3D Printing Market Size, Share & Analysis Report, 2023-2032
The global 3D printing market size was exhibited at USD 17.45 billion in 2022 and is projected to hit around USD 98.79 billion by 2032, growing at a CAGR of 18.93% during the forecast period 2023 to 2032.
Key Pointers:
3D Printing Market Report Scope
|
Report Coverage |
Details |
|
Market Size in 2023 |
USD 20.75 Billion |
|
Market Size by 2032 |
USD 98.79 Billion |
|
Growth Rate From 2023 to 2032 |
CAGR of 18.93% |
|
Base Year |
2022 |
|
Forecast Period |
2023 to 2032 |
|
Segments Covered |
By Component, By Printer Type, By Technology, By Application, By Vertical and By Material |
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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 |
Stratasys Ltd., EnvisionTec, Inc., Materialise, 3D Systems, Inc., Autodesk Inc., GE Additive, Voxeljet AG, Made In Space, Canon Inc. and Others. |
The aggressive research & development in three-dimensional printing and the growing demand for prototyping applications from various industry verticals, particularly healthcare, automotive, and aerospace & defense, are expected to drive the growth of the market.
The use of 3D printing in industrial applications is usually referred to as additive manufacturing (AM). Additive manufacturing involves a layer-by-layer addition of material to form an object, referring to a three-dimensional file, with the help of software and a 3-dimensional printer. A relevant 3D printing technology is selected from the available set of technologies to implement the process. The last step involves the deployment of this process across different industry verticals based on the necessity.
The deployment includes providing installation services, offering consultation solutions, and customer support, as well as handling aspects related to copyrights, licensing and patenting. 3D printing is benefiting manufacturers in terms of prototyping, designing of the structure and end products, modeling, and time to market. As a result, the production expenses have reduced considerably, and the manufacturers are in a position to offer better products at reasonable prices. As a result of these benefits, the demand for 3D printers is expected to be triggered more in the coming years.
However, the prevailing misconceptions with respect to the prototyping processes held by the small and medium-scale manufacturers are hindering the adoption of additive manufacturing. Companies involved in designing, particularly small-scale and medium-scale enterprises, are deliberating before considering investments in prototyping as accountable investments rather than trying to understand the advantages and benefits of prototyping. The general notion prevailing among these enterprises is that prototyping is merely an expensive phase prior to manufacturing. Such perceptions regarding prototyping, coupled with the lack of technical knowledge and a looming lack of standard process controls, are expected to hinder the market growth.
The outbreak of the COVID-19 pandemic has significantly impacted the overall global economy and subsequently, the 3D printing industry. Initially, Europe and Asia Pacific were some of the worst affected regions in terms of the number of COVID-19 patients across the globe. Further, the situation worsened in the U.S. as well. Due to the rapid spread of the virus, the governments issued an order for the complete lockdown of some key cities. The complete lockdown affected the production of 3D printing manufacturers. This is attributed to the labor shortage and the complete disruption of logistics and supply chain in the nation. The halt in the production of 3D printing had an adverse impact on the overall market growth in the first and second quarters of 2020.
North America led the market and accounted for more than 35% share of the global revenue in 2022. This can be attributed to the extensive adoption of additive manufacturing in the region. North American countries, such as the U.S. and Canada, have been among the prominent and early adopters of these technologies in various manufacturing processes. Europe happens to be the largest region in terms of its geographical footprint. It is home to several additive manufacturing industry players, which hold strong technical expertise in additive manufacturing processes. Hence, the European market emerged as the second-largest regional market in 2021.
The Asia Pacific region is projected to expand at the highest CAGR during the forecast period. This rapid adoption of AM in Asia Pacific can be attributed to the developments and upgrades across the manufacturing industry within the region. The Asia Pacific region is also emerging as a manufacturing hub for the automotive and healthcare industries. A stronghold on the production of consumer electronics, coupled with rapid urbanization, is also contributing to the rising demand for three-dimensional printing in the region.
