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Global 3D Printing Market Size, Share & Industry Growth Analysis Report by Offering (Printer, Material, Software, Service), Process, Application, Vertical, Technology and Region - Growth Drivers and Industry Forecast to 2028

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    Report

  • 290 Pages
  • April 2023
  • Region: Global
  • Markets and Markets
  • ID: 5396943

Growing Demand from Automotive, Consumer Products, and Industrial Verticals to Create Opportunities for Market Players

The 3D printing market is projected to reach from USD 15 billion in 2023 to USD 34.5 billion by 2028, at a CAGR of 18.1%. Some key factors attributing to the growth of 3D printers involve ease in developing customized products, reduction in manufacturing cost and process downtime, government investments in 3D printing projects, and development of new industrial-grade 3D printing materials.

The recession’s impact on the 3D printing market has been analyzed in this study. The short-term outlook for semiconductors and materials revenues is expected to be worse in the third quarter of 2023. Rising inflation, increasing interest rates, unemployment, and energy crises will lead to slow economic activity. As a result, end-user industries experience deterioration of their businesses, cash flow, and ability to obtain financing, delaying or canceling product purchase plans.

Industrial printer market to hold a significant share of the 3D printer market during the forecast period

Industrial printers are used for professional and production purposes in the aerospace & defense, automotive, healthcare, consumer products, energy, jewellery, and engineering industries. Industrial printers are used to generate concept models, precision and functional prototypes, master patterns and molds for tooling, visual and functional prototypes, and real end-use parts. These printers use powders to develop molds and parts with superior accuracy up to 28 µm layer thickness. High-performance materials, resins, metals, and alloys are mixed to develop extremely resistant, flexible, and strong parts.

FDM technology to hold the largest share of 3D printing market during the forecast period

FDM technology can produce prototypes and functional parts faster and at a low cost from various thermoplastic materials. The lead times of FDM are short (as fast as next-day delivery) due to the high availability of the technology. A wide range of thermoplastic materials is available for prototyping and non-commercial functional applications. These materials are used to manufacture high-precision plastic components. FDM is a clean, simple-to-use, and office-friendly 3D printing technology. It supports production-grade thermoplastics, which are mechanically and environmentally stable, and the technology is used to develop complex geometries and cavities. Stratasys (US), Ultimaker (Netherlands), and Afinia 3D (US) are some of the leading companies providing FDM-based 3D printing systems and services.

Consumer products vertical for 3D printing market is expected to grow at the second highest CAGR during the forecast period

The 3D printing market for consumer products has been growing with the rise in the adoption of desktop or personal printers. The introduction of low-cost desktop 3D printers, costing below USD 1,000, has driven the adoption of 3D printers. Many start-up companies have entered the 3D printing industry with their services, such as designing, prototyping, or manufacturing customized functional products. Even the e-commerce giants such as Amazon (US), Staples (US), and the UPS Store (US) have entered the 3D printing market by providing customized consumer products as well as selling various branded desktop 3D printers.

Europe to hold a significant share of the 3D printing market during the forecast period

Europe is projected to hold a significantly large share for 3D printing market during the forecast period. Germany and the UK are the major countries contributing to the 3D printing market in Europe. The technique is widely used in the consumer, aerospace, automobile, and healthcare industries. Technological advancements, increased availability of various raw materials, regulatory policies, government support, low financial requirements, and the ability to facilitate fast and accurate product development are the major factors driving the 3D printing market in Europe. The European Space Agency (ESA) recently developed an X-Ray telescope using plasma metal deposition 3D printing. The ESA space telescope is designed to search for black holes and hot map structures to determine their physical properties. The demonstrator parts of this telescope will be designed and 3D printed by RHP Technology, an Austrian company.

Breakup of Primaries

In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews have been conducted with key industry experts in the 3D printing market space. The break-up of primary participants for the report has been shown below:

  • By Company Type: Tier 1 - 35%, Tier 2 - 40%, and Tier 3 - 25%
  • By Designation: C-level Executives - 30%, Directors - 40%, and Others - 30%
  • By Region: North America - 40%, Asia-Pacific - 25%, Europe - 30%, and RoW - 5%

The report profiles key players in the 3D printing market with their respective market ranking analysis. Prominent players profiled in this report are Intuitive Surgical (US), DJI (China), Daifuku (Japan), iRobot (US), Samsung Electronics (South Korea), JD.com Inc. (China), DeLaval (Sweden), Kongsberg Maritime (Norway), and Northrop Grumman (US) among others.

Research Coverage

This research report categorizes the 3D printing market on the basis of type, component, environment, application, and geography. The report describes the major drivers, restraints, challenges, and opportunities pertaining to the 3D printing market and forecasts the same till 2028 (including analysis of recession impact on the market). Apart from these, the report also consists of leadership mapping and analysis of all the companies included in the 3D printing ecosystem.

Key Benefits of Buying the Report

The report would help leaders/new entrants in this market in the following ways:

  1. This report segments the 3D printing market comprehensively and provides the closest market size projection for all subsegments across different regions.
  2. The report helps stakeholders understand the pulse of the market and provides them with information on key drivers, restraints, challenges, and opportunities for market growth.
  3. This report would help stakeholders understand their competitors better and gain more insights to improve their position in the business. The competitive landscape section includes competitor ecosystem, product developments and launches, partnerships, and mergers and acquisitions.
  4. The analysis of the major 25 companies, based on the strength of the market rank as well as the product footprint will help stakeholders visualize the market positioning of these key players.
  5. Patent analysis, trade data, porters five forces analysis, and technological analysis that will shape the market in the coming years has also been covered in this report.
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 $15 Billion in 2023.

