Global 3D Printing Market Insights Forecasts to 2032

• The Global 3D Printing Market Size was valued at USD 17.38 Billion in 2022.
• The Market is Growing at a CAGR of 18.5 % from 2022 to 2032
• The Worldwide 3D Printing Market Size is expected to reach USD 95.31 Billion by 2032
• Asia-Pacific is expected to Grow the fastest during the forecast period

 

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The Global 3D Printing Market Size is anticipated to exceed USD 7.80 Billion by 2032, growing at a CAGR of 18.5 % from 2022 to 2032.

 

The ease with which tailored products can be developed, the reduction in manufacturing costs and process downtime, government investment in additive manufacturing-based projects around the world, and the availability of a wide range of industrial-grade 3D printing materials are just a few of the factors driving the growth of the 3D printing industry.

 

Market Overview

3D printing is an additive manufacturing technology. It is 'additive' in the sense that it does not need a block of material or a mold to create physical objects; instead, it simply stacks and fuses layers of material. It's usually quick, has low fixed setup costs, and can produce more complex geometries than 'traditional' technologies, with an ever-expanding list of materials. It is widely used in the engineering industry, especially for prototyping and the creation of lightweight geometries. This technology allows the simple creation of bespoke geometric parts with no additional complexity. Because no extra material is used, 3D printing can be less expensive than subtractive manufacturing methods in some cases. The costs associated with this manufacturing process are relatively low because no moulds are required. The cost of a part is proportional to the amount of material used, the time required to construct the part, and any post-processing that may be required. Since the technology allows for small batches and in-house production, this process is ideal for prototyping, which means that products can be created faster than with more traditional manufacturing techniques and without reliance on external supply chains.

 

Report Coverage

This research report categorizes the market for the global 3D printing market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the 3D Printing market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the 3D Printing market.

 

Driving Factors

As it enables customization, reduces waste, and increases design flexibility, sustainability has become a significant market driver for the 3D printing industry. Material waste, energy efficiency, localized production, and reduced transportation are all benefits of 3D printing, also known as additive manufacturing. Technological advancements have had a significant impact on the 3D printing market by increasing capabilities, improving efficiency, and lowering costs. The aerospace industry has had an impact on the 3D printing market, influencing advancements and innovations in aerospace manufacturing. 3D printing technology allows for the creation of complex and customized parts that are lighter in weight, perform better, and have greater functionality.

 

Restraining Factors

High initial capital requirements are a major market restraint for the 3D printing industry, which focuses on creating three-dimensional objects by layering material. These expenses include the purchase of equipment, materials, R&D, infrastructure, skilled labor, regulatory compliance, and maintenance.

 

Market Segmentation

The Global 3D Printing Market share is classified into printer type, printing type, component, and end user.

 

• The industrial 3D printer is expected to grow fastest in the global 3D printing market during the forecast period.      

Based on printer type, the 3D printing market has been segmented into industrial 3D printers and desktop 3D printers. Among these, the industrial 3D printer segment is expected to grow fastest in the global 3D printing market during the forecast period. Industrial 3D printers are widely used in a variety of industries and industry verticals, including automotive, electronics, aerospace & defense, and healthcare, to perform common tasks such as prototyping, designing, and tooling. Given the widespread use of additive manufacturing for prototyping, design, and tooling, the industrial 3D printer segment is expected to maintain its market dominance over the forecast period.

 

• The stereolithography (SLA), infections segment is expected to grow at the highest pace in the global 3D printing market during the anticipated period.   

Based on the printing type, the global 3D printing market is divided into stereolithography (SLA), direct light processing (DLP), and continuous direct light processing (CDLP). Among these, stereolithography (SLA) segment  is expected to grow at the highest pace in the global 3D Printing market during the forecast period. Stereolithography is one of the oldest and most widely used printing technologies. Aside from the ease of operation, there are several other advantages associated with stereolithography that are encouraging its adoption. However, technological advancements and aggressive R&D efforts by industry experts and researchers are creating opportunities for a variety of other efficient and dependable technologies.

 

• The hardware dominates in the global 3D Printing market during the forecast period.   

