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Industrial 3D Printing Market

Industrial 3D Printing Market Size, Share & Segment by Offering (Printers, Software, Materials, Services), by Process (Binder Jetting, Powder Bed Fusion, Direct Energy Deposition, Material Extrusion, Vat Photopolymerization, Material Jetting, Sheet Lamination), by technology (Sterorlithography, Polyjet Printing, Digital Light Processing (DLP), Direct Metal Laser Sintering (DMLS), Laser Metal Deposition (LMD), Selective Laser Sintering (SLS), Electron Beam Melting (EBM), Fused Modelling Deposition (FDM), Inkjet Printing, Laminated Object Manufacturing (LOM), Others), by Application(Manufacturing, Prototyping, High Voltage), by industry (Automotive, Food & Culinary, Foundry & Forging, Jewelry, Consumer Goods, Aerospace & Defense, Printed Electronics, Healthcare, Oil & Gas, Others), and by Regions | Global Market Forecast 2022-2028

Report Id: SNS/SEMI/1617 | June 2022 | Region: Global | 125 Pages

Report Scope & Overview:

Industrial 3D Printing Market Size was valued at USD 2.2 billion in 2021 and is expected to reach USD 7.8 billion by 2028, and grow at a CAGR of 19.9% over the forecast period 2022-2028.

Industrial 3D printing technology changes from prototyping to high volume production. Bulk production using 3D printing can significantly reduce marketing time by eliminating common tool methods and cutting lead times on prototypes and end-use components. The 3D industrial printing market is divided based on supply, process, technology, application, industry, and location. These market segments are also analyzed on the basis of market trends in the regions considered in this study.

Industrial 3D Printing Market Revenue Graph

MARKET DYNAMICS:

KEY DRIVERS

  • Growing focus on High-Volume manufacturing using 3D printing technology.

RESTRAINTS

  • Huge capital requirement for additive manufacturing.

OPPORTUNITIES

  • Industry 4.0 includes smart manufacturing.

CHALLENGES

  • Contrary Impact of large-scale 3D printing on Environment.

IMPACT OF COVID-19: 

COVID-19 has had a severe impact on the global economy as well as all industries. To stop the plague from spreading, governments in several countries have established borders. The initial phase of the epidemic's global shutdown in many countries has had a significant influence on people's lives and quality of life. As a result, the global supply chain has been shattered. The global economy has shrunk as commodity demand has decreased considerably. Due to the outbreak, which has caused a lack of immature materials, production in all industries has been slowed. Productivity declines are caused by variables such as depreciation and supply chain disruption. 

COVID-19 epidemic, a deadly respiratory disease that began in China, has now become a global phenomenon and has affected the industrial 3D printing market. Many 3D printers have been affected by this issue. Thus, the market by 2020 has dropped by 14-15% since 2019. Market players have seen supply chain disruptions in 3D printers on all sides of demand and supply. Several industry experts are optimistic that the COVID-19 epidemic will begin to decline in FY 2021. Opinions from various industry experts belonging to different categories of value chains, are being considered -ecosystem of 3D printing industry, including market downturn between 2019–2020. However, the market is will recover from 2021 and remain in the growth phase during the forecast period.

Based on Offering, the industrial 3D printing market is subdivided into Printers, Software, Materials and Services. Among this printer’s sector is forecasted to hold the largest share in the industrial 3D printing market.

The printers are expected to hold the largest share of the industrial 3D printing market at the time of forecasting. When the 3D printer was first introduced, it seemed newer than the working tool. However, with lower costs and technological advances, the consumer base of 3D printers has grown significantly. They are used in professional printing, to produce lightweight and complex cases of high-value products, from airplanes to race cars. The growth of the print component can be attributed to the changing concept of 3D printing and its emergence as a growing production solution.

Based on Process, industrial 3D printing market is subdivided into Binder Jetting, Powder Bed Fusion, Direct Energy Deposition, Material Extrusion, Vat Photopolymerization, Material Jetting and Sheet Lamination. Among this Powder bed fusion process sector is to dominate market during the forecasting.

The powder bed fusion component is expected to hold the largest share in the 3D industrial printing market at the time of forecasting as it is one of the most common 3D printing processes used for further industrial production (AM). Selective laser sintering (SLS) for plastics and selective laser melting (SLM) for metals are two of the most popular procedures within this segment. The main advantage of powder bed fusion over other procedures does not require support structures as the powder bed around the sections provides the necessary support when working with plastic and its corresponding outlet. In this process, the components do not require removal of the support during processing.

COMPETITIVE LANDSCAPE:

The key players in Industrial 3D Printing Market are the Stratasys, Materialise, Protolabs, Nano Dimension, 3D Systems, ExOne, HP, CleenGreen3D, Desktop, Metal, Carbon, Markforged, GE Additive, Voxeljet, SLM Solutions, Optomec, Covestro, TRUMPF, EOS, Renishaw, Ultimaker and Other.

MARKET SEGMENTATION:

BY OFFERING

  • Printers

  • Software

  • Materials

  • Services

BY PROCESS

  • Binder Jetting

  • Powder Bed Fusion

  • Direct Energy Deposition

  • Material Extrusion

  • Vat Photopolymerization

  • Material Jetting

  • Sheet Lamination

BY TECHNOLOGY

  • Sterorlithography

  • Polyjet Printing

  • Digital Light Processing (DLP)

  • Direct Metal Laser Sintering (DMLS)

  • Laser Metal Deposition (LMD)

  • Selective Laser Sintering (SLS)

  • Electron Beam Melting (EBM)

  • Fused Modelling Deposition (FDM)

  • Inkjet Printing

  • Laminated Object Manufacturing (LOM)

  • Others

BY APPLICATION

  • Manufacturing

  • Prototyping

  • High Voltage

BY INDUSTRY

  • Automotive

  • Food & Culinary

  • Foundry & Forging

  • Jewelry

  • Consumer Goods

  • Aerospace & Defense

  • Printed Electronics

  • Healthcare

  • Oil & Gas

  • Others

Industrial 3D Printing Market Segment Pie Chart

REGIONAL ANALYSIS:

North America is estimated to lead the industrial 3D printing market at the time of forecasting. The presence of several well-established market players contributes to regional market growth. Several major industries opt for 3D printing to develop new products using a new combination of materials, shapes, and structures; to reduce production costs for producing smaller batch; achieve faster production; and reducing material wastage. Aerospace & defense and automotive are the most widely used 3D printing industries in the region. The demand for high power and lightweight components in the aerospace industry and the protection and increasing production of electric vehicles have further enhanced the demand for 3D printed metal parts. The growing demand for high-performance materials, the growing use of 3D printing parts, and the widespread adoption and production of products based on 3D printing technology are fueling the growth of the 3D industrial printing industry in North America.

REGIONAL COVERAGE:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • South Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

 

Industrial 3D Printing Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 2.2 Billion
Market Size by 2028 US$ 7.8 Billion
CAGR CAGR of 6.7% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • by Offering (Printers, Software, Materials, Services)
• by Process (Binder Jetting, Powder Bed Fusion, Direct Energy Deposition, Material Extrusion, Vat Photopolymerization, Material Jetting, Sheet Lamination)
• by technology (Sterorlithography, Polyjet Printing, Digital Light Processing (DLP), Direct Metal Laser Sintering (DMLS), Laser Metal Deposition (LMD), Selective Laser Sintering (SLS), Electron Beam Melting (EBM), Fused Modelling Deposition (FDM), Inkjet Printing, Laminated Object Manufacturing (LOM), Others)
• by Application(Manufacturing, Prototyping, High Voltage)
• by industry (Automotive, Food & Culinary, Foundry & Forging, Jewelry, Consumer Goods, Aerospace & Defense, Printed Electronics, Healthcare, Oil & Gas, Others)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Stratasys, Materialise, Protolabs, Nano Dimension, 3D Systems, ExOne, HP, CleenGreen3D, Desktop, Metal, Carbon, Markforged, GE Additive, Voxeljet, SLM Solutions, Optomec, Covestro, TRUMPF, EOS, Renishaw, Ultimaker and Other.
Key Drivers • Growing focus on High-Volume manufacturing using 3D printing technology.
Restraints • Huge capital requirement for additive manufacturing.


Frequently Asked Questions (FAQ) :

The market size will be expected to reach USD 7.8 billion by 2028, and grow at a CAGR of 19.9% over the forecast period 2022-2028.

