Pune, India, June 07, 2023 (GLOBE NEWSWIRE) -- According to Fortune Business Insights, global 3D printing market size was valued at USD 18.33 billion in 2022 and is projected to grow from USD 22.40 billion in 2023 to USD 105.99 billion by 2030, exhibiting a CAGR of 24.9% during the forecast period. Rising Investments in 3D Technologies to accelerate the market. Fortune Business Insights, provide this information in its report titled, Global 3D Printing Market Forecast, 2023-2030.
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Key Industry Development-
April 2023: Printing equipment supplier, Nexa3D acquired AddiFab to expand its printing technology. This takeover will incorporate NXE 400 SLA 3D printers with AddiFab’s Freeform Injection Molding technology.
Key Takeaways
- 3D printing market size in North America was USD 6.83 Billion in 2022
- Surging Investments in Software and Services Segment to Bolster Growth Opportunities
- Prototyping Applications to Hold Maximum Market Share
- Global demand is driven by Automotive Segment
Discover the Leading Players Featured in the Report:
“Companies leading the global 3D printing market are 3D Systems Corporation (U.S.), The ExOne Company (Germany), voxeljet AG (Germany), Materialise NV (Belgium), Redwire Corporation (U.S.), Envisiontec, Inc. (Germany), Stratasys Ltd. (U.S.), HP, Inc. (U.S.), General Electric Company (GE Additive) (U.S.), Autodesk Inc. (U.S.)”
Report Scope & Segmentation
| Report Coverage | Details |
| Forecast Period | 2023 to 2030 |
| Forecast Period 2023 to 2030 CAGR | 24.9% |
| 2030 Value Projection | USD 105.99 Billion |
| Base Year | 2022 |
| 3D Printing Market Size in 2022 | USD 18.33 Billion |
| Historical Data for | 2019 to 2021 |
| No. of Pages | 150 |
| Segments covered | Component, Technology, Application, End User and Geography |
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Drivers and Restraints:
Growing Utility For Minimizing Wastage Of Material To Boost Revenue Generating Opportunities
With an aim to create precision prototypes, 3D printing has shown immense traction for manufacturing various hardware parts. Some other factors that have bolstered the demand for the product are the increasing adoption of advanced technologies and rapidly increasing digitization such as robotics, machine learning, industry 4.0, and smart factories. Owing to higher accuracy, the technology will play a precious role in minimizing waste material, thereby boosting 3D printing in the healthcare market share.
Segmentation:
By Component
- Hardware
- Software
- Services
By Technology
- Fused Deposition Modeling (FDM)
- Selective Laser Sintering (SLS)
- Stereolithography (SLA)
- Direct Metal Laser Sintering (DMLS)/ Selective Laser Melting (SLM)
- Polyjet
- Multi Jet Fusion
- Digital Light Processing (DLP)
- Binder Jetting
- Electron Beam Melting (EBM)
- Continuous Liquid Interface Production (CLIP)/ Continuous Digital Light Projection (CDLP)
- Selective Deposition Lamination (SDL)
- Laminated Object Manufacturing (LOM)
By Application
- Prototyping
- Production
- Proof of Concept
- Others (R&D, Tooling, and Others)
By End User
- Automotive
- Aerospace and Defense
- Healthcare
- Architecture and Construction
- Consumer Products
- Education
- Others (Food, Fashion, and Others)
By Region
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- South America
Regional Insights:
Expanding Research Institutes to Foster the North America market Size
North America 3D printing market growth will witness an upward trajectory due to hefty investments in advanced manufacturing technologies. Furthermore, various government agencies, such as the National Aeronautics and Space Administration (NASA), are injecting funds into R&D that can contribute to creating new technologies and space applications that will solidify the value proposition of leading companies to expand their footfall.
Europe is likely to provide promising opportunities with Germany, France, Italy, and the U.K. investing heavily in semiconductors to meet the immense demand in several sectors.
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Competitive Landscape:
Prominent Industry Giants to Focus on Product Rollout to Underpin Their Portfolios
The competitive scenario of global 3D printing suggests leading companies could emphasize organic and inorganic strategies. Both new entrants and well-established players are likely to inject funds into product launches, technological advancements, and mergers & acquisitions. One of the crucial industrial development is highlighted below:
FAQs
How big is the 3D printing market?
3D printing market size was USD 18.33 billion in 2022. It is expected to reach USD 105.99 billion by 2030.
How fast is the 3D printing market growing?
The 3D printing market will exhibit a CAGR of 24.9% during the forecast period, 2023-2030.
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