3D printing market was valued at USD 12,000 million in 2019 and is forecast to expand at a CAGR of 21.2% over the forecast period (2020-2027).

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Key Drivers and Emerging Trends

Increasing adoption of automotive 3D printing technology to produce complicated parts of vehicles, owing to their remarkable advantages including reduced capital investments and better performance,6 stands to be one of the major factors fueling the 3D printing market share. Rapid urbanization, improving economies, and low cost of raw materials, are other factors projected to expand the market growth over the upcoming years. In addition, the emerging need to develop cost-effective and efficient technology for the production of quality and complex products in the automotive industry will augment the market growth. Furthermore, it helps producers to incorporate parts for integrated functionality which will enhance the performance and durability of the product in a cost-effective manner. Moreover, the reduction in the price of the 3D printers, emerging trend of personalized automotive parts, increasing technological advancement, and strategic government initiatives have propelled the market growth. However, the misconception among small and medium-sized producers pertaining the prototyping process, intellectual property concern, and the lac of trained professionals might impede the 3D Printing Market Size.

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Technology – Segment Analysis

Direct metal laser sintering technology is anticipated to witness a faster CAGR over the forecast period, owing to the compatibility of technology with other materials which include titanium, alloy, bronze, and steel. The growing use of Direct metal laser sintering technology to produce complicated structures such as machinery parts for aerospace and automotive industry because of the ability to simplify the construction of complicated geometries of metals in a faster and easier way, will bolster the market growth.

Application – Segment Analysis

Prototyping segment is projected to expand at a faster CAGR over the forecast period, because the technology allows high-speed production of prototypes with a fewer resource. The growing adoption of prototyping application across various end-use industries and high-speed production of cost-efficient prototypes depending upon the customer’s requirements are projected to expand the segment’s growth.

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Regional – Segment Analysis:

North American region is estimated to hold the largest share during the forecast period, owing to the growing adoption of 3D printing technology across jewelry, aerospace & defense, automotive, and healthcare industries. Increasing investment in research and development and the strong presence of leading players which include Ponoka Limited, Envision Tec, Exone Inc., Local Motors will further expand the market size. Moreover, expansion of automotive industry and the existence of well-organized logistics management industry will expand the regional growth.
Asia-Pacific region is forecast to witness a faster CAGR over the forecast period, owing to the availability of low-cost raw materials and labour. Rapid urbanization, rising income level, and increasing production of consumer electronics will further expand the regional growth.

Top Market Players

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 2021, Stratasys introduced a 3D printer that allows dental labs 3D printing efficiency and company’s polyJet realism and precision technology. The J5 DentaJet 3D printer is a multi-material dental 3D printer that helps technicians to load mixed trays of dental parts.
  • In 2021, Renishaw entered into a partnership with Domin, to introduce a high-performance servo valve. The partnership helped Domin expand its productivity and reduc cost per part by using Renishaw’s RenAM 500Q, a four-laser AM system that is designed for serial production applications.
  • 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.

Segments covered in the Report:

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)
    • By Offering
    • By Process
    • By Application
    • By Vertical
    • By Technology
    • US Market All-Up
    • Canada Market All-Up
  • Europe 3D Printing Market (Option 2: As a part of the free 25% customization)
    • By Offering
    • By Process
    • By Application
    • By Vertical
    • 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)
    • By Offering
    • By Process
    • By Application
    • By Vertical
    • 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)
    • By Offering
    • By Process
    • By Application
    • By Vertical
    • 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