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

The growth rate of the Global 3D Printing Market is 18.1%, with an estimated value of $34.5 Billion by 2028.

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

The Global 3D Printing Market is estimated to be worth $34.5 Billion by 2028.

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

Key companies in the Global 3D Printing Market include 3D Systems, ACS, Adidas, Ashley Furniture, Beijing Tiertime Technology, BMW, BOA, Carbon, CleanGreen3D Limited and Cobra Golf.

Table of Contents

1 Introduction
1.1 Study Objectives
1.2 Market Definition
1.3 Study Scope
1.3.1 Market Segmentation
Figure 1 3D Printing Market Segmentation
1.3.2 Inclusions and Exclusions
1.3.3 Geographic Scope
1.4 Years Considered
1.5 Currency Considered
1.6 Unit Considered
1.7 Stakeholders
1.8 Summary of Changes

2 Research Methodology
2.1 Research Data
Figure 2 3D Printing Market: Research Design
2.1.1 Secondary Data
2.1.1.1 Secondary Sources
2.1.2 Primary Data
2.1.2.1 Primary Interviews with Experts
2.1.2.2 Breakdown of Primaries
2.1.2.3 Key Data from Primary Sources
2.1.2.4 Key Industry Insights
2.2 Market Size Estimation
Figure 3 3D Printing Market: Process Flow of Market Size Estimation
2.2.1 Top-Down Approach
2.2.1.1 Approach to Capture Market Share Through Top-Down Analysis (Supply Side)
Figure 4 Market Size Estimation Methodology: Approach 1 (Supply Side)
Figure 5 Market Size Estimation Methodology: Approach 2 (Supply Side)
2.2.2 Bottom-Up Approach
2.2.2.1 Approach to Capture Market Share Through Bottom-Up Analysis (Demand Side)
2.3 Market Projections
2.4 Market Breakdown and Data Triangulation
Figure 6 Data Triangulation
2.5 Research Assumptions and Limitations
2.5.1 Assumptions for Research Study
2.5.2 Limitations
2.5.3 Parameters Considered to Analyze Impact of Recession
2.5.4 Risk Assessment

3 Executive Summary
3.1 Recession Impact Analysis
Figure 7 GDP Growth Projection Till 2023 for Major Economies
Figure 8 Recession Impact on 3D Printing Market
Figure 9 Services Segment to Witness Highest CAGR in 3D Printing Market During Forecast Period
Figure 10 SLS Technology to Record Highest CAGR in 3D Printing Market During Forecast Period
Figure 11 Functional Part Manufacturing Segment to Exhibit Highest CAGR in 3D Printing Market During Forecast Period
Figure 12 Automotive Vertical to Record Highest CAGR in 3D Printing Market During Forecast Period
Figure 13 Asia-Pacific to Register Highest CAGR in 3D Printing Market During Forecast Period

4 Premium Insights
4.1 Attractive Opportunities in 3D Printing Market
Figure 14 Growing Demand from Automotive, Consumer Products, and Industrial Verticals to Create Opportunities for Players in 3D Printing Market
4.2 3D Printing Market, by Printer Type
Figure 15 Industrial Segment to Dominate Market for 3D Printers from 2023 to 2028
4.3 3D Printing Market, by Process
Figure 16 Powder Bed Fusion Segment to Lead 3D Printing Market Throughout Forecast Period
4.4 3D Printing Market in North America, by Offering and Country
Figure 17 Printers Segment and US to Account for Largest Share of 3D Printing Market, in Terms of Value, in 2023
4.5 3D Printing Market, by Region
Figure 18 3D Printing Market in Asia-Pacific to Grow at Highest CAGR During Forecast Period

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
Figure 19 Drivers, Restraints, Opportunities, and Challenges: 3D Printing Market
Figure 20 Impact of Drivers on 3D Printing Market
Figure 21 Impact of Opportunities on 3D Printing Market
Figure 22 Impact of Restraints and Challenges on 3D Printing Market
5.2.1 Drivers
5.2.1.1 Ease in Development of Customized Products
5.2.1.2 Reduction in Manufacturing Cost and Process Downtime
5.2.1.3 Global Government Investment in 3D Printing Projects
Table 1 Global Government Funding for 3D Printing Projects
5.2.1.4 Availability of Wide Variety of Industrial-Grade 3D Printing Materials
5.2.2 Restraints
5.2.2.1 Lack of Standardized Testing Methods to Verify Mechanical Properties of 3D Printing Materials and High Cost of Raw Materials
5.2.2.2 Inadequate Design and Process Control Data due to Lack of Printing Material Specifications
5.2.3 Opportunities
5.2.3.1 Increasing Demand for Medical Products and Supplies in Post-Pandemic Scenario
5.2.3.2 Rapid Advancements in Printing Technologies and Materials and Development of Knowledge and Skills Progression Framework
5.2.3.3 Emerging Applications of 3D Printing Technology in Automotive, Printed Electronics, Jewelry, and Education Fields
5.2.4 Challenges
5.2.4.1 Ensuring Consistent Quality of Final 3D Product with Repeatable and Stable Production Processes
5.2.4.2 Threat of Copyright Infringement
5.2.4.3 Decline in Sales of 3D Printing Devices due to Recession Impact
5.3 Case Studies
5.3.1 Ashley Furniture Manufactured Replacement and Spare Parts Using 3D Printing Technology to Reduce Overall Cost
5.3.2 Flashforge Developed 3D Printing Solutions to Upgrade Channel Letter Production Technology at Reduced Cost
5.3.3 3D Printed Technology Was Adopted by Adidas to Manufacture Standard Midsoles and by BOA to Produce Fasteners for Sneakers
5.3.4 DLR Incorporated Additive Manufacturing to Optimize Fluid Dynamics
5.3.5 ACS Used 3D Printers to Print Custom Ear Products, Hearing Aids, and Earphones in Bulk
5.3.6 Porsche Adopted Additive Manufacturing Technique to Produce EV Parts
5.3.7 Decathlon and Cobra Golf Used 3D Printing Technology to Design Sports Equipment
5.3.8 Nexa3D and Form Labs Developed Nasopharyngeal (NP) Swabs and Face Shields Using 3D Printing Technique to Cope with COVID-19
5.3.9 Waveoptics and Luxecel Created 3D-Printed Module to Design and Manufacture Lenses and Eyeglasses
5.3.10 BMW Incorporated 3D Printers to Produce Polymer Parts Using Multi-Jet Fusion and Selective Laser Sintering Techniques
5.4 Pricing Analysis
5.5 Value Chain Analysis
Figure 23 Material and Software Providers and Manufacturers to Contribute to Maximum Value
5.6 Ecosystem Mapping
Figure 24 3D Printing Market Ecosystem
Figure 25 Key Players in 3D Printing Market Ecosystem
5.6.1 Material Suppliers
5.6.1.1 Polymer Providers
5.6.1.2 Metal Providers
5.6.2 Software Providers
5.6.3 Printer Providers
5.6.3.1 Industrial 3D Printer Providers
5.6.3.2 Desktop 3D Printer Providers
Table 2 Role of Companies in 3D Printing Ecosystem
5.7 Technology Analysis
Table 3 Emerging 3D Printing Technologies
5.7.1 Key Emerging Technologies
5.7.1.1 Hybrid Manufacturing
5.7.2 Adjacent Technologies
5.7.2.1 CNC Machining
5.8 Technology Trends
5.8.1 Shift Toward Service Providers for Functional Parts
5.8.2 Entry of Printing Giants into 3D Printing Market
5.8.3 Consolidation of 3D Printing Market with Entry of Large Industrial Enterprises
Table 4 Emerging Trends with Materials in 3D Printing Market
5.9 Patent Analysis
Figure 26 Granted Patents for 3D Printing Technology in Last 10 Years
5.9.1 Major Patents
5.10 Trade Data
5.10.1 Import Scenario
Figure 27 Import Data for Products Covered Under HS Code 847790, by Country, 2017-2021
5.10.2 Export Scenario
Figure 28 Export Data for Products Covered Under HS Code 847790, by Country, 2017-2021
5.11 Porter's Five Forces Analysis
Table 5 Porter's Five Forces Impact on 3D Printing Market
Figure 29 Porter's Five Forces Analysis: 3D Printing Market
5.11.1 Threat of New Entrants
5.11.2 Threat of Substitutes
5.11.3 Bargaining Power of Suppliers
5.11.4 Bargaining Power of Buyers
5.11.5 Intensity of Competitive Rivalry
5.12 Trends/Disruptions Impacting Customer Business
Figure 30 Revenue Shift for Players in 3D Printing Market
5.13 Tariff and Regulatory Landscape
5.13.1 Standards and Regulations
5.13.1.1 Europe
5.13.1.2 US
5.13.1.3 Australia
5.13.1.4 China
5.13.1.5 Global

