Market Insights - Industry Research Report

3D Printing Market

3D Printing Market by Component (Hardware, Software, Services), By Technology, By Application, By End-Users (Aerospace & Defense, Automotive, Healthcare, Architecture & Construction, Consumer Products, Education), Geography Analysis and Competitive Landscape: Premium Insights Industry Size, Share, Growth, Trends, Research, and Forecast From 2022 to 2030

3D Printing Market Overview

The worldwide 3D Printing Market size was valued at USD 13.90 billion in 2021 and is anticipated to reach USD 74.45 billion by 2030, increasing at a compound annual growth rate (CAGR) of 20.5 % during the forecast years.

3D (three-dimensional) printing is also known as additive manufacturing. It is a process of making a tangible object with the help of a three-dimensional digital model. The 3D printing process includes hardware and software that deposits successive layers of material such as plastic resin, or steel into different shapes to create a 3D digital model. The increasing commercialization of emerging technologies, as well as the decrease in process downtime and manufacturing cost, are fueling the demand for 3D printers across the globe. In addition, the growing benefits of 3D printing among various end-use industries, coupled with the increasing investment in digitalization, and the growth of industry 4.0 is further bolstering the market demand in the forthcoming years.

COVID-19 Impact Analysis on 3D Printing Market

The COVID-19 pandemic outbreak has shown a major effect on the global economy. Accordingly, the 3D printing market was also affected substantially during this widespread. The manufacturing sector was halted to some extent owing to the imposition of stringent social distancing norms and lockdown procedures. The overall lockdown influenced the production of 3D printing manufacturers because of the disruption in the supply chain and the unavailability of adequate resources. However, the healthcare sector has witnessed an exponential rise in demand for personal protective equipment including ear straps, shields, face masks, and so on. Also, demand for regulators and venture valves highly adopted to support patients to breathe has increased. Moreover, the flourishing development of the e-commerce sector has also supported the growth of the industries such as consumer electronics, retail, jewelry, food & culinary, and education, among others. 3D printing manufacturers have complete control over the raw materials used in production, as well as the conditions of storage and delivery, which allows buyers to print the product themselves according to their choice. Thereby, the gradual opening of the lockdown, as well as the expansion of some end-use industries has supported the market growth at a significant rate.

3D Printing Market Segmentation:

The global 3D Printing Market is segmented based on Component (Hardware, Software, Services), the basis of Technology (Stereolithography (SLA), Fused Deposition Modeling (FDM), Selective Laser Sintering (SLS), Direct Metal Laser Sintering (DMLS), Polyjet/Multijet Printing (MJP), Electron Beam Melting (EBM), Digital Light Processing (DLP), Other Technologies), based on Application (Prototyping, Tooling, Functional Part Manufacturing, Other Therapeutic Applications), based on End Users (Aerospace & Defense, Automotive, Healthcare, Architecture & Construction, Consumer Products, Education, Other End Users)

The services segment is anticipated to grow with the highest CAGR over the forecasting years

The market is categorized into hardware, software, and services based on components. Hardware is dominating the market with the highest market share owing to the increasing requirement for advanced manufacturing practices and rapid prototyping. In addition, the developing civil infrastructure, growing adoption of consumer electronic products, and increasing industrialization and urbanization are also attributing to the segment growth.

Whereas, the service segment is likely to grow at the highest CAGR over the forecasting years. The segment growth is primarily driven by the flourishing development of industries such as healthcare, aerospace, and automotive. In comparison to the sales of printers and materials, the 3D printing service sector is growing significantly due to advancements in printing technology and materials, and numerous companies across industries are inclined to outsource design to manufacture customized products. Thus, the manufacturing of products with complex geometries is leveraging various growth opportunities for segment development in the impending years.

The stereolithography segment is expected to be the largest segment in terms of market shares in 2021

Based on Technology, the stereolithography segment is estimated to lead the market and account for the highest market share in 2021. Stereolithography technology is considered the most conventional printing technology that features ease of operation. Also, the growing investment in research and development activities and high adoption of stereolithography technology by the leading industry experts and researchers are further presenting opportunities for other effective and better technologies. On the other hand, Fused Deposition Modeling (FDM) is also significantly growing because of the high adoption of the technology in several 3DP processes to create strong, durable, and dimensionally stable parts.

