Report Scope & Overview:
Industrial 3D Printing Market Size was valued at USD 2.63 billion in 2022 and is expected to reach USD 11.26 billion by 2030, and grow at a CAGR of 19.9% over the forecast period 2023-2030.
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.
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
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
| Report Attributes | Details |
|---|---|
| Market Size in 2022 | US$ 2.63 Billion |
| Market Size by 2030 | US$ 11.26 Billion |
| CAGR | CAGR of 6.7% From 2023 to 2030 |
| Base Year | 202 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| 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. |
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
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
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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