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3D Printing Market Size - Global Industry, Share, Analysis, Trends and Forecast 2022 - 2030

Published : Mar 2023

Report ID: ARC1611

Pages : 250

Format : 3D Printing Market Size - Global Industry, Share, Analysis, Trends and Forecast 2022 - 2030

The Global 3D Printing Market Size accounted for USD 17.0 Billion in 2021 and is estimated to achieve a market size of USD 87.2 Billion by 2030 growing at a CAGR of 20.1% from 2022 to 2030.

3D Printing Market Report Key Highlights

  • Global 3D printing market revenue is poised to garner USD 87.2 billion by 2030 with a CAGR of 20.1% from 2022 to 2030
  • North America 3D printing market value occupied more than USD 5.8 billion in 2021
  • Asia-Pacific 3D printing market growth will record a CAGR of around 20% from 2022 to 2030
  • Among component, the solution sub-segment generated around 60% share in 2021
  • Based on technology, the transportation and logistics sub-segment generated around US$ 1.9 billion revenue in 2021
  • Personalized services and adoption of cybersecurity are popular 3D Printing market trends that fuels the industry demand

Global 3D Printing Market Dynamics

3D printing refers to the process of making a three-dimensional solid object from a digital file or computer-aided design (CAD) model. It is also called desktop fabrication, additive printing, or additive manufacturing because the creation takes place by laying down many thin layers of material until the object is created. Various process is carried out for the development of the object, which includes Powder Bed Fusion, Material Extrusion, Vat Photopolymerization, Material Jetting, Binder Jetting, Directed Energy Deposition, and Sheet Lamination. Desktop and industrial 3D printers are used for printing. Furthermore, in the healthcare sector, 3D printing is used in the form of bioprinting, where bioprinters use a computer-guided pipette to layer living cells which is referred to as the bio-ink. It is used to create artificial living tissues in medical laboratories. In automotive, 3D printing is used for the manufacturing of plastic parts which are cheaper and have short production time in-house, especially for complex bodies. 3D printing in aerospace is majorly used by engineers for making rapid prototyping, tooling, and easier and cost-efficient part manufacturing.

3D Printing Market Opportunities

Global 3D Printing Market Dynamics

Market Drivers

  • Advancements in 3D printing technology
  • Increased adoption in various industries
  • Customization and personalization

Market Restraints

  • Limited material selection
  • High initial investment costs

Market Opportunities

  • Government initiatives and funding
  • Rising demand for prototyping and rapid manufacturing
  • Growing adoption of aerospace and defense applications

3D Printing Market Report Coverage

Market 3D Printing Market
3D Printing Market Size 2021 USD 17.0 Billion
3D Printing Market Forecast 2030 USD 87.2 Billion
3D Printing Market CAGR During 2022 - 2030 20.1%
3D Printing Market Analysis Period 2018 - 2030
3D Printing Market Base Year 2021
3D Printing Market Forecast Data 2022 - 2030
Segments Covered By Component, By Printer Type, By Technology, By Material, By Application, By Vertical, And By Geography
Regional Scope North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
Key Companies Profiled 3D Systems, Arcam AB, Autodesk, Inc., Hoganas AB, Organovo Holdings, Inc., Optomec, Inc., Ponoko Limited, Stratasys Ltd, The ExOne Company, and Voxeljet AG.
Report Coverage
Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Covid-19 Analysis, Regulation Analysis

3D Printing Market Insights

The benefits associated with 3D printing for the manufacturers such as prototyping, product development, innovation, and time-to-market are primarily driving the market growth. The ongoing commercialization of the technology to expand the market share and also to offer advanced products in the market is accelerating the market growth. Increasing government investments & ongoing R&D in 3D printing technology across the globe are further propelling the market value. The ease in the development of customized products with less manufacturing cost and process downtime is also boosting the market value.

However, capital-intensive technologies and high material prices are the concern associated with 3D printing, which is expected to hamper the growth over the forecast period. In addition, the unavailability of standard process controls in the market is further likely to hinder growth during the forecast period. Whereas, untapped industry verticals, such as printed electronics and 3D printing underwater is likely to create potential opportunities over the forecast period.

3D Printing Market Growth 2022 - 2030

3D Printing Market Segmentation

The worldwide 3D printing market is split based on component, printer type, technology, material, application, vertical, and geography.

3D Printing Components

  • Hardware
  • Software
  • Services

3D Printing Market Insights

In terms of revenue, the 3D printing market is dominated by hardware. 3D printers, scanners, and other hardware components are included. With a market share of around 56% in 2021, the hardware segment accounted for the majority of the 3D printing market.

The second-largest segment of the 3D printing market is software. Design software, simulation software, and other software components are included. In 2021, the software segment will account for approximately 28% of the 3D printing market. In 2021, services such as 3D printing services and maintenance accounted for the remaining 16% of the 3D printing market.

3D Printing Printer Types

  • Desktop 3D Printer
  • Industrial 3D Printer

Industrial 3D printers are typically larger and more expensive than desktop 3D printers and are used for manufacturing and production applications. With a market share of around 68% in 2021, the industrial 3D printer segment accounted for the largest share of the 3D printing market. Desktop 3D printers, on the other hand, are smaller, less expensive, and used more frequently for hobbyist and educational purposes. While the desktop 3D printer segment has grown rapidly in recent years, it will account for a smaller market share in 2021, with a market share of around 32%. While desktop 3D printers have been seeing significant growth and adoption in recent years, the industrial 3D printer segment remains the revenue leader.