3D Printing Market Dynamics:

Drivers:

The growing investment in technological developments by various government bodies and chief tech giants is driving the market growth

The rapid shift toward technological developments in 3D printing technologies and the availability of materials is fuelling the adoption of print-on-demand parts to manufacture customized functional parts. The usage of 3D printing facilitates the creation of personalized products based on individual needs. Accordingly, various businesses offer specialized services, such as the initial design development by designers, and enable customers to co-design the products. In addition, the rising availability of different materials for easy manufacturing of custom-made products, as well as reducing costs of printers further present ample opportunities for 3D printing technology and encourage its development. For instance, in March 2021, Renishaw announced that the company collaborated with Domin, which aims on advancing a high-performance servo valve. Under this agreement, Domin planned to boost its productivity and lessen cost per part by utilizing Renishaw’s RenAM 500Q, a four-laser AM system for serial production applications. Moreover, various countries implemented national programs for promoting global-level 3D printing research and the establishment of start-ups. Consequentially, the emergence of new applications for 3D printing is gaining huge prominence among governments and industrialists to explore other opportunities offered by 3D printing technology, which, in turn, accelerates market growth around the world.

Regional Analysis:

North America 3D Printing Market is expected to dominate the market with the highest market shares in 2021

North America accounts for the largest revenue and is expected to dominate the global market in 2021. Factors such as the growing investment in 3D printing start-ups, as well as the rising focus on technological advancements are the primary factors that are bolstering the expansion of the regional market. In addition, various government bodies are supporting the growth of developed countries such as the U.S. and Canada to advance manufacturing technologies. Also, the presence of engineering companies, service bureaus, and additive manufacturing companies is heavily investing in R&D activities across different verticals. Therefore, these key factors are estimated to lead the 3D printing market in terms of revenue shares across the region.

Key Market Players and Competitive Landscape

Some of the key market players operating in the global 3D printing market are:

  1. GE Additive (US)
  2. Nano Dimension (Israel)
  3. Markforged (US)
  4. EOS (Germany)
  5. Stratasys (US)
  6. HP (US)
  7. Materialise (Belgium)
  8. 3D Systems (US)
  9. Beijing Tiertime (China)
  10. Desktop Metal (US)
  11. ExOne (US)
  12. Optomec (US)

The Beyond Market Insights research has segmented the Global 3D Printing Market report based on Component, Technology, Application, End Users, and region

3D Printing Market, Component Outlook:
  1. Hardware
  2. Software
  3. Services
3D Printing Market, Technology Outlook
  1. Stereolithography (SLA)
  2. Fused Deposition Modeling (FDM)
  3. Selective Laser Sintering (SLS)
  4. Direct Metal Laser Sintering (DMLS)
  5. Polyjet/Multijet Printing (MJP)
  6. Electron Beam Melting (EBM)
  7. Digital Light Processing (DLP)
  8. Other Technologies
3D Printing Market, Application Outlook
  1. Prototyping
  2. Tooling
  3. Functional Part Manufacturing
3D Printing Market, End Users Outlook
  1. Aerospace & Defense
  2. Automotive
  3. Healthcare
  4. Architecture & Construction
  5. Consumer Products
  6. Education
  7. Other End Users
3D Printing Market, Regional Outlook
  1. North America
    • United States
    • Canada
  2. Europe
    • France
    • Germany
    • UK
    • Italy
    • Rest of the Europe
  3. Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Australia
    • Rest of the APAC
  4. Latin America
    • Mexico
    • Brazil
    • Rest of Latin America
  5. Middle East & Africa
    • UAE
    • Saudi Arabia
    • Israel
    • South Africa
    • Rest of the Middle East & Africa

3D Printing Market Report Scope

Report Attribute Details
Market size value in 2022 USD 16.74 billion
Revenue forecast in 2030 USD 74.45 billion
Growth Rate CAGR of 20.5% from 2022 to 2030
Base year for estimate 2021
Historical data 2017 to 2020
Forecast years 2022 to 2030
Quantitative units Revenue in USD billion and CAGR from 2022 to 2030
Report Coverage Revenue forecast, company ranking, competitive landscape, growth factors, and trends
Segments Covered Component, Technology, Application, End Users, Region
Regional scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Country scope U.S.; Canada; Mexico; U.K.; Germany; France; Italy; Spain; Japan; China; India; South Korea; Singapore; Brazil
Key companies profiled GE Additive (US), Nano Dimension (Israel), Markforged (US), EOS (Germany), Materialise (Belgium), HP (US), Stratasys (US), 3D Systems (US), Beijing Tiertime (China), Desktop Metal (US), ExOne (US), Optomec (US)
3D Printing Market
3D Printing Market Size, Share, Growth, and Forecast Report

Frequently Asked Questions

The global 3D printing market size was estimated at USD 13.90 billion in 2021 and is expected to reach USD 16.74 billion in 2022.
The global 3D printing market is expected to grow at a compound annual growth rate of 20.5% from 2022 to 2030 to reach USD 74.45 billion by 2030.
The vital companies run in the market are Stratasys (US), 3D Systems (US), EOS Gmbh (Germany), Materialise (Belgium), GE Additive (US), and HP (US).
The stereolithography segment led the global 3D printing market and accounted for more than an 8.8% share of the global revenue in 2021.

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