Global 3D Printing Market, By Offering (Printer, Material, Software and Service), Process (Binder Jetting, Directed Energy Deposition, Material Extrusion, Material Jetting, Powder Bed Fusion, Sheet Lamination and Vat Photopolymerization), Technology (Stereolithography, Fused Deposition Modelling, Selective Laser Sintering, Direct Metal Laser Sintering, Polyjet Printing or Multijet Printing, Inkjet Printing, Electron Beam Melting, Laser Metal Deposition, Digital Light Processing, Laminated Object Manufacturing and Others Technologies), Application (Prototyping, Tooling and Functional Part Manufacturing), Vertical (Automotive, Aerospace and Defense, Healthcare, Consumer Products, Education, Industrial, Energy, Printed Electronics, Jewelry, Food and Culinary and Others), and Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
The 3D printing market is expected to witness market growth at a rate of 26.34% in the forecast period of 2021 to 2028. Data Bridge Market Research Report on the 3D printing market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market's growth. The rise in the demand for prototyping applications from various industry verticals is escalating the growth of the 3D printing market.
3D printing is known to be a computerized procedure in which powder or liquid molecules is fused to create or to print three-dimensional objects on a specific medium. Additive manufacturing is frequently utilized synonymously with 3D printing. 3D printing assists in manufacturing the prototypes and models from 3D CAD.
Major factors that are expected to boost the growth of the 3D printing market in the forecast period are the easiness in the development of customized products and the decrease in the production cost and process downtime. Furthermore, government investments in 3D printing projects is further anticipated to propel the growth of the 3D printing market. Moreover, the advancement of new industrial-grade 3D printing materials is further estimated to cushion the growth of the 3D printing market. On the other hand, the inadequate accessibility and the rise in the price of materials are further projected to impede the growth of the 3D printing market in the timeline period.
In addition, the ability to enhance manufacturing procedures and improve supply chain management will further provide potential opportunities for the growth of the 3D printing market in the coming years. However, confirming the security of the product quality might further challenge the growth of the 3D printing market in the near future.
This 3D printing market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the 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 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.
3D Printing Market Scope and Market Size
The 3D printing market is segmented on the basis of offering, process, technology, application, and vertical. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of offering, the 3D printing market has been segmented into the printer, material, software, and service.
- On the basis of process, the 3D printing market has been segmented into binder jetting, directed energy deposition, material extrusion, material jetting, powder bed fusion, sheet lamination, and vat photopolymerization.
- On the basis of technology, the 3D printing market has been segmented into stereolithography, fused deposition modeling, selective laser sintering, direct metal laser sintering, polyjet printing or multijet printing, inkjet printing, electron beam melting, laser metal deposition, digital light processing, laminated object manufacturing, and other technologies.
- On the basis of application, the 3D printing market has been segmented into prototyping, tooling, and functional part manufacturing.
- On the basis of vertical, the 3D printing market has been segmented into automotive, aerospace and defense, healthcare, consumer products, education, industrial, energy, printed electronics, jewelry, food and culinary, others.
3D Printing Market Country Level Analysis
3D Printing Market market is analyzed, and market size, volume information is provided by country, offering, process, technology, application, and vertical as referenced above.
The countries covered in the 3D printing market report are the 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 the Middle East and Africa (MEA) as a part of the Middle East and Africa (MEA).
North America dominates the 3D printing market due to the rise in the acceptance of additive manufacturing. Furthermore, the major and early adopters of 3D printing technologies in several manufacturing processes will further boost the growth of the 3D printing market in the region during the forecast period. Asia-Pacific is projected to observe a significant amount of growth in the 3D printing market due to developing as a production hub for the automotive and healthcare industries. Moreover, the increase in the need for three-dimensional printing is further anticipated to propel the growth of the 3D printing market in the region in the region in the coming years.
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 their 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 3D Printing Market Share Analysis
The 3D printing market competitive landscape provides details by a 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 the 3D printing market.
The major players covered in the 3D printing market report are 3D Systems, Inc., Netherlands Organization for Applied Scientific Research, NATURAL MACHINES, Choc Edge, Systems & Materials Research Corporation, byFlow B.V., Print2Taste GmbH, Barilla America, Inc., BeeHex, Modern Meadow, Dovetailed, Aniwaa Pte. Ltd., BIOZOON GmbH, Wiiboox, ZMorph, ORD Solutions Inc and PancakeBot LLC among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.