The global 3D printing market size is anticipated to reach at USD 31 billion by 2025. Factors such as the reduction in process downtime and manufacturing cost, the advancement of customized products, the development of advanced industry-grade additive manufacturing materials, and government investments within the 3D printing projects are promoting the industry growth in the past few years. Presently, the trend in additive manufacturing (3D printing) is switching from prototyping to functional part manufacturing in different verticals that include medical, automotive, consumer goods, aerospace, and more.
3D printing also called additive printing or desktop fabrication technology, enables manufacturers to develop objects through a digital file and different printing materials.
The size of the global market for 3D Printing is expected to reach $52.3 Billion by 2030, expanding at a compound annual growth rate (CAGR) of 22.3%.
The materials used in additive manufacturing include several types of metals, polymers, and ceramics. 3D printers provide methodologies that can produce complex design an apparent reality.
3d Printing Market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2030||$ 52.3 Billion|
|Growth Rate||CAGR of 22.3% during 2020-2030|
|Segment Covered||By Material, By Technology, By Operational Model, By Application, Region.|
|Regions Covered||North America, Europe, Asia Pacific, South America, Middle East and Africa|
|Key Players Profiled||MyMiniFactory (U.K.), Stratasys Ltd. (U.S.), Com, Inc. (U.S.), Canon Inc. (Japan), Arcam Group (Swedan), 3D Systems Corporation (U.S.), Envisiontec GmbH (Germany), Proto Labs (U.S.), HP Inc (U.S.), Graphene 3D Lab Inc. (U.S.), Formlab (U.S.), Shapeways (U.S.), 3D Hubs (Netherlands), Carbon 3D (U.S.), Ultimaker (Netherlands), Zortrax (Poland), Local Motors (U.S.), etc.|
Key Segment Of The 3D Printing Market
By Material (USD Billion)
By Technology, (USD Billion)
By Operational Model, (USD Billion)
• In House
• Service Provider
Regional Overview, (USD Billion)
• Rest of Europe
• Rest of Asia Pacific
• Rest of South America
Middle East and South Africa
Frequently Asked Questions (FAQ) :
Technological developments have extended manufacturing of nearly every possible subject for additive manufacturing: metal printing, automotive parts, sample architectures & constructions, energy production, prototypes of footwear, educational, food, drones & robotics, aeronautical approach, among others. Additionally, the limitless and continuous breakthrough in 3D has made a massive impact on the commercial as well as industrial field, thus, expanding the 3D printing economy.
The factors such as the reduction in errors, decrease in development time and cost, along with the ability to construct customized products are likely to drive the industry growth in the coming five to seven years. Moreover, growth in the applications of healthcare and different other industry verticals is anticipated to create potential prospects for the 3D printing industry. However, high investments and scarcity of skilled workforce are likely to hinder the market growth.
Based on the technology segment, the market is bifurcated into fused deposition modeling (FDM), selective laser sintering (SLS), direct metal laser sintering (DMLS), electron beam melting (EBM), PolyJet printing, inkjet printing, digital light printing (DLP), and others. In 2019, the direct metal laser sintering (DMLS) segment gathered the largest market revenue and it is anticipated to govern the 3D printing market throughout the forecast period. DMLS is used to produce intricate structures in industries such as automotive and aerospace for tolling & machinery parts. Cost-effective production, detailed resolution, as well as easy and quick handling are the key factors responsible for DMLS technology growth.
Based on the application, the market is segmented into automotive, aerospace & defense, healthcare, consumer electronics, power & energy, and others. The aerospace & defense sector is anticipated to contribute remarkably towards the 3D printing market growth due to the active implementation of the technology in different production methods within the vertical. On the other hand, the adoption of 3D printing technology is anticipated to grow at a significant rate within the healthcare sector from 2020 to 2025.
The global 3D printing market is a wide range to North America, Europe, APAC, South America, and the Middle East & Africa. North America is considered a mature market in 3D printing storage, owing to the significant presence of an organization with the availability of technical expertise and advanced IT infrastructure. The US and Canada are the highest contributory countries to the expansion of the 3D printing market in North America.
The major players of the global 3D printing market are Materialise, Stratsys, Ltd., EnvisionTec, Inc., GE Additive, 3D Systems, Inc., Made In Space, Autodesk Inc., Canon Inc., ExOne, and Voxeljet AG The 3D printing market is fragmented with the existence of well-known global and domestic players across the globe.