Industrial 3D Printing Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Component (Hardware, Software, Services), By Technology (Stereolithography, Fused Deposition Modelling, Selective Laser Sintering, Direct Metal Laser Sintering, Polyjet Printing, Inkjet Printing, Laser Metal Deposition, Others), By End-User (Healthcare, Automotive, Aerospace And Defense, Construction, Others), And By Geography - Forecasts From 2021 To 2026

Published:  Apr 2022 Report Code: KSI061612102 Pages: 118

The industrial 3D printing market is evaluated at US$1.218 billion for the year 2020 and is projected to grow at a CAGR of 19.34% to reach a market size of US$4.201 billion by the year 2027.   Manufacturers around the globe are adopting industrial 3D printing to make the process more efficient and cheaper. Moreover, the entry of new and emerging players into the market is significantly contributing to the overall market growth. New start-ups like Icon, Spectroplast, One  Click, and Laser Melting  Innovations are entering the market with new promising technologies such as Silicone 3D printing, low-cost Laser Powder Bed Fusion 3D printers, and electrophotographic 3D printers. Owing to the increase in the number of new players and the introduction of new technologies, the industrial 3D printing market is expected to grow during the forecast period. The entry of new players into the market is creating healthy competition and pushing companies to focus on their innovation and research and development activities.

Furthermore, the decreasing prices of 3D printing-based machines and increasing expertise and awareness have increased the use of the technology. The development of newer and more advanced fused deposition modelling methods has increased the demand for diverse materials, which has boosted the widespread adoption of this technology across various industries over recent years.

Technological advancement and investments

One of the prime reasons supporting the growth of the market is the growing technological advancements such as artificial intelligence, the Internet of Things, and machine learning. These technologies enable automated printing for efficient production. For instance, Additive Manufacturing Technologies - which is a UK-based company,  launched its new Digital Manufacturing Systems. The system uses the company’s proprietary technology to provide a digital and automated solution for the manufacturing workflow. ExOne announced the introduction of an Industrial-Grade 3D Printed Tooling Solution lineup. It offers the world's broadest portfolio of 3D printed tooling solutions. Moreover, the growing investments in research and development of 3D printing will have a positive impact on the market growth. For instance, the Dutch government has invested around USD 150 million in 3D printing-related research and innovation.

Additionally, a series of new product launches, mergers and acquisitions, and partnerships between the key players are projected to further drive the market growth during the forecast period. For instance, ExOne has entered into a collaboration with Maxxwell Motors for the development of 3D printed copper windings. SLM  Solutions announced its partnership with Solukon for advanced depowdering systems. Under this partnership, the SLM solution will use Solukon’s flagship machines for different post-processing parts produced in the additive manufacturing processes.

COVID-19

The COVID-19 pandemic had a detrimental impact on the industrial 3D printing market due to lower demand from the manufacturing sector. The lockdown imposed by governments across the world to reduce the spread of the virus has resulted in huge losses in operational time for industries. The supply chain was also halted because of the lockdown, as a result, there has been a significant delay in delivering previous orders. The main factor for the drop in demand among the enterprises utilizing 3D printing services was a general lack of demand. Reduced demand and halt in operational tasks resulted in a low rate of return on investment. Furthermore, the industry's potential was hampered by the lack of competent labor, as well as long-term plant shutdowns. As the pandemic began, businesses were experiencing a severe shortage of raw materials. Engineers' lack of access to the equipment and physical workspaces to develop and produce 3D printing products was a secondary reason. According to data from the World Bank, the value-added by the manufacturing sector decreased from US$13.946 trillion in 2019 to US$13.498 trillion in 2020. The foundry industry also suffered a setback amid the pandemic. For instance, the Italian foundry production suffered a decline between -20 percent to -30 percent in 2020, as per ASSOFOND. Between January and April 2020, iron casting production decreased by 42 percent and non-ferrous production decreased by 32 percent in the country. Thus, the projection for the industrial 3D printing technology market in the COVID-19 scenario is revised downwards.

Industrial 3D Printing Market Scope:

Report Metric Details
 Market size value in 2019  US$1.369 billion
 Market size value in 2026  US$4.023 billion
 Growth Rate  CAGR of 16.64% from 2019 to 2026
 Base year  2019
 Forecast period  2021–2026
 Forecast Unit (Value)  USD Billion
 Segments covered  Component, Technology, End-User, And Geography
 Regions covered  North America, South America, Europe, Middle East and Africa, Asia Pacific
 Companies covered 3D Systems, Inc., Extrude Hone (ExOne) Company, General Electric Company (GE Additive), Voxeljet AG, Renishaw plc, Stratasys Ltd., SLM Solutions Group AG, Materialise, ENVISIONTEC, INC., EOS Group
 Customization scope  Free report customization with purchase

 

MARKET SEGMENTATION

  • BY COMPONENT
    • Hardware
    • Software
    • Services
  • BY TECHNOLOGY
    • Stereolithography
    • Fused Deposition Modelling
    • Selective Laser Sintering
    • Direct Metal Laser Sintering
    • Polyjet Printing
    • Inkjet Printing
    • Laser Metal Deposition
    • Others
  • BY GEOGRAPHY
    • North America
      • USA
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • Germany
      • France
      • Uk
      • Italy
      • Others
    • Asia-Pacific
      • China
      • India
      • Japan
      • South Korea
      • Taiwan
      • Thailand
      • Indonesia
      • Others

Frequently Asked Questions (FAQs)

Q1. What will be the industrial 3D printing market size by 2026?
A1. The industrial 3D printing market is projected to reach a market size of US$4.023 billion by 2026.


Q2. What is the size of the global industrial 3D printing market?
A2. Industrial 3D Printing Market was valued at US$1.369 billion in 2019.


Q3. What are the growth prospects for the industrial 3D printing market?
A3. The global industrial 3D printing market is projected to grow at a CAGR of 16.64% during the forecast period.


Q4. What factors are anticipated to drive the industrial 3D printing market growth?
A4. The increasing use of industrial 3D printing during the manufacturing of parts in end-use industries like automotive and aerospace is one of the major reasons projected to drive the industrial 3D printing market growth.


Q5. Which region holds the maximum market share of the industrial 3D printing market?
A5. Geographically, the North American region is anticipated to hold a significant share of the industrial 3D printing market owing to the presence of an advanced healthcare sector.

1. INTRODUCTION
1.1. Market Overview
1.2. COVID-19 Scenario
1.3. Market Definition
1.4. 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
4.4. Industry Value Chain Analysis


5. INDUSTRIAL 3D PRINTING MARKET, BY COMPONENT
5.1. Introduction
5.2. Hardware
5.3. Software
5.4. Services


6.  INDUSTRIAL 3D PRINTING MARKET, BY TECHNOLOGY
6.1. Introduction
6.2. Stereolithography
6.3. Fused Deposition Modelling
6.4. Selective Laser Sintering
6.5. Direct Metal Laser Sintering
6.6. Polyjet Printing
6.7. Inkjet Printing
6.8. Laser Metal Deposition
6.9. Others


7. INDUSTRIAL 3D PRINTING MARKET, BY GEOGRAPHY
7.1. Introduction
7.2. North America
7.2.1. USA
7.2.2. Canada
7.2.3. Mexico
7.3. South America
7.3.1. Brazil
7.3.2. Argentina
7.3.3. Others
7.4. Europe
7.4.1. Germany
7.4.2. France
7.4.3. Uk
7.4.4. Italy
7.4.5. Others
7.5. Asia-Pacific
7.5.1. China
7.5.2. India
7.5.3. Japan
7.5.4. South Korea
7.5.5. Taiwan
7.5.6. Thailand
7.5.7. Indonesia
7.5.8. Others


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
9.1. Accenture 3D Systems, Inc.
9.2. Extrude Hone (ExOne) Company
9.3. General Electric Company (GE Additive)
9.4. Voxeljet AG
9.5. Renishaw plc
9.6. Stratasys Ltd.
9.7. SLM Solutions Group AG
9.8. Materialise
9.9. ENVISIONTEC, INC.
9.10. EOS Group

Accenture 3D Systems, Inc.

Extrude Hone (ExOne) Company

General Electric Company (GE Additive)

Voxeljet AG

Renishaw plc

Stratasys Ltd.

SLM Solutions Group AG

Materialise

ENVISIONTEC, INC.

EOS Group

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