As per the GMI Research forecasts, the global 3D Printing industry was estimated to be USD 12,000 Million in 2019 and is predicted to grow at a CAGR of 22.2% during the forecast period (2020-2027).
The significant fall in the manufacturing cost and process downtime, followed by the development of customized products, are the major factors that are responsible for the growth of the market. Moreover, the increasing investment by the government in numerous 3D printing projects is further driving the growth of the 3D printing market share in terms of revenue. There has been a swift shift in the trend from prototyping to functional part manufacturing in several industry verticals, which include aerospace, automotive, medical, and consumer goods, which is one of the 3D printing market trends that is opening new doors for the growth of the market. 3D printing technology has allowed the players in the market to deliver customized products according to the changing demand of the end-users. This technology offers remarkable benefits such as reduces risk and provides real-time perspective. This combination of these factors is further surging the growth of the market during the forecast period. As per the 3D printing market analysis, the prevailing misconception with respect to the prototyping processes, especially among the SME manufacturers, is one of the major factor that is likely to hamper the growth of the 3D printing market size.
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On the basis of technology, the direct metal laser sintering segment is predicted to witness a faster CAGR during the forecast period. The increasing usage of this technology for the manufacturing and tooling of fixtures and jigs is a key driver that is boosting the segment’s growth. This technology allows the creation of high-quality metal parts as it facilitates the construction of complex geometries of metals. The DMLS is increasingly used for the manufacturing of complex structures, such as aerospace and automotive for tooling and machinery parts. The quick and easy handling process, cost-efficient production, and detailed resolution are encouraging the end-users to opt for this type of technology.
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Based on the application, the prototyping segment is anticipated to grow at a higher CAGR over the forecast period. This is attributed to the strong demand for prototyping applications in various sectors. 3D printing gives prototypes from 3D computer-aided designs, which not only allows the companies to decrease the wastages but also reduces the operational costs. The 3D printing market overview states that the technology enables quick production of cost-efficient prototypes based on the customer’s needs.
Based on the region, the North American region is expected to dominate the market over the forecast period. The rising investments on the R&D activities to increase its application areas in industries such as jewelry, academics, healthcare, automotive, consumer products, aerospace & defense, and energy sectors, is a major factor that is surging the regional 3D printing market growth. On the other hand, the Asia-Pacific region is projected to grow at a higher CAGR over the forecast period due to the increasing adoption of additive manufacturing driven by continuous developments in the manufacturing sector. As per the 3D printing market research, the Asian market is also driven by the increasing production of consumer electronics along with the rapid urbanization in developing economies such as China and India.
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Various notable players operating in the market include SLM Solutions, Envisiontec, 3D Systems, Voxeljet, HP, EOS GmbH, GE Additive, Exone, Stratasys, Protolabs, and Mcor Technologies, among others.
The global 3D Printing market has been segmented on the basis of offering, process, application, vertical, technology, and 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.
3D PRINTING 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
- United States 3D Printing Market
- Canada 3D Printing Market
- 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 3D Printing Market
- Germany 3D Printing Market
- France 3D Printing Market
- Spain 3D Printing Market
- Rest of Europe 3D Printing Market
- Asia-Pacific America 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 3D Printing Market
- India 3D Printing Market
- Japan 3D Printing Market
- Rest of APAC 3D Printing Market
- RoW America 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 3D Printing Market
- South Africa 3D Printing Market
- Saudi Arabia 3D Printing Market
- UAE 3D Printing Market
- Rest of world (remaining countries of the LAMEA region) 3D Printing Market
Major Players Operating in the 3D Printing Market (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
About GMI Research
GMI Research is a market research and consulting company that provides syndicated research reports, consulting services, and customized market research reports. Our reports are based on market intelligence studies to ensure relevant and fact-based research across numerous sectors, including healthcare, automotive, information technology & communication, FMCG, and other industries. GMI Research’s deep understanding related to the business environment helps us in generating objective strategic insights. Our research teams consisting of seasoned analysts and researchers have hands-on experience in various regions, including Asia-pacific, Europe, North America, and the Rest of the World. The market research report offers in-depth analysis, which contains refined forecasts, a bird’s eye view of the competitive landscape, factors impacting the market growth, and several other market insights to aid companies in making strategic decisions. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to help our clients to stay ahead of the curve.
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