Based on the components, the global 3D printing market is divided into software, hardware, and services. Among these, the hardware dominates in the global 3D Printing market during the forecast period. The growing importance of accelerated prototyping and innovative manufacturing practices has greatly benefited the hardware industry. The primary drivers of the hardware sector's expansion are rapid industrialization, rapid urbanization, rising popularity of consumer electronic devices, improved civil infrastructure, and reduced labor costs

 

• The automotive industry is expected to grow fastest in the global 3D printing market during the forecast period.      

Based on the end user, the global 3D printing market is divided automotive industry, residential, commercial, and infrastructure. Among these, the automotive industry dominates in the global 3D Printing market during the forecast period. In addition to the inherent weight and cost savings, the automotive industry is adopting 3D printing. It also enables rapid prototyping of new or customized parts for testing or small-scale production. For example, if a specific part is no longer available, it can be manufactured as part of a small, bespoke run, which includes the production of spare parts. Items or fixtures, on the other hand, can be printed overnight and ready for testing ahead of a larger manufacturing run.

 

Regional Segment Analysis of the Global 3D Printing Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

 

North America is anticipated to hold the largest share of the global 3D Printing market over the predicted timeframe.

 

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North America is projected to hold the largest share of the global 3D printing market over the predicted timeframe. Based on technological advancements, innovation, and entrepreneurship, North America dominates the 3D printing market. Aerospace, automotive, healthcare, and consumer goods industries, as well as the region's robust manufacturing sector, have embraced 3D printing technologies for prototyping, rapid tooling, and low-volume production. Universities and research institutions in North America have made significant contributions to 3D printing R&D, fostering an environment of innovation and knowledge sharing. The favorable regulatory environment, which includes policies and intellectual property laws, has also aided the growth of 3D printing companies.

 

Asia-Pacific is expected to grow the fastest in the global 3D printing market during the forecast period. The regional market's expansion can be attributed in part to the ongoing developments and upgrades pursued by the region's manufacturing industry incumbents. Asia Pacific is establishing itself as a manufacturing center for the automotive, healthcare, and consumer electronics industries. Rapid urbanization is also expected to play a significant role in driving three-dimensional printing adoption across the region over the forecast period.

 

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved in global 3D printing along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

 

List of Key Companies

• Stratasys, Ltd.
• Materialise NV
• EnvisionTec, Inc.
• 3D Systems, Inc.
• GE Additive
• Autodesk Inc.
• Made In Space
• Canon Inc.
• Voxeljet AG
• Optomec
• Groupe Gorgé
• Renishaw
• EOS GmbH
• Others

 

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

 

Recent Developments

• In July 2023, the company Creality, a 3D printer manufacturer based in Shenzhen, released the K1 Max 3D Printer, which is now available for $899. The K1 Max is intended to make high-quality 3D printing more accessible to a wider audience, with a printing speed of 600mm/s in just 0.03s and a build volume of 300x300x300mm. It has a quick Core XY architecture, a lightweight 190g printhead, and a 1080p AI camera for real-time monitoring and time-lapses. The K1 Max also includes AI LiDAR technology, which improves performance and accuracy.

 

• In July 2023, 3D Systems collaborated with SWANY, a well-known Japanese product design firm, to promote the use of large-format pellet extrusion 3D printing technology in Japan. SWANY is pleased to announce the October opening of a new demo center. This cutting-edge facility will house Japan's first 3D Systems EXT 1070 Titan Pellet 3D printer. The printer will show the capabilities of pellet-extrusion 3D printing for additive and subtractive manufacturing of large-format components.

 

This study forecasts revenue at global, regional, and country levels from 2020 to 2032. Spherical Insights has segmented the global 3D printing market based on the below-mentioned segments:

 

Global 3D Printing Market, By Printer Type

• Industrial 3D Printer
• Desktop 3D Printer

 

Global 3D Printing Market, By Printing Type

• Stereolithography (SLA)
• Direct Light Processing (DLP)
• Continuous Direct Light Processing (CDLP)

 

Global 3D Printing Market, By Component

• Software
• Hardware
• Services

 

Global 3D Printing Market, By End User

• Automotive Industry
• Residential
• Commercial
• Infrastructure

 

Global 3D Printing Market, By Region

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa