3D Printing Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Component (Hardware, Software, Services, Material), By Technology (Vat Photopolymerization, Metal Extrusion, Material Jetting, Binder Jetting, Direct Energy Deposition, Powder Bed Fusion, Multi Jet Fusion, Sheet Lamination), By End-User (Healthcare, Automotive, Aerospace And Defence, Construction, Others), And By Geography - Forecasts From 2022 To 2027

Published:  Apr 2022 Report Code: KSI061610294 Pages: 250

The 3D Printing market was valued at US$10.459 billion in the year 2020 and is predicted to reach up to US$65.148 billion in the year 2027 at a CAGR of 29.86%. The 3D printing market is attributed to the growing demand for prototyping applications and the increasing demand for personalized products. Moreover, the entrance of the startups and the innovative ideas of key market players and these startups is another prominent factor accelerating the demand for 3D printing boosting its market globally.

Key driving factors: Growing demand for personalized and customized products expected to robust the market

Advancements in 3D printing and the availability of materials have increased the inclination towards the adoption of print-on-demand parts of personalized or customized functional products. This technology enables the production of products according to individual requirements and needs. The customized services provided by the companies include basic designs developed by the designers, which also allow customers to contribute to designing the products. Furthermore, the consistent advancements in the technology of 3D printing have reduced the costs of printers and made the availability of a range of materials which made the manufacturing of personalized products easy.

The arrival of many start-ups with the tough competition from the existing market players is another factor driving the 3D printing market. For instance, new market players such as HP, Digital Metal, Desktop Metal, and many others are giving competition to the existing key market players such as ExOne. The Sapphire 3D and Virtual Foundry have signed a partnership agreement for subtractive manufacturing and combined expertise for additives and have launched a bound metal 3D printing lab. Whereas an additive 3D printing startup Fortify has recently closed the USD 20 million equity off Cota Capital for the expansion in high-value spaces applications, and the transition to volume production of Flux Series 3D printers.

3D Printing Market Segmentation

The market is segmented by components, technology, and end-users. By component, the market is fragmented into software, hardware, services, plastics, materials, ceramics, and others. The software component is further segmented into CAD tools, Slicers, and others. In terms of share during the forecast period, the hardware component is projected to hold a significant share. Whereas, due to increasing demand for metal 3D printing technology, the metal hardware is predicted to show rapid growth and hold significant market share in upcoming years.

By technology the 3D printing market is segmented into material jetting, metal extrusion, Vat Photopolymerization, Powder Bed Fusion, Multi Jet Fusion, Direct Energy Deposition, and Sheet Lamination. Currently, metal binder jetting is showing significant growth due to its low cost faster than other technology. However, the powder bed fusion 3D printing is projected to hold a prominent market share during the forecast period primarily in the metal AM market. As a result of the competition between binder jetting and powder bed fusion markets, a new market is arising which is the compact metal 3D printing market. Many key market players consistently innovate new products to compete in this market.

By end-users, the market is segmented into Automotive, healthcare, aerospace and defense, construction, and others. The demand for 3D printing in lightweight vehicles manufacturing is growing for the reduction in their weight, boosting car performance, and increasing fuel efficiency. As a result, the automobile 3D printing market is projected to grow during the forecast period. Whereas the additive manufacturing sector is also estimated to show a potential to grow in upcoming years. The companies in the automotive industry have become aware of the advantages of 3D printing usage in the market, the companies are emphasizing the technological advancements in the same.  

Restraint

The lack of skilled labor, high research and development cost, and harmful emissions while the 3D printing process is the few factors that hinder the growth of the market. Due to the various regulations by the government regarding harmful emissions, the 3D printing practice is prevented in many countries. Furthermore, several new studies have been carried out on the toxic particles emitted during 3D printing. For instance, the Society for risk analysis annual meeting held in December 2020, reported a study stating that the particles emitted during the 3D printing can affect public health and indoor air quality. Hence, the companies are required to make use of non-toxic, less hazardous, and environment-friendly or low emission products. This requires research and development and can cost high, thus, not all companies can afford the same. Moreover, training in 3D printing also costs high, which is why there is a lack of skilled labor in the manufacturing of 3D printing products.

Recent developments

SOLIZE a 3D printing company and CAD a Japan-based company declared that they would use HP 3D printers to produce their spare parts for NISMO. For this, these companies have signed a long-term SLA with HP. Voxeel8 a Digital manufacturing has signed an agreement with ActiveLab a multi-material company that produces 3D printing systems. The agreement has been signed for the printing of the athletic shoe uppers, as these printers are capable to fabricate flexible elastomeric materials into textiles. Philips Lighting India now known as Signify Innovations India, has announced to set up two 3D printing manufacturing facilities in the country and in March 2021 has launched its first tailor-made 3D printed luminaires for commercial customers and industrial use. As this company is helping the economy and becoming self-reliant in the country with sustainable innovations, the company is getting support from the Indian Government.  

Whereas in January 2022, Materialise a 3D printing service provider, and Sigma Labs a software developer announced the development of a new platform that allows a real-time 3D printing correction of error. The unique setup developed by these two bodies enables users to identify the issue that arose after the fusion of alloy powders and allows them to address the same. During the same period, a leading rocket company based in California ordered 2 NXG XII 600s 3D printers from SLM Solution Group AG. These huge printers were ordered for the manufacturing or making space missions efficient by creating lighter, more affordable, more robust space components, and faster. Whereas, recently in February 2022, Ultimaker and CASTOR have announced integrating the former part screening software with the digital factory platform of the latter. The Digital factory solutions which are cloud-based, are designed to allow the users remote management of 3D printing systems.

Regional analysis: Asia-Pacific to witness growth during the forecast period.

The 3D printing market by Geography is segmented into South America, North America, Asia-Pacific, Middle East, and Africa. In the North American region, due to the advancement in technology, and the early adaptation of advanced technology by the US, the region is expected to hold a significant share in the global 3D printing market. Whereas Asia-Pacific is predicted to grow at a fast pace during the forecast period because of the growing population and rapid industrialization. The China government encourages the 3D printing action plans; hence China is one of the major drivers for the 3D printing market in this country. Whereas, India is taking time for accepting 3D printing except for medical devices. Constructions and some other sectors are still away from the 3D printing plans. The startup companies from this region are considering these factors by keeping in mind the accessibility and affordability of the advancement in technology.

COVID-19 Impact on 3D Printing Market:

The sudden outbreak of COVID-19 has affected several sectors all around the world. Due to the disrupted supply chain, the shutdown of retails, manufacturing, and many other reasons, it impacted the industrial sector severely. However, it has also created several opportunities for the field of the 3D printing market. For instance, in the field of Medical, it has created a demand for respirator devices, connectors, ventilator valves, non-invasive PEEP masks, testing devices, PPE kits, and isolation wards. This is due to the disrupted supply chain, but the advanced 3D printing technology came up with opportunities for the fulfillment of medical needs.

3D Printing Market Scope:

Report Metric Details
 The market size value in 2020  US$10.459 billion
 The market size value in 2027  US$65.148 billion
 Growth Rate  CAGR of 29.86% from 2020 to 2027
 Base year  2020
 Forecast period  2022–2027
 Forecast Unit (Value)  USD Billion
 Segments covered  Component, Technology, End-User, Geography
 Regions covered  North America, South America, Europe, Middle East, and Africa, Asia   Pacific
 Companies covered  Stratasys Ltd., The Exone Company, Ultimaker BV, Xjet, HP,   Materialise,  SLM   Solutions Group, Sciaky, Mcor Technologies Ltd,   Optomec, DWS,  3DCERAM   SINTO, Luxexcel Group, EnvisionTEC
 Customization scope  Free report customization with purchase

