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3D Printing Market, Global Forecast, Additive Manufacturing Industry Trends, Impact of Coronavirus, Growth, Opportunity, and Company Analysis

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    Report

  • 175 Pages
  • July 2021
  • Region: Global
  • Renub Research
  • ID: 5393521

Worldwide 3D printing is becoming a mainstream manufacturing technology. It is becoming more accessible globally as consumers have begun to innovate across various industries. 3D printing is extensively adopted in the industrial sector owing to the increasing need for enhanced product manufacturing. 3D printing is also known as additive manufacturing, and its technology creates objects. It offers a plethora of opportunities in the production, design, performance of novel architectural forms, construction systems, and materials. It is a faster, innovative, and more agile method of product development and production. According to the publisher, the Global 3D Printing Market is expected to be US$ 48.4 Billion by 2027.




 


Across the Globe, 3D printing and related technologies are emerging continuously in line with the intensive R&D activities being undertaken and the proactive investments being made by the private sector and the public sector. Globally, Government funding and encouraging initiatives being undertaken in expanding economies are prompting manufacturers to pursue new technologies. For example, the Dutch government has spent US$ 150 Million in 3D printing-related research and innovation. Another example: the Austrian federal government and the state of Lower Austria have purred two funding packages to support investments in 3-D printing. As per our analysis, Global Additive Manufacturing Market was valued at US$ 8.5 Billion in 2020.


3D Printing Uses in Industry

 


3D printing currently represents only a tiny percentage of the overall US$ 12 Trillion manufacturing industry. But there is hope that the proportion of additively manufactured components is only set to grow further over time. 3D printing technology is frequently used for mass customization, producing open-source designs in healthcare, automotive, Consumer Electronics, Power & Energy, and aviation.


 


North America has the largest market share globally due to the extensive adoption of 3D printers for 3D designing, 3D modeling, and 3D manufacturing in several industries. On the other hand, in the Asia Pacific, countries like China, Japan and India have immense potential and is helping in the formulation of efficient processes in the aerospace sector, with aircraft manufacturers investing an enormous amount of capital in 3D technology for the production of jet engine combustion nozzles, turbine blades, and structural parts. According to the publisher, the global demand for 3D Printing Industry will grow with a staggering CAGR of 28.21% from 2020 to 2027.


COVID-19 IMPACT on 3D Printing Industry

 


The outbreak of the COVID-19 pandemic has significantly impacted the overall global economy and, subsequently, the 3D printing industry. It has halted the production process and led to a shortage of raw materials thus, hampering the supply chain. However, along with the COVID-19 pandemic, the urgent need for 3D printing in medical devices and specialized products, especially 3D printing equipment, has been overwhelming.


Companies Performing in 3D Printing Industry

 


Investment in industrial additive manufacturing is booming. In the last few years, millions of dollars have flowed into the 3D printing industry. In the first quarter of 2019 alone, 3D printing companies have received significant funding included Desktop Metal ($160 million), Markforged ($82 million) and 3D Hubs ($18 million). The players performing in the global 3D printing powder market are Sandvik AB, Carpenter Technology Corporation, 3D Systems Corporation, Renishaw PLC and Voxeljet AG. The key market players focus on inventing the 3D printing technology in response to the growing demand for 3D printing applications from the automotive, healthcare, and aerospace and defence verticals for manufacturing purposes.


This latest report Global 3D Printing Market by Component (Products, Material, Service, Other service), Application (Prototyping and Tooling, R&D and Innovation, Manufacturing complex Products) By Vertical (Automotive, Aerospace & Defense, Healthcare, Consumer Electronics, Power & Energy Others), by,By Technology [SLS-(selective laser sintering), FDM-(fused deposition modeling), SLA-(stereo lithography), EBM-(inkjet printing, electron beam melting),MJP-(polyjet/multijet printing), Inkjet Printing, LMD-(laser metal deposition), DLP-(digital light processing),LOM-(laminated object manufacturing), Other Technologies] Company (Sandvik AB, Carpenter Technology Corporation, 3D Systems Corporation, Renishaw PLC, Voxeljet AG) provides a detailed analysis of Additive Manufacturing Market.


