3D Printing Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of 3D Printing Market
The 3D Printing market size was valued at USD 22.39 billion in 2023, and the market is now projected to grow from USD 27.52 billion in 2024 to USD 150.20 billion by 2032, exhibiting a CAGR of 23.6% during the forecast period of 2024-2032.
The 3D printing market is widely applied in the automotive industries, aerospace healthcare, printing technology for applications such as industrial 3D printing for manufacturing of varied purposes pertaining to building interior spare parts ofrocket engines and satellites. The rapid cooling technique and customization of the automotive parts or interiors are the major features incorporated facilitates the larger adoption of 3D printing machine market.
The COVID-19 pandemic created significant crisis on the industrial sector as there was a disruption in the supply chain and prolonged halt in the production that affected the overall global industrial production chain owing to a sharp decline due to high demand for online 3D printing in simulation machines that impacted the 3D printing market growth.
The Software Development companies are the reason that drivers the 3D printing market share as this sector is well adapting to streamline the operations needed for the upgradation and development of new technologies as they have extensive network of tech-savvy and startup market that channelizes faster and reliable production of polymer printers and3D printers enhancing the manufacturing processes of technology efficiently.
Increasing digitization and higher adoption of technological advancements are the primary reasons of the recent trends in the market and factories of machine learning, field of robotics and Industry 4.0
Comprehensive Analysis of 3D Printing Market
The 3D Printing market and Information and Communication technology is rising at an exponential rate due to its market segmentation. This market expansion effectively provides a detailed regional assessments considering the dominant demand that influence the technological industries. These segmentations are methodically segregated By Component , By Technology, By application and by End User. The By Component types include Hardware, Software and Services. The By Technology types include devices such as FDM, SLS, SLA, DMLS/SLM, Polyjet, Multi Jet Fusion, DLP, Binder Jetting, EBM, CLIP/CDLP, SDL and LOM. The segregation of by Application type include Prototyping, Production, Proof of Concept and Others and the By End Users industrial sectors comprise of Automotive, Aerospace, and Defense, Healthcare, Architecture and Construction, Consumer Products, Education, Other sectors.
The North America is the leading region and potential beneficiary of 3D printing technology and is at the forefront with a market size of USD 8.18 billion in 2023 due to increased financial investments of governmentinto the start-ups and initiation of governmental policies to increase the adoption of advanced technology.
The top players in the market play a crucial role in the information and communication technology assuring advanced technological prospectus with setting market standards. These players include, 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.) these market players provide a level-playing competitive landscape.
In April 2023, Nexa3D has acquired AddiFab and presented a new developmental breakthrough AddiFab, the Freeform Injection Molding technology supported by NXE 400 SLA 3D printers that is a printingequipment supplier adopted for an expanded printing technology.
Segmentation Table
Attribute Details
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 23.6% from 2024 to 2032
Unit Value (USD billion)
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 (By Component, By Technology, By Application, By End User, and By Country)
-U.S. (By Application)
-Canada (By Application)
Europe (By Component, By Technology, By Application, By End User, and By Country)
-U.K. (By Application)
-Germany (By Application)
-France (By Application)
-Italy (By Application)
-Spain (By Application)
-Rest of Europe
Asia Pacific (By Component, By Technology, By Application, By End User, and By Country)
-China (By Application)
-Japan (By Application)
-India (By Application)
-Southeast Asia (By Application)
-Rest of Asia Pacific
Middle East & Africa (By Component, By Technology, By Application, By End User, and By Country)
-GCC (By Application)
-South Africa (By Application)
-Rest of the Middle East & Africa
Latin America (By Component, By Technology, By Application, By End User, and By Country)
-Brazil (By Application)
-Mexico (By Application)
-Argentina (By Application)
-Rest of Latin America
Growth Factors of 3D Printing Market
The 3D Printing market size was valued at USD 22.39 billion in 2023, and the market is now projected to grow from USD 27.52 billion in 2024 to USD 150.20 billion by 2032, exhibiting a CAGR of 23.6% during the forecast period of 2024-2032.
The 3D printing market is widely applied in the automotive industries, aerospace healthcare, printing technology for applications such as industrial 3D printing for manufacturing of varied purposes pertaining to building interior spare parts ofrocket engines and satellites. The rapid cooling technique and customization of the automotive parts or interiors are the major features incorporated facilitates the larger adoption of 3D printing machine market.
The COVID-19 pandemic created significant crisis on the industrial sector as there was a disruption in the supply chain and prolonged halt in the production that affected the overall global industrial production chain owing to a sharp decline due to high demand for online 3D printing in simulation machines that impacted the 3D printing market growth.
The Software Development companies are the reason that drivers the 3D printing market share as this sector is well adapting to streamline the operations needed for the upgradation and development of new technologies as they have extensive network of tech-savvy and startup market that channelizes faster and reliable production of polymer printers and3D printers enhancing the manufacturing processes of technology efficiently.
Increasing digitization and higher adoption of technological advancements are the primary reasons of the recent trends in the market and factories of machine learning, field of robotics and Industry 4.0
Comprehensive Analysis of 3D Printing Market
The 3D Printing market and Information and Communication technology is rising at an exponential rate due to its market segmentation. This market expansion effectively provides a detailed regional assessments considering the dominant demand that influence the technological industries. These segmentations are methodically segregated By Component , By Technology, By application and by End User. The By Component types include Hardware, Software and Services. The By Technology types include devices such as FDM, SLS, SLA, DMLS/SLM, Polyjet, Multi Jet Fusion, DLP, Binder Jetting, EBM, CLIP/CDLP, SDL and LOM. The segregation of by Application type include Prototyping, Production, Proof of Concept and Others and the By End Users industrial sectors comprise of Automotive, Aerospace, and Defense, Healthcare, Architecture and Construction, Consumer Products, Education, Other sectors.
The North America is the leading region and potential beneficiary of 3D printing technology and is at the forefront with a market size of USD 8.18 billion in 2023 due to increased financial investments of governmentinto the start-ups and initiation of governmental policies to increase the adoption of advanced technology.
The top players in the market play a crucial role in the information and communication technology assuring advanced technological prospectus with setting market standards. These players include, 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.) these market players provide a level-playing competitive landscape.
In April 2023, Nexa3D has acquired AddiFab and presented a new developmental breakthrough AddiFab, the Freeform Injection Molding technology supported by NXE 400 SLA 3D printers that is a printingequipment supplier adopted for an expanded printing technology.
Segmentation Table
Attribute Details
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 23.6% from 2024 to 2032
Unit Value (USD billion)
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 (By Component, By Technology, By Application, By End User, and By Country)
-U.S. (By Application)
-Canada (By Application)
Europe (By Component, By Technology, By Application, By End User, and By Country)
-U.K. (By Application)
-Germany (By Application)
-France (By Application)
-Italy (By Application)
-Spain (By Application)
-Rest of Europe
Asia Pacific (By Component, By Technology, By Application, By End User, and By Country)
-China (By Application)
-Japan (By Application)
-India (By Application)
-Southeast Asia (By Application)
-Rest of Asia Pacific
Middle East & Africa (By Component, By Technology, By Application, By End User, and By Country)
-GCC (By Application)
-South Africa (By Application)
-Rest of the Middle East & Africa
Latin America (By Component, By Technology, By Application, By End User, and By Country)
-Brazil (By Application)
-Mexico (By Application)
-Argentina (By Application)
-Rest of Latin America
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