3D Printers Market Size, Share & Analysis Report, 2023-2032
The global 3D printers market size was exhibited at USD 17.59 billion in 2022 and is projected to hit around USD 88.61 billion by 2032, growing at a CAGR of 17.54% during the forecast period 2023 to 2032.
Key Pointers:
Effortlessness in development of tailored products, reduction in manufacturing cost and process downtime, government investment in additive manufacturing-based projects globally, and availability of wide variety of industrial-grade 3D printing materials are the few driving factors for the growth of 3D printing industry.
3D Printers Market Report Scope
|
Report Coverage |
Details |
|
Market Size in 2023 |
USD 20.68 Billion |
|
Market Size by 2032 |
USD 88.61 Billion |
|
Growth Rate From 2023 to 2032 |
CAGR of 17.54% |
|
Base Year |
2022 |
|
Forecast Period |
2023 to 2032 |
|
Segments Covered |
By Component, By Component, By Technology, By Software, By Application, By Vertical and By Material |
|
Market Analysis (Terms Used) |
Value (US$ Million/Billion) or (Volume/Units) |
|
Regional Scope |
North America; Europe; Asia Pacific; Central and South America; the Middle East and Africa |
|
Key Companies Profiled |
HP Inc., 3D Systems Inc., Envision Tec Inc., Autodesk Inc., Canon Inc., Stratasys Ltd. and Others. |
3D Printing Market Dynamics
Driver: Global government investment in 3D printing projects
Globally, governments are undertaking initiatives and funding educational institutions, research centers, and research and technology organizations to explore further the opportunities provided by 3D printing technology and encourage its development. The US, the UK, and Canada have implemented national programs for promoting university-level 3D printing research, driving technology advancement and the establishment of start-ups. The emergence of new applications for 3D printing has attracted industrialists and governments worldwide toward the technology. For instance, the UK National Strategy for Additive Manufacturing 2018–2025 aims to achieve EUR 3,500 million gross value added (GVA) per year by 2025 and 60,000 jobs across sectors. The strategy depicts a full set of recommendations developed by workgroups responsible for certain themes.
Restraint: Lack of standardized testing methods to verify mechanical properties of 3D printing materials and high cost of raw materials
More raw materials are available for traditional manufacturing than for 3D printing-based manufacturing processes. 3D printing of products with mixed materials and technology, such as circuit boards, is still under development. Though the technology is a major process breakthrough, the materials that can be used are still limited. Also, the accuracy and reproducibility of the products formed by 3D printing are hampered due to the lack of standardized tests to verify the mechanical properties (strength, toughness, stiffness, and hardness) of the materials used. Another concern is characterizing material properties depending on their suitability in 3D printing. Various available materials have characteristic mechanical properties, porosity, powder composition, particle homogeneity, size, and morphology. Therefore, material characterization and standardization for 3D printing are some of the important issues.
Opportunity: Emerging applications of 3D printing technology in automotive, printed electronics, jewelry, and education fields
3D printing technology is increasingly adopted in industrial manufacturing, especially in the automotive, aerospace, and defense industries. 3D printing has potential opportunities in tooling, jigs and fixtures, injection molding, and production parts manufacturing. 3D printing technology is in an early stage of development across several sectors, such as printed electronics, textiles, footwear, and food and culinary; however, it is experiencing significant adoption from the education, art and architecture, and jewellery industries. The market has been experiencing the advancement of printers and printing technologies, improvement in printing materials, and the development of a skilled workforce. The advancements in printing technology, design tools, software, materials, and printed electronics will allow electronics to be embedded within the structure of the products instead of mounting the printed circuit boards (PCBs) separately within the device. 3D printing finds potential opportunities to eliminate PCBs and produce hearing aids, structural electronics, print sensors, cell phone antennae, batteries, solar cells, light-emitting diodes, and other active and passive devices.
