The global demand for 3D Printing Market is presumed to reach the market size of nearly USD 116.62 BN by 2030 from USD 18.95 BN in 2022 with a CAGR of 25.5% under the study period 2023 - 2030.
3D printing has approaches that can make complex design production a reality. Manufacturers may build things utilizing a digital file and various printing materials using 3D printing. Desktop fabrication or additive printing technology are other terms for 3D printing. Polymers, metals, and ceramics are among the materials utilized in 3D printing. Manufacturing lightweight vehicle components with 3D printing can lower vehicle weight, enhance vehicle performance, and increase fuel efficiency. 3D printing enables the delivery of personalized items that meet the customer's needs. Furthermore, 3D printing technology can improve the efficiency of manufacturing injection molding tools. Fused Deposition Modeling (FDM), Direct Metal Laser Sintering (DMLS), Laser Sintering (LS), Multi Jet Fusion (MJF), Binder Jetting, and Stereolithography (SL) are a few of the most often utilized 3D printing processes.
Market Dynamics
The capacity to produce customized items and reduce errors and development costs and time are driving the 3D printing market. Furthermore, the increased use of 3D printing in healthcare and other industries is likely to generate attractive potential prospects for the 3D printing market. The market is expected to grow in the future due to increased attention on 3D printing advancements and rising demand for 3D printing services and solutions across various industries. One of the main reasons for the rapid acceptance of 3D printing technology is that it creates sophisticated designs that are impossible to construct using traditional manufacturing methods. Demand is projected to rise even more with the growing demand for adaptations across several industrial sectors. The simplicity with which customized goods may be manufactured, the reduction in production costs and process downtime, government investments in 3D printing programs, and the discovery of new industrial-grade 3D printing materials are some of the reasons driving the market's expansion. On the contrary, the market's expansion is hampered by the high cost of 3D printing and a scarcity of skilled labor.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of 3d printing. The growth and trends of 3d printing industry provide a holistic approach to this study.
Market Segmentation
This section of the 3d printing market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Technology Type
By Component
By End User
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the 3D Printing market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global 3D Printing Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the 3d printing market include Stratasys Ltd., Materialise, EnvisionTec Inc., 3D Systems Inc., GE Additive, Autodesk Inc., Made In Space, Canon Inc., Voxeljet AG. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
Avail customized purchase options to meet your exact research needs: