3D Printing Market by Component (Hardware, Services, Software), Printer Type (Desktop 3D Printer, Industrial 3D Printer), Technology, Material, Vertical - Global Forecast 2024-2030

3D Printing Market by Component (Hardware, Services, Software), Printer Type (Desktop 3D Printer, Industrial 3D Printer), Technology, Material, Vertical - Global Forecast 2024-2030

The 3D Printing Market size was estimated at USD 19.85 billion in 2023 and expected to reach USD 22.30 billion in 2024, at a CAGR 12.71% to reach USD 45.91 billion by 2030.

3D printing, referred to as additive manufacturing, is a method that creates three-dimensional objects from a digital file. It involves adding material layer by layer to build an object, which differentiates it from traditional manufacturing methods that often require cutting away material to shape an object. This process produces complex shapes with less waste compared to conventional manufacturing methods. The expansion of material options, including advanced polymers and metals, opens up new industry applications for 3D printing, particularly in sectors including aerospace and automotive, where material properties are critical. The demand for customized products is rising across many industries. 3D printing's ability to efficiently produce customized items without the need for costly mold changes and setups encourages its adoption. However, high costs and the technical and operational issues associated with 3D printing limit the market growth. Furthermore, continuous improvements in 3D printing technology, such as faster printing speeds and increased precision, directly contribute to market growth by expanding the range of possible applications. 3D printing shows an opportunity to significantly alter traditional construction processes by enabling more sustainable practices and reducing material waste and overall costs.

Regional Insights

The American region is significant in 3D printing, both in terms of technology adoption and market size. High investments in R&D activities, coupled with a robust patent landscape, dominate the sector. Universities and companies often collaborate to innovate and drive the industry forward. Major industries include aerospace, healthcare, and automotive, where customized parts are in high demand. The EU demonstrates strong engagement in 3D printing, supported by numerous policies that encourage research and deployment in industrial and healthcare applications. Germany, in particular, shows extensive activity in patenting new 3D printing technologies. Moreover, the EU's high environmental standards push for innovations in sustainable 3D printing materials. With vast investments in infrastructure and a growing focus on healthcare, the Middle East is increasingly adopting 3D printing. The region is keen to deploy these technologies for building construction and medical prosthetics. In the APAC, China has rapidly become a global hub for 3D printing manufacturing, backed by governmental industrial policies promoting the integration of 3D printing technologies in high-value industries such as automotive, healthcare, and electronics. Japan focuses heavily on precision and advanced materials in 3D printing, with significant investments from its automotive and electronics giants. India's 3D printing market is burgeoning, primarily driven by the automotive and aerospace industries. Government initiatives to support the manufacturing sector further catalyze its growth, particularly in terms of localized production and educational projects to spur talent development.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the 3D Printing Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers

• Inclination towards Industry 4.0 technologies worldwide
• Expanding applications in the aerospace and automotive sector
• Growing adoption to create complex geometrics and prototypes

Market Restraints

• High costs associated with 3D printing

Market Opportunities

• Technological advancements in 3D printing technology
• Rising investments in development of 3D printing robots

Market Challenges

• Technical and operational issues associated with 3D printing

Market Segmentation Analysis

• Component: Ongoing advancements in 3D printing hardwares to expand its efficiency and applications
• Vertical: Expansion of automotive sectors boost the demand of 3D printing to produce efficient components

Market Disruption Analysis

• Porter’s Five Forces Analysis
• Value Chain & Critical Path Analysis
• Pricing Analysis
• Technology Analysis
• Patent Analysis
• Trade Analysis
• Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the 3D Printing Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the 3D Printing Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

Introduction of Formlabs' Form 4 and Form 4B for Enhanced Speed, Reliability, and User Experience

Formlabs has unveiled its latest innovations in 3D printing technology with the release of Form 4 and Form 4B, marking a significant leap in performance and user accessibility in professional additive manufacturing. These models introduce the Low Force Display (LFD) print engine, a move away from traditional laser-based systems, which harnesses a high-power backlight and dual-layer, flexible film resin tank, achieving printing speeds up to five times faster than their predecessor, the Form 3+.