Challenge: Decline in sales of 3D printing devices due to recession impact
During a recession, companies and individuals may reduce their spending on non-essential items such as 3D printers, which could decrease the demand for 3D-printed products. Companies using 3D printers may delay their plans to adopt newer technologies due to financial uncertainty, which could slow down the growth of the 3D printing market. Established players in the 3D printing market may witness a decline in their annual revenues at the end of FY2023 due to the recession. Customers from emerging markets will be looking for low-cost 3D printers, which could increase the competition among established players.
3D printing market in Asia Pacific is expected to foresee the highest CAGR during the forecast period
The Asia Pacific region is expected to foresee the highest growth of 3D printing solutions during the forecast period. The region has witnessed a significant shift toward prototyping and advanced manufacturing using 3D printing. Government initiatives coupled with extensive research and development capabilities and foreign direct investment (FDI) have accelerated the growth of the market in this region. Technological advancements in China are another important driving factor for the market. China is one of the largest manufacturers of consumer devices and automotive vehicles.
Some of the prominent players in the 3D Printers Market include:
Segments Covered in the Report
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2032. For this study, Nova one advisor, Inc. has segmented the global 3D Printers market.
By Component
By Printer Type
By Technology
By Software
By Application
By Vertical
By Material
By Region
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. Market Dynamics Analysis and Trends
5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition
Chapter 6. Competitive Landscape
6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers
Chapter 7. Global 3D Printers Market, By Component
7.1. 3D Printers Market, by Component, 2023-2032
7.1.1. Hardware
7.1.1.1. Market Revenue and Forecast (2020-2032)
7.1.2. Software
7.1.2.1. Market Revenue and Forecast (2020-2032)
7.1.3. Services
7.1.3.1. Market Revenue and Forecast (2020-2032)
Chapter 8. Global 3D Printers Market, By Printer Type
8.1. 3D Printers Market, by Printer Type, 2023-2032
8.1.1. Industrial 3d printer
8.1.1.1. Market Revenue and Forecast (2020-2032)
8.1.2. Desktop 3d printer
8.1.2.1. Market Revenue and Forecast (2020-2032)
Chapter 9. Global 3D Printers Market, By Technology
9.1. 3D Printers Market, by Technology, 2023-2032
9.1.1. Stereolithography
9.1.1.1. Market Revenue and Forecast (2020-2032)
9.1.2. Inkjet printing
9.1.2.1. Market Revenue and Forecast (2020-2032)
9.1.3. Direct metal laser sintering
9.1.3.1. Market Revenue and Forecast (2020-2032)
9.1.4. Fuse deposition modeling
9.1.4.1. Market Revenue and Forecast (2020-2032)
9.1.5. Selective laser sintering
9.1.5.1. Market Revenue and Forecast (2020-2032)
9.1.6. Poly jet printing
9.1.6.1. Market Revenue and Forecast (2020-2032)
9.1.7. Electron beam melting
9.1.7.1. Market Revenue and Forecast (2020-2032)
9.1.8. Laser metal deposition
9.1.8.1. Market Revenue and Forecast (2020-2032)
9.1.9. Digital light processing
9.1.9.1. Market Revenue and Forecast (2020-2032)
9.1.10. Laminated object manufacturing & Others
9.1.10.1. Market Revenue and Forecast (2020-2032)
Chapter 10. Global 3D Printers Market, By Software
10.1. 3D Printers Market, by Software, 2023-2032
10.1.1. Design software
10.1.1.1. Market Revenue and Forecast (2020-2032)
10.1.2. Inspection software
10.1.2.1. Market Revenue and Forecast (2020-2032)
10.1.3. Printer software
10.1.3.1. Market Revenue and Forecast (2020-2032)
10.1.4. Scanning software
10.1.4.1. Market Revenue and Forecast (2020-2032)
Chapter 11. Global 3D Printers Market, By Application
11.1. 3D Printers Market, by Application, 2023-2032
11.1.1. Prototyping
11.1.1.1. Market Revenue and Forecast (2020-2032)
11.1.2. Tooling
11.1.2.1. Market Revenue and Forecast (2020-2032)
11.1.3. Functional parts
11.1.3.1. Market Revenue and Forecast (2020-2032)
Chapter 12. Global 3D Printers Market, By Vertical
12.1. 3D Printers Market, by Vertical, 2023-2032
12.1.1. Automotive
12.1.1.1. Market Revenue and Forecast (2020-2032)
12.1.2. Airospace& Defense
12.1.2.1. Market Revenue and Forecast (2020-2032)
12.1.3. Healthcare
12.1.3.1. Market Revenue and Forecast (2020-2032)
12.1.4. Consumer Electronics
12.1.4.1. Market Revenue and Forecast (2020-2032)
12.1.5. Industrial
12.1.5.1. Market Revenue and Forecast (2020-2032)
12.1.6. Power & Energy
12.1.6.1. Market Revenue and Forecast (2020-2032)
12.1.7. Education
12.1.7.1. Market Revenue and Forecast (2020-2032)
12.1.8. Fashion & Jewelry
12.1.8.1. Market Revenue and Forecast (2020-2032)
12.1.9. Food
12.1.9.1. Market Revenue and Forecast (2020-2032)
12.1.10. Object
12.1.10.1. Market Revenue and Forecast (2020-2032)
12.1.11. Dental
12.1.11.1. Market Revenue and Forecast (2020-2032)
12.1.12. Others
12.1.12.1. Market Revenue and Forecast (2020-2032)
Chapter 13. Global 3D Printers Market, By Material
13.1. 3D Printers Market, by Material, 2023-2032
13.1.1. Polymer
13.1.1.1. Market Revenue and Forecast (2020-2032)
13.1.2. Metal
13.1.2.1. Market Revenue and Forecast (2020-2032)
13.1.3. Ceramic
13.1.3.1. Market Revenue and Forecast (2020-2032)
Chapter 14. Global 3D Printers Market, Regional Estimates and Trend Forecast
14.1. North America
14.1.1. Market Revenue and Forecast, by Component (2020-2032)
14.1.2. Market Revenue and Forecast, by Printer Type (2020-2032)
14.1.3. Market Revenue and Forecast, by Technology (2020-2032)
14.1.4. Market Revenue and Forecast, by Software (2020-2032)
14.1.5. Market Revenue and Forecast, by Application (2020-2032)
14.1.6. Market Revenue and Forecast, by Material (2020-2032)
14.1.7. Market Revenue and Forecast, by Vertical (2020-2032)
14.1.8. U.S.
14.1.8.1. Market Revenue and Forecast, by Component (2020-2032)
14.1.8.2. Market Revenue and Forecast, by Printer Type (2020-2032)
14.1.8.3. Market Revenue and Forecast, by Technology (2020-2032)
14.1.8.4. Market Revenue and Forecast, by Software (2020-2032)
14.1.8.5. Market Revenue and Forecast, by Application (2020-2032)
14.1.8.6. Market Revenue and Forecast, by Material (2020-2032)
14.1.8.7. Market Revenue and Forecast, by Vertical (2020-2032)
14.1.9. Rest of North America
14.1.9.1. Market Revenue and Forecast, by Component (2020-2032)
14.1.9.2. Market Revenue and Forecast, by Printer Type (2020-2032)