Component - 3D printing market have been covered from 4 viewpoints:

  1. Products
  2. Material
  3. Service
  4. Other services

Application - 3D printing market have been covered from 3 viewpoints:

  1. Prototyping and Tooling
  2. R&D and Innovation
  3. Manufacturing complex Products

Vertical - 3D printing market have been covered from 5 viewpoints:

  1. Automotive
  2. Aerospace & Defense
  3. Healthcare
  4. Consumer Electronics
  5. Power & Energy Others

Region - 3D printing market have been covered from 4 viewpoints:

  1. North America
  2. Europe
  3. Asia Pacific
  4. Rest of the World

Technology - 3D printing market have been covered from 9 viewpoints:

  1. SLS-(selective laser sintering)
  2. FDM-(fused deposition modeling)
  3. SLA-(stereo lithography)
  4. EBM-(inkjet printing, electron beam melting)
  5. MJP-(polyjet/multijet printing)
  6. Inkjet Printing
  7. LMD-(laser metal deposition)
  8. DLP-(digital light processing)
  9. LOM-(laminated object manufacturing)

All companies have been covered from 3 viewpoints

  • Overview
  • Recent Development
  • Revenue

Company Analysis:

  1. Sandvik AB
  2. Carpenter Technology Corporation
  3. 3D Systems Corporation
  4. Renishaw PLC
  5. Voxeljet AG
Frequently Asked Questions about the Global 3D Printing Market

What is the estimated value of the Global 3D Printing Market?

The Global 3D Printing Market was estimated to be valued at $8.5 Billion in 2020.

What is the growth rate of the Global 3D Printing Market?

The growth rate of the Global 3D Printing Market is 28.2%, with an estimated value of $48.4 Billion by 2027.

What is the forecasted size of the Global 3D Printing Market?

The Global 3D Printing Market is estimated to be worth $48.4 Billion by 2027.

Who are the key companies in the Global 3D Printing Market?

Key companies in the Global 3D Printing Market include Sandvik AB, Carpenter Technology Corporation, 3D Systems Corporation and Voxeljet AG.

