Industrial 3D printing is a rapidly emerging technology across the globe, which empowers manufacturers in diverse industries to produce customized equipment and products. Industrial 3D printing utilizes a layer-by-layer addition technique to produce physical objects from a three-dimensional digital file. The materials used for 3D printing include various types of polymers, metals, and ceramics. The application areas of industrial 3D printing have increased rapidly owing to the high speed, precision and finer resolution as compared to conventional technologies. Implementation of industrial 3D printing would help industries to improve the productivity by reducing material wastage during production.
The industrial 3D printing market is segmented on the basis of component, technology, end user and region. By component, the market is divided into hardware and services. By technology the segment is divided into stereolithography (SLA), selective laser sintering (SLS), electron beam melting (EBM), fused deposition modeling (FDM), laminated object manufacturing (LOM) and others. By end user, the market is segmented into manufacturing, aerospace & defense, others. The manufacturing segment is bifurcated into automotive, consumer electronics and others. The automotive segment is further divided into vehicles and accessories.
Region wise, the industrial 3D printing market trends are analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, France, Italy, Spain, Russia, Poland and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, Philippines, Indonesia and rest of Asia-Pacific) and LAMEA (Latin America, the Middle East, and Africa). North America, specifically the U.S., remains a significant participant in the global industrial 3D printing industry. Major organizations and government institutions in the country are intensely putting resources into the technology.
The key players operating in the market include industrial 3D printing market players, such as 3D Systems, Arcam Ab (General Electric), Autodesk Inc, Canon Inc., Envisiontec, Inc., Eos GmbH. ExOne Company, General Electric Company, and GE Additive. HOGANAS AB, HP Inc., Materialise. OPTOMEC INC, Organovo Holdings, Inc., Protolabs, SLM Solutions. Stratasys Ltd. and Voxeljet AG.
The industrial 3D printing market is segmented on the basis of component, technology, end user and region. By component, the market is divided into hardware and services. By technology the segment is divided into stereolithography (SLA), selective laser sintering (SLS), electron beam melting (EBM), fused deposition modeling (FDM), laminated object manufacturing (LOM) and others. By end user, the market is segmented into manufacturing, aerospace & defense, others. The manufacturing segment is bifurcated into automotive, consumer electronics and others. The automotive segment is further divided into vehicles and accessories.
Region wise, the industrial 3D printing market trends are analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, France, Italy, Spain, Russia, Poland and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, Philippines, Indonesia and rest of Asia-Pacific) and LAMEA (Latin America, the Middle East, and Africa). North America, specifically the U.S., remains a significant participant in the global industrial 3D printing industry. Major organizations and government institutions in the country are intensely putting resources into the technology.
The key players operating in the market include industrial 3D printing market players, such as 3D Systems, Arcam Ab (General Electric), Autodesk Inc, Canon Inc., Envisiontec, Inc., Eos GmbH. ExOne Company, General Electric Company, and GE Additive. HOGANAS AB, HP Inc., Materialise. OPTOMEC INC, Organovo Holdings, Inc., Protolabs, SLM Solutions. Stratasys Ltd. and Voxeljet AG.
KEY BENEFITS FOR STAKEHOLDERS
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the industrial 3d printing market analysis from 2021 to 2031 to identify the prevailing industrial 3d printing market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the industrial 3d printing market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global industrial 3d printing market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Component
- Hardware
- Services
By Technology
- Stereolithography (SLA)
- Selective laser sintering (SLS)
- Electron beam melting (EBM)
- Fused deposition modeling (FDM)
- Laminated object manufacturing (LOM)
- Others
By End-User
- Manufacturing
- Aerospace and Defense
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- U.K.
- Germany
- France
- Italy
- Spain
- Russia
- Netherlands
- Belgium
- Poland
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Malaysia
- Thailand
- Philippines
- Indonesia
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players
- 3D Systems
- arcam ab
- Autodesk, Inc.
- ExOne Company
- HOGANAS AB
- Optomec Inc.
- Organovo Holdings Inc
- protolabs
- Stratasys, Ltd.
- voxeljet ag
- Materialise (Belgium)
- Envisiontec, Inc.
- Eos GmbH (Germany)
- General Electric Company, GE Additive (US)
- HP Inc. (US)
- SLM Solutions (Germany)
- CANON INC.
