption of advanced 3D printing technologies allows North America to lead the global industrial 3D printing product sales. The United States is forecasted to spearhead the demand for industrial 3D printing in North America followed by Canada over the coming years.
On the other hand, the Asia Pacific regional market for industrial 3D printing is slated to emerge as the fastest-growing one across the forecast period. This rapid growth can be attributed to the presence of key automotive and electronics manufacturers in this region. Growing adoption of advanced technologies to improve manufacturing capacity is also estimated to create new opportunities for industrial 3D printing companies in the future. China, Japan, and India are slated to be the top markets in this region.
Global Industrial 3D Printing Market By Region
- Largest
- Fastest
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Industrial 3D Printing Market Dynamics
Drivers
- Emphasis on High Volume Production
Rapidly expanding world population has also resulted in a surge in demand for different products, which is why industries are focusing on improving their large-scale high volume production capabilities. This is what is promoting the demand for industrial 3D printing and driving market growth as well.
- Growing Demand for Complex and Lightweight Components
Different industry verticals such as automotive are driving up the demand for complex lightweight components, which are easily deliverable by using industrial 3D printing solutions thereby driving market development potential as well.
Restraints
- High Capital Requirement
Deploying industrial 3D printing requires huge initial capital investment and this might not be possible for small and medium industries operating on a tight budget. These high costs impede the adoption of industrial 3D printing globally.
- Material Limitations
Only few materials can be used for 3D printing applications owing to different characteristics and properties of concerned materials. Industrial 3D printing providers can focus on investing in material advancements to overcome material limitations and boost market growth in the future.
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Industrial 3D Printing Market Competitive Landscape
Leading industrial 3D printing providers are focusing on investing in R&D to develop new technologies and expand their product portfolio. Companies are also incorporating advanced technologies such as artificial intelligence and machine learning to improve the productivity scope of their products. Collaborations, partnerships, and mergers will be popular strategies for industrial 3D printing market players looking to expand their market presence and gain a competitive edge over other companies. Metal 3D printing, multi-material printing, and large-scale additive manufacturing are some important trends that industrial 3D printing companies should keep a close eye on going forward.
Top Player’s Company Profiles
- Stratasys
- 3D Systems
- Materialise
- EOS GmbH
- Monotech Systems Ltd
- Desktop Metal (ExOne)
- Voxeljet
- Nikon AM AG.
- HP
- Optomec
- Groupe Gorgé
- Renishaw
- Höganäs
- Covestro
- Protolabs
- BASF (Sculpteo)
- Siemens
- Carbon
- Markforged
- Nano Dimension
Recent Developments
- In June 2023, BCN3D, a renowned supplier of 3D printing solutions, announced the launch of its new industrial printer. The Omega I60 is a fused filament fabrication 3D printer designed for large-scale industrial applications.
- In November 2023, Stratasys, a leading name in additive manufacturing, showcased its new fused deposit modeling 3D printer at an event called Formnext.
- In March 2024, Stratasys announced that it teamed up with NASA to test industrial 3D printing on the Moon. This experiment is sponsored by Northrop Grumman Corporation.
Industrial 3D Printing Key Market Trends
- Adoption of Smart Manufacturing Techniques: Increasing proliferation of technology in different industries around the world has led to the high adoption of smart manufacturing techniques to optimize production and improve profit margins. Growing adoption of smart manufacturing practices could offer many new opportunities for industrial 3D printing companies in the long run.
Industrial 3D Printing Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per Skyquest analysis, the high focus on the improvement of manufacturing practices in industries and advancements in 3D printing technology are slated to primarily drive industrial 3D printing market development across the forecast period. However, the high initial costs required to set up industrial 3D printing are projected to be a major restraint for market growth in the future. North America is estimated to account for a massive share of the global industrial 3D printing demand outlook owing to the quick adoption of advanced manufacturing technologies and the presence of key industrial 3D printing providers. The growing adoption of smart manufacturing practices around the world will also create new opportunities for industrial 3D printing companies in the long run.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 2.5 billion |
| Market size value in 2031 | USD 14.6 billion |
| Growth Rate | 20.9% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Industrial 3D Printing Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Industrial 3D Printing Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Industrial 3D Printing Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Industrial 3D Printing Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Industrial 3D Printing Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Industrial 3D Printing Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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