3D Printing Industry Overview
The global 3D printing market size was valued at USD 13.84 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 20.8% from 2022 to 2030.
Globally, 2.2 million units of 3D printers were shipped in 2021 and the shipments are expected to reach 21.5 million units by 2030. The aggressive research development in three-dimensional printing and the growing demand for prototyping applications from various industry verticals, particularly healthcare, automotive, and aerospace and defense, are expected to fuel the growth of the market.
Gather more insights about the market drivers, restrains and growth of the Global 3D Printing Market
The use of 3D printing in industrial applications is usually referred to as additive manufacturing (AM). Additive manufacturing involves a layer-by-layer addition of material to form an object, referring to a three-dimensional file, with the help of software and a 3-dimensional printer. A relevant 3D printing technology is selected from the available set of technologies to implement the process. The last step involves the deployment of this process across different industry verticals based on the necessity.
The deployment includes providing installation services, offering consultation solutions, and customer support, as well as handling aspects related to copyrights, licensing and patenting. 3D printing is benefiting manufacturers in terms of prototyping, designing of the structure and end products, modeling, and time to market. As a result, the production expenses have reduced considerably, and the manufacturers are in a position to offer better products at reasonable prices. As a result of these benefits, the demand for 3D printers is expected to be triggered more in the coming years.
However, the prevailing misconceptions with respect to the prototyping processes held by the small and medium-scale manufacturers are hindering the adoption of additive manufacturing. Companies involved in designing, particularly small-scale and medium-scale enterprises, are deliberating before considering investments in prