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Global 3D Printing Market – Industry Trends and Forecast to 2031

  • Semiconductors and Electronics
  • Upcoming Report
  • Mar 2024
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global 3D Printing Market – Industry Trends and Forecast to 2031

Market Size in USD Billion

CAGR - % Diagram

Diagram Forecast Period 2023–2031
Diagram Market Size (Base Year) USD 7.39 Billion
Diagram Market Size (Forecast Year) USD 23.41 Billion
Diagram CAGR %

Global 3D Printing Market, By Component (Hardware, Software, and Services), Type (Desktop 3D Printer, and Industrial 3D Printer), Technology (Stereolithography, Fuse Deposition Modeling, Selective Laser Sintering, Direct Metal Laser Sintering, Polyjet Printing, Inkjet printing, Electron Beam Melting, Laser Metal Deposition, Digital Light Processing, Laminated Object Manufacturing, and Others), Software (Design Software, Inspection Software, Printer Software, and Scanning Software), Application (Prototyping, Tooling, and Functional Parts), Vertical (Industrial 3D Printing, and Desktop 3D Printing), Material (Polymer, Metal, and Ceramic) – Industry Trends and Forecast to 2031.

3D Printing Market Analysis and Size

The aerospace industry utilizes 3D printing for manufacturing complex and lightweight components, such as turbine blades and structural elements, which helps enhance fuel efficiency and overall aircraft performance. This technology allows for rapid prototyping, cost-effective production, and customization of intricate parts, leading to streamlined supply chains. 3D printing facilitates the creation of intricate designs that were previously challenging to manufacture using traditional methods, contributing to advancements in aerospace engineering and design.

Data Bridge Market Research analyses the global 3D printing market valued at USD 7.39 billion in 2023, will reach USD 23.41 billion by 2031, growing at a CAGR of 15.50% during the forecast period of 2024-2031. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Report Scope and Market Segmentation      

Report Metric

Details

Forecast Period

2024-2031

Base Year

2023

Historic Years

2022 (Customizable to 2016-2021)

Quantitative Units

Revenue in USD Billion, Volumes in Units, Pricing in USD

Segments Covered

Component (Hardware, Software, and Services), Type (Desktop 3D Printer, and Industrial 3D Printer), Technology (Stereolithography, Fuse Deposition Modeling, Selective Laser Sintering, Direct Metal Laser Sintering, Polyjet Printing, Inkjet printing, Electron Beam Melting, Laser Metal Deposition, Digital Light Processing, Laminated Object Manufacturing, and Others), Software (Design Software, Inspection Software, Printer Software, and Scanning Software), Application (Prototyping, Tooling, and Functional Parts), Vertical (Industrial 3D Printing, and Desktop 3D Printing), Material (Polymer, Metal, and Ceramic)

Countries Covered

U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America

Market Players Covered

ExOne Company (U.S.), Organovo Holdings, Inc.(U.S.), Autodesk, Inc. (U.S.), Arcam AB (Sweden), Optomec, Inc (U.S.), Protolabs (U.S.), Voxelijet AG (Germany), Stratasys Ltd. (Israel), Hoganas AB (Sweden), 3D Systems Corp. (U.S.)

Market Opportunities

  • Expanding Customization to Meet Diverse Population Demands
  • Rise in Digital Literacy Increases the Adoption of 3D Printing Among Common Consumers

Market Definition

3D printing, also known as additive manufacturing, is a process of creating three-dimensional objects layer by layer from digital models. It involves the deposition of successive material layers, such as plastics, metals, or ceramics, to build up a physical object.

Global 3D Printing Market Dynamics

Drivers

  • Rapid Advancement in Printing Technologies Enables the Complex Production

Continuous innovation in materials, processes, and printing platforms has expanded the capabilities of 3D printing, enabling the production of complex and customized objects across diverse industries. Improved speed, precision, and scalability have attracted businesses seeking efficient and cost-effective manufacturing solutions. The evolution of new printing materials, coupled with enhancements in software and hardware, fosters widespread adoption in sectors such as aerospace, healthcare, and automotive.

  • Supply Chain Optimization Fuels the Adoption of 3D Printing Technologies

Companies are adopting 3D printing technologies to streamline production processes, reduce lead times, and enhance efficiency. The ability of 3D printing to enable on-demand and localized manufacturing minimizes the reliance on extensive supply chains, mitigating logistical challenges and reducing costs. As businesses prioritize agility and responsiveness, the demand for 3D printing solutions continues to rise, positioning it as a key driver in reshaping and optimizing global supply chains.

Opportunities

  • Expanding Customization to Meet Diverse Population Demands

The growth in customization stands as a significant opportunity for the global 3D printing market. 3D printing allows for unparalleled flexibility in designing and manufacturing products tailored to individual needs. Industries ranging from healthcare, where personalized medical implants are possible, to manufacturing, where customized prototypes can be rapidly produced, benefit from this trend. Consumer demand for personalized products, such as customized footwear or unique home decor, fuels market growth.

  • Rise in Digital Literacy Increases the Adoption of 3D Printing Among Common Consumers

As people become more digitally perceptive, there is a growing understanding of the capabilities and applications of 3D printing technology. This heightened awareness is such asly to lead to a surge in demand for personalized and customized products, spurring the market's growth. The accessibility and user-friendly nature of 3D printing technologies align well with the expanding digital skills of the general population, creating a favorable environment for the market to cater to a broader consumer base.

