As per the analysis report conducted by GMI Research, the 3d printing market is estimated over USD 12000 million in 2019 and is anticipated to grow at a compound annual growth rate (CAGR) of 21.22% over the forecast period (2020-2027).

3D printing refers to the construction of a three-dimensional object using a CAD model or digital 3D model. In the process, physical objects are drawn from a three-dimensional digital model by adding layers of materials. The 3D printing technology is used to create everything ranging from a simple part to highly technical final products such as airplane parts, life-saving medical implants, and other types of products.

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The decreasing manufacturing cost and process downtime, ease in the development of customized products, and the rising investment by the government in various 3D printing projects are the significant factors that are surging the growth of the 3D printing market in the next six years. The fundamental shift in the trend from prototyping to functional part manufacturing in various industry verticals, such as medical, aerospace, automotive, and consumer goods, is further energizing the demand of the market. In addition to this, the increasing number of R&D activities related to 3D printing is creating numerous growth opportunities for the market.

3D printing technology has enabled manufacturers to deliver customized products as per the consumer’s needs with better accuracy and well-defined smoothness. Furthermore, this technology is being widely used for product design and provides various benefits such as risk reduction and real-time perspective. All these factors are propelling the growth of the market. On the other edge, the prevailing misconception with respect to the prototyping processes held by the small and medium-scale manufacturers is likely to restrain the market’s growth.

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Based on the technology, the direct metal laser sintering segment is expected to grow at a higher CAGR during the forecast period owing to the rising application of this technology, such as for tooling and manufacturing of fixtures and jigs. The direct metal laser sintering enables the creation of high-quality metal parts due to its ability to facilitate the construction of complex geometries of metals. The DMLS is widely used for the manufacturing of complex structures, including aerospace and automotive for tooling and machinery parts. The cost-efficient production, quick and easy handling process, and the detailed resolution are the significant factors that are driving the growth of the segment.

On the basis of the application, the prototyping segment is projected to witness a higher CAGR over the next six years. The accelerating demand for the prototyping application in various industries is the major driver that is surging the demand of the segment. The 3D printing produces prototypes from 3D computer-aided designs, which helps the organization to reduce the wastages and decrease the operational costs. It also allows quick production of cost-efficient prototypes based on the customer’s requirements.

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On the basis of the region, the North American region is predicted to be the fastest growing region during the forecast period. The growing investments in the R&D activities to broaden the application areas of the 3D printing in numerous sectors including academics, automotive, healthcare, consumer products, jewelry, aerospace & defense, and energy sector, is the major factor that is boosting the market’s demand in this region. In contrast, the Asia-Pacific region is expected to dominate the market during the forecast period owing to the high adoption of the additive manufacturing as a result of the developments and upgradation in the manufacturing industry. Additionally, the rising production of consumer electronics and rapid urbanization is also strengthening the growth of the market.

Various notable players operating in the market include EOS GmbH, GE Additive, SLM Solutions, Envisiontec, Exone, Stratasys, 3D Systems, Voxeljet, HP, Protolabs, and Mcor Technologies, among others.

 Key Developments: 

• • In 2020, SLM solutions entered into a partnership with Honeywell International Co., to develop new parameter sets for the 3D printed aluminum alloy with a high layer of thicknesses. Through this partnership, the companies aim to apply this material for the production of different components in the aerospace industry.
  • In 2020, Protolabs launched the new 3D printed cobalt chrome for the aerospace sector. The cobalt chrome is popular for its high strength to weight ratio and is one of the toughest materials known and takes any shape according to the product.
  • In 2020, Sintavia successfully acquired GE Additive’s Additional Arcam Q20+ printer. The Q20+ printer is used in aerospace manufacturing and several aerostructure product lines.