6 3D Printing Market, by Offering
6.1 Introduction
Figure 31 Services Segment to Record Highest CAGR in 3D Printing Market During Forecast Period
Table 6 3D Printing Market, by Offering, 2019-2022 (USD Million)
Table 7 3D Printing Market, by Offering, 2023-2028 (USD Million)
6.2 Printers
Figure 32 Industrial Printers to Dominate 3D Printing Market Throughout Forecast Period
Table 8 Printers: 3D Printing Market, by Type, 2019-2022 (USD Million)
Table 9 Printers: 3D Printing Market, by Type, 2023-2028 (USD Million)
Table 10 Printers: 3D Printing Market, by Application, 2019-2022 (USD Million)
Table 11 Printers: 3D Printing Market, by Application, 2023-2028 (USD Million)
Table 12 Printers: 3D Printing Market, by Vertical, 2019-2022 (USD Million)
Table 13 Printers: 3D Printing Market, by Vertical, 2023-2028 (USD Million)
Table 14 Printers: 3D Printing Market, by Region, 2019-2022 (USD Million)
Table 15 Printers: 3D Printing Market, by Region, 2023-2028 (USD Million)
6.2.1 Desktop Printers
6.2.1.1 Growing Use of Desktop Printers in Schools and Universities to Drive Market
6.2.2 Industrial Printers
6.2.2.1 Increasing Adoption of Industrial Printers to Generate Concept Models, Precision and Functional Prototypes, and Master Patterns and Molds to Boost Market
6.3 Materials
Table 16 Software: 3D Printing Market, by Application, 2019-2022 (USD Million)
Table 17 Software: 3D Printing Market, by Application, 2023-2028 (USD Million)
Table 18 Software: 3D Printing Market, by Vertical, 2019-2022 (USD Million)
Table 19 Software: 3D Printing Market, by Vertical, 2023-2028 (USD Million)
Table 20 Software: 3D Printing Market, by Region, 2019-2022 (USD Million)
Table 21 Software: 3D Printing Market, by Region, 2023-2028 (USD Million)
Table 22 Materials: 3D Printing Market, by Type, 2019-2022 (USD Million)
Table 23 Materials: 3D Printing Market, by Type, 2023-2028 (USD Million)
6.3.1 Plastics
Table 24 Plastics: 3D Printing Market, by Type, 2019-2022 (USD Million)
Table 25 Plastics: 3D Printing Market, by Type, 2023-2028 (USD Million)
6.3.1.1 Thermoplastics
Table 26 Thermoplastics: 3D Printing Market, by Type, 2019-2022 (USD Million)
Table 27 Thermoplastics: 3D Printing Market, by Type, 2023-2028 (USD Million)
6.3.1.1.1 Acrylonitrile Butadiene Styrene (ABS)
6.3.1.1.1.1 Ideal for Prototyping and Functional Part Manufacturing
Table 28 Technical Specifications of ABS
6.3.1.1.2 Polylactic Acid (PLA)
6.3.1.1.2.1 Most Eco-Friendly Materials Used in 3D Plastic Printing Processes
Table 29 Technical Specifications of PLA
6.3.1.1.3 Nylon
6.3.1.1.3.1 Useful in Prototyping, Jigs and Fixtures, Tooling, and Short-Run Production of Components
Table 30 Technical Specifications of Nylon
6.3.1.1.4 Others
6.3.1.1.4.1 Polypropylene
Table 31 Technical Specifications of Polypropylene
6.3.1.1.4.2 Polycarbonate
Table 32 Technical Specifications of Polycarbonate
6.3.1.1.4.3 Polyvinyl Alcohol (PVA)
Table 33 Technical Specifications of PVA
6.3.1.2 Photopolymers
6.3.1.2.1 Use of Photopolymers in Electronics, Healthcare, Packaging, Sports and Leisure, Automotive, Military, and Consumer Products Applications
6.3.2 Metals
Table 34 Metals: 3D Printing Market, by Type, 2019-2022 (USD Million)
Table 35 Metals: 3D Printing Market, by Type, 2023-2028 (USD Million)
6.3.2.1 Steel
6.3.2.1.1 Use of Stainless Steel to Strengthen 3D-Printed Model
6.3.2.2 Aluminum
6.3.2.2.1 Adoption of Alumide to Build Complex Models, Small Series of Models, and Functional Models
6.3.2.3 Titanium
6.3.2.3.1 Integration of Titanium Powder to Make Models Strong and Precise
6.3.2.4 Nickel
6.3.2.4.1 Application of Metal Alloys in Aerospace & Defense to Manufacturing Rocket Parts, Gas Turbine Blades, Filtration and Separation Units, and Heat Exchangers
6.3.2.5 Other Metals
6.3.3 Ceramics
6.3.3.1 Implementation of Ceramics in Printing Home Decor and Tableware Products
6.3.4 Other Materials
6.3.4.1 Wax
6.3.4.2 Laywood
6.3.4.3 Paper
6.3.4.4 Biocompatible Materials
6.3.5 3D Printing Market for Materials, by Form
6.3.5.1 Filament
6.3.5.1.1 Availability of General Plastics in Filament Form for 3D Printing Applications
6.3.5.2 Powder
6.3.5.2.1 Use of Metal Powers in Aerospace & Defense and Jewelry and Fashion Design Industries
6.3.5.3 Liquid
6.3.5.3.1 Leveraging Liquid Metals, Hot Glue, Chocolate, SLA Resins, and Bio-Ink in 3D Printing
6.4 Software
6.4.1 Benefit of Software Solutions to Manipulate 3D Models According to Real-World Environments Before Printing
Table 36 Software: 3D Printing Market, by Application, 2019-2022 (USD Million)
Table 37 Software: 3D Printing Market, by Application, 2023-2028 (USD Million)
Table 38 Software: 3D Printing Market, by Vertical, 2019-2022 (USD Million)
Table 39 Software: 3D Printing Market, by Vertical, 2023-2028 (USD Million)
Table 40 Software: 3D Printing Market, by Region, 2019-2022 (USD Million)
Table 41 Software: 3D Printing Market, by Region, 2023-2028 (USD Million)
6.4.2 Design
6.4.2.1 Integration of Design Software to Create Drawings of Parts and Assemblies
6.4.3 Inspection
6.4.3.1 Development of Inspection Software to Ensure Compliance of Prototypes with Required Specifications
6.4.4 Printing
6.4.4.1 Use of Printing Software to Analyze Precision in Printer Functioning
6.4.5 Scanning
6.4.5.1 Implementation of Scanning Software to Create Digital Models and Improve Designs of Physical Objects
6.5 Services
6.5.1 After-Sales and Customized Manufacturing Service Providers to be Crucial Players in 3D Printing Market
Table 42 Services: 3D Printing Market, by Type, 2019-2022 (USD Million)
Table 43 Services: 3D Printing Market, by Type, 2023-2028 (USD Million)
Table 44 Services: 3D Printing Market, by Application, 2019-2022 (USD Million)
Table 45 Services: 3D Printing Market, by Application, 2023-2028 (USD Million)
Table 46 Services: 3D Printing Market, by Vertical, 2019-2022 (USD Million)
Table 47 Services: 3D Printing Market, by Vertical, 2023-2028 (USD Million)
Table 48 Services: 3D Printing Market, by Region, 2019-2022 (USD Million)
Table 49 Services: 3D Printing Market, by Region, 2023-2028 (USD Million)

