Report Details

Global 3D Printing Market Size, Share, Forecast Report, 2020-2027

The report provides rational insights along with historical and forecast data to aid in better understanding of the Global 3D Printing Market. The report provides a comprehensive analysis of key factors that are expected to drive the growth of the 3D Printing market. This study also provides a detailed overview of the opportunities along with the current trends observed in the target market.

The global 3D printing market size was valued at USD 11.58 billion in 2019 and is expected to expand at a CAGR exceeding 14% from 2020 to 2027. Globally, 1.42 million units of 3D printers were shipped in 2018 and this number is expected to reach 8.04 million units by 2027. The aggressive R&D in Three-Dimensional Printing (3DP) and growing demand for prototyping applications from various industry verticals, particularly healthcare, automotive, and aerospace and defense, are the factors expected to drive the market growth.

The use of 3D printing in industrial applications usually refers to 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 a 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 deployment of this process across different industry verticals based on the necessity.

The deployment includes providing installation services, consultation solutions, and customer support, as well as handling aspects related to copyrights, licensing, and patenting. 3D printing benefits manufacturers in terms of prototyping, structural designing the structures and end products, modeling, and reduced time to market. As a result, the production expenses have reduced considerably helping the manufacturers offer better products at reasonable prices. As a result, the demand for 3D printers is expected to witness significant growth in the forthcoming 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 the manufacturing. Such perceptions regarding the prototyping coupled with the lack of technical knowledge and a looming lack of standard process controls are expected to hinder the market growth

The report covers major players operating in the market along with the key strategies implemented to achieve a competitive edge against a majority of the vendors which provides a competitive outlook of the industry. The competitive landscape further includes details about different players and their position on a global and a local level is also explained in detail in this compiled study. These insights were prepared through mapping business strategies and products that offer high revenue generation capacities. Key players of the global 3D Printing market are included as given below:

Market players focus on technological advancements to enhance the existing technology in response to the growing demand for 3D printing applications from the automotive, healthcare, and aerospace and defense verticals for manufacturing purposes. Stratsys, Ltd.; Materialise; EnvisionTec, Inc.; 3D Systems, Inc.; GE Additive; Autodesk Inc.; Made In Space; Canon Inc.; and Voxeljet AG are some of the eminent players active in the market.

The global 3D Printing market has been segmented as below:

  • Component 

    • Hardware

    • Software

    • Services

  • Printer Type 

    • Desktop 3D Printer

    • Industrial 3D Printer

  • Technology 

    • Stereolithography

    • Fuse Deposition Modeling

    • Selective Laser Sintering

    • Direct Metal Laser Sintering

    • Polyjet Printing

    • Inkjet printing

    • Electron Beam Melting

    • Laser Metal Deposition

    • Digital Light Processing

    • Laminated Object Manufacturing

    • Others

  • Software

    • Design Software

    • Inspection Software

    • Printer Software

    • Scanning Software

  • Application 

    • Prototyping

    • Tooling

    • Functional Parts

  • Vertical 

    • Industrial 3D Printing

      • Automotive

      • Aerospace & Defense

      • Healthcare

      • Consumer Electronics

      • Power & Energy

      • Others

    • Desktop 3D Printing

      • Educational Purpose

      • Fashion & Jewelry

      • Objects

      • Dental

      • Food

      • Others
  • Material Outlook (Revenue, USD Million, 2016 - 2027)

    • Polymer

    • Metal

    • Ceramic

  • Global 3D Printing Market by Region
    • North America
    • Europe
    • Asia Pacific
    • Rest of the World

Reasons to Purchase this Report:

Estimates 3D Printing development trends with SWOT analysis

  • Detailed business profiles including product offerings, recent developments, key financial information, and strategies employed by main market players
  • Analysis of various regions and countries that includes the demand and supply based actions, which consequently have a major influence on the market’s expansion
  • Market dynamics scenario, along with growth opportunities for players in the years to come
  • Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the mentioned forecast period
  • Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects