Global 3D Printing Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
3D Printing Market Overview
3D Printing Market report also offers insightful and detailed information regarding the various key players operating in the global 3D printing market, and their financials, apart from strategies, acquisitions & mergers, and market footprint. The global 3D printing market is segmented on basis of technology, application, industry vertical, and region. The global 3D printing market was valued at US$ XX.X billion in 2016 and is expected to reach US$ XX.X billion over the forecast period at a CAGR of XX.X%.
3D printing is a manufacturing process that creates a solid three-dimensional model from the digital model by layer-by-layer deposition. These layers are made of ceramic, plastic, metals, or polymers. The process follows bottom to top approach to create 3-dimensional solid models.
Increasing spending on research and development, growth in the end-user segment, and ease of manufacturing are major factors driving the growth of the global 3D printing market. Increasing application, especially in the automotive and healthcare sectors, is further spurring demand for the 3D printing market globally. In addition, product features such as reduction in time-to-market, reduction of raw material wastage, innovation, and customization, along with its increasing popularity among hobbyist is expected to drive demand significantly during the forecast period. Adoption of 3D printers by local vendors as well to provide 3D printing, 3D modeling, 3D printing material, and software have created many business opportunities.
High material costs and a lack of a skilled workforce to use and manage this technology are primary factors hampering the growth of the global 3D printing market. Furthermore, the production of large objects and the lack of standard process controls are other factors restricting market growth. Currently, intellectual property and copyright infringement challenges, which should be taken into consideration by key players, are restraining market growth to a certain extent. The current trend observed in the market is the increasing use of 3D printing technology to produce automotive prototypes and dental implants.
North American market holds a major market share in terms of revenue owing to the presence of key market manufacturers, and high demand from healthcare, aerospace, and automotive sector in countries in the region. Europe ranks second in terms of revenue generation. Among other regional markets, the Asia Pacific market is expected to witness rapid growth in terms of revenue during the forecast period owing to government initiatives for the development of the 3D printing industry in countries in the region.
Global 3D Printing Market Segmentation:
Global 3D printing market segmentation by Technology:
- Fused Deposition Modeling (FDM)
- Selective Laser Sintering (SLS)
- Stereolithography (SLA)
Global 3D printing market segmentation by application:
Global 3D printing market segmentation by industrial vertical:
- Military and defense
- Consumer products
Global 3D printing market segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Stratasys Ltd.
- 3D Systems Corporation
- EOS GmbH
- Materialise NV
- SLM Solutions Group AG
- Arcam AB
- Concept Laser GmbH
- The ExOne Company
- Voxeljet AG
- Proto Labs Inc.
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