Industrial 3D Printing Market by Offering (Materials, Printers, Services), Process (Binder Jetting, Direct Energy Deposition, Material Extrusion), Technology, Application, End User - Global Forecast 2024-2030

Industrial 3D Printing Market by Offering (Materials, Printers, Services), Process (Binder Jetting, Direct Energy Deposition, Material Extrusion), Technology, Application, End User - Global Forecast 2024-2030

The Industrial 3D Printing Market size was estimated at USD 3.59 billion in 2023 and expected to reach USD 4.15 billion in 2024, at a CAGR 16.55% to reach USD 10.50 billion by 2030.

Industrial 3D printing, also referred to as additive manufacturing, involves the layer-by-layer construction of three-dimensional objects from digital models. Increasing demand for rapid prototyping, allowing for quick and cost-effective product development, is driving the growth of the industrial 3D printing market. The technology's ability to produce complex geometries and customized components is another significant driver, enabling manufacturers to address diverse needs. Additionally, the pursuit of operational efficiency and reduced waste in manufacturing processes further fuels the adoption of industrial 3D printing. Material limitations and quality control and standardization issues hamper the industrial 3D printing market. Growing adoption in the healthcare sector where personalized medical devices and implants can be tailored to individual patients is expected to create a platform for market growth. Rising research & development activities by market vendors to introduce novel industrial 3D printing solutions are expected to create opportunities for market growth.

Regional Insights

The industrial 3D printing market in the Americas is experiencing robust growth driven by factors such as increased demand for rapid prototyping, customization capabilities, and a focus on operational efficiency. The region's strong manufacturing sector is adopting 3D printing for its ability to create complex components with precision. Additionally, industries, including aerospace and healthcare in the Americas, are leveraging this technology for streamlined production and personalized applications, contributing to the overall expansion of the industrial 3D printing market in the region. In the Asia-Pacific region, the industrial 3D printing market is flourishing due to a surge in manufacturing activities, particularly in countries such as China and Japan. The emphasis on technological innovation, coupled with the growing demand for customized products and prototypes, propels the adoption of 3D printing across various industries. In the EMEA region, the industrial 3D printing market is witnessing substantial expansion driven by a combination of advanced manufacturing initiatives and a focus on sustainable practices. European countries, in particular, are at the forefront of integrating 3D printing for aerospace and healthcare applications. The emphasis on reducing environmental impact aligns with the technology's capacity to minimize material waste, further boosting its adoption. The EMEA region showcases a diverse landscape of opportunities, with industries leveraging industrial 3D printing for both precision engineering and innovative design solutions.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Industrial 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

Growing digital transformation with an increasing need for greater manufacturing flexibility
Increasing adoption of 3D printing across aerospace and automotive industries
Rising government investment supporting 3D printing

Market Restraints

High cost of development of industrial 3D printing solutions

Market Opportunities

Growing introduction of technologically advanced 3D printing solutions
Rising emphasis on sustainability and customized solutions

Market Challenges

Certain technical limitations with the industrial 3D printing solutions

Market Segmentation Analysis

Offering: Growing adoption of software to digitize real-world objects for quality inspection
Process: High potential of material extrusion process for prototyping and low-volume production
Technology: Rising adoption of fused deposition modeling technology due to its cost-effective and user-friendly nature
Application: Growing application of industrial 3D printing for manufacturing to reduce lead times and accelerates time-to-market for new products
End User: Growing adoption of 3D printing across the consumer goods industry to ensure speed and readiness of products

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 Industrial 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 Industrial 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

Eplus3D, IGO3D Announce Strategic Partnership for Metal 3D Printing

Eplus3D formed a partnership with IGO3D for the evolution of industrial additive manufacturing. The union of Eplus3D's state-of-the-art metal 3D printing technologies and vast expertise with IGO3D’s forward-thinking solutions and deep industry knowledge paves the way for unprecedented advancements. The synergy between the two enterprises is set to address existing challenges, delivering unmatched value to their customer base and playing a pivotal role in shaping the future of advanced manufacturing. Both Eplus3D and IGO3D are poised to leverage each other’s strengths, reinforcing IGO3D’s dedication to equipping its clients with the most sophisticated and effective 3D printing solutions. By integrating resources and sharing insights, Eplus3D and IGO3D aim to accelerate the adoption of 3D printing in industrial applications, ensuring that their customers remain at the forefront.

Azul 3D Raises USD 15 Million in Series A Funding to Advance 3D Printing Technology

Azul 3D raised USD 15 million in its Series A funding round, bringing together a consortium of new and existing investors. The influx of capital is set to catalyze the company's technological advancements, particularly in the realm of high-value manufacturing applications. Azul 3D's inventive High-Area Rapid Printing (HARP) technology stands at the forefront of these developments. HARP distinguishes itself by utilizing UV light within a vat polymerization process to meticulously craft thermally controlled, high-quality objects from liquid plastic, delivering superior material properties. The strategic funding is expected to bolster Azul 3D's scaling efforts, focusing on production ramp-up within critical markets that can benefit from its cutting-edge 3D printing capabilities.

HP and Materialise Partner to Drive Volume 3D Printing

Materialise partnered with HP Inc. to enhance the integration of HP's advanced Multi Jet Fusion and Metal Jet additive manufacturing technologies into Materialise's CO-AM software platform. This significant collaboration aims to empower manufacturing enterprises by elevating the efficiency and quality of their 3D printing processes, aligning them with rigorous industrial standards. The joint endeavor targets the volume production of finished components using 3D printing, marking a pivotal step toward scaling additive manufacturing capabilities. This venture is poised to reshape manufacturing processes, providing a streamlined pathway for adopting additive manufacturing at scale and optimizing the production of end-use parts with enhanced precision, speed, and reliability.

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 Industrial 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 Industrial 3D Printing Market, highlighting leading vendors and their innovative profiles. These include 3D Systems, Inc., Aconity GmbH, AddUp, SAS, Adobe Inc., Aurora Labs Limited, Canon, Inc., Desktop Metal, Inc., EOS GmbH, Evolve Additive Solutions, Inc., General Electric Company, Hewlett-Packard Company, Höganäs AB, JENOPTIK AG, KLA Corporation, Koninklijke Philips N.V., Lexmark International, Inc., Matsuura Machinery Corporation, Metrologic Group SAS, Mitsubishi Electric Corporation, Modix Modular Technologies Ltd., Nikon Corporation, Orbital Express Launch Limited, Renishaw PLC, SGS SA, and Stratasys Ltd.

Market Segmentation & Coverage

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

Offering
Materials
Ceramics
Glass
Quartz
Silica
Metals
Aluminum
Cobalt-Chromium
Gold
Inconel
Silver
Steel
Titanium
Plastics
Nylon
Photopolymers
Polycarbonate
Polylactic Acid
Polypropylene
Polyvinyl Alcohol
Thermoplastics
Printers
Services
Consulting Services
Manufacturing Services
Software
Design Software
Inspection Software
Printing Software
Scanning Software
Process
Binder Jetting
Direct Energy Deposition
Material Extrusion
Material Jetting
Powder Bed Fusion
Sheet Lamination
Vat Photopolymerization
Technology
Digital Light Processing
Direct Metal Laser Sintering
Electron Beam Melting
Fused Deposition Modelling
Inkjet Printing
Laminated Object Manufacturing
Laser Metal Deposition
Poly-Jet Printing
Selective Laser Sintering
Stereolithography
Application
Manufacturing
Prototyping
End User
Aerospace & Defense
Automotive
Consumer Goods
Food & Culinary
Foundry & Forging
Healthcare
Jewelry
Oil & Gas
Printed Electronics
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