Some of the prominent players in the 3D Printing 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 Printing market.
By Component
By Printer Type
By Technology
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 (Premium Insights)
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 Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on 3D Printing Market
5.1. COVID-19 Landscape: 3D Printing Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global 3D Printing Market, By Component
8.1. 3D Printing Market, by Component, 2023-2032
8.1.1. Software
8.1.1.1. Market Revenue and Forecast (2020-2032)
8.1.2. Hardware
8.1.2.1. Market Revenue and Forecast (2020-2032)
8.1.3. Services
8.1.3.1. Market Revenue and Forecast (2020-2032)
Chapter 9. Global 3D Printing Market, By Printer Type
9.1. 3D Printing Market, by Printer Type, 2023-2032
9.1.1. Industrial 3D Printer
9.1.1.1. Market Revenue and Forecast (2020-2032)
9.1.2. Desktop 3D Printer
9.1.2.1. Market Revenue and Forecast (2020-2032)
Chapter 10. Global 3D Printing Market, By Technology
10.1. 3D Printing Market, by Technology, 2023-2032
10.1.1. Selective Laser Sintering
10.1.1.1. Market Revenue and Forecast (2020-2032)
10.1.2. Stereolithography
10.1.2.1. Market Revenue and Forecast (2020-2032)
10.1.3. Fuse Deposition Modeling
10.1.3.1. Market Revenue and Forecast (2020-2032)
10.1.4. Direct Metal Laser Sintering
10.1.4.1. Market Revenue and Forecast (2020-2032)
10.1.5. Inkjet Printing
10.1.5.1. Market Revenue and Forecast (2020-2032)
10.1.6. Polyjet Printing
10.1.6.1. Market Revenue and Forecast (2020-2032)
10.1.7. Electron Beam Melting
10.1.7.1. Market Revenue and Forecast (2020-2032)
10.1.8. Laminated Object Manufacturing
10.1.8.1. Market Revenue and Forecast (2020-2032)
10.1.9. Digital Light Processing
10.1.9.1. Market Revenue and Forecast (2020-2032)
10.1.10. Laser Metal Deposition
10.1.10.1. Market Revenue and Forecast (2020-2032)
10.1.11. Others
10.1.11.1. Market Revenue and Forecast (2020-2032)
Chapter 11. Global 3D Printing Market, By Application
11.1. 3D Printing Market, by Application, 2023-2032
11.1.1. Functional Parts
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. Prototyping
11.1.3.1. Market Revenue and Forecast (2020-2032)
Chapter 12. Global 3D Printing Market, By Vertical
12.1. 3D Printing Market, by Vertical, 2023-2032
12.1.1. Industrial 3D Printing
12.1.1.1. Market Revenue and Forecast (2020-2032)
12.1.2. Desktop 3D Printing
12.1.2.1. Market Revenue and Forecast (2020-2032)
Chapter 13. Global 3D Printing Market, By Material
13.1. 3D Printing Market, by Material, 2023-2032
13.1.1. Metal
13.1.1.1. Market Revenue and Forecast (2020-2032)
13.1.2. Polymer
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 Printing 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 Application (2020-2032)
14.1.5. Market Revenue and Forecast, by Vertical (2020-2032)
14.1.6. Market Revenue and Forecast, by Material (2020-2032)
14.1.7. U.S.
14.1.7.1. Market Revenue and Forecast, by Component (2020-2032)
14.1.7.2. Market Revenue and Forecast, by Printer Type (2020-2032)
14.1.7.3. Market Revenue and Forecast, by Technology (2020-2032)
14.1.7.4. Market Revenue and Forecast, by Application (2020-2032)
14.1.8. Market Revenue and Forecast, by Vertical (2020-2032)
14.1.8.1. Market Revenue and Forecast, by Material (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 Application (2020-2032)
14.1.10. Market Revenue and Forecast, by Vertical (2020-2032)
14.1.11. Market Revenue and Forecast, by Material (2020-2032)
14.1.11.1.
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 Application (2020-2032)
14.2.5. Market Revenue and Forecast, by Vertical (2020-2032)
14.2.6. Market Revenue and Forecast, by Material (2020-2032)
14.2.7.
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)
14.2.9. Market Revenue and Forecast, by Application (2020-2032)
14.2.10. Market Revenue and Forecast, by Vertical (2020-2032)
14.2.10.1. Market Revenue and Forecast, by Material (2020-2032)
14.2.11. Germany
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)
14.2.12. Market Revenue and Forecast, by Application (2020-2032)
14.2.13. Market Revenue and Forecast, by Vertical (2020-2032)
14.2.14. Market Revenue and Forecast, by Material (2020-2032)
14.2.14.1.
14.2.15. France
14.2.15.1. Market Revenue and Forecast, by Component (2020-2032)
14.2.15.2. Market Revenue and Forecast, by Printer Type (2020-2032)
14.2.15.3. Market Revenue and Forecast, by Technology (2020-2032)
14.2.15.4. Market Revenue and Forecast, by Application (2020-2032)
14.2.16. Market Revenue and Forecast, by Vertical (2020-2032)
14.2.16.1. Market Revenue and Forecast, by Material (2020-2032)
14.2.17. Rest of Europe
14.2.17.1. Market Revenue and Forecast, by Component (2020-2032)
14.2.17.2. Market Revenue and Forecast, by Printer Type (2020-2032)
14.2.17.3. Market Revenue and Forecast, by Technology (2020-2032)
14.2.17.4. Market Revenue and Forecast, by Application (2020-2032)
14.2.18. Market Revenue and Forecast, by Vertical (2020-2032)
14.2.18.1. Market Revenue and Forecast, by Material (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 Application (2020-2032)
14.3.5. Market Revenue and Forecast, by Vertical (2020-2032)
14.3.6. Market Revenue and Forecast, by Material (2020-2032)
14.3.7. India
14.3.7.1. Market Revenue and Forecast, by Component (2020-2032)
14.3.7.2. Market Revenue and Forecast, by Printer Type (2020-2032)
14.3.7.3. Market Revenue and Forecast, by Technology (2020-2032)
14.3.7.4. Market Revenue and Forecast, by Application (2020-2032)
14.3.8. Market Revenue and Forecast, by Vertical (2020-2032)
14.3.9. Market Revenue and Forecast, by Material (2020-2032)
14.3.10. China
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 Application (2020-2032)
14.3.11. Market Revenue and Forecast, by Vertical (2020-2032)
14.3.11.1. Market Revenue and Forecast, by Material (2020-2032)
14.3.12. Japan
14.3.12.1. Market Revenue and Forecast, by Component (2020-2032)
14.3.12.2. Market Revenue and Forecast, by Printer Type (2020-2032)
14.3.12.3. Market Revenue and Forecast, by Technology (2020-2032)
14.3.12.4. Market Revenue and Forecast, by Application (2020-2032)
14.3.12.5. Market Revenue and Forecast, by Vertical (2020-2032)
14.3.12.6. Market Revenue and Forecast, by Material (2020-2032)
14.3.13. Rest of APAC
14.3.13.1. Market Revenue and Forecast, by Component (2020-2032)
14.3.13.2. Market Revenue and Forecast, by Printer Type (2020-2032)
14.3.13.3. Market Revenue and Forecast, by Technology (2020-2032)
14.3.13.4. Market Revenue and Forecast, by Application (2020-2032)
14.3.13.5. Market Revenue and Forecast, by Vertical (2020-2032)
14.3.13.6. Market Revenue and Forecast, by Material (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 Application (2020-2032)
14.4.5. Market Revenue and Forecast, by Vertical (2020-2032)
14.4.6. Market Revenue and Forecast, by Material (2020-2032)
14.4.7. GCC
14.4.7.1. Market Revenue and Forecast, by Component (2020-2032)
14.4.7.2. Market Revenue and Forecast, by Printer Type (2020-2032)
14.4.7.3. Market Revenue and Forecast, by Technology (2020-2032)
14.4.7.4. Market Revenue and Forecast, by Application (2020-2032)
14.4.8. Market Revenue and Forecast, by Vertical (2020-2032)
14.4.9. Market Revenue and Forecast, by Material (2020-2032)
14.4.10. North 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 Application (2020-2032)
14.4.11. Market Revenue and Forecast, by Vertical (2020-2032)
14.4.12. Market Revenue and Forecast, by Material (2020-2032)
14.4.13. South Africa
14.4.13.1. Market Revenue and Forecast, by Component (2020-2032)
14.4.13.2. Market Revenue and Forecast, by Printer Type (2020-2032)
14.4.13.3. Market Revenue and Forecast, by Technology (2020-2032)
14.4.13.4. Market Revenue and Forecast, by Application (2020-2032)
14.4.13.5. Market Revenue and Forecast, by Vertical (2020-2032)
14.4.13.6. Market Revenue and Forecast, by Material (2020-2032)
14.4.14. Rest of MEA
14.4.14.1. Market Revenue and Forecast, by Component (2020-2032)
14.4.14.2. Market Revenue and Forecast, by Printer Type (2020-2032)
14.4.14.3. Market Revenue and Forecast, by Technology (2020-2032)
14.4.14.4. Market Revenue and Forecast, by Application (2020-2032)
14.4.14.5. Market Revenue and Forecast, by Vertical (2020-2032)
14.4.14.6. Market Revenue and Forecast, by Material (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 Application (2020-2032)
14.5.5. Market Revenue and Forecast, by Vertical (2020-2032)
14.5.6. Market Revenue and Forecast, by Material (2020-2032)
14.5.7. Brazil
14.5.7.1. Market Revenue and Forecast, by Component (2020-2032)
14.5.7.2. Market Revenue and Forecast, by Printer Type (2020-2032)
14.5.7.3. Market Revenue and Forecast, by Technology (2020-2032)
14.5.7.4. Market Revenue and Forecast, by Application (2020-2032)
14.5.8. Market Revenue and Forecast, by Vertical (2020-2032)
14.5.8.1. Market Revenue and Forecast, by Material (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 Application (2020-2032)
14.5.9.5. Market Revenue and Forecast, by Vertical (2020-2032)
14.5.9.6. Market Revenue and Forecast, by Material (2020-2032)
Chapter 15. Company Profiles
15.1. Stratasys Ltd.
15.1.1. Company Overview
15.1.2. Product Offerings
15.1.3. Financial Performance
15.1.4. Recent Initiatives
15.2. EnvisionTec, Inc.
15.2.1. Company Overview
15.2.2. Product Offerings
15.2.3. Financial Performance
15.2.4. Recent Initiatives
15.3. Materialise
15.3.1. Company Overview
15.3.2. Product Offerings
15.3.3. Financial Performance
15.3.4. Recent Initiatives
15.4. 3D Systems, Inc.
15.4.1. Company Overview
15.4.2. Product Offerings
15.4.3. Financial Performance
15.4.4. Recent Initiatives
15.5. Autodesk Inc.
15.5.1. Company Overview
15.5.2. Product Offerings
15.5.3. Financial Performance
15.5.4. Recent Initiatives
15.6. GE Additive
15.6.1. Company Overview
15.6.2. Product Offerings
15.6.3. Financial Performance
15.6.4. Recent Initiatives
15.7. Voxeljet AG
15.7.1. Company Overview
15.7.2. Product Offerings
15.7.3. Financial Performance
15.7.4. Recent Initiatives
15.8. Made In Space
15.8.1. Company Overview
15.8.2. Product Offerings
15.8.3. Financial Performance
15.8.4. Recent Initiatives
15.9. Canon Inc.
15.9.1. Company Overview
15.9.2. Product Offerings
15.9.3. Financial Performance
15.9.4. 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