Growing focus on High-Volume manufacturing using 3D printing technology is the one of the driving factors of the Industrial 3D Printing Market.

COVID-19 epidemic, a deadly respiratory disease that began in China, has now become a global phenomenon and has affected the industrial 3D printing market. Many 3D printers have been affected by this issue. Thus, the market by 2020 has dropped by 14-15% since 2019. Market players have seen supply chain disruptions in 3D printers on all sides of demand and supply.

Top-down research, bottom-up research, qualitative research, quantitative research, and Fundamental research.

Manufacturers, Consultants, Association, Research Institutes, private and university libraries, suppliers, and distributors of the product.


Table of Contents

 

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

4. Impact Analysis

4.1 COVID 19 Impact Analysis

4.2 Impact of Ukraine-Russia War

 

5. Value Chain Analysis

 

6. Porter’s 5 forces model

 

7.  PEST Analysis

  

8. Industrial 3D Printing Market Segmentation, by offering

8.1Introduction

8.2 Printers

8.3 Software

8.4 Materials

8.5 Services

 

9. Industrial 3D Printing Market Segmentation, by process

9.1 Introduction

9.2 Binder Jetting

9.3 Powder Bed Fusion

9.4 Direct Energy Deposition

9.5 Material Extrusion

9.6 Vat Photopolymerization

9.7 Material Jetting

9.8 Sheet Lamination

 

10. Industrial 3D Printing Market Segmentation, by technology

10.1 Introduction

10.2 Sterorlithography

10.3 Polyjet Printing

10.4 Digital Light Processing (DLP)

10.5 Direct Metal Laser Sintering (DMLS)

10.6 Laser Metal Deposition (LMD)

10.7 Selective Laser Sintering (SLS)

10.8 Electron Beam Melting (EBM)

10.9 Fused Modelling Deposition (FDM)

10.11 Inkjet Printing

10.12 Laminated Object Manufacturing (LOM)

10.13 Others

 

11. Industrial 3D Printing Market Segmentation, by application

11.1 Introduction

11.2 Manufacturing

11.3 Prototyping

11.4 High Voltage

 

12. Industrial 3D Printing Market Segmentation, by industry

12.1 Introduction

12.2 Automotive

12.3 Food & Culinary

12.4 Foundry & Forging

12.5 Jewelry

12.6 Consumer Goods

12.7 Aerospace & Defense

12.8 Printed Electronics

12.9 Healthcare

12.10 Oil & Gas

12.11 Others

 

13. Regional Analysis

13.1 Introduction

13.2 North America

13.2.1 USA

13.2.2 Canada

13.2.3 Mexico

13.3 Europe

13.3.1 Germany

13.3.2 UK

13.3.3 France

13.3.4 Italy

13.3.5 Spain

13.3.6 The Netherlands

13.3.7 Rest of Europe

13.4 Asia-Pacific

13.4.1 Japan

13.4.2 South Korea

13.4.3 China

13.4.4 India

13.4.5 Australia

13.4.6 Rest of Asia-Pacific

13.5 The Middle East & Africa

13.5.1 Israel

13.5.2 UAE

13.5.3 South Africa

13.5.4 Rest

13.6 Latin America

13.6.1 Brazil

13.6.2 Argentina

13.6.3 Rest of Latin America

 

14 Company Profiles

14.1 3D Systems

14.1.1 Financial

14.1.2 Products/ Services Offered

14.1.3 SWOT Analysis

14.1.4 The SNS view

14.2 Stratasys

14.3 Materialise

14.4 Protolabs

14.5 Nano Dimension

14.6 ExOne

14.7 HP

14.8 CleenGreen3D

14.9 Desktop Metal

14.10 Carbon

14.11 Markforged

14.12 GE Additive

14.13 Voxeljet

14.14 SLM Solutions

14.15 Optomec

14.16 Covestro

14.17 TRUMPF

14.18 EOS

14.19 Renishaw

14.20 Ultimaker

14.21 Other

 

15 Competitive Landscape

15.1 Competitive Benchmark

15.2 Market Share analysis

15.3 Recent Developments

 

16 Conclusion

 

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Secondary Research

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