14.1.9.3. Market Revenue and Forecast, by Technology (2020-2032)
14.1.9.4. Market Revenue and Forecast, by Software (2020-2032)
14.1.9.5. Market Revenue and Forecast, by Application (2020-2032)
14.1.9.6. Market Revenue and Forecast, by Material (2020-2032)
14.1.9.7. Market Revenue and Forecast, by Vertical (2020-2032)
14.2. Europe
14.2.1. Market Revenue and Forecast, by Component (2020-2032)
14.2.2. Market Revenue and Forecast, by Printer Type (2020-2032)
14.2.3. Market Revenue and Forecast, by Technology (2020-2032)
14.2.4. Market Revenue and Forecast, by Software (2020-2032)
14.2.5. Market Revenue and Forecast, by Application (2020-2032)
14.2.6. Market Revenue and Forecast, by Material (2020-2032)
14.2.7. Market Revenue and Forecast, by Vertical (2020-2032)
14.2.8. UK
14.2.8.1. Market Revenue and Forecast, by Component (2020-2032)
14.2.8.2. Market Revenue and Forecast, by Printer Type (2020-2032)
14.2.8.3. Market Revenue and Forecast, by Technology (2020-2032)
14.2.8.4. Market Revenue and Forecast, by Software (2020-2032)
14.2.8.5. Market Revenue and Forecast, by Application (2020-2032)
14.2.8.6. Market Revenue and Forecast, by Material (2020-2032)
14.2.8.7. Market Revenue and Forecast, by Vertical (2020-2032)
14.2.9. Germany
14.2.9.1. Market Revenue and Forecast, by Component (2020-2032)
14.2.9.2. Market Revenue and Forecast, by Printer Type (2020-2032)
14.2.9.3. Market Revenue and Forecast, by Technology (2020-2032)
14.2.9.4. Market Revenue and Forecast, by Software (2020-2032)
14.2.9.5. Market Revenue and Forecast, by Application (2020-2032)
14.2.9.6. Market Revenue and Forecast, by Material (2020-2032)
14.2.9.7. Market Revenue and Forecast, by Vertical (2020-2032)
14.2.10. France
14.2.10.1. Market Revenue and Forecast, by Component (2020-2032)
14.2.10.2. Market Revenue and Forecast, by Printer Type (2020-2032)
14.2.10.3. Market Revenue and Forecast, by Technology (2020-2032)
14.2.10.4. Market Revenue and Forecast, by Software (2020-2032)
14.2.10.5. Market Revenue and Forecast, by Application (2020-2032)
14.2.10.6. Market Revenue and Forecast, by Material (2020-2032)
14.2.10.7. Market Revenue and Forecast, by Vertical (2020-2032)
14.2.11. Rest of Europe
14.2.11.1. Market Revenue and Forecast, by Component (2020-2032)
14.2.11.2. Market Revenue and Forecast, by Printer Type (2020-2032)
14.2.11.3. Market Revenue and Forecast, by Technology (2020-2032)
14.2.11.4. Market Revenue and Forecast, by Software (2020-2032)
14.2.11.5. Market Revenue and Forecast, by Application (2020-2032)
14.2.11.6. Market Revenue and Forecast, by Material (2020-2032)
14.2.11.7. Market Revenue and Forecast, by Vertical (2020-2032)
14.3. APAC
14.3.1. Market Revenue and Forecast, by Component (2020-2032)
14.3.2. Market Revenue and Forecast, by Printer Type (2020-2032)
14.3.3. Market Revenue and Forecast, by Technology (2020-2032)
14.3.4. Market Revenue and Forecast, by Software (2020-2032)
14.3.5. Market Revenue and Forecast, by Application (2020-2032)
14.3.6. Market Revenue and Forecast, by Material (2020-2032)
14.3.7. Market Revenue and Forecast, by Vertical (2020-2032)
14.3.8. India
14.3.8.1. Market Revenue and Forecast, by Component (2020-2032)
14.3.8.2. Market Revenue and Forecast, by Printer Type (2020-2032)
14.3.8.3. Market Revenue and Forecast, by Technology (2020-2032)
14.3.8.4. Market Revenue and Forecast, by Software (2020-2032)
14.3.8.5. Market Revenue and Forecast, by Application (2020-2032)
14.3.8.6. Market Revenue and Forecast, by Material (2020-2032)
14.3.8.7. Market Revenue and Forecast, by Vertical (2020-2032)
14.3.9. China
14.3.9.1. Market Revenue and Forecast, by Component (2020-2032)
14.3.9.2. Market Revenue and Forecast, by Printer Type (2020-2032)
14.3.9.3. Market Revenue and Forecast, by Technology (2020-2032)
14.3.9.4. Market Revenue and Forecast, by Software (2020-2032)
14.3.9.5. Market Revenue and Forecast, by Application (2020-2032)
14.3.9.6. Market Revenue and Forecast, by Material (2020-2032)
14.3.9.7. Market Revenue and Forecast, by Vertical (2020-2032)
14.3.10. Japan
14.3.10.1. Market Revenue and Forecast, by Component (2020-2032)
14.3.10.2. Market Revenue and Forecast, by Printer Type (2020-2032)
14.3.10.3. Market Revenue and Forecast, by Technology (2020-2032)
14.3.10.4. Market Revenue and Forecast, by Software (2020-2032)
14.3.10.5. Market Revenue and Forecast, by Application (2020-2032)
14.3.10.6. Market Revenue and Forecast, by Material (2020-2032)
14.3.10.7. Market Revenue and Forecast, by Vertical (2020-2032)
14.3.11. Rest of APAC
14.3.11.1. Market Revenue and Forecast, by Component (2020-2032)
14.3.11.2. Market Revenue and Forecast, by Printer Type (2020-2032)
14.3.11.3. Market Revenue and Forecast, by Technology (2020-2032)
14.3.11.4. Market Revenue and Forecast, by Software (2020-2032)
14.3.11.5. Market Revenue and Forecast, by Application (2020-2032)
14.3.11.6. Market Revenue and Forecast, by Material (2020-2032)
14.3.11.7. Market Revenue and Forecast, by Vertical (2020-2032)
14.4. MEA
14.4.1. Market Revenue and Forecast, by Component (2020-2032)
14.4.2. Market Revenue and Forecast, by Printer Type (2020-2032)
14.4.3. Market Revenue and Forecast, by Technology (2020-2032)
14.4.4. Market Revenue and Forecast, by Software (2020-2032)
14.4.5. Market Revenue and Forecast, by Application (2020-2032)
14.4.6. Market Revenue and Forecast, by Material (2020-2032)
14.4.7. Market Revenue and Forecast, by Vertical (2020-2032)
14.4.8. GCC
14.4.8.1. Market Revenue and Forecast, by Component (2020-2032)
14.4.8.2. Market Revenue and Forecast, by Printer Type (2020-2032)
14.4.8.3. Market Revenue and Forecast, by Technology (2020-2032)
14.4.8.4. Market Revenue and Forecast, by Software (2020-2032)
14.4.8.5. Market Revenue and Forecast, by Application (2020-2032)
14.4.8.6. Market Revenue and Forecast, by Material (2020-2032)
14.4.8.7. Market Revenue and Forecast, by Vertical (2020-2032)
14.4.9. North Africa
14.4.9.1. Market Revenue and Forecast, by Component (2020-2032)
14.4.9.2. Market Revenue and Forecast, by Printer Type (2020-2032)
14.4.9.3. Market Revenue and Forecast, by Technology (2020-2032)
14.4.9.4. Market Revenue and Forecast, by Software (2020-2032)
14.4.9.5. Market Revenue and Forecast, by Application (2020-2032)
14.4.9.6. Market Revenue and Forecast, by Material (2020-2032)
14.4.9.7. Market Revenue and Forecast, by Vertical (2020-2032)
14.4.10. South Africa
14.4.10.1. Market Revenue and Forecast, by Component (2020-2032)
14.4.10.2. Market Revenue and Forecast, by Printer Type (2020-2032)
14.4.10.3. Market Revenue and Forecast, by Technology (2020-2032)
14.4.10.4. Market Revenue and Forecast, by Software (2020-2032)
14.4.10.5. Market Revenue and Forecast, by Application (2020-2032)
14.4.10.6. Market Revenue and Forecast, by Material (2020-2032)
14.4.10.7. Market Revenue and Forecast, by Vertical (2020-2032)
14.4.11. Rest of MEA
14.4.11.1. Market Revenue and Forecast, by Component (2020-2032)
14.4.11.2. Market Revenue and Forecast, by Printer Type (2020-2032)
14.4.11.3. Market Revenue and Forecast, by Technology (2020-2032)
14.4.11.4. Market Revenue and Forecast, by Software (2020-2032)
14.4.11.5. Market Revenue and Forecast, by Application (2020-2032)
14.4.11.6. Market Revenue and Forecast, by Material (2020-2032)
14.4.11.7. Market Revenue and Forecast, by Vertical (2020-2032)
14.5. Latin America
14.5.1. Market Revenue and Forecast, by Component (2020-2032)
14.5.2. Market Revenue and Forecast, by Printer Type (2020-2032)
14.5.3. Market Revenue and Forecast, by Technology (2020-2032)
14.5.4. Market Revenue and Forecast, by Software (2020-2032)
14.5.5. Market Revenue and Forecast, by Application (2020-2032)
14.5.6. Market Revenue and Forecast, by Material (2020-2032)
14.5.7. Market Revenue and Forecast, by Vertical (2020-2032)
14.5.8. Brazil
14.5.8.1. Market Revenue and Forecast, by Component (2020-2032)
14.5.8.2. Market Revenue and Forecast, by Printer Type (2020-2032)
14.5.8.3. Market Revenue and Forecast, by Technology (2020-2032)
14.5.8.4. Market Revenue and Forecast, by Software (2020-2032)
14.5.8.5. Market Revenue and Forecast, by Application (2020-2032)
14.5.8.6. Market Revenue and Forecast, by Material (2020-2032)
14.5.8.7. Market Revenue and Forecast, by Vertical (2020-2032)
14.5.9. Rest of LATAM
14.5.9.1. Market Revenue and Forecast, by Component (2020-2032)
14.5.9.2. Market Revenue and Forecast, by Printer Type (2020-2032)
14.5.9.3. Market Revenue and Forecast, by Technology (2020-2032)
14.5.9.4. Market Revenue and Forecast, by Software (2020-2032)
14.5.9.5. Market Revenue and Forecast, by Application (2020-2032)
14.5.9.6. Market Revenue and Forecast, by Material (2020-2032)
14.5.9.7. Market Revenue and Forecast, by Vertical (2020-2032)
Chapter 15. Company Profiles
15.1. HP Inc.
15.1.1. Company Overview
15.1.2. Product Offerings
15.1.3. Financial Performance
15.1.4. Recent Initiatives
15.2. 3D Systems Inc.
15.2.1. Company Overview
15.2.2. Product Offerings
15.2.3. Financial Performance
15.2.4. Recent Initiatives
15.3. Envision Tec Inc.
15.3.1. Company Overview
15.3.2. Product Offerings
15.3.3. Financial Performance
15.3.4. Recent Initiatives
15.4. Autodesk Inc.
15.4.1. Company Overview
15.4.2. Product Offerings
15.4.3. Financial Performance
15.4.4. Recent Initiatives
15.5. Canon Inc.
15.5.1. Company Overview
15.5.2. Product Offerings
15.5.3. Financial Performance
15.5.4. Recent Initiatives
15.6. Stratasys Ltd.
15.6.1. Company Overview
15.6.2. Product Offerings
15.6.3. Financial Performance
15.6.4. Recent Initiatives
Chapter 16. Research Methodology
16.1. Primary Research
16.2. Secondary Research
16.3. Assumptions
Chapter 17. Appendix
17.1. About Us
17.2. Glossary of Terms
Cross-segment Market Size and Analysis for
Mentioned Segments
Additional Company Profiles (Upto 5 With No Cost)
Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers