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Home » Information and Communication Technology » 3D Printing Market Growth, Global Industry Size | Report 2030

3D Printing Market By Materials Type, By End-user, By Component (Software, Service, Hardware), By Software Insights (Scanning Software, Design Software, Printer Software, Inspection Software), By Application (Manufacturing Functional Parts, Tooling, Prototyping), By technology (DMLS (Direct Metal Laser Sintering), DLP (Digital Light Processing), SLA (Stereolithography), EBM (Electron Beam Melting), FDM (Fused Deposition Modelling), MJP (Polyjet/Multijet Printing), SLS (Selective Laser Sintering), Other Technologies), By Printers Type (Desktop, Industrial), By Process (Material Extrusion, Binder Jetting, Powder Bed Fusion, Material Jetting, VAT Photopolymerization, Other Processes), Global Report by Size, Industry Analysis & Forecast, 2021 - 2030

Published On: Sep-2022   |   Base Year: 2021   |   No Of Pages: 142   |   Historical Data: 2017 - 2020   |   Formats: PDF   |   Report ID: 80536350

Report DescriptionTable of Contents

Industry Report and Statistics

The global 3d printing market will witness a robust CAGR of 21%, valued at $14 billion in 2021, expected to appreciate and reach $77.83 billion by 2030, confirms Strategic Market Research. In 2021, North America ruled the global 3D printing industry with a market share of more than 40%. The Process of building a 3D object from a Computer Aided Design (CAD) model or digital 3D model is known as 3D printing or Additive Manufacture. It can be done via various procedures in which materials are combined, connected, or hardened under the control of a computer, usually layer by layer (such as fusing plastics, liquids, or powder grains). During the 1980s, the phrase "rapid prototyping" was more applicable because 3D printing processes were only seen to be suited for manufacturing functional or aesthetically pleasing prototypes. In 2019, the accuracy, repeatability, & material variety of three dimensional printing techniques had improved to the point and reached a level where some of these techniques are envisaged as a practical approach for industrial production, making the terms additive manufacturing and 3D printing interchangeable. One of the main benefits and advantages of 3D printing is its ability to produce extremely complex structures or geometrical figures, including hollow parts or portions with interior truss structures to reduce weight, that would ordinarily be difficult to build by hand. As of 2020, the most popular 3D printing technique is FDM (fused deposition modelling), a additive manufacturing technology which creates 3D components by utilizing continuous thermoplastic or composite material thread in the form of filament. VAT Photopolymerization is also a category or type of additive manufacturing which creates 3D objects by carefully curing liquid resin via targeted light activated polymerization. The market is anticipated to increase due to the aggressive 3D printing research and development and the rising demand for prototype applications from different industrial segments, particularly automotive, healthcare, military & aerospace.

The deployment entails supplying installation services, consultation solutions, client support, and resolving licensing, copyright, and patent issues. Because of the significant decrease in production costs, firms can now sell superior items for less money. The above advantages are anticipated to increase the market for these three dimensional printers in the upcoming years. On the other hand, the implementation of AM (Additive Manufacturing) is being hampered by the widespread misunderstandings that medium and small sized firms have about the prototype procedures. Enterprises involved in the design, especially medium and small-sized businesses, take a pause before even considering prototype expenditures as appropriate rather than striving to acknowledge the benefits and advantages of prototyping. Most of the time, these companies think this technology is just a costly pre-production stage. The market for digital 3D printing for simulation purposes is fueled by rapidly rising digitization and the rising use of cutting-edge technologies like smart factories, Industry 4.0, machine learning, robotics, and others. These innovations raise the likelihood that this technology will be adopted and used more widely throughout industries, notably automotive, healthcare, and aerospace, among many others. For instance, Companies in the aerospace industry are looking at using 3D printing for manufacturing different hardware components for their products. For example, Boeing uses commercial 3D printing to create the interior components of their aircraft, whereas NASA uses it to create rocket engines and satellite components. This technology is anticipated to be widely adopted in the automotive industry. Many car manufacturers now focus on rapid tooling that uses additive manufacturing. Another significant use of this technique in the vehicle sector is interior customization.

 

Key Industry Drivers - Governments & IT Giants Have Made Considerable Investments to Support Market Expansion.

  • The modern and advanced manufacturing techniques, as well as methods, are being impacted positively in a number of countries throughout the world by digital technology. The United States is one of the potential markets for 3D technologies. For example, the United States Department of Defense allocated funds for the innovation and development of this technology in 2018. Even software titans like HP, Microsoft, and Autodesk have made additive / 3D printing processes more accessible. Chinese firms usually invest in creating and studying this technology because they see it as a chance to develop their industrial sector.

 

  • India is eyeing this technology as a chance to boost its position and become a global manufacturing competitor. Active government strategies like the "Make in India" initiative have helped to support the Indian market. Korea has developed a unique roadmap for developing and researching this technology. Moreover, Korea offers national support and funds to carry out the innovations and development of this technology. To promote the adoption and adaptability of this technology, the government of Korea is also speeding up industry regulatory agreements. Despite of the withdrawal of United Kingdom from the European Union, the British government is still putting its efforts to create a new 3D printing technology strategy. Since Germany has a well-developed Industry 4.0 structure, it is projected that Germany will develop new initiatives for the growth of 3D printing technology.

 

  • Governments worldwide are taking steps and sponsoring institutions, technology & research companies, & research facilities to further explore the possibilities offered by the 3D printing techniques and promote its development. A number of nations, including the United States, the United Kingdom, and Canada, have put in place national initiatives to support the research of this technology in colleges. Industrialists and governments worldwide are becoming more interested in 3D printing as new applications for emerging technologies. Both established industry giants & tech-savvy start-ups are updating and creating new technologies. Hardware improvements have produced quicker and more dependable 3D printers for manufacturing. Amongst the most popular 3D printer types is the polymer printer. According to a 2019 Ernst and Young Group survey, 72% of the businesses employed additive manufacturing systems for polymer, while 49% used metal. Statistics indicate that improvements in polymer additive manufacturing will also act as a robust factor for the growth of this market worldwide.

 

Restraints - High Initial Capital Requirements Will Limit Market Growth

  • The biggest barrier to the implementation of this technology is reportedly its high initial costs. This investment includes spending on employee training, materials, certification, & education in additive manufacturing. It also includes spending on hardware, software, and other components. Setting up a 3D system requires significant capital expenditures and more resources than conventional printing techniques. But now that the professional Desktop 3D printer is available, the producers are assisting the end users in reducing the hefty upfront expenses. Desktop printers are more convenient and less expensive than a 3D system.

 

Opportunities - Growing 3D Technology Investments by Manufacturers Will Open New Vistas of Market Opportunities.

  • The focus of 3D printing has changed from its early uses in designing & prototyping to the production of valuable parts. Contrary to conventional manufacturing techniques, 3D printing does not require tooling; therefore, it can assist in overcoming a number of challenges like high tooling costs. Although conventional manufacturing would have lower per-unit costs, it has significant initial tooling costs, which makes low-volume manufacturing more expensive. By creating components layer by layer, the 3D printing technique also aids in reducing the waste generated during the manufacturing process. Another domain where 3D printing is superior to traditional manufacturing is mass customization, especially for small production runs. For instance, a US survey states that the percentage increase from 14 percent in 2020 to 24 percent in 2021 is just because more businesses have switched to employing additive manufacturing (AM) for large-scale production runs of plethora of pieces.

 

  • It is currently uncertain what components will be 3D-printable in the future and whose manufacturing would not be feasible using conventional manufacturing techniques. Given this ambiguity, 3D printing may enhance supply chain management, which may have an effect on the logistical partnership between suppliers and customers for particular products or parts. Additionally, the 3D printing industry has seen improvements in printing materials, printers, and technology, as well as a growth in the level of expertise of the workforce. According to a report by "The Society of Manufacturing Engineers," 25% of American manufacturers want to alter their supply chains concerning the Covid- 19 pandemic. According to the report, organizations prioritize spending money on this technology over others, like Artificial Intelligence (AI), 5G, robotics, and digital security, when making investments after COVID-19. This demonstrates that the market's growth in the upcoming years will be boosted by manufacturers' growing investments in 3D technology.

