The binder jetting 3D printing technology market is projected to grow at a CAGR of 26.88%, reaching a market size of US$560.474 million by 2027, from US$105.901 million in 2020.
Binder jetting 3D printing technology has a wide range of applications in the building and interior design industries. This technique is capable of print incredibly huge items, and architectural projects occupying an entire place have been built with it. Binder jetting is used in a variety of applications, including store fitting, exhibits, and furniture creation. A second driver is a steady shift toward environmentally friendly manufacturing and consumer items to lessen one's carbon footprint. A few businesses have begun to develop scalable and environmentally friendly materials for use in binder jetting 3D printers that are reusable, sustainable, and ideal for modern interior design. Therefore, due to the launch of innovative products and technological developments made by the companies for this segment, the market is expected to rise in the upcoming years.
The increasing developments and innovations made by companies will boost the market growth
Due to the rising developments made by the companies, the market for binder jetting 3D printing technology is anticipated to grow in the coming years. Most of the companies have implemented enhanced technology and business solutions that have resulted in high revenue and profitability for the market. For instance, ExOne and 3D printers, a leader in additive manufacturing for over two decades, have helped foundries and pattern shops improve sand casting by removing the need for complex tooling. Their binder jet 3D printing technique enables digital foundries to create previously unattainable forms, condense complicated cores to save assembly time, and repeat design changes without the time or expense required for traditional tooling. The firm offers complete systems and support, engineering services, and casting simulation for elevated finished pours, as well as on-demand 3D printing of complicated molds and cores and infiltrating sand tooling for a range of applications. Furthermore, Sculpteo is a French company that specializes in cloud-based 3D printing. Sculpteo is an online 3D printing service that uses fast prototyping and a production method that includes laser sintering or stereolithography. For example, it provides Stainless Steel 316L, which is 3D printed utilizing Binder Jetting technology and is ideal for mechanical applications.
Market Key Developments
Frequently Asked Questions (FAQs)
Q1. What are the growth prospects for the binder jetting 3D printing technology market?
A1. The global binder jetting 3D printing technology market is projected to grow at a CAGR of 26.88% during the forecast period.
Q2. What will be the binder jetting 3D printing technology market size by 2027?
A2. The binder jetting 3D printing technology market is projected to reach a total market size of US$560.474 million by 2027.
Q3. What is the size of the global binder jetting 3D printing technology market?
A3. Binder Jetting 3D Printing Technology Market was valued at US$105.901 million in 2020.
Q4. What factors are anticipated to drive the binder jetting 3D printing technology market growth?
A4. The increasing developments and innovations made by companies will boost the binder jetting 3D printing technology market growth.
Q5. Which region holds the largest share of the binder jetting 3D printing technology market?
A5. Geographically, North America and Europe have been estimated to hold a substantial share of the binder jetting 3D printing technology market.
1.1. Market Overview
1.2. COVID-19 Scenario
1.3. Market Definition
1.4. Market Segmentation
2. RESEARCH METHODOLOGY
2.1. Research Data
3. EXECUTIVE SUMMARY
3.1. Research Highlights
4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Porter’s Five Force Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. 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. BINDER JETTING 3D PRINTING TECHNOLOGY MARKET, BY COMPONENT
6. BINDER JETTING 3D PRINTING TECHNOLOGY MARKET, BY END-USER
6.4. Aerospace and Defence
7. BINDER JETTING 3D PRINTING TECHNOLOGY MARKET, BY GEOGRAPHY
7.2. North America
7.3. South America
7.5. Middle East and Africa
7.6. Asia Pacific
7.6.3. South Korea
8. COMPETITIVE ENVIRONMENT AND ANALYSIS
8.1. Major Players and Strategy Analysis
8.2. Emerging Players and Market Lucrativeness
8.3. Mergers, Acquisitions, Agreements, and Collaborations
8.4. Vendor Competitiveness Matrix
9. COMPANY PROFILES
9.3. 3D Systems, Inc.
3D Systems, Inc.
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