Slant 3D's Beta Release of Global API for Immediate Production and Delivery

Slant 3D has initiated the beta phase of its API, designed to democratize manufacturing by leveraging its extensive FDM 3D printing farms. This API provides developers with complimentary access to automate the print process from design submission to delivery, thus expediting the creation of custom, on-demand products.

Align Technology Enhances 3D Printing Capabilities with Cubicure Acquisition

Align Technology, Inc. has purchased Cubicure GmbH, which produces direct 3D printing solutions for polymer additive manufacturing. This acquisition, valued at approximately Euro 79 million, marks a significant enhancement in Align’s capabilities, particularly in innovative materials and advanced manufacturing processes. Cubicure is recognized for its patented Hot Lithography technology, which optimizes the use of highly viscous resins to create durable, temperature-resistant polymers through an advanced 3D printing process.

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the 3D Printing Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the 3D Printing Market, highlighting leading vendors and their innovative profiles. These include 3D Systems, Inc., ABB Ltd., ADAXIS SAS, ADDICT3D, Arc Wireless Solutions, Inc., Beijing Tiertime Technology Co., Ltd., Carbon, Inc., CEAD B.V., Comau S.p.A., Continuous Composites Inc., Denso Corporation, Desktop Metal, Inc., Divergent Technologies, Doosan Robotics Inc., Dyze Design, Inc., Engineering Technique, EOS GmbH, FACFOX, INC., Fanuk Corporation, Hans WEBER Maschinenfabrik GmbH, Hewlett-Packard Development Company, L.P., Hyperion Robotics Oy, Hypertherm, Inc., Höganäs AB, Innse-Berardi S.p.A., iRobot Corporation, Kawasaki Heavy Industries, Ltd., Koninklijke Philips N.V., KUKA AG, Massive Dimension, Materialise NV, Meltio3D, Mitsubishi Electric Corporation, MX3D, Omron Corporation, Optomec Inc., Orbital Composites Inc., Siemens AG, Stratasys, Ltd., taulman3D, LLC, The ExOne Company, Titan Robotics Inc., Universal Robots A/S, Vertex Dynamix LLC., VOiLA3D, Yaskawa Electric Corporation, and Yizumi Holdings Co., Ltd..

Market Segmentation & Coverage

This research report categorizes the 3D Printing Market to forecast the revenues and analyze trends in each of the following sub-markets:

• Component
• Hardware
• Services
• Software
• Printer Type
• Desktop 3D Printer
• Industrial 3D Printer
• Technology
• Digital Light Processing
• Direct Metal Laser Sintering
• Electron Beam Melting
• Fused Deposition Modeling
• Inkjet printing
• Laminated Object Manufacturing
• Laser Metal Deposition
• Polyjet Printing
• Selective Laser Sintering
• Stereolithography
• Material
• Ceramic
• Metal
• Polymer
• Vertical
• Desktop 3D Printing
• Dental
• Educational Purpose
• Fashion & Jewelry
• Food
• Objects
• Industrial 3D Printing
• Aerospace & Defense
• Automotive
• Consumer Electronics
• Healthcare
• Power & Energy

Region

Americas

Argentina

Brazil

Canada

Mexico

United States

California

Florida

Illinois

New York

Ohio

Pennsylvania

Texas

Asia-Pacific

Australia

China

India

Indonesia

Japan

Malaysia

Philippines

Singapore

South Korea

Taiwan

Thailand

Vietnam

Europe, Middle East & Africa

Denmark

Egypt

Finland

France

Germany

Israel

Italy

Netherlands

Nigeria

Norway

Poland

Qatar

Russia

Saudi Arabia

South Africa

Spain

Sweden

Switzerland

Turkey

United Arab Emirates

United Kingdom

Please Note: PDF & Excel + Online Access - 1 Year