Restraints/Challenges

  • Financial Barriers Restraints Adoption for Small and Medium-Sized Enterprises

These enterprises often face budget constraints that make the substantial upfront investment in 3D printers and compatible materials prohibitive. The financial burden extends beyond the equipment itself, encompassing training, maintenance, and ongoing operational expenses. As a result, SMEs may be hesitant to embrace 3D printing, missing its potential benefits in terms of rapid prototyping, customization, and design flexibility. 

  • Concerns Regarding Unauthorized Reproduction of Copyrighted Designs

This concern revolves around the potential misuse of digital files to replicate protected designs without proper authorization. It introduces challenges related to intellectual property infringement and copyright violations, leading to legal complexities and ethical dilemmas. Manufacturers and designers may be hesitant to embrace 3D printing technology due to fears of unauthorized replication, hindering the open sharing of innovative designs.

This global 3D printing market,  report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the global 3D printing market, contact data bridge market research for an analyst brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Developments

  • In November 2023, Autodesk Inc. launched Autodesk AI, integrating generative capabilities and intelligent assistance into their products. The technology aims to reduce errors by automating repetitive tasks, enhancing user efficiency, and meeting customer needs
  • In April 2023, China plans to use 3D printing for lunar habitat construction during upcoming Chang'e missions (6, 7, and 8), signaling a crucial step towards sustainable human presence on the moon. The goal is to explore and leverage reusable resources for long-term habitation
  • In March 2023 saw the unveiling of KEWB by Optomec, a production control software for high-volume manufacturing of printed electronics. KEWB simplifies process integration with features such as operator guidance, vision tools, and industry 4.0 connectivity, catering to applications such as multi-chip packaging, 5G antennas, and heterogenous chip integration
  • In March 2023, 3D Systems, Inc. launched NextDent Cast and NextDent Base, innovative printing materials, along with NextDent LCD1, a user-friendly small-format printer. These additions aim to improve material properties and assist customers in accelerating their adoption of additive manufacturing
  • In February 2022, Dassault Systèmes formed a strategic partnership with Cadence Design Systems, Inc. to provide integrated solutions for high-performance electronic systems development across various industries, including high tech, industrial equipment, transportation, aerospace, defense, and healthcare

Global 3D Printing Market Scope

The global 3D printing market is segmented on the basis of component, type, technology, software, application, vertical, and material. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Component

  • Hardware
  • Software
  • Services

Type

  • Desktop 3D Printer
  • Industrial 3D Printer

Technology

  • Stereolithography
  • Fuse Deposition Modeling
  • Selective Laser Sintering
  • Direct Metal Laser Sintering
  • Polyjet Printing
  • Inkjet printing
  • Electron Beam Melting
  • Laser Metal Deposition
  • Digital Light Processing
  • Laminated Object Manufacturing
  • Others

Software

  • Design Software
  • Inspection Software
  • Printer Software
  • Scanning Software

Application

  • Prototyping
  • Tooling
  • Functional Parts

Vertical

  • Industrial 3D Printing
    • Automotive
    • Aerospace and Defence
    • Healthcare
    • Consumer Electronics
    • Industrial
    • Power and Energy
    • Others
  • Desktop 3D Printing
    • Educational Purpose
    • Fashion and Jewellery
    • Objects
    • Dental
    • Food
    • Others

Material

  • Polymer
  • Metal
  • Ceramic

Global 3D Printing Market Regional Analysis/Insights

The global 3D printing market is analysed and market size insights and trends are provided by component, type, technology, software, application, vertical, and material as referenced above.

The countries covered in the global 3D printing market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America is expected to dominate the 3D printing market due to its advanced technological infrastructure and robust adoption of smart city initiatives. The region benefits from a strong presence of key industry players, fostering innovation and market growth. Additionally, the rising number of research activities further cements North America's dominance in driving advancements and applications of 3D printing technologies.

The Asia-Pacific is expected to experience substantial growth in the 3D printing market, fueled by rapid urbanization, robust infrastructure development, and the widespread adoption of advanced technologies, particularly in China, Japan, and India. The expanding automotive and consumer electronics sectors in the region amplify the demand for 3D printing solutions. Supportive government initiatives and investments in smart city projects contribute to the flourishing 3D printing market in the Asia-Pacific region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Global 3D Printing Market Share Analysis

The global 3D printing market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to the global 3D printing market.

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

  • ExOne Company (U.S.)
  • Organovo Holdings, Inc.(U.S.)
  • Autodesk, Inc. (U.S.)
  • Arcam AB (Sweden)
  • Optomec, Inc (U.S.)
  • Protolabs (U.S.)
  • Voxelijet AG (Germany)
  • Stratasys Ltd. (Isarael)
  • Hoganas AB (Sweden)
  • 3D Systems Corp. (U.S.)


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Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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FREQUENTLY ASK QUESTIONS

The China aims to utilize 3D printing technology for constructing lunar habitats, marking a significant step towards establishing a sustainable human presence on the moon & has unveiled KEWB, a production control software tailored for high-volume manufacturing of printed electronics are the latest developments in the 3D printing market.
The 3D Printing Market growth rate is 15.50% during the forecast period.
The 3D Printing Market size will be worth USD 23.41 billion by 2031 during the forecast period.
The component, type, technology, software, application, vertical, and material are the factors on which the 3D Printing Market research is based.
The major companies in the 3D Printing Market are ExOne Company (U.S.), Organovo Holdings, Inc.(U.S.), Autodesk, Inc. (U.S.), Arcam AB (Sweden), Optomec, Inc (U.S.), Protolabs (U.S.), Voxelijet AG (Germany), Stratasys Ltd. (Israel), Hoganas AB (Sweden), 3D Systems Corp. (U.S.).
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