 

Market Analysis Of Different Segments Covered in the Report

Based on Component

  • Software

  • Service

  • Hardware

 

Based on Software Insights

  • Scanning Software

  • Design Software

  • Printer Software

  • Inspection Software

 

Based on Application

  • Manufacturing Functional Parts

  • Tooling

  • Prototyping

 

Based on Technology

  • DMLS (Direct Metal Laser Sintering)

  • DLP (Digital Light Processing)

  • SLA (Stereolithography)

  • EBM (Electron Beam Melting)

  • FDM (Fused Deposition Modelling)

  • MJP (Polyjet/Multijet Printing)

  • SLS (Selective Laser Sintering)

  • Other Technologies

 

Based on End-user

  • Industrial 3D Printing

  • Power and Energy

  • Automotive

  • Industrial

  • Aerospace and Defence

  • Consumer Electronics

  • Healthcare

  • Others

  • Desktop 3D Printing

  • Food

  • Object

  • Educational Purpose

  • Dental

  • Fashion and Jewellery

  • Others

 

Based on Printers Type

  • Desktop

  • Industrial

 

Based on Materials Type

  • Metal

  • Nickel

  • Steel

  • Titanium

  • Aluminium

  • Ceramics

  • Plastic

  • Photopolymer

  • Thermoplastics

  • Nylon

  • PLAY

  • ABS

  • Other Thermoplastic

  • Other Materials

 

Based on Process

  • Material Extrusion

  • Binder Jetting

  • Powder Bed Fusion

  • Material Jetting

  • VAT Photopolymerization

  • Other Processes

 

Regional Coverage Analysis

Europe

  • Italy

  • Germany

  • France

  • United Kingdom

  • Rest of Europe

 

North America

  • Mexico

  • United States

  • Canada

 

Asia-Pacific

  • South Korea

  • China

  • India

  • Japan

  • Rest of Asia-Pacific

 

Rest of the World

  • South America

  • Africa

  • Middle East

 

Software Insights Analysis & Insights

By Software Insights in 2021, the printing software sector dominated the global 3D printing market with more than 35% of total sales. Throughout the projection period, it is anticipated to dominate the global market. Software-based divisions of the 3D Printing market include scanning software, printer software, design software, and inception software. In the automobile, aerospace, military, construction, and engineering industries, design-based software is frequently used to create the blueprint of the items that will be printed. The growing practice of scanning items and saving scanned papers is expected to increase the scanning software market globally. During the anticipated period, the scanning software segment is anticipated to be driven by the ability to retain the scanned pictures of objects, regardless of their dimension or size, for 3D printing. In accordance with the increasing deployment of scanners, the scanning-based software sector is anticipated to develop at the highest Growth rate of 21.5% throughout the anticipated timeframe.

 

Application Analysis & Insights

By Application, the industry is divided into prototyping, manufacturing of functional components, and tooling. Prototyping dominated the market in 2021, accounting for more than 45% of total revenue. This is explained by the widespread use of the prototype process in several industry sectors. Prototyping is utilized extensively in the automotive, aerospace, and defense industries to build & design complex systems, components, and parts. Manufacturers can build and manufacture trustworthy final goods & attain improved and better precision through prototyping. Therefore, it is anticipated that the prototyping category will continue to rule the industry during the projection period. Smaller joints & other metal hardware linking elements are examples of functional pieces. As the market for developing and manufacturing functional components rises, the market for manufacturing of functional components is projected to grow at a sizable Compound Annual Growth Rate of 22% between 2022 and 2030.

 

End-User Analysis & Insights

By End-user, more than 25% of total revenues in 2021 came from the automobile category, which dominated the market. The market has been divided into distinct sectors for desktop & industrial three dimensional printing based on vertical. The verticals taken into account for desktop three dimensional printing include dental care, cuisine, fashion and jewellery, and others. Automobile, power and energy, aerospace, healthcare, defense, industrial, consumer electronics, and other sectors are considered for the industrial 3D Printing. Due to their active adoption of technology across a range of production processes, the healthcare, aerospace, automotive, and defense verticals are expected to significantly contribute to the expansion of industrial three dimensional printing throughout the projected period. In the hospital/healthcare industry, Additive Manufacturing contributes to creating synthetic muscles and tissues that resemble real human components, which can be utilized in Arthroplasty. These robust factors are anticipated to greatly boost the industrial segment's expansion and drive 3DP adoption across the hospital/healthcare industry. The culinary, fashion & jewellery, and dental verticals are predicted to have a significant impact on the growth of the desktop 3D printing market during the estimated timeframe. In 2021, the dentistry sector commanded the market, and it is anticipated that it will do so again over the projected period. A growing trend is the use of three dimensional printing to create dollhouse miniatures, replica jewellery, clothing and fashion, and art & craft projects.

 

Components Analysis & Insights

In terms of components, the hardware market accounted for a sizable market share of 60% in 2021, dominating the sector. The market for specialized production methods & rapid prototyping has massively benefited the hardware industry. The expansion of the hardware market is mostly credited to a number of factors, including quick industrialization, rising consumer electronics penetration, reduced labour costs, improved civil infrastructure, and quick urbanization. The industry has been further divided into hardware, software, and services on the basis of components. The 3DP hardware component market has been divided by printer type, technology, applications, vertical, and material. Software type and printer type are additional categories for the software market. During the projection period, the software sector is anticipated to increase significantly.

 

Material Type Analysis & Insights

By Material type, in 2021, the metal category dominated the 3D printing market accounting for 55% of worldwide sales. Additionally, it is estimated that the metal category would continue to dominate during the anticipated timeframe and rise at the greatest CAGR. The sector has been further divided into ceramic, metal, and segments based on material. Considering the overall revenue in 2021, the polymer segment came in second. The market for ceramic materials is anticipated to expand significantly during the coming years. Given that additive manufacturing for ceramics is still a young technology, the market for ceramics has increased globally as a result of increased research and innovation for three dimensional printing technologies like inkjet printing & FDM.

 

Technology Analysis & Insights

By Technology, in 2021, the stereolithography market segment held the top spot and contributed more than 8% of worldwide revenue. The segmentation has been done based on technology and includes laminated object manufacturing, stereolithography, digital light processing, fuse deposition modelling (FDM), electron beam melting (EBM), laser metal deposition, inkjet, direct metal laser sintering (DMLS), selective laser sintering (SLS), and others. Stereolithography is among the earliest and most frequently utilized printing techniques. However, the stereolithography technique is being more widely used because of its advantages, including simplicity of use, technical development, and research efforts conducted by various industry researchers and experts. Due to the widespread implementation of the technology across numerous 3DP processes, FDM contributed to a sizeable revenue share in 2021. Due to the fact that these technologies can be used in specialized additive manufacturing processes, the EBM, DLP, DMLS, and inkjet printing segments are anticipated to see a rise in acceptance throughout the projected period. Opportunities for the implementation of these technologies would be made possible by the rising demand from the healthcare, aerospace & defense, & automotive verticals.

 

Region Analysis & Insights

Based on region, in 2021, North America dominated the global market and generated a revenue greater than 30%. This is due to the wide use of AM (Additive Manufacturing) in the area. The United States & Canada are two examples of North American nations that were among the leading and early implementers of these systems in various manufacturing processes. Given its size, in terms of geography, Europe is the largest continent. Numerous AM industry participants with in-depth technical familiarity with the processes  are  positioned there. So, in 2021, the market in Europe grew to become the 2nd largest market by region. The APAC region's highest Compound Annual Growth Rate is anticipated during the timeframe. The advancements made in the region's manufacturing sector have resulted in the rapid implementation of AM (Additive Manufacturing) in APAC. Additionally, the APAC region is developing as a production and manufacturing powerhouse for the healthcare and automotive sectors. Rapid urbanization and dominance in the manufacturing of consumer electronics are a few other factors boosting the demand for three dimensional printing in the region.

 

3D Printing Market Report Coverage

Report Attribute

Details

Forecast Period

2020 – 2030

3D Printing Market size value in 2020

USD 14 Billion

3D Printing Market Size forecast in 2030

USD 77.838 Billion

3D Printing Market Growth rate

21%

The base year for estimation

2020

Historical data

2017 - 2020

Segments covered

Component, Application, Software Insight, Material Type, Technology, Region

Regional scope

Europe, APAC, North America, Rest of World

Country scope

Italy, Germany, France, United Kingdom, Rest of Europe, Mexico, United States, Canada, South Korea, China, India, Japan, Rest of Asia-Pacific, South America, Africa, Middle East

Key companies profiled

The ExOne Company, Autodesk Inc, GE Additive, Made In Space, Voxeljet AG, Stratasys Ltd, Canon Inc, Materialise, Autodesk Inc., EnvisionTEC Inc, 3D Systems Inc, HP Inc

 

Global 3D Printing Market Competitive landscape Analysis

Market participants are continuously improving 3D printing techniques in response to the rising markets for three dimensional printing in the aerospace, healthcare, automotive, & defense verticals for production purposes. The leading companies are looking for opportunities to transform their business by using AM (Additive Manufacturing) to develop new products. Big players, notably Stratasys Ltd., are extending the use of 3D printing beyond prototypes to include the agility it can provide to the entire manufacturing chain. The businesses can swiftly and affordably manufacture big end use parts utilizing additive manufacturing thanks to their inventive series of 3D printers that uses FDM and SAF technologies. The following companies are well-known ones in the worldwide 3D printing market:

  • The ExOne Company

  • Autodesk Inc

  • GE Additive

  • Made In Space

  • Voxeljet AG

  • Stratasys Ltd

  • Canon Inc

  • Materialise

  • Autodesk Inc.

  • EnvisionTEC Inc

  • 3D Systems Inc

  • HP Inc

 

Recent Developments

  • In March 2022, South Africa's DSI (Department of Science and Innovation) began a pilot project to construct approximately 25 homes using the 3D printing technique to address the nation's housing shortage.

 

  • In March 2022, the European firm 3DGence unveiled the INDUSTRY F421, a modern industrial FFF machine that is ideal for high performance materials. The business has also unveiled AS9100, a brand-new high-temperature filament produced from PEEK (polyether ether ketone) and approved for usage in the aerospace and defense industries.

 

  • In February 2022, Imaginarium and Ultimaker collaborated to launch a line of desktop and industrial 3D printers in the Indian market. Because additive manufacturing is expected to make significant strides in India over the next few years, this relationship will enable Ultimaker to grow its business there.

 

  • In November 2021, 3D Systems intended to advance innovation in additive manufacturing through collaborations and the introduction of new products. The business unveiled new 3D printing tools and worked with an AMT start-up based in the United Kingdom to enhance AM software and provide novel 3D printing workflows that are perfect for automobile components.

 

  • In February 2021, for use with their F123 Series 3D printers, Stratasys introduced a carbon fibre material based on ABS. The FDM ABS-CF10 material is engineered to be durable and lightweight for applications that produce tooling, jigs, and fixtures.

 

Market Leaders Make a Range of Gadgets

Name

Feature

Key Player

Laser M2 Series 5

Standard - Low-volume production or isolated prototyping for beginning users

Production - For use in full production (1kW as well as 400W)

Regulation is necessary for high-quality output, controlled sectors, & strict certification standards.

GE Additive

Binder JetLine

Benefits:

  • Operation Safety

  • Ecosystem Friendly

  • Partnership Model

GE Additive

Q10plus

The Q10plus EBM (electron beam melting) system is intended to produce orthopaedic implants at a reasonable price. It has a compact design, a high resolution, and an improved surface smoothness.

GE Additive

 

Frequently Asked Question About This Report

b: The global 3d printing market size was $14 billion in 2021 and is expected to reach a value of $77.838 billion by 2030.

b: The global 3d printing market is expected to grow at a compound annual growth rate (CAGR) of 21% from 2021 to 2030 to reach USD 77.838 billion by 2030.

b: With a market share of more than 40 % in 2021, North America dominated the Global 3D Printing Market. 3D printing market forecast for the North America is promising in the coming years.

b: In 2021, the Global 3D Printing Market was worth USD 14 billion. By 2030, its market value is expected to reach USD 77.838 billion. The Global 3D Printing Market is predicted to grow at a Compound Annual Growth Rate (CARG) of 21% throughout the course of the anticipated period.

Sources

https://link.springer.com/article/10.1007/s12008-022-00956-4

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https://nces.ed.gov/fastfacts/display.asp?id=372

https://www.brookings.edu/research/six-ways-to-improve-global-supply-chains/

https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8759144/

https://www.oecd.org/coronavirus/policy-responses/using-artificial-intelligence-to-help-combat-covid-19-ae4c5c21/

https://insidetelecom.com/south-african-government-to-pilot-3d-printed-houses/