7 3D Printing Market, by Technology
7.1 Introduction
Figure 33 FDM Technology-based 3D Printers to Hold Largest Market Share Throughout Forecast Period
Table 50 3D Printing Market, by Technology, 2019-2022 (USD Million)
Table 51 3D Printing Market, by Technology, 2023-2028 (USD Million)
7.2 Fused Deposition Modelling (FDM)
7.2.1 Clean, Simple-To-Use, and Office-Friendly 3D Printing Technology
7.3 Stereolithography (SLA)
7.3.1 Ideal Technology for Anatomical, Concept, and Architectural Models
7.4 Selective Laser Sintering (SLS)
7.4.1 Useful Technology to Build Parts with Joints, Snap Fits, and Living Hinges
7.5 Polyjet Printing/Multijet Printing (MJP)
7.5.1 Wide Adoption of Technology to Develop Highly Accurate Models with Intricate Details and Complex Geometries
7.6 Electron Beam Melting (EBM)
7.6.1 Significant Demand from Aerospace and Automotive Sectors to Produce High-Density Parts
7.7 Digital Light Processing (DLP)
7.7.1 Proficient in Producing Accurate Parts with Smooth Surface Finishing
7.8 Direct Metal Laser Sintering (DMLS)
7.8.1 Helpful in Developing Durable and Heat-Resistant Components
7.9 Other Technologies

8 3D Printing Market, by Process
8.1 Introduction
Table 52 Classification of 3D Printing Processes Based on Technology and Material
Figure 34 Powder Bed Fusion Segment to Dominate 3D Printing Market Throughout Forecast Period
Table 53 3D Printing Market, by Process, 2019-2022 (USD Million)
Table 54 3D Printing Market, by Process, 2023-2028 (USD Million)
8.2 Powder Bed Fusion
8.2.1 Adoption of Powder Bed Fusion Process for 3D Printers Based on DMLS, EBM, SHS, SLM, and SLS Technologies
Table 55 Powder Bed Fusion: 3D Printing Market, by Region, 2019-2022 (USD Million)
Table 56 Powder Bed Fusion: 3D Printing Market, by Region, 2023-2028 (USD Million)
8.3 Vat Photopolymerization
8.3.1 Implementation of Photopolymerization Process Owing to Superior Surface Finish and High Accuracy
Table 57 Vat Photopolymerization: 3D Printing Market, by Region, 2019-2022 (USD Million)
Table 58 Vat Polymerization: 3D Printing Market, by Region, 2023-2028 (USD Million)
8.4 Binder Jetting
8.4.1 Binder Jetting Suitable for Materials Available in Powdered Form
Table 59 Binder Jetting: 3D Printing Market, by Region, 2019-2022 (USD Million)
Table 60 Binder Jetting: 3D Printing Market, by Region, 2023-2028 (USD Million)
8.5 Material Extrusion
8.5.1 Wide Adoption of Material Extrusion Process due to Its Simple Printing Technique
Table 61 Material Extrusion: 3D Printing Market, by Region, 2019-2022 (USD Million)
Table 62 Material Extrusion: 3D Printing Market, by Region, 2023-2028 (USD Million)
8.6 Material Jetting
8.6.1 Use of Material Jetting Process to Reduce Material Wastage
Table 63 Material Jetting: 3D Printing Market, by Region, 2019-2022 (USD Million)
Table 64 Material Jetting: 3D Printing Market, by Region, 2023-2028 (USD Million)
8.7 Other Processes
Table 65 Other Processes: 3D Printing Market, by Region, 2019-2022 (USD Million)
Table 66 Other Processes: 3D Printing Market, by Region, 2023-2028 (USD Million)
8.7.1 Directed Energy Deposition
8.7.2 Sheet Lamination

9 3D Printing Market, by Application
9.1 Introduction
Figure 35 Functional Part Manufacturing Segment to Witness Highest CAGR During Forecast Period
Table 67 3D Printing Market, by Application, 2019-2022 (USD Million)
Table 68 3D Printing Market, by Application, 2023-2028 (USD Million)
9.2 Prototyping
9.2.1 Reduction in Material Wastage and Operational Cost Through Adoption of 3D Printing while Manufacturing Prototype Models
Table 69 Prototyping: 3D Printing Market, by Offering, 2019-2022 (USD Million)
Table 70 Prototyping: 3D Printing Market, by Offering, 2023-2028 (USD Million)
Table 71 Prototyping: 3D Printing Market, by Region, 2019-2022 (USD Million)
Table 72 Prototyping: 3D Printing Market, by Region, 2023-2028 (USD Million)
9.3 Tooling
9.3.1 Use of 3D Printing in Manufacturing Complex Components and Tools at Large Scale
Table 73 Tooling: 3D Printing Market, by Offering, 2019-2022 (USD Million)
Table 74 Tooling: 3D Printing Market, by Offering, by Offering, 2023-2028 (USD Million)
Table 75 Tooling: 3D Printing Market, by Region, 2019-2022 (USD Million)
Table 76 Tooling: 3D Printing Market, by Region, 2023-2028 (USD Million)
9.4 Functional Part Manufacturing
9.4.1 Advancements in Printing Technology to Enable High-Volume Production of Mechanically Functional Parts
Table 77 Functional Part Manufacturing: 3D Printing Market, by Offering, 2019-2022 (USD Million)
Table 78 Functional Part Manufacturing: 3D Printing Market, by Offering, 2023-2028 (USD Million)
Table 79 Functional Part Manufacturing: 3D Printing Market, by Region, 2019-2022 (USD Million)
Table 80 Functional Part Manufacturing: 3D Printing Market, by Region, 2023-2028 (USD Million)

10 3D Printing Market, by Vertical
10.1 Introduction
Figure 36 Automotive Vertical to Witness Highest CAGR in 3D Printing Market During Forecast Period
Table 81 3D Printing Market, by Vertical, 2019-2022 (USD Million)
Table 82 3D Printing Market, by Vertical, 2023-2028 (USD Million)
10.2 Automotive
10.2.1 Early Adoption of 3D Printing by Auto Companies for Prototyping and End-Part Printing
Table 83 Automotive: 3D Printing Market, by Offering, 2019-2022 (USD Million)
Table 84 Automotive: 3D Printing Market, by Offering, 2023-2028 (USD Million)
Table 85 Automotive: 3D Printing Market, by Region, 2019-2022 (USD Million)
Table 86 Automotive: 3D Printing Market, by Region, 2023-2028 (USD Million)
10.3 Aerospace & Defense
10.3.1 Significant Investments by Established Players to Develop 3D-Printed Models for Newer Aerospace & Defense Applications
Table 87 Aerospace & Defense: 3D Printing Market, by Offering, 2019-2022 (USD Million)
Table 88 Aerospace & Defense: 3D Printing Market, by Offering, 2023-2028 (USD Million)
Table 89 Aerospace & Defense: 3D Printing Market, by Region, 2019-2022 (USD Million)
Table 90 Aerospace & Defense: 3D Printing Market, by Region, 2023-2028 (USD Million)
10.4 Healthcare
10.4.1 Rapid Advancements in 3D Printing Technology for Medical Products and Dentistry Applications
Table 91 Healthcare: 3D Printing Market, by Offering, 2019-2022 (USD Million)
Table 92 Healthcare: 3D Printing Market, by Offering, 2023-2028 (USD Million)
Table 93 Healthcare: 3D Printing Market, by Region, 2019-2022 (USD Million)
Table 94 Healthcare: 3D Printing Market, by Region, 2023-2028 (USD Million)
10.5 Architecture & Construction
10.5.1 Use of 3D Printing to Build 3D Structures, Including Houses and Apartments
Table 95 Architecture & Construction: 3D Printing Market, by Offering, 2019-2022 (USD Million)
Table 96 Architecture & Construction: 3D Printing Market, by Offering, 2023-2028 (USD Million)
Table 97 Architecture & Construction: 3D Printing Market, by Region, 2019-2022 (USD Million)
Table 98 Architecture & Construction: 3D Printing Market, by Region, 2023-2028 (USD Million)
10.6 Consumer Products
10.6.1 Increasing Use of Desktop or Personal Printers to Contribute to Segmental Market Growth
Table 99 Consumer Products: 3D Printing Market, by Offering, 2019-2022 (USD Million)
Table 100 Consumer Products: 3D Printing Market, by Offering, 2023-2028 (USD Million)
Table 101 Consumer Products: 3D Printing Market, by Region, 2019-2022 (USD Million)
Table 102 Consumer Products: 3D Printing Market, by Region, 2023-2028 (USD Million)
10.7 Education
10.7.1 Highly Attractive Market for 3D Printing Players in North America and Europe
Table 103 Education: 3D Printing Market, by Offering, 2019-2022 (USD Million)
Table 104 Education: 3D Printing Market, by Offering, 2023-2028 (USD Million)
Table 105 Education: 3D Printing Market, by Region, 2019-2022 (USD Million)
Table 106 Education: 3D Printing Market, by Region, 2023-2028 (USD Million)
10.8 Industrial
10.8.1 Application of Additive Manufacturing in Tooling, Special Machinery Manufacturing, and Robotics
Table 107 Industrial: 3D Printing Market, by Offering, 2019-2022 (USD Million)
Table 108 Industrial: 3D Printing Market, by Offering, 2023-2028 (USD Million)
Table 109 Industrial: 3D Printing Market, by Region, 2019-2022 (USD Million)
Table 110 Industrial: 3D Printing Market, by Region, 2023-2028 (USD Million)
10.9 Energy
10.9.1 Use of 3D Printing Technology for Small-Scale Manufacturing and Repair Activities
Table 111 Energy: 3D Printing Market, by Offering, 2019-2022 (USD Million)
Table 112 Energy: 3D Printing Market, by Offering, 2023-2028 (USD Million)
Table 113 Energy: 3D Printing Market, by Region, 2019-2022 (USD Million)
Table 114 Energy: 3D Printing Market, by Region, 2023-2028 (USD Million)
10.10 Printed Electronics
10.10.1 Incorporation of 3D Printing Technology to Print Electronic Devices
Table 115 Printed Electronics: 3D Printing Market, by Offering, 2019-2022 (USD Million)
Table 116 Printed Electronics: 3D Printing Market, by Offering, 2023-2028 (USD Million)
Table 117 Printed Electronics: 3D Printing Market, by Region, 2019-2022 (USD Million)
Table 118 Printed Electronics: 3D Printing Market, by Region, 2023-2028 (USD Million)
10.11 Jewelry
10.11.1 Adoption of 3D Printing Technology to Design Customized Jewelry Items with Higher Accuracy and Speed
Table 119 Jewelry: 3D Printing Market, by Offering, 2019-2022 (USD Million)
Table 120 Jewelry: 3D Printing Market, by Offering, 2023-2028 (USD Million)
Table 121 Jewelry: 3D Printing Market, by Region, 2019-2022 (USD Million)
Table 122 Jewelry: 3D Printing Market, by Region, 2023-2028 (USD Million)
10.12 Food & Culinary
10.12.1 New Trend of Printing Food Items of Customer Choice (Pasta and Chocolate) with Required Nutrients
Table 123 Food & Culinary: 3D Printing Market, by Offering, 2019-2022 (USD Million)
Table 124 Food & Culinary: 3D Printing Market, by Offering, 2023-2028 (USD Million)
Table 125 Food & Culinary: 3D Printing Market, by Region, 2019-2022 (USD Million)
Table 126 Food & Culinary: 3D Printing Market, by Region, 2023-2028 (USD Million)
10.13 Other Verticals
Table 127 Other Verticals: 3D Printing Market, by Offering, 2019-2022 (USD Million)
Table 128 Other Verticals: 3D Printing Market, by Offering, 2023-2028 (USD Million)
Table 129 Other Verticals: 3D Printing Market, by Region, 2019-2022 (USD Million)
Table 130 Other Verticals: 3D Printing Market, by Region, 2023-2028 (USD Million)