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: INDUSTRIAL 3D PRINTING MARKET, BY COMPONENT
CHAPTER 5: INDUSTRIAL 3D PRINTING MARKET, BY TECHNOLOGY
CHAPTER 6: INDUSTRIAL 3D PRINTING MARKET, BY END-USER
CHAPTER 7: INDUSTRIAL 3D PRINTING MARKET, BY REGION
CHAPTER 8: COMPANY LANDSCAPE
CHAPTER 9: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
Industrial 3D printing, also known as additive printing technology, allows manufacturers to build models using a variety of printing materials. The materials used for industrial 3D printing include various types of polymers, metals, ceramics and others. The selection of printing material depends on the traits expected from the printed object and the area of application. There are certain 3D printers that print models using multiple materials simultaneously as per the requirements, which make manufacturing process easier. The applications of industrial 3D printing have increased rapidly, as it offers greater speed with higher precision and finer resolution.The industrial 3D printing market trends are primarily driven by the need to manufacture complex designs within a short span of time accompanied with the desire to utilize the resources efficiently. The use of 3D printing during the initial stages of production is beneficial, as designers can identify errors or defects from the built prototype; thereby ultimately reducing the production time and operational cost. Other factors that drive the industrial 3D printing market include manufacturing of customized parts, reduction in human error, depletion in cost and time of production, and higher resolution. However, high printing cost involved for individual use, unavailability of skilled labors, and lack of channel partner assistance for sale and distribution are some important factors restricting the industrial 3D printing market growth.
According to industrial 3D printing market analysis, the hardware segment was the highest contributor to the market in 2021. The stereolithography (SLA) and fused deposition modeling (FDM) segments collectively accounted for around 53.2% market share in 2021. These technologies are based on additive printing technique to build 3D objects.The outbreak of the COVID-19 has significantly impacted the growth of the industrial 3D printing.
Decline in manufacturing activities has significantly impacted the demand for industrial 3D printing solutions during the pandemic. Further, lack of availability of a professional workforce due to partial and complete lockdown implemented by governments across the globe has restrained the growth of the industrial 3D printing market during the pandemic. However, rise in demand for Internet of Things and consumer electronics has led to the growth of the industrial 3D printing market post pandemic.
The industrial 3D printing market key players profiled in the report include 3D Systems, Arcam Ab (General Electric), Autodesk Inc, Canon Inc., Envisiontec, Inc., Eos GmbH. ExOne Company, General Electric Company,GE Additive. HOGANAS AB, HP Inc., Materialise. OPTOMEC INC, Organovo Holdings, Inc., Protolabs, SLM Solutions. Stratasys Ltd. and Voxeljet AG. Market players have adopted various strategies, such as product launch, collaboration & partnership, joint venture, and acquisition, to expand their foothold in the industrial 3D printing market.
Key Findings of the Study
- In 2021, the hardware segment accounted for maximum revenue in the industrial 3D printing industry, and is projected to grow at a notable CAGR of 22.1% during the forecast period.
- The Stereolithography (SLA) and Fused deposition modeling (FDM) segments together accounted for around 53.2% of the industrial 3D printing trends in 2021.
- The manufacturing segment accounts for the major portion of the industrial 3D printing market share in 2021.
- North America contributed for the major fraction in the industrial 3D printing market size in 2021.
- Key players profiled in the report include 3D Systems, Arcam Ab (General Electric), Autodesk Inc, Canon Inc., Envisiontec, Inc., Eos GmbH. ExOne Company, General Electric Company,GE Additive. HOGANAS AB, HP Inc., Materialise. OPTOMEC INC, Organovo Holdings, Inc., Protolabs, SLM Solutions. Stratasys Ltd. and Voxeljet AG. Market players have adopted various strategies, such as product launch, collaboration& partnership, joint venture, and acquisition to expand their foothold in the consumer product safety testing market.
Companies Mentioned
- 3D Systems
- Arcam Ab
- Autodesk, Inc.
- Exone Company
- Hoganas Ab
- Optomec Inc.
- Organovo Holdings Inc
- Protolabs
- Stratasys, Ltd.
- Voxeljet AG
- Materialise (Belgium)
- Envisiontec, Inc.
- Eos GmbH (Germany)
- General Electric Company, GE Additive (US)
- Hp Inc. (US)
- Slm Solutions (Germany)
- Canon Inc.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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