Pune, India, Oct. 10, 2023 (GLOBE NEWSWIRE) -- The global 3D printing market size was valued at USD 18.33 billion in 2022 and is projected to reach USD 105.99 billion by 2030, exhibiting a CAGR of 24.9% over the forecast period. Fortune Business Insights presents this information in their latest report titled "Global 3D Printing Market Forecast, 2023-2030."
Major driving factors such as promptly surging digitization, bolstering implementation of progressive technologies like Industry 4.0, smart factories, robotics, Machine Learning (ML), and others are predicted to thrust the demand for online 3D printing for simulation intentions.
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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.
Optomec Inc. delivered a 3D printed electronics system to the U.S.-based healthcare manufacturer. The system will be used for production of diagnostic medical devices.
Key Takeaways
- 3D printing market size in North America was USD 6.83 billion in 2022
- Manufacturers' growing investments in 3D technology to boost the market.
- In 2021, automotive industry held a maximum share.
- By technology, fused Deposition Modeling (FDM) technology holds maximum share followed by manufacturing industry.
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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Driving Factors:
- Crucial Investments of Governments and Tech Mega-Companies to Nurture Market Growth
- Numerous nations across the world are facing substantial digital disturbances in progressive production technologies.
- The U.S. is a possible user of 3D technology. For instance, in 2018, the U.S. Department of Defence involved this technology as an indispensable ability in their budget.
- Even tech software mega-companies such as Autodesk, Microsoft, and HP have unveiled products intended at additive and 3D printing manufacturing.
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 Defence
- 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:
North America to Lead due to Increasing Spending in Advanced Countries
North America held the largest 3D printing market share in the global market primarily owing to surging spending on progressive manufacturing technologies by established nations such as Canada and the U.S.
Europe holds the second-highest market share in the global market. The demand for this technology is elevated among small and medium-sized industries that necessitate great-speed, dependable, and low-cost examples for manufacturing intentions.
Asia Pacific is predicted to grow at the biggest CAGR during the forecast period.
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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.
FAQs
How big is the 3D printing market?
The global 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 global 3D printing market will exhibit a CAGR of 24.9% during the forecast period, 2023-2030.
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