11 3D Printing Market, by Region
11.1 Introduction
Figure 37 Asia-Pacific to Register Highest CAGR in 3D Printing Market During Forecast Period
Table 131 3D Printing Market, by Region, 2019-2022 (USD Million)
Table 132 3D Printing Market, by Region, 2023-2028 (USD Million)
11.2 North America
Figure 38 Snapshot: 3D Printing Market in North America
Table 133 North America: 3D Printing Market, by Offering, 2019-2022 (USD Million)
Table 134 North America: 3D Printing Market, by Offering, 2023-2028 (USD Million)
Table 135 North America: 3D Printing Market, by Application, 2019-2022 (USD Million)
Table 136 North America: 3D Printing Market, by Application, 2023-2028 (USD Million)
Table 137 North America: 3D Printing Market, by Country, 2019-2022 (USD Million)
Table 138 North America: 3D Printing Market, by Country, 2023-2028 (USD Million)
11.2.1 US
11.2.1.1 Huge Venture Capital Investments in 3D Printing Technology to Accelerate Market Growth
11.2.2 Canada
11.2.2.1 Automotive and Healthcare Verticals to Contribute to 3D Printing Market Growth
11.2.3 Mexico
11.2.3.1 Focus of Companies and Universities to Increase Awareness About Benefits of 3D Printing Technology to Drive Market
11.3 Europe
Figure 39 Snapshot: 3D Printing Market in Europe
Table 139 3D Printing Market in Europe, by Offering, 2019-2022 (USD Million)
Table 140 Europe: 3D Printing Market, by Offering, 2023-2028 (USD Million)
Table 141 Europe: 3D Printing Market, by Application, 2019-2022 (USD Million)
Table 142 Europe: 3D Printing Market, by Application, 2023-2028 (USD Million)
Table 143 Europe: 3D Printing Market, by Country, 2019-2022 (USD Million)
Table 144 Europe: 3D Printing Market, by Country, 2023-2028 (USD Million)
11.3.1 Germany
11.3.1.1 Increasing Demand for 3D Printing by Automobile Companies in Seat and Car Interior Applications to Propel Market
11.3.2 UK
11.3.2.1 Government Funding for Cutting-Edge Technology-Related Programs to Foster Use of 3D Printing Technology in Newer Applications
11.3.3 France
11.3.3.1 Growing Use of 3D Printing in Implants and Prosthetics to Drive Market
11.3.4 Italy
11.3.4.1 Aerospace, Automotive, Healthcare, and Consumer Products Verticals to be Key Enablers of 3D Printing Technology
11.3.5 Spain
11.3.5.1 Focus of Private Companies to Invest in 3D Printing-Related Innovations to Expedite Market Growth
11.3.6 Rest of Europe
11.4 Asia-Pacific
Figure 40 Snapshot: 3D Printing Market in Asia-Pacific
Table 145 Asia-Pacific: 3D Printing Market, by Offering, 2019-2022 (USD Million)
Table 146 Asia-Pacific: 3D Printing Market, by Offering, 2023-2028 (USD Million)
Table 147 Asia-Pacific: 3D Printing Market, by Application, 2019-2022 (USD Million)
Table 148 Asia-Pacific: 3D Printing Market, by Application, 2023-2028 (USD Million)
Table 149 Asia-Pacific: 3D Printing Market, by Country, 2019-2022 (USD Million)
Table 150 Asia-Pacific: 3D Printing Market, by Country, 2023-2028 (USD Million)
11.4.1 Japan
11.4.1.1 Increasing Investments by Government to Accelerate Research Activities in 3D Printing to Boost Growth
11.4.2 China
11.4.2.1 Focus of Global Market Players to Strengthen Their Footprint in China to Drive Market
11.4.3 India
11.4.3.1 Presence of 3D Printing Companies to Stimulate Market Growth
11.4.4 South Korea
11.4.4.1 Government Funding to Implement 3D Printing Technology in Newer Military and Medical Applications to Encourage Growth
11.4.5 Rest of Asia-Pacific
11.5 Rest of the World
Table 151 RoW: 3D Printing Market, by Offering, 2019-2022 (USD Million)
Table 152 RoW: 3D Printing Market, by Offering, 2023-2028 (USD Million)
Table 153 RoW: 3D Printing Market, by Application, 2019-2022 (USD Million)
Table 154 RoW: 3D Printing Market, by Application, 2023-2028 (USD Million)
Table 155 RoW: 3D Printing Market, by Region, 2019-2022 (USD Million)
Table 156 RoW: 3D Printing Market, by Region, 2023-2028 (USD Million)
11.5.1 Middle East & Africa
11.5.1.1 Investment Plans by South African Public Sector Companies in Building 3D Printing Infrastructure to Support Market Growth
11.5.2 South America
11.5.2.1 Growing Adoption of Expansion and Acquisition Strategies by 3D Printing Companies to Contribute to Market Growth