3D Printing Technologies

  • Stereolithography
  • Fuse 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

3D Printing Market Drivers

On the basis of technology, the Fused Deposition Modelling (FDM) segment accounted for the highest share in the year 2018. The segment is having the largest share due to its affordability to build durable and stable parts in industries including automotive, consumer goods, and aerospace among others. The advancement in technology has resulted in the development of low-cost FDM solutions, which is an important factor fueling market growth.

3D Printing Material

  • Polymer
  • Metal
  • Ceramic

As per the 3D printing market forecat, the polymer materials will dominate the 3D printing market in terms of market share from 2022 to 2030. This is because polymer materials are widely used in both desktop and industrial 3D printing, and they are relatively inexpensive when compared to other materials. Polymer materials are used in a wide range of applications, including prototyping, product development, and even low-volume production.

Metal materials are also a significant segment of the 3D printing market, especially in industrial applications that require high strength and durability. Metal 3D printing is widely used in industries such as aerospace, automotive, and healthcare, where metal components are critical to product performance and safety. Metal 3D printing is more costlier than polymer 3D printing, but it has distinct advantages such as high strength, corrosion resistance, and the capacity to create complex geometries.

3D Printing Applications

  • Prototyping
  • Tooling
  • Functional Parts

The application that has traditionally dominated the 3D printing market is prototyping, and it remains a significant segment. 3D printing is an excellent technology for quickly and affordably producing prototypes, allowing engineers and designers to test and modify their designs before investing in costly tooling or production runs.

Tooling is another application area for 3D printing, particularly in the manufacturing industry. Molds, jigs, fixtures, and other tooling components can be created quickly and accurately using 3D printing, reducing lead times and costs when compared to traditional manufacturing methods.

As 3D printing technology improves and new materials become available, functional parts are a growing segment of the 3D printing market. Functional parts can be used in a variety of applications that require high-performance parts, such as aerospace, automotive, and medical.

3D Printing Verticals

  • Industrial 3D Printing
    • Automotive
    • Aerospace & Defense
    • Healthcare
    • Consumer Electronics
    • Industrial
    • Power & Energy
    • Others
  • Desktop 3D Printing
    • Educational Purpose
    • Fashion & Jewelry
    • Objects
    • Dental
    • Food
    • Others

According to the 3D printing industry analysis, industrial 3D printing dominates the 3D printing market in terms of revenue. Manufacturing and production applications for industrial 3D printers include aerospace, automotive, healthcare, and consumer goods. Industrial 3D printers are typically bigger and cost more than desktop 3D printers, but they have the ability to produce high-quality, high-precision parts at scale.

Desktop 3D printing, on the other hand, is a rapidly expanding market segment in the 3D printing industry. Desktop 3D printers are smaller and less expensive, and they are more frequently used for hobbyist and educational purposes, as well as small-scale prototyping and production.

3D Printing Market Regional Outlook

North America

  • U.S.
  • Canada

Europe

  • U.K.
  • Germany
  • France
  • Spain
  • Rest of Europe

Asia-Pacific

  • India
  • Japan
  • China
  • Australia
  • South Korea
  • Rest of Asia-Pacific

Latin America

  • Brazil
  • Mexico
  • Rest of Latin America

The Middle East & Africa

  • South Africa
  • GCC Countries
  • Rest of the Middle East & Africa (ME&A)

On the basis of region, the global 3D printing market is studied across the region of North America, Europe, Latin America, Asia Pacific, and the Middle East and Africa. From the aforementioned segment, North America accounted for the largest market share due to a series of new product launches, mergers, and acquisitions. Additionally, the continuous evolution of new technologies in various applications across the sectors including automotive, healthcare, consumer electronics, and aerospace & defense among others is further favoring the regional market growth. Apart from these, Asia Pacific is expected to experience significant growth over the forecast period. The market is gaining pace owing to rising government initiatives, funding in research and development, and the presence of an extensive industrial base.

3D Printing Market Players

Some of the top 3D printing companies offered in the professional report include 3D Systems, Arcam AB, Autodesk, Inc., Hoganas AB, Organovo Holdings, Inc., Optomec, Inc., Ponoko Limited, Stratasys Ltd, The ExOne Company, and Voxeljet AG.3D Printing Market Regional Analysis

Frequently Asked Questions

What was the market size of the global 3D printing in 2021?

The market size of 3D printing was USD 17.0 Billion in 2021.

What is the CAGR of the global 3D printing market from 2022 to 2030?

The CAGR of 3D printing is 20.1% during the analysis period of 2022 to 2030.

Which are the key players in the 3D printing market?

The key players operating in the global market are including advancements in 3D printing technology, increased adoption in various industries, and customization and personalization.

Which region dominated the global 3D printing market share?

North America held the dominating position in 3D printing industry during the analysis period of 2022 to 2030.

Which region registered fastest CAGR from 2022 to 2030?

Asia-Pacific region exhibited fastest growing CAGR for market of 3D printing during the analysis period of 2022 to 2030.

What are the current trends and dynamics in the global 3D printing market?

The current trends and dynamics in the 3D printing industry include increasing demand for fleet management solutions, growing demand for data analytics, and rising adoption of connected cars.

Which application held the maximum share in 2021?

The solution application held the maximum share of the 3D printing industry.

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