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3D Printing Market Research Report- Forecast 2030

3D Printing Market Research Report: Information By Component (Hardware, Software, and Services), By Printer Type (Desktop 3D Printer and Industrial 3D Printer), By Technology (Stereolithography, Fuse Deposition Modeling, Direct Metal Laser Sintering, Selective Laser Sintering, Inkjet Printing, Polyjet Printing, Laser Metal Deposition, Electron Beam Melting, Laminated Object Manufacturing, Digital Light Processing, and Others), By Software (Design Software, Inspection Software, Printer Software, and Scanning Software), By Application (Protot

ID: MRFR/SEM/0525-HCR | December 2022 | Region: Global | 110 Pages         

3D Printing Market

The 3d printing market has expectations to reach USD 52.3 Billion with a CAGR of 22.30% for the forecast period of 2022 to 2030

Segmentation

By Material Metal Polymer Nylon Ceramic
By Technology SLA DLP FDM SLS SLM EBM LOM
By Operational Model In-house Service Provider

Key Players

  • My MiniFactory (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.)
  • Shape ways (U.S.)
  • 3D Hubs (Netherlands)
  • Carbon 3D (U.S.)
  • Ultimaker (Netherlands)
  • Zortrax (Poland)
  • Local Motors (U.S.)

Drivers

  • Increased need for industrial 3d printing technologies
  • Increased customer demand
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3D Printing Market Overview


The global 3D printing market is projected to reach approximately USD 82.1 billion by 2030, at a CAGR of 23.9% from 2022 to 2030. A manufacturing process called 3D printing uses digital files to produce three-dimensional objects. By adding successive layers of material, additive techniques are utilized in 3D printing to produce items because of their excellent precision and resource-efficient design. 3D printing services and products, including resin 3D printers, 3D printer filament, and 3D printers, have become increasingly popular for creating customized goods. The industrial 3d printing market is anticipated to increase due to the aggressive three-dimensional printing research and development and the rising demand for prototype applications from different industrial verticals, particularly healthcare, automotive, aerospace, and military. Global shipments of 3D printers reached 2.2 million units in 2021, and by 2030, 21.5 million units are anticipated to be shipped. In terms of prototyping, designing the structure and final goods, modeling, and speed to market, 3D printing is advantageous for manufacturers. Because of the significant decrease in production costs, firms can sell superior items for less money. These advantages are anticipated to increase the demand for 3D printers in the upcoming years.


COVID-19 Impact Analysis


Industrial hubs and the manufacturing sectors immediately experienced supply chain disruptions and production halts as the COVID-19 crisis broke out. Due to the pandemic's rapid spread, industrial production as a whole fell precipitously all across the world. It was demobilized, reflecting the supply chain's disruption and restoring the financial markets' state. The crisis compelled market participants worldwide to cut back on operational expenses. The need for personal protective equipment, like face masks, shields, and ear straps, surged throughout the pandemic, which caused the healthcare sector for 3D printing to experience an unusual uptick. Additionally, there has been a rise in demand for regulators and venturi valves that help patients breathe.


Market Dynamics


Rapidly expanding digitization and increased usage of cutting-edge technologies like Industry 4.0, smart factories, robots, machine learning, and others are driving the demand for 3D printing for simulation purposes. These innovations increase the likelihood that this technology will be adopted and used more widely throughout industries, including aerospace, automotive, and healthcare. The use of additive manufacturing or 3D printing has altered many industrial processes, particularly in the manufacturing sector. The technology's unrivaled ability to accelerate time to market, reduce prices, and customize unique parts is encouraging innovation and the development of ground-breaking technologies. Due to the expanding spectrum of 3D printing applications across numerous industries, it is estimated that the market for 3D printing materials & equipment will grow throughout the projected period.


Drivers



  • Governments and IT giants have made considerable investments to support market expansion


The use of modern manufacturing methods is being drastically disrupted in several nations throughout the world by digital technology. Potential users of 3D technology include the US. Similarly, China is working very hard to keep the manufacturing sector competitive in the international market. Chinese firms tend to invest in the research and development of this technology because they perceive it as both a risk and an opportunity for the Chinese industrial economy. The UK government has created a stand-alone 3D technology policy, but Brexit-related uncertainties in the industrial sector are causing some concerns. Germany will likely develop new technology-related strategies as it has a well-established Industry 4.0.



  • Easy to create customized items

  • Lower manufacturing costs and less downtime for processes


Restraints:



  • High startup costs to limit market growth


The most significant barrier to this technology's adoption is its high initial costs. Investment includes technology, software, supplies, certification, education in additive manufacturing, and employee training. However, the makers are assisting the final consumers in reducing the high starting prices of 3D printing machines with the development of the industrial desktop 3D printer. Desktop printers are less expensive than 3-dimensional technology and simpler to operate and manage.



  • The size restriction on the goods

  • Absence of standardized process control


Opportunities:



  • A rise in healthcare supply demand as a result of the COVID-19 outbreak.


The emergence of the COVID-19 outbreak has had a significant impact on the healthcare sector globally. The producers of healthcare components have been compelled to concentrate on their production due to the rise in demand for masks, personal protective equipment, testing tools, and other medical goods. The increasing number of patients and the scarcity of raw materials to 3d print medical devices and personal protective equipment produced a tremendous disruption in the global supply chain. This has prompted manufacturers to look for substitutes that will enable the production of these components in large quantities while being just as effective as the original machinery.


Possibility to boost supply chain management and improve production processes


Segment Overview


By Component


Based on components, the global 3D printing market has been divided into hardware, software, and services. The hardware industry dominated the market in 2021. As the key companies expand their product portfolios and introduce new technologies to meet the high demand from various industrial verticals, the demand for hardware is rising. The software segment is anticipated to expand at a rapid CAGR throughout the projection period. 3D printing software is widely utilized in a variety of industry verticals to design the items and parts that will be printed.


By Printer Type


Based on printer type, the global 3D printing market has been divided into desktop 3D printers and industrial 3D printers. The widespread use of industrial printers in heavy industries, including automotive, electronics, aerospace and defense, and healthcare, can be blamed for the largest market share of industrial 3D printers in 2021. Some of the most popular industrial applications across these industry verticals include prototyping, designing, and tooling. However, in 2021, the desktop printer showed the fastest growth rate. At first, only enthusiasts and tiny businesses used desktop 3D printers. However, they are now extensively employed for domestic and household needs. Desktop printers are also used in the education sector, including universities, educational institutions, and schools, for technical training and research.


By Technology


Based on technology, the global market for 3D printing has been divided into fused deposition modeling, stereolithography, direct metal laser sintering, selective laser sintering, inkjet printing, polyjet printing, laser metal deposition, electron beam melting, laminated object manufacturing, digital light processing, and others. In 2021, the stereolithography segment held the top spot in worldwide revenue. The benefits and ease of use of stereolithography technology promote its adoption, technological advancements, and aggressive research and development activities carried out by industry experts and researchers create opportunities for many other effective and dependable technologies. Fused Deposition Modeling (FDM) accounted for a sizeable revenue share in 2021 due to the widespread implementation of the technology across numerous 3D printing processes. FDM is expanding primarily due to the advantages and simplicity of use that come with the technology.


By Software


Based on software, the global 3D printing market has been divided into inspection software, design software, printer software, and scanning software. In 2021, the design software market was the first in worldwide revenue. Particularly in the automotive, aerospace and military, construction, and engineering verticals, design software is utilized to create the designs of the thing to be printed. The growing practice of scanning items and saving scanned papers increased the demand for scanning software in 2021. The ability to store scanned images of objects, regardless of their size or dimensions, to produce 3-dimensional prints of these products as needed is anticipated to be driving the scanning software market during the forecast period.


By Application


Based on application, the global market for 3D printing has been divided into prototyping, tooling, and functional parts. In 2021, prototyping held the most significant market share. Businesses can produce end goods with higher consistency and precision by using prototypes. Computer-aided design (CAD) models and three-dimensional prototypes can be made using this technology. The market for functional parts grew by a sizable amount in 2021, in line with the rising demand for functional parts in design and construction.


By Vertical


Based on vertical, the global 3D printing market has been divided into automotive, industrial 3D printing, healthcare, aerospace & defense, consumer electronics, industrial, power & energy, educational purpose, desktop 3d printing, objects, fashion & jewelry, dental, food, and others. The automotive sector used this technology at its highest rate in 2021. The automotive industry has used this technology for years to build small custom goods and prototype machinery quickly. The method is frequently employed to create lightweight OEM and automotive components. The healthcare sector showed the second-highest growth rate. Through 3D printing technologies, several medical products are produced, including surgical instruments, prosthetics, implants, and tissue engineering devices. In addition, 3D-printed medical devices are employed in orthopedics, dentistry, and craniomaxillofacial surgery.


By Material


Based on material, the global market for 3D printing has been divided into polymer, metal, and ceramic. In 2021, the metal category dominated the 3D printing market. Additionally, it is estimated that the metal category will continue to lead during the forecast period and expand at the most significant CAGR. The ceramic material market expanded significantly in 2021. Since ceramic additive manufacturing is still relatively new, the demand for ceramic AM has increased due to increased R&D for 3DP technologies like FDM and inkjet printing.


Global 3D Printing Market Share, by Region, 2021 (%)

Regional Analysis


By region, the global 3D printing market has been categorized into Europe, Asia-Pacific, North America, and the Rest of the World. Asia-Pacific accounted for the most extensive market share. North America is projected to showcase the highest CAGR during the review period.


North America


The North American region dominated the 3D printing market as it has done with the adoption of technology. The National Aeronautics and Space Administration (NASA) and other government organizations have identified significant R&D investments that can advance space applications and produce new technologies that stimulate corporate growth. Smart clothing and fitness trackers are also anticipated to be essential drivers of 3D printing technology in the US. About 19% of broadband homes are thought to have wearable fitness devices. Additionally, the necessity to develop flexible bands and electronic systems that could be realized using 3D printing technology has been brought about by shifting customer preferences and a growing need for personalization, propelling its expansion.


Asia-Pacific


In 2021, Asia-Pacific developed at the most significant CAGR. Manufacturers in APAC have supported a growing interest in creating a sustainable 3D printing environment, and governments in the region have adopted several laws and legislative measures. According to the Japanese government's projections, the market for regenerative medicine is expected to reach JPY 1 trillion by 2030. Modern innovations like 3D bioprinting, according to the New Energy and Industrial Technology Development Organization (NEDO), may soon rule the market. Moreover, Asia-Pacific is becoming a manufacturing powerhouse for the healthcare and automobile industries. Rapid urbanization and dominance in consumer electronics manufacturing are other factors boosting 3D printing demand in the area.


Competitive Landscape


The market includes tier-1, tier-2, and local players. The tier-1 and tier-2 players have global reach with diverse product portfolios. Several businesses, including Canon Inc, GE Additive, 3D Systems, and Stratasys, compete in the worldwide 3D printing market thanks to their unique products, good financial standing, innovative strategic plans, and regional presence in various regions. The participants are focusing their efforts on promoting R&D. Additionally, they support strategic expansion activities, including product launches, joint ventures, and partnerships to expand their client base and boost their market position. For instance, in February 2022, Imaginarium collaborated with Ultimaker to launch a desktop and industrial 3D printer range in India. This collaboration will assist Ultimaker in expanding its business in India, where additive manufacturing is expected to reach a tipping point in the coming years. Furthermore, in November 2020, Materialise's 3D modeling software now included VR capabilities. Clinicians can 3D print anatomical models using the Mimics VR viewer, creating interactive models for teaching and training, patient engagement, physician communication, and anatomy visualization.


Prominent players in the global market for 3D printing include Materialise; Stratasys, Ltd.; EnvisionTec, Inc.; GE Additive; 3D Systems, Inc.; Made In Space; Autodesk Inc.; Canon Inc.; and Voxeljet AG.


Scope of the Report


Global 3D Printing Market, by Component



  • Hardware

  • Software

  • Services


Global 3D Printing Market, by Printer Type



  • Desktop 3D Printer

  • Industrial 3D Printer


Global 3D Printing Market, by Technology



  • Stereolithography

  • Fused Deposition Modeling

  • Selective Laser Sintering

  • Direct Metal Laser Sintering

  • Polyjet Printing

  • Inkjet Printing

  • Electron Beam Melting

  • Laser Metal Deposition

  • Digital Light Processing

  • Laminated Object Manufacturing

  • Others


Global 3D Printing Market, by Software



  • Design Software

  • Inspection Software

  • Printer Software

  • Scanning Software


Global 3D Printing Market, by Application



  • Prototyping

  • Tooling

  • Functional Parts


Global 3D Printing Market, by Vertical



  • Industrial 3D Printing

  • Automotive

  • Aerospace & Defense

  • Healthcare

  • Consumer Electronics

  • Industrial

  • Power & Energy

  • Others

  • Desktop 3D Printing

  • Educational Purpose

  • Fashion & Jewelry

  • Objects

  • Dental

  • Food

  • Others


Global 3D Printing Market, by Material



  • Polymer

  • Metal

  • Ceramic


Global 3D Printing Market, by Region



  • North America

    • Canada

    • Mexico

    • US



  • Europe

    • Germany

    • UK

    • Italy

    • Spain

    • France

    • Rest of Europe



  • Asia-Pacific

    • China

    • India

    • Japan

    • Australia and New Zealand

    • Rest of Asia-Pacific



  • Rest of the World

  • South America

    • Middle East

    • Africa




Objectives of the Study


The study's goals are outlined in five stages. They are listed below:


Market Size and Forecast:


To identify and estimate the worldwide 3D printing market size, by component, printer type, technology, software, application, vertical, and material, in terms of value (in US dollars). To comprehend how consumer demand would affect the 3D printing industry between 2022 and 2030,


Market Trends and Landscape:


To recognize and extrapolate the market's drivers, constraints, opportunities, and difficulties


Market Influencing Factors:


To ascertain the elements influencing customer purchases of 3D printing


Impact of COVID-19:


To recognize and comprehend the numerous elements in the pandemic-affected 3D printing market worldwide


Company Profiling:


To offer a thorough understanding of the key businesses active in the sector. The company's financial performance over the last two to three years will be profiled, along with regional and segmental revenue breakdowns, product offerings, current advancements, SWOT analyses, and important business initiatives.


Intended Audience



  • 3D Printer Producers

  • Raw Material Suppliers

  • Retailers, Wholesalers, and Distributors

  • Governments and Industrial Bodies

  • Production and Manufacturing Secto



Report Scope:

Report Attribute/Metric Details
  Market Size   USD 52.3 Billion
  CAGR   22.30% (2022-2020)
  Base Year   2021
  Forecast Period   2022-2020
  Historical Data   2020
  Forecast Units   Value (USD Billion)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Material, Technology, Operational Model, Application and Region
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   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 Market Opportunities   High adaptation of the advanced 3d technology
  Key Market Drivers

  • Increased need for industrial 3d printing technologies
  • Increased customer demand


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    Frequently Asked Questions (FAQ) :

    3D printing, simply put, is a type of manufacturing process that additively forms or builds 3D parts in layers from CAD data.

    Key players profiled in the 3D printing market include Formlab, Shapeways, 3D Hubs, Carbon 3D, Ultimaker, Zortrax, Local Motors, MyMiniFactory, Stratasys Ltd., Amazon.Com, Inc., Canon Inc., HP Inc, Graphene 3D Lab Inc., Beijing Tiertime Technology Co., Ltd., Shapeways, Inc., Wiivv Wearables Inc., The Argen Corporation, Materialise NV, The Exone Company, Arcam Group, 3D Systems Corporation, Envisiontec GmbH, Proto Labs, Optomec Inc., 3d ceram, Reprap among others.

    North America will lead the 3D printing market.

    Different materials used in 3D printing include ceramic, nylon, polymer, metal, and others.

    Recent technological developments and reduction in material wasted in manufacturing are the key factors driving the 3D printing market growth.

    3D printing refers to any manufacturing process which additively builds or forms 3D parts in layers from CAD data. The technology is significant because it offers direct manufacturing, which means a design goes directly from user to physical product through a computer and a printer

    In the Pharma and Medical, Consumer goods, Automotive and Aerospace, Plastics, Wholesale and Retail, Energy Logistics, Mechanical, and Plant Engineering, Electronics, and Transport