Global Industrial 3D Printing Market – Industry Trends and Forecast to 2030

Industrial 3D Printing Market Analysis and Size

The considerable demand for online 3D printing is expected to influence the growth of industrial 3D printing market over the forecast period of 2023 to 2030. Also the ease in development of customized products and rise in the demand for 3D printing software to produce industry-grade parts are also anticipated to flourish the growth of the industrial 3D printing market. Furthermore, the rise in the focus on high-volume production using 3D printing and high investments in 3D printing by start-up companies are also likely to positively impact the growth of the market. Moreover, the high spending on R&D and rise in the authoritarian support from the government are also expected create a huge demand for industrial 3D printing as well as lifting the growth of the industrial 3D printing market.

Data Bridge Market Research analyses that the global industrial 3D printing market which was USD 2.57 billion in 2022, is expected to reach USD 12.43 billion by 2030, and is expected to undergo a CAGR of 18.6% during the forecast period of 2023 to 2030. “Printers’ is dominating the offering segment due to high adoption of 3D printing in industries such as automotive and aerospace.

In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Report Scope and Market Segmentation

Market Definition

The industrial 3D printing is usually used for creating architectural models for machinery, tooling and repairing heavy equipment and robotics in the industries. The 3D printing technology empowers the various end users industries such as electrical, aerospace and defense, food and beverage, jewelry and healthcare to scale model rapidly and economically.

Industrial 3D Printing Market Dynamics

Driver

• The considerable demand for online 3D printing

Industrial 3D printing market is projected to witness a significant expansion in the coming years, due to the rising demand for online 3D printing services. Online 3D printing platforms offer various advantages, such as convenience, customization, and cost-effectiveness, to the customers. Moreover, this also enables faster delivery, reduced waste, and enhanced quality of the products. Therefore, the increasing adoption of online 3D printing is expected to boost the growth of industrial 3D printing market in the near future.

Opportunity

• Introduction of digital or smart manufacturing

Industrial 3D printing, also known as additive manufacturing, is a process of creating three-dimensional objects from digital models by depositing successive layers of material. This technology has been widely adopted in various sectors, such as aerospace, automotive, medical, and consumer goods, for producing complex and customized parts. The introduction of digital or smart manufacturing is expected to influence the growth of industrial 3D printing market, as it enables the integration of 3D printing with other technologies, such as artificial intelligence, cloud computing, and robotics. Digital or smart manufacturing can enhance the efficiency, quality, and flexibility of 3D printing processes, as well as reduce the costs and environmental impacts.

Restraint/Challenge

• High cost associated with 3D printing

One of the main challenges that industrial 3D printing faces is the high cost involved in the process. The materials, equipment, and maintenance required for 3D printing are often expensive and can limit the adoption of this technology in various industries. Therefore, reducing the cost of 3D printing is the only way to tackle this challenge.

This industrial 3D printing market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the global industrial 3D printing market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Recent Development

• In June 2023, Stratasys announced its investment in the U.K. additive manufacturing market with a new logistics facility that will enable faster delivery of 3D printers, materials and services. Based in Abingdon, Oxfordshire, the new 120,000 ft2 warehousing hub aims to expand the 3D printing pioneer's reach to U.K. customers with the benefit of customs-free trading

Global Industrial 3D Printing Market Scope

Industrial 3D printing market is segmented on the basis of offering, technology, process, application and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Offering

• Printers
• Materials
• Software
• Services

Technology

• Stereolithography
• Fused Deposition Modelling
• Selective Laser Sintering
• Direct Metal Laser Sintering
• Polyjet Printing
• Inkjet Printing
• Electron Beam Melting
• Laser Metal Deposition
• Digital Light Projection
• Laminated Object Manufacturing
• Others

Process

• Binder Jetting
• Direct Energy Deposition (DED)
• Material Extrusion
• Material Jetting
• Powder Bed Fusion
• Sheet Lamination
• Vat Photopolymerization
• Others

Application

• Prototyping
• Manufacturing

End User

• Automotive
• Aerospace and Defense
• Food and Culinary
• Printed Electronics
• Foundry and Forging
• Healthcare
• Jewelry
• Oil and Gas
• Consumer Goods
• Others

Global Industrial 3D Printing Market Regional Analysis/Insights

Industrial 3D printing market is analyzed and market size, volume information is provided by country, offering, technology, process, application and end user as referenced above.

The countries covered in the industrial 3D printing market report are U.S., Canada and Mexico in North America, Brazil, Argentina and rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, rest of Asia-Pacific (APAC)  in the Asia-Pacific (APAC), Saudi Arabia, U.A.E., South Africa, Egypt, Israel, rest of Middle East and Africa (MEA)as a part of Middle East and Africa (MEA).

North America is expected to dominate the industrial 3D printing market due to the rapid technological development. Asia-Pacific is expected to expand at a significant growth rate of over the forecast period of 2021 to 2028 due to the increase in spending by the government on the expansion of industrial 3D printing technology and the rise in the sale of professional printers.

The country section of the report also provides individual market-impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points like downstream and upstream value chain analysis, technical trends, and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and the challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Global Industrial 3D Printing Market Share Analysis

Industrial 3D printing market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to industrial 3D printing market.

Some of the major players operating in the industrial 3D printing market are:

• Stratasys, Ltd. (U.S.)
• 3D Systems, Inc. (U.S.)
• Materialise (Belgium)
• EOS (Germany)
• GE Additive (U.S.)
• ExOne (U.S.)
• voxeljet AG (Germany)
• SLM Solutions (Germany)
• ENVISIONTEC, INC. (U.S.)
• HP Development Company, L.P. (U.S.)
• Optomec, Inc. (U.S.)
• Renishaw plc (U.K.)
• Höganäs AB (Sweden)
• DSM (Netherlands)
• Proto Labs (U.S.)
• Sculpteo (France)
• Tiertime (China)
• Evolve Additive Solutions (U.S.)
• Sisma SpA (Italy)
• Desktop Metal, Inc. (U.S.)

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