 

Segmentation:

  • By Component
    • Hardware
    • Software
      • CAD Tools
      • Slicers
      • Others
    • Services
    • Materials
      • Metals
        • By Type
          • Aluminum
          • Nickel
          • Steel
          • Others
        • By Form
          • Filament
          • Powder
          • Liquid
      • Plastic
        • By Type
          • PLA
          • PET
          • ABS
          • Others
        • By Form
          • Filament
          • Powder
          • Liquid
      • Ceramics
      • Others
  • By Technology
    • Vat Photopolymerization
      • Stereolithography
      • Digital Light Processing
      • Continuous Digital Light Processing
    • Metal Extrusion
    • Material Jetting
    • Binder Jetting
    • Direct Energy Deposition
    • Powder Bed Fusion
    • Multi Jet Fusion
      • Selective Laser Sintering
      • Direct Metal Laser Sintering / Selective Laser Melting
      • Electron Beam Melting
    • Sheet Lamination
  • By End-User
    • Healthcare
    • Automotive
    • Aerospace and Defense
    • Construction
    • Others
  • By Geography
    • North America
      • USA
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • Germany
      • Spain
      • United Kingdom
      • France
      • Others
    • Middle East and Africa
      • Saudi Arabia
      • Israel
      • Others
    • Asia Pacific
      • China
      • Japan
      • South Korea
      • India
      • Others

Frequently Asked Questions (FAQs)

Q1. What will be the 3d printing market Size by 2027?
A1. The 3D printing market is expected to reach a market size of US$65.148 billion in 2027.


Q2. What is the size of the global 3d printing market?
A2. 3D Printing market was valued at US$10.459 billion in 2020.


Q3. What are the growth prospects for the 3D Printing market?
A3. The global 3D printing market is expected to grow at a CAGR of 29.86% over the forecast period.


Q4. Which region holds the maximum market share of the 3d printing market?
A4. Geographically, the North American region is expected to hold a significant share in the 3D printing market owing to the technology domination in this region.


Q5. What factors are anticipated to drive the 3D printing market growth?
A5. The 3D printing market is expected to drive by increasing demand for prototyping applications and rising demand for personalized products.

1. INTRODUCTION
1.1. Market Definition
1.2. Market Segmentation

2. RESEARCH METHODOLOGY
2.1. Research Data
2.2. Assumptions

3. EXECUTIVE SUMMARY
3.1. Research Highlights

4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. The Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis

5.  GLOBAL 3D PRINTING MARKET ANALYSIS, BY COMPONENTS
5.1. Introduction
5.2. Hardware
5.3. Software
5.3.1. CAD Tools
5.3.2. Slicers
5.3.3. Others
5.4. Services
5.5. Materials
5.5.1. Metals
5.5.1.1. By Type
5.5.1.1.1. Aluminum
5.5.1.1.2. Nickel
5.5.1.1.3. Steel
5.5.1.1.4. Others
5.5.1.2. By Form
5.5.1.2.1. Filament
5.5.1.2.2. Powder
5.5.1.2.3. Liquid
5.5.2. Plastic
5.5.2.1. By Type
5.5.2.1.1. PLA
5.5.2.1.2. PET
5.5.2.1.3. ABS
5.5.2.1.4. Others
5.5.2.2. By Form
5.5.2.2.1. Filament
5.5.2.2.2. Powder
5.5.2.2.3. Liquid
5.5.3. Ceramics
5.5.4. Others

6. GLOBAL 3D PRINTING MARKET ANALYSIS, BY TECHNOLOGY
6.1. Introduction
6.2. Vat Photopolymerization
6.2.1. Stereolithography
6.2.2. Digital Light Processing
6.2.3. Continuous Digital Light Processing
6.3. Metal Extrusion
6.4. Material Jetting
6.5. Binder Jetting
6.6. Direct Energy Deposition
6.7. Powder Energy Fusion
6.7.1. Multi Jet Fusion
6.7.2. Selective Laser Sintering
6.7.3. Direct Metal Laser Sintering/Selective Laser Melting
6.7.4. Electron Beam Melting
6.8. Sheet Lamination

7. GLOBAL 3D PRINTING MARKET ANALYSIS, BY END-USERS
7.1. Introduction
7.2. Healthcare
7.3. Automotive
7.4. Aerospace and Defense
7.5. Construction
7.6. Others

8. GLOBAL 3D PRINTING MARKET ANALYSIS, BY GEOGRAPHY
8.1.  Introduction
8.2.  North America  
8.2.1. North America 3D Printing Market Analysis, By Component, 2019 to 2026
8.2.2. North America 3D Printing Market Analysis, By Technology, 2019 to 2026
8.2.3. North America 3D Printing Market Analysis, By End-users, 2019 to 2026
8.2.4. By Country
8.2.4.1.  United States
8.2.4.2.  Canada
8.2.4.3.  Mexico
8.3. South America  
8.3.1. South America 3D Printing Market Analysis, By Component, 2019 to 2026
8.3.2. South America 3D Printing Market Analysis, By Technology, 2019 to 2026
8.3.3. South America 3D Printing Market Analysis, By End-users, 2019 to 2026
8.3.4. By Country
8.3.4.1.  Brazil
8.3.4.2.  Argentina
8.3.4.3.  Others
8.4. Europe  
8.4.1. Europe 3D Printing Market Analysis, By Component, 2019 to 2026
8.4.2. Europe 3D Printing Market Analysis, By Technology, 2019 to 2026
8.4.3. Europe 3D Printing Market Analysis, By End-users, 2019 to 2026
8.4.4. By Country
8.4.4.1.  Germany
8.4.4.2.  Spain
8.4.4.3.  United Kingdom
8.4.4.4.  France
8.4.4.5.  Others
8.5. Middle East and Africa  
8.5.1. the Middle East and Africa 3D Printing Market Analysis, By Component, 2019 to 2026
8.5.2. Middle East and Africa 3D Printing Market Analysis, By Technology, 2019 to 2026
8.5.3. Middle East and Africa 3D Printing Market Analysis, By End-users, 2019 to 2026
8.5.4. By Country
8.5.4.1.  Saudi Arabia
8.5.4.2.  Israel
8.5.4.3.  Others
8.6. Asia Pacific  
8.6.1. Asia Pacific 3D Printing Market Analysis, By Component, 2019 to 2026
8.6.2. Asia Pacific 3D Printing Market Analysis, By Technology, 2019 to 2026
8.6.3. Asia Pacific 3D Printing Market Analysis, By End-users, 2019 to 2026
8.6.4. By Country
8.6.4.1.  China
8.6.4.2.  Japan
8.6.4.3.  South Korea
8.6.4.4.  India
8.6.4.5.  Others

9. COMPETITIVE ENVIRONMENT AND ANALYSIS
9.1.  Major Players and Strategy Analysis
9.2.  Emerging Players and Market Lucrativeness
9.3.  Mergers, Acquisitions, Agreements, and Collaborations
9.4.  Vendor Competitiveness Matrix

10.  COMPANY PROFILE
10.1. Stratasys Ltd
10.2. The Exone Company
10.3. Ultimaker BV
10.4. Xjet
10.5. HP
10.6. Materialise
10.7. SLM Solutions Group
10.8. Sciaky
10.9. Mcor Technologies Ltd
10.10. Opotmec
10.11. DWS
10.12. 3DCERAM SINTO
10.13. Luxexcel Group
10.14. EnvisionTEC

Stratasys Ltd

The Exone Company

Ultimaker BV

Xjet

HP

Materialise

SLM Solutions Group

Sciaky

Mcor Technologies Ltd

Opotmec

DWS

3DCERAM SINTO

Luxexcel Group

EnvisionTEC

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