Table of Contents

1. Introduction2. Research & Methodology3. Executive Summary
4. Market Dynamics
4.1 Growth Drivers
4.2 Challenges
5. Global 3D Printing Market
6. Market Share - Global 3D Printing Analysis
6.1 By Component
6.2 By Application
6.3 By Vertical
6.4 By Technology
6.5 By Region
7. Component - Global 3D Printing Market
7.1 Products
7.2 Material
7.3 Service
7.4 Other Service
8. Application - Global 3D Printing Market
8.1 Prototyping and Tooling
8.2 R&D and Innovation
8.3 Manufacturing complex Products
9. Vertical - Global 3D Printing Market
9.1 Automotive
9.2 Aerospace & Defence
9.3 Healthcare
9.4 Consumer Electronics
9.5 Power & Energy
9.6 Others
10. Technology - Global 3D Printing Market
10.1 DMLS-(direct metal laser sintering)
10.2 SLS-(selective laser sintering)
10.3 FDM-(fused deposition modeling)
10.4 SLA-(stereolithography)
10.5 EBM-(inkjet printing, electron beam melting)
10.6 MJP-(polyjet/multijet printing)
10.7 Inkjet Printing
10.8 LMD-(laser metal deposition)
10.9 DLP-(digital light processing)
10.10 LOM-(laminated object manufacturing)
10.11 Other Technologies
11. Region - Global 3D Printing Market
11.1 North America
11.2 Europe
11.3 Asia-Pacific
11.4 Rest of World
12. Key Players
12.1 3D Systems Corporation
12.1.1 Overview
12.1.2 Recent Development
12.1.3 Revenue
12.2 Sandvik AB
12.2.1 Overview
12.2.2 Recent Development
12.2.3 Revenue
12.3 Voxeljet AG
12.3.1 Overview
12.3.2 Recent Development
12.3.3 Revenue
12.4 Renishaw PLC
12.4.1 Overview
12.4.2 Recent Development
12.4.3 Revenue
12.5 Carpenter Technology Corporation
12.5.1 Overview
12.5.2 Recent Development
12.5.3 Revenue
List of Figures:
Figure-01: Global 3D Printing Market (Million US$), 2016 - 2020
Figure-02: Forecast for - Global 3D Printing Market (Million US$), 2021 - 2027
Figure-03: Component - Products Market (Million US$), 2016 - 2020
Figure-04: Component - Forecast for Products Market (Million US$), 2021 - 2027
Figure-05: Component - Material Market (Million US$), 2016 - 2020
Figure-06: Component - Forecast for Material Market (Million US$), 2021 - 2027
Figure-07: Component - Service Market (Million US$), 2016 - 2020
Figure-08: Component - Forecast for Service Market (Million US$), 2021 - 2027
Figure-09: Component - Other Service Market (Million US$), 2016 - 2020
Figure-10: Component - Forecast for Other Service Market (Million US$), 2021 - 2027
Figure-11: Application - Prototyping and Tooling Market (Million US$), 2016 - 2020
Figure-12: Application - Forecast for Prototyping and Tooling Market (Million US$), 2021 - 2027
Figure-13: Application - R&D and Innovation Market (Million US$), 2016 - 2020
Figure-14: Application - Forecast for R&D and Innovation Market (Million US$), 2021 - 2027
Figure-15: Application - Manufacturing complex Products Market (Million US$), 2016 - 2020
Figure-16: Application - Forecast for Manufacturing complex Products Market (Million US$), 2021 - 2027
Figure-17: Vertical - Automotive Market (Million US$), 2016 - 2020
Figure-18: Vertical - Forecast for Automotive Market (Million US$), 2021 - 2027
Figure-19: Vertical - Aerospace & Defence Market (Million US$), 2016 - 2020
Figure-20: Vertical - Forecast for Aerospace & Defence Market (Million US$), 2021 - 2027
Figure-21: Vertical - Healthcare Market (Million US$), 2016 - 2020
Figure-22: Vertical - Forecast for Healthcare Market (Million US$), 2021 - 2027
Figure-23: Vertical - Consumer Electronics Market (Million US$), 2016 - 2020
Figure-24: Vertical - Forecast for Consumer Electronics Market (Million US$), 2021 - 2027
Figure-25: Vertical - Power & Energy Market (Million US$), 2016 - 2020
Figure-26: Vertical - Forecast for Power & Energy Market (Million US$), 2021 - 2027
Figure-27: Vertical - Others Market (Million US$), 2016 - 2020
Figure-28: Vertical - Forecast for Others Market (Million US$), 2021 - 2027
Figure-29: Technology - DMLS-(direct metal laser sintering) Market (Million US$), 2016 - 2020
Figure-30: Technology - Forecast for DMLS-(direct metal laser sintering) Market (Million US$), 2021 - 2027
Figure-31: Technology - SLS-(selective laser sintering) Market (Million US$), 2016 - 2020
Figure-32: Technology - Forecast for SLS-(selective laser sintering) Market (Million US$), 2021 - 2027
Figure-33: Technology - FDM-(fused deposition modeling) Market (Million US$), 2016 - 2020
Figure-34: Technology - Forecast for FDM-(fused deposition modeling) Market (Million US$), 2021 - 2027
Figure-35: Technology - SLA-(stereolithography) Market (Million US$), 2016 - 2020
Figure-36: Technology - Forecast for SLA-(stereolithography) Market (Million US$), 2021 - 2027
Figure-37: Technology - EBM-(inkjet printing, electron beam melting) Market (Million US$), 2016 - 2020
Figure-38: Technology - Forecast for EBM-(inkjet printing, electron beam melting) Market (Million US$), 2021 - 2027
Figure-39: Technology - MJP-(polyjet/multijet printing) Market (Million US$), 2016 - 2020
Figure-40: Technology - Forecast for MJP-(polyjet/multijet printing) Market (Million US$), 2021 - 2027
Figure-41: Technology - Inkjet Printing Market (Million US$), 2016 - 2020
Figure-42: Technology - Forecast for Inkjet Printing Market (Million US$), 2021 - 2027
Figure-43: Technology - LMD-(laser metal deposition) Market (Million US$), 2016 - 2020
Figure-44: Technology - Forecast for LMD-(laser metal deposition) Market (Million US$), 2021 - 2027
Figure-45: Technology - DLP-(digital light processing) Market (Million US$), 2016 - 2020
Figure-46: Technology - Forecast for DLP-(digital light processing) Market (Million US$), 2021 - 2027
Figure-47: Technology - LOM-(laminated object manufacturing) Market (Million US$), 2016 - 2020
Figure-48: Technology - Forecast for LOM-(laminated object manufacturing) Market (Million US$), 2021 - 2027
Figure-49: Technology - Other Market (Million US$), 2016 - 2020
Figure-50: Technology - Forecast for Other Market (Million US$), 2021 - 2027
Figure-51: North America - 3D Printing Market (Million US$), 2016 - 2020
Figure-52: North America - Forecast for 3D Printing Market (Million US$), 2021 - 2027
Figure-53: Europe - 3D Printing Market (Million US$), 2016 - 2020
Figure-54: Europe - Forecast for 3D Printing Market (Million US$), 2021 - 2027
Figure-55: Asia Pacific - 3D Printing Market (Million US$), 2016 - 2020
Figure-56: Asia Pacific - Forecast for 3D Printing Market (Million US$), 2021 - 2027
Figure-57: Rest of the World - 3D Printing Market (Million US$), 2016 - 2020
Figure-58: Rest of the World - Forecast for 3D Printing Market (Million US$), 2021 - 2027
Figure-59: 3D Systems Corporation - Global Revenue (Million US$), 2016 - 2020
Figure-60: 3D Systems Corporation - Forecast for Global Revenue (Million US$), 2021 - 2027
Figure-61: Sandvik AB - Global Revenue (Million US$), 2016 - 2020
Figure-62: Sandvik AB - Forecast for Global Revenue (Million US$), 2021 - 2027
Figure-63: Voxeljet AG - Global Revenue (Million US$), 2016 - 2020
Figure-64: Voxeljet AG - Forecast for Global Revenue (Million US$), 2021 - 2027
Figure-65: Renishaw PLC - Global Revenue (Million US$), 2016 - 2020
Figure-66: Renishaw PLC - Forecast for Global Revenue (Million US$), 2021 - 2027
Figure-67: Carpenter Technology Corporation - Global Revenue (Million US$), 2016 - 2020
Figure-68: Carpenter Technology Corporation - Forecast for Global Revenue (Million US$), 2021 - 2027
List of Tables:
Table-01: Global - 3D Printing Market Share by Component (Percent), 2016 - 2020
Table-02: Global - Forecast for 3D Printing Market Share by Component (Percent), 2021 - 2027
Table-03: Global - 3D Printing Market Share by Application (Percent), 2016 - 2020
Table-04: Global - Forecast for 3D Printing Market Share by Application (Percent), 2021 - 2027
Table-05: Global - 3D Printing Market Share by Vertical (Percent), 2016 - 2020
Table-06: Global - Forecast for 3D Printing Market Share by Vertical (Percent), 2021 - 2027
Table-07: Global - 3D Printing Market Share by Technology (Percent), 2016 - 2020
Table-08: Global - Forecast for 3D Printing Market Share by Technology (Percent), 2021 - 2027
Table-09: Global - 3D Printing Market Share by Region (Percent), 2016 - 2020
Table-10: Global - Forecast for 3D Printing Market Share by Region (Percent), 2021 - 2027

Companies Mentioned

  • Sandvik AB
  • Carpenter Technology Corporation
  • 3D Systems Corporation
  • Renishaw PLC
  • Voxeljet AG

Methodology

In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.

Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.

Primary Research

The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develop the analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth, and forecast

The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:

  • Chief executives and VPs of leading corporations specific to the industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
  • Key opinion leaders (KOLs)

Secondary Research

The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, webcasts, and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
 

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