The global 3D Printing market has been segmented on the basis of Offering, Process, Application, Vertical, Technology and key regions. Based on Offering, the market is segmented into Printer, Material, Software and Service. Based on Process, the market is segmented into Binder Jetting, Direct Energy Deposition, Material Extrusion, Material Jetting and Powder Bed Fusion. Based on Application, the market is segmented into Prototyping, Functional Part Manufacturing and Tooling. Based on Vertical, the market is segmented into Aerospace & Defense, Engineering, Healthcare, Consumer Products, Automotive, Jewelry, Education, Energy, Architecture and Construction, Printed Electronics and Food and Culinary. Based on technology, the market is segmented into Stereolithography (SLA), Fused Deposition Modeling (FDM), Selective Laser Sintering (SLS), Direct Metal Laser Sintering (DMLS), PolyJet/MultiJet Printing (MJP), Inkjet Printing, Electron Beam Melting (EBM), Laser Metal Deposition (LMD), Direct Light Projection (DLP), Laminated Object Manufacturing (LOM) and Others.

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Key questions answered in this research report:

• • At what pace is global 3D Printing market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in 3D Printing market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global 3D Printing market?
  • Which Offering generated maximum revenues in 2019 and identify the most promising Offering during the forecast period?
  • What are the various Process areas of global 3D Printing market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2019
Market Forecast Period	2020-2027
Market Revenues Currency	USD Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Offering, By Process, By Application, By Vertical, By Technology, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	EOS GmbH, GE Additive, SLM Solutions, Envisiontec, Exone, Stratasys, 3D Systems, Voxeljet, HP, Protolabs, and Mcor Technologies, among others; a total of 11 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global 3D Printing Market by Offering

• • Printer
    • Desktop
    • Industrial
  • Material
    • Plastic
      • Thermoplastics
        • Acrylonitrile Butadiene Styrene (Abs)
        • Polylactic Acid (Pla)
        • Nylon
        • Polypropylene
        • Polycarbonate
        • Polyvinyl Alcohol (Pva)
        • Others
      • Photopolymers
    • Metals
      • Steel
      • Aluminum
      • Titanium
      • Silver
      • Gold
      • Others
    • Ceramics
      • Glass
      • Silica
      • Quartz
      • Others
    • Others
  • Software
    • Design
    • Inspection
    • Printing
    • Scanning
  • Service

Global 3D Printing Market by Process

• • Powder Bed Fusion
  • Material Extrusion
  • Vat Photopolymerization
  • Material Jetting
  • Binder Jetting
  • Directed Energy Deposition
  • Sheet Lamination

Global 3D Printing Market by Application

• • Prototyping
  • Functional Part Manufacturing
  • Tooling

Global 3D Printing Market by Vertical

• • Aerospace & Defense
  • Engineering
  • Healthcare
  • Consumer Products
  • Automotive
  • Jewelry
  • Education
  • Energy
  • Architecture and Construction
  • Printed Electronics
  • Food and Culinary

Global 3D Printing Market by Technology

• • Stereolithography (SLA)
  • Fused Deposition Modeling (FDM)
  • Selective Laser Sintering (SLS)
  • Direct Metal Laser Sintering (DMLS)
  • PolyJet/MultiJet Printing (MJP)
  • Inkjet Printing
  • Electron Beam Melting (EBM)
  • Laser Metal Deposition (LMD)
  • Direct Light Projection (DLP)
  • Laminated Object Manufacturing (LOM)
  • Others

Global 3D Printing Market by Region

• • North America 3D Printing Market (Option 1: As a part of the free 25% customization)
    • North America Market by Offering
    • North America Market by Process
    • North America Market by Application
    • North America Market by Vertical
    • North America Market by Technology
    • US Market All-Up
    • Canada Market All-Up
  • Europe 3D Printing Market (Option 2: As a part of the free 25% customization)
    • Europe Market by Offering
    • Europe Market by Process
    • Europe Market by Application
    • Europe Market by Vertical
    • Europe Market by Technology
    • UK Market All-Up
    • Germany All-Up Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific 3D Printing Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Market by Offering
    • Asia-Pacific Market by Process
    • Asia-Pacific Market by Application
    • Asia-Pacific Market by Vertical
    • Asia-Pacific Market by Technology
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up
  • RoW 3D Printing Market (Option 4: As a part of the free 25% customization)
    • RoW Market by Offering
    • RoW Market by Process
    • RoW Market by Application
    • RoW Market by Vertical
    • RoW Market by Technology
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating the 3D Printing (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • EOS GmbH
  • GE Additive
  • SLM Solutions
  • Envisiontec
  • Exone
  • Stratasys
  • 3D Systems
  • Voxeljet
  • HP
  • Protolabs
  • Mcor Technologies