The 3D Printing market was valued at $13.22 billion in 2020 and is projected to reach $93.97 billion by 2030, registering a CAGR of 22.1% from 2021 to 2030. 3D printing employs a computer-aided design technology to generate a three-dimensional application or item using a stacking process.
The growth of the 3D printing market is majorly driven by government investments in 3D printing projects coupled with ease in the development in customized products. Furthermore, a reduction in manufacturing cost and process downtime is anticipated to drive the growth of the market. However, lack of standard process control, limited availability, and high cost associated with 3D printing materials act as prime restraints of the market. On the contrary, the rise in utilization of 3D printing in healthcare sectors and applications in various industries paired with improved manufacturing processes are anticipated to provide lucrative opportunities for the expansion of the 3D printing industry during the forecast period.
The 3D printing market is segmented into technology, application, and country. Depending on technology, the market is segregated into stereolithography (SLA), selective laser sintering (SLS), electron beam melting (EBM), fused deposition modeling (FDM), laminated object manufacturing (LOM), and others. On the basis of application, it is categorized into consumer electronics, industrial, aerospace, automotive, healthcare, defense, education & research, and others. Region-wise, the market trends are analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, France, and the rest of Europe), Asia-Pacific (China, Japan, India, and the rest of the Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
The key players operating in the market include 3D Systems, Arcam AB, Autodesk Inc., Stratasys Ltd., The ExOne Company, Optomec, Inc., Organovo Holdings, Inc., Protolabs, Voxeljit AG, and Hoganas AB.
The growth of the 3D printing market is majorly driven by government investments in 3D printing projects coupled with ease in the development in customized products. Furthermore, a reduction in manufacturing cost and process downtime is anticipated to drive the growth of the market. However, lack of standard process control, limited availability, and high cost associated with 3D printing materials act as prime restraints of the market. On the contrary, the rise in utilization of 3D printing in healthcare sectors and applications in various industries paired with improved manufacturing processes are anticipated to provide lucrative opportunities for the expansion of the 3D printing industry during the forecast period.
The 3D printing market is segmented into technology, application, and country. Depending on technology, the market is segregated into stereolithography (SLA), selective laser sintering (SLS), electron beam melting (EBM), fused deposition modeling (FDM), laminated object manufacturing (LOM), and others. On the basis of application, it is categorized into consumer electronics, industrial, aerospace, automotive, healthcare, defense, education & research, and others. Region-wise, the market trends are analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, France, and the rest of Europe), Asia-Pacific (China, Japan, India, and the rest of the Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
The key players operating in the market include 3D Systems, Arcam AB, Autodesk Inc., Stratasys Ltd., The ExOne Company, Optomec, Inc., Organovo Holdings, Inc., Protolabs, Voxeljit AG, and Hoganas AB.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the 3d printing market analysis from 2020 to 2030 to identify the prevailing 3d printing market opportunities.
- Market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network.
- An in-depth analysis of the 3d printing market forecast segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global 3d printing market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Technology
- Stereolithography (SLA)
- Selective laser sintering (SLS)
- Electron beam melting (EBM)
- Fused deposition modeling (FDM)
- Laminated object manufacturing (LOM)
- Others
By Application
- Consumer Electronics
- Industrial
- Aerospace
- Automotive
- Healthcare
- Defense
- Education and research
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- United Kingdom
- Germany
- France
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players
- 3D Systems Corp.
- Arcam AB
- Stratasys Ltd.
- Autodesk, Inc.
- Optomec, Inc
- Organovo Holdings, Inc.
- Protolabs
- Voxelijet AG
- Hoganas AB
- ExOne Company
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: NORTH AMERICA 3D PRINTING MARKET, BY TECHNOLOGY
CHAPTER 5: NORTH AMERICA 3D PRINTING MARKET, BY APPLICATION
CHAPTER 6: NORTH AMERICA 3D PRINTING MARKET, BY REGION
CHAPTER 7: COMPANY LANDSCAPE
CHAPTER 8: COMPANY PROFILES
LIST OF TABLES
LIST OF FIGURES
Executive Summary
According to this report titled, '3D Printing Market, by Technology, Application, and Region: Opportunity Analysis and Industry Forecast, 2021-2030,' the 3D printing market was valued at $13.2 billion in 2020 and is estimated to reach $94.0 billion by 2030, growing at a CAGR of 22.1% from 2021 to 2030.3D printing, commonly known as assistive printing technology, is an enhanced manufacturing process designed to enable users to create models utilizing a wide range of printing materials. Polymers, metals, ceramics, and other materials are among the materials utilized in 3D printing. Moreover, the printing medium chosen is determined by the characteristics of the printed product as well as the region of application. Certain 3D printers can create models using various materials at the same time, which simplifies the production process. In addition, the uses of 3D printing service have grown rapidly as it provides better speed, higher precision, and finer resolution.
The growth of the 3D Printing market is majorly driven by government investments in 3D printing projects coupled with ease in development in customized products. Furthermore, a reduction in manufacturing cost and process downtime is anticipated to drive the growth of the market. However, lack of standard process control and limited availability &high cost associated with 3D printing materials act as prime restraints of the market. On the contrary, the rise in utilization of 3D printing in healthcare sectors and applications in various industries paired with improved manufacturing processes are anticipated to provide lucrative opportunities for the expansion of the 3D Printing industry during the forecast period.
According to the 3D Printing market analysis, the consumer electronics segment was the highest contributor to the 3D printing solutions in 2020 due to the surge in the adoption of IoT applications. The consumer electronics and automotive segments collectively accounted for around 40.2% 3D printing market share in 2020.
The outbreak of COVID-19 has significantly impacted the growth of the 3D Printing market, owing to a significant impact on prime market players. Conversely, the rise in demand for 3D printer filament and resin 3D printer applications has escalated the demand for 3D printing solutions in North America during the pandemic. However, the lack of availability of a professional workforce due to partial and complete lockdown implemented by governments restrained the growth of the 3D Printing market during a pandemic. On the contrary, the healthcare sector globally started to deploy digital printing solutions, which is expected to boost the 3D Printing market size post-pandemic.
Region-wise, North America, especially U.S., holds a significant share in the 3D Printing market owing to the presence of prime players. The adoption of next-generation 3D technology across prime sectors has strengthened the growth of the 3D Printing industry in this region. Moreover, the surge in demand for 3D printing solutions in the healthcare sector is anticipated to drive the 3D Printing market growth.
Key findings of the Study
- In 2020, the stereolithography segment accounted for maximum revenue and is projected to grow at a notable CAGR of 22.6% during the forecast period.
- The consumer electronics and automotive segments together accounted for around 40.2% of the 3D Printing market trends in 2020.
- The defense segment is projected to grow at a CAGR of 24.9% during the forecast period.
- North America contributed for the major share in the 3D Printing market, accounting for more than 49.6% share in 2020.
Companies Mentioned
- 3D Systems Corp.
- Arcam AB
- Stratasys Ltd.
- Autodesk, Inc.
- Optomec, Inc
- Organovo Holdings, Inc.
- Protolabs
- Voxelijet AG
- Hoganas AB
- ExOne Company
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 312 |
| Published | March 2022 |
| Forecast Period | 2020 - 2030 |
| Estimated Market Value ( USD | $ 13.22 billion |
| Forecasted Market Value ( USD | $ 93.97 billion |
| Compound Annual Growth Rate | 21.7% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
