Global Industrial 3D Printing Market 2023-2030

Global Industrial 3D Printing Market 2023-2030

Global Industrial 3D Printing Market Size, Share & Trends Analysis Report by Offering (Printers, Materials, Software and Services), by Technology (Stereolithography, Fused Deposition Modelling, Electron Beam Melting, Selective Laser Sintering, Digital Light Projection and Others), and by End -Users (Automotive, Aerospace and Defense, Food and Culinary, Printed Electronics, Foundry and Forging and Others), Forecast Period (2023-2030)

The global industrial 3D printing market is anticipated to grow at a significant CAGR of 12.1% during the forecast period (2023-2030). The growing adoption of 3D printed molds using heat-resistant resins is the key factor supporting the growth of the market globally. This printers unlocks new production possibilities at speeds exponentially faster than comparable industrial printers. They can produce the same output as four of the next fastest industrial 3D printer on the market. To deliver unrivaled productivity and print success for industrial users key players are looking to scale additive production. The market players are also focusing on introducing fastest additive industrial 3D printing solutions that further bolster the market growth. For instance, in May 2023, Nexa3D launched XiP Pro Industrial 3D Printer. XiP Pro delivers the highest daily throughput at the lowest operational costs for the production of industrial and medical device components, enabling onshoring and reshoring efforts with additive manufacturing.

Segmental Outlook

The global industrial 3D printing market is segmented on the offering, technology, and end-users. Based on the offering, the market is sub-segmented into printers, materials, software and services. Based on the technology, the market is sub-segmented into stereolithography, fused deposition modelling, electron beam melting, selective laser sintering, digital light projection and others (direct metal laser sintering, polyjet printing, inkjet printing, laser metal deposition). Further, on the basis of end users, the market is sub-segmented into automotive, aerospace and defense, food and culinary, printed electronics, foundry and forging and others (healthcare, Jewellery, oil and gas, consumer goods).Among the end users, the printed electronics sub-segment is anticipated to hold a considerable share of the market owing to the flexible substrates, that lowers production costs and allow the fabrication of mechanically flexible circuits

The Digital Light Projection Sub-Segment is Anticipated to Hold a Considerable Share of the Global Industrial 3D Printing Market

Among the technology, the digital light projection sub-segment is expected to hold a considerable share of the global industrial 3D printing market. The segmental growth is attributed to the growing influence of digital additive-manufacturing technology combined with simultaneous spatial control and coordinated control of machining conditions that delivers stable, high-quality 3D printing. Furthermore, it contributes to manufacturing in a decarbonized era by reducing energy consumption, saving resources by shortening processing time and using highly efficient production methods.For instance, in February 2022, Mitsubishi Electric Corp. launched two models of the ""AZ600"" wire-laser metal 3D printer, which melts welding wire with a laser beam to create high-quality 3D structures. Additionally, a new contract printing service utilizing these printers helps the adoption of additive manufacturing by offering product design consultation, prototyping and general advice about the application of 3D metal printing.

Regional Outlook

The global industrial 3D printing market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia), and the Rest of the World (the Middle East & Africa, and Latin America. Among these, Asia-Pacific is anticipated to hold a prominent share of the market across the globe, owing to the increase in spending by the government on the expansion of industrial 3D printing technology and the rise in the sale of professional printers.

North Americais Expected to Grow at a Significant CAGR in the Global Industrial 3D Printing Market

Among all regions, the North America region is anticipated to grow at a considerable CAGR over the forecast period. Regional growth is attributed to increased users in aerospace & defense and automotive which are major end-use industries of industrial 3D printing in this region. According to the Organization for Economic Co-operation and Development (OECD), in November 2021, On average, an increase of around $14000 million in imports of 3D printers is associated with a $3.3 million increase in the value of exports of 3D printable goods. The demand for high strength and lightweight parts in the aerospace & defense industry and the increasing production of electric vehicles have fueled the demand for 3D-printed metal parts. Increasing substantial adoption and manufacturing of products based on 3D printing technology drive the growth of the industrial 3D printing market in North America. The key market players include 3D Systems, Inc., Stratasys, Ltd., ExOne, Optomec, Inc., ENVISIONTEC, INC. and others.

Additive manufacturing companies to effectively target a variety of final parts taking advantage of the benefits of advanced 3D printing technology. For instance, in November 2022, Lubrizol launched a new TPU Solution for HP Multi Jet Fusion 3D Printing Technology. This grade is exclusively designed and certified for HP’s Jet Fusion 5200 series, a 3D printing solution ideal for production applications.

Market Players Outlook

The major companies serving the industrial 3D printing market include 3D Systems, Inc., GENERAL ELECTRIC, HP Inc., SLM Solutions, Stratasys, and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in November 2023, Nikon SLM Solutions partnered with Materialize to Propel and interlink metal 3D printing capabilities. This collaboration is poised to equip manufacturers with the right machine and the autonomy to customize their 3D printing processes.

The Report Covers

Market value data analysis of 2022 and forecast to 2030.

Annualized market revenues ($ million) for each market segment.

Country-wise analysis of major geographical regions.

Key companies operating in the global industrial 3D printing market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.

Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.

Analysis of market-entry and market expansion strategies.

Competitive strategies by identifying ‘who-stands-where’ in the market.