Global Material Jetting (MJ) Equipment Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Material Jetting (MJ) Equipment Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Material jetting creates objects in a similar method to a two dimensional ink jet printer. Material is jetted onto a build platform using either a continuous or Drop on Demand (DOD) approach. Material is jetted onto the build surface or platform, where it solidifies and the model is built layer by layer.

Market Overview:

The latest research study on the global Material Jetting (MJ) Equipment market finds that the global Material Jetting (MJ) Equipment market reached a value of USD 862.16 million in 2022. It’s expected that the market will achieve USD 1612.6 million by 2028, exhibiting a CAGR of 11.0% during the forecast period.

Drivers

In developing market, with their development of economy and technology, Material Jetting (MJ) Equipment industry has experienced robust growth in the last few years due to the development of 3D printing. Increasing awareness about the benefits of using 3D printing over conventional methods of manufacturing is supporting its growth. Furthermore, the ongoing technological advancements are expected to expand the application areas of 3D printing thus driving the growth of the material jetting equipment industry during the forecast period. Ease in the development of customized products, reduction in manufacturing cost, and government investments in 3D printing projects are some of the other factors favoring the prosperity of the global material jetting equipment industry market.

In developed market, except for the above, they have more companies, good channels, highly market maturity, fierce competition, a highly competent management team, technology and finance advantages, keep on innovation, prominent market participants invest heavily in R&D, with introduction of new technologies to their products, all of which make a growing market demand for Material Jetting (MJ) Equipment.

Region Overview:

North America had the highest growth rate of all regions.

Company Overview:

Stratasys (Objet) is one of the major players operating in the Material Jetting (MJ) Equipment market, holding a share of 37.94% in 2018.Stratasys Ltd. is a provider of additive manufacturing (AM) solutions for the creation of parts used in the processes of designing and manufacturing products and for the direct manufacture of end parts. The Company's solutions include products ranging from entry-level desktop 3D printers to systems for rapid prototyping (RP) and production systems for direct digital manufacturing (DDM). The Company also develops, manufactures and sells materials for use with its systems and provides related services offerings. The Company's 3D printing consumable materials consists of 38 Polyjet/Fused Deposition Modeling (FDM), cartridge-based materials, five Smooth Curvature Printing (SCP), inkjet-based materials and 138 non-color digital materials and over 1,000 color variations. The Company's services offerings include Stratasys Direct Manufacturing printed parts service, as well as its professional services.

3D Systems Corporation

The Company is a provider of three-dimensional (3D) printing centric solutions. It provides 3D design-to-manufacturing solutions, including 3D printers, print materials and cloud sourced custom parts. Its healthcare solutions include end-to-end simulation, training and planning and printing of surgical instruments and devices for personalized surgery and patient specific medical and dental devices. It also provides software and haptic and perceptual devices for design, including 3D digital design, scan-to-computer-aided design (CAD), scan-to-print, reverse engineering, inspection, sculpting and medical modeling and simulation applications. For its healthcare customers it also offers virtual surgical planning and medical modeling services, digitizing scanners and simulation products. The Company operates in the Americas, Europe, the Middle East and the Asia Pacific regions.

Segmentation Overview:

Among different product types, Continuous Approach segment is anticipated to contribute the largest market share in 2027.

Application Overview:

By application, the Industrial Tools segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Material Jetting (MJ) Equipment market covered in Chapter 3:

Vader Systems
Voxeljet
HP
Stratasys (Objet)
3D Systems
Xjet

In Chapter 4 and Chapter 14.2, on the basis of types, the Material Jetting (MJ) Equipment market from 2018 to 2029 is primarily split into:

Drop on Demand
Continuous Approach

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Material Jetting (MJ) Equipment market from 2018 to 2029 covers:

Medical Industry
Jewelry Industry
Industrial Tools
Automotive Industry

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)