12 Competitive Landscape
12.1 Overview
12.2 Key Player Strategies/Right to Win
Table 157 Overview of Strategies Deployed by Key 3D Printing Manufacturers
12.2.1 Product Portfolio
12.2.2 Regional Focus
12.2.3 Manufacturing Footprint
12.2.4 Organic/Inorganic Growth Strategies
12.3 Market Share Analysis: 3D Printing Market, 2022
Table 158 3D Printing Market Share Analysis
12.4 Five-Year Company Revenue Analysis
Figure 41 Five-Year Revenue Analysis of Top Five Players in 3D Printing Market
12.5 Company Evaluation Quadrant, 2022
12.5.1 Stars
12.5.2 Emerging Leaders
12.5.3 Pervasive Players
12.5.4 Participants
Figure 42 3D Printing Market Company Evaluation Matrix, 2022
12.5.5 Competitive Benchmarking (25 Players)
Table 159 Company Offering Footprint (25 Players)
Table 160 Footprint of Different Companies for Various Verticals (25 Players)
Table 161 Footprint of Different Companies for Various Regions
12.6 Start-Ups/SMEs Evaluation Matrix
Table 162 List of Start-Up Companies in 3D Printing Market
12.6.1 Progressive Companies
12.6.2 Responsive Companies
12.6.3 Dynamic Companies
12.6.4 Starting Blocks
Figure 43 3D Printing Market, Start-Ups/SMEs Evaluation Matrix, 2022
12.7 Competitive Scenario and Trends
12.7.1 Product Launches
Table 163 Product Launches, 2019-2023
12.7.2 Deals
Table 164 Deals, 2019-2023

13 Company Profiles
(Business Overview, Products/Solutions/Services Offered, Recent Developments, and Analyst's View (Key Strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*
13.1 Key Companies
13.1.1 Stratasys
Table 165 Stratasys: Business Overview
Figure 44 Stratasys: Company Snapshot
Table 166 Stratasys: Product/Solution/Service Offerings
13.1.2 3D Systems
Figure 45 3D Systems: Company Snapshot
Table 168 3D Systems: Product/Solution/Service Offerings
13.1.3 Materialise
Table 169 Materialise: Business Overview
Figure 46 Materialise: Company Snapshot
Table 170 Materialise: Product/Solution/Service Offerings
13.1.4 EOS
Table 171 EOS: Business Overview
Figure 47 EOS: Company Snapshot
Table 172 EOS: Product/Solution/Service Offerings
13.1.5 General Electric
Table 173 General Electric: Business Overview
Figure 48 General Electric: Company Snapshot
Table 174 General Electric: Product/Solution/Service Offerings
13.1.6 Desktop Metal
Table 175 Desktop Metal: Business Overview
Figure 49 Desktop Metal: Company Snapshot
Table 176 Desktop Metal: Product/Solution/Service Offerings
13.1.7 Voxeljet
Table 177 Voxeljet: Business Overview
Figure 50 Voxeljet: Company Snapshot
Table 178 Voxeljet: Product/Solution/Service Offerings
13.1.8 HP
Table 179 HP: Business Overview
Figure 51 HP: Company Snapshot
Table 180 HP: Product/Solution/Service Offerings
13.1.9 SLM Solutions
Table 181 SLM Solutions: Business Overview
Figure 52 SLM Solutions: Company Snapshot
Table 182 SLM Solutions: Product/Solution/Service Offerings
13.1.10 Renishaw
Table 183 Renishaw: Business Overview
Figure 53 Renishaw: Company Snapshot
Table 184 Renishaw: Product/Solution/Service Offerings
13.2 Other Players
13.2.1 Protolabs
13.2.2 Cleangreen3D
13.2.3 Optomec
13.2.4 Groupe Gorgé
13.2.5 Ultimaker
13.2.6 Beijing Tiertime
13.2.7 XYZprinting
13.2.8 Höganäs
13.2.9 Covestro
13.2.10 Nexa3D
13.2.11 Trumpf
13.2.12 Formlabs
13.2.13 Markforged
13.2.14 Carbon
13.2.15 Nano Dimension
*Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, and Analyst's View (Key Strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) Might Not be Captured in Case of Unlisted Companies

14 Appendix
14.1 Discussion Guide
14.2 Knowledgestore: The Subscription Portal
14.3 Available Customizations

Executive Summary

Companies Mentioned

  • 3D Systems
  • ACS
  • Adidas
  • Ashley Furniture
  • Beijing Tiertime Technology
  • BMW
  • BOA
  • Carbon
  • CleanGreen3D Limited
  • Cobra Golf
  • Covestro
  • Daifuku
  • Decathlon
  • DeLaval
  • Desktop Metal
  • DJI
  • DLR Incorporated
  • EOS GmbH
  • ExOne
  • Flashforge
  • Formlabs
  • General Electric (GE)
  • Groupe Gorgé
  • HP
  • Höganäs
  • Intuitive Surgical
  • iRobot
  • JD.com Inc.
  • Kongsberg Maritime
  • Luxecel
  • Markforged
  • Materialise
  • Nano Dimension
  • Nexa3D
  • Northrop Grumman
  • Optomec
  • Porsche
  • Protolabs
  • Renishaw
  • Samsung Electronics
  • SLM Solutions
  • Stratasys
  • TRUMPF
  • Ultimaker
  • Voxeljet
  • Waveoptics
  • XYZprinting

Methodology

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