Industrial 3D Printing Market Size:

The Industrial 3D Printing Market Size was valued at USD 3.04 Billion in 2023 and is expected to reach USD 14.66 Billion by 2032 and grow at a CAGR of 19.12% over the forecast period 2024-2032.

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Industrial 3D printing is going through rapid developments and growth due to the increased uptake in different sectors like aerospace, automotive, health care, and construction. For the years 2023 and 2024, government policies within the U.S., Germany, and China are the primary reason for the upsurge in adoption of 3D printing technologies. For example, the US government has invested much in additive manufacturing initiatives with its primary position pointing on defense and infrastructure projects. Meanwhile, the European Union's "Additive Manufacturing Action Plan" has supported development further in this sector. The innovations come in multi-material printing, where AI is integrated into 3D printing systems and high-speed printing processes for increased accuracy, efficiency, and scalability. For instance, Backflip-an AI technology startup founded by some of the minds behind 3D printing firm Markforged-has emerged from stealth with USD 30 million in funding.

Industrial 3D printing sector has also experienced the release of the latest 3D printers this year 2023 that will print with high-performance and sustainable materials. The technological advancements have widened the applications where it has increased the complexity in aerospace parts, light car parts, and customized medical appliances such as implants and prosthetic limbs. More so, collaborations between the tech providers and the manufacturing firms accelerated innovation in making sure the technology addresses the problems in real-life industrial life.

Government support initiatives and collaboration with research centers have been major contributors to opportunities in additive manufacturing. For example, China has promoted smart manufacturing and the application of 3D printing in the industrial system; it has rapidly become a major contributor across various sectors. On the other hand, "Make in India" initiatives undertaken by the Indian government have increased domestic adoption of 3D printing to enhance manufacturing capabilities in the country.

The future of the industrial 3D printing market is sustainable manufacturing, as 3D printing reduces material wastage by up to 60% compared to traditional methods. The growth in lightweight and durable materials for automotive and aerospace applications will also contribute to significant growth. In addition, the use of 3D printing in construction for eco-friendly structures and in the medical sector for personalized healthcare solutions shows the versatility of the technology. Recently, LuxCreo Set to Enter the Medical Industry through FDA-Cleared 3D Printed Sleep Apnea Devices. As industries increasingly focus on customization, cost-efficiency, and environmentally friendly production methods, the industrial 3D printing market is ready for transformative and sustainable growth.

Industrial 3D Printing Market Dynamics

Key Drivers: 

• Customization capabilities drive industrial 3D printing demand.

Customization is one of the major benefits of industrial 3D printing, where it allows industries to produce complex, tailored components with unprecedented precision. For instance, in the health industry, 3D printing supports the development of patient-specific implants and prosthetics for better patient results.

For instance, Singapore University of Technology and Design, working with the Foot Care and Limb Design Centre at Tan Tock Seng Hospital, employed 3D printing to develop a "patient-specific" upper limb prosthetic. It is designed to be less expensive by 20% but much cosmetically friendly with a built-in self-locking mechanism.

In the auto industry, firms use 3D printing for the development of lightweight, yet efficient parts; this helps lower the weight of a vehicle up to 30%. These capabilities reduce costs, enhance performance, and offer competitive advantages, driving widespread adoption across diverse sectors.

• Sustainability initiatives boost industrial 3D printing adoption.

Sustainability has become an important aspect of industrial processes, and 3D printing has emerged as a green manufacturing solution. The technology reduces material waste because it deposits material only where necessary, cutting material wastage. Governments around the world are encouraging sustainable manufacturing, with policies such as the European Green Deal promoting additive manufacturing as an eco-friendly alternative.

In 2024, more than half of automotive and aerospace companies reported using 3D printing to achieve sustainability objectives, underlining its use in reducing environmental footprints. The alignment with global sustainability goals highly drives the demand for industrial 3D printing solutions.

Restrain:

• High up-front investment barriers in industrial 3D printing.

Industrial 3D printing offers many benefits. However, one of the key barriers to industrial 3D printing adoption is the high investment required in obtaining and setting up advanced 3D printers. In 2023, a typical industrial-grade 3D printer would cost between USD 100,000 and USD 500,000, with additional expenses such as software, training, and maintenance. SMEs are a significant portion of the world's manufacturing. These companies face difficulty in justifying such expenditures.

Furthermore, a lack of skilled personnel makes matters worse because training programs and special expertise require additional investments. Government grants and subsidies in North America and Europe cannot offset the capital-intensive nature of industrial 3D printing, especially in emerging markets. Making this restraint more viable will require collective efforts from the manufacturing, governmental, and education sectors to bring down the price and make it more accessible.

Industrial 3D Printing Market Key Segments

By Component

In 2023, the Hardware segment dominated the market with 68% market share due to the rising demand for advanced 3D printers in the aerospace and healthcare sectors. High-end machines are not only indispensable for manufacturing precise, reliable, and high-quality components but also critical applications such as aerospace engine parts and patient-specific medical implants. The ongoing demand for leading-edge hardware solutions points to 3D printers as the spine of industrial additive manufacturing processes, bringing unmatched accuracy and efficiency to a wide range of sectors.

The Software segment will grow at a pace of fastest CAGR 29.96% during the forecast period between 2024 and 2032. Here, the new developments in modelling, simulation, and design optimization are boosting efficiency as well as speeding up the entire production process for 3D modelling, simulation, and design optimization software.

By Technology

Stereolithography (SLA) technology dominated the Industrial 3D Printing Market in 2023, with 31% of market share, due to its high detail and smooth-finished prototype production. More applications of SLA in sectors such as dental, jewellery, and aerospace support its dominance.

SLA technology is poised to witness phenomenal growth with an estimated compound annual growth rate (CAGR) of 30.87% between 2024 and 2032. These developments in resin materials and increasing printing speeds will continue to make SLA increasingly efficient and versatile. The developments of resin formulations continue to enhance strength, accuracy, and versatility of application, while increasing the printing speeds will boost productivity across all sectors. SLA is fast becoming something that is being considered for healthcare, automotive, and consumer goods and is reshaping manufacturing with high-quality, rapid prototyping, and production solutions.

Industrial 3D Printing Market Regional Analysis

In 2023, North America dominated the Industrial 3D Printing Market with 37% of the market share, driven by robust investment in research and development and strong government support. This leadership is contributed to by the region's well-established manufacturing industries and early adoption of advanced technologies.

The Asia Pacific region, on the other hand, is expected to grow the fastest with a CAGR of 20.10% during the forecast period from 2024 to 2032, driven by increasing industrialization, supporting government initiatives, and growing demand for customized manufacturing solutions in countries like China, India, and Japan. Given the plans of global manufacturers to spread their bases in the Asia Pacific region, the region is expected to become a significant force in the Industrial 3D Printing Market.

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Key Players 

Some of the major players in the Industrial 3D Printing Market are  

• Stratasys (FDM 3D Printers, PolyJet Technology)

• 3D Systems (SLA Printers, SLS Printers)

• Materialise (Additive Manufacturing Software, On-demand 3D Printing)

• HP Inc. (Multi Jet Fusion Printers, Powder Bed Fusion Systems)

• GE Additive (Metal 3D Printers, Binder Jetting Systems)

• EOS GmbH (Powder Bed Fusion Systems, Metal and Polymer Materials)

• SLM Solutions (Selective Laser Melting Systems, Metal 3D Printing Services)

• Desktop Metal (Binder Jetting Printers, Metal 3D Printing)

• Formlabs (Resin-based SLA Printers, Dental 3D Printing Solutions)

• Renishaw (Metal Additive Manufacturing, Laser-based Printing)

• Ultimaker (Desktop 3D Printers, Material Alliance Program)

• Carbon (Digital Light Synthesis, High-Performance Resins)

• Markforged (Continuous Fiber Composite Printing, Metal X Printers)

• Voxeljet (Binder Jetting Technology, High-Speed Large-format Printers)

• ExOne (Binder Jetting Systems, Industrial-grade Printers)

• Proto Labs (On-Demand 3D Printing, Rapid Prototyping)

• Zortrax (Desktop 3D Printers, Filament Materials)

• XYZprinting (Affordable 3D Printers, Educational Solutions)

• FlashForge (Desktop 3D Printers, Entry-level Systems)

• Raise3D (Industrial-grade 3D Printers, Open Material Systems)

Major Suppliers (Components, Technologies)

• BASF (Polymers, Resins)

• Arkema (High-performance Polymers, Composite Materials)

• Evonik Industries (Powder-based Materials, Additive Manufacturing Polymers)

• Henkel (Adhesives, Resins for 3D Printing)

• Covestro (Thermoplastics, High-performance Materials)

• Sandvik (Metal Powders, Specialty Materials)

• Höganäs AB (Metal Powders, Alloy Materials)

• DSM Additive Manufacturing (Performance Resins, Polymers)

• Victrex (PEEK Materials, High-temperature Polymers)

Major Clients

• Boeing

• General Motors

• Siemens

• NASA

• BMW

• Ford

• Airbus

• Lockheed Martin

• Tesla

• Johnson & Johnson

Recent Trends

• December 2024: ArcelorMittal, leading steel manufacturer in Europe, to increase its applications of 3D printing by investing in the use of the F370® 3D printer within its research centre located in Maizières-lès-Metz, transforming its tooling and prototyping within its manufacturing operations, Stratasys announced.

• April 2024: Global software and services 3D printing company Materialise, and engineering technology company Renishaw today announced a strategic partnership to make the productivity and efficiency of metal 3D printing more productive for manufacturers. Through this strategic collaboration, Materialise's cutting-edge build processor software for next generation, designed particularly for Renishaw's Additive Manufacturing systems like RenAM 500 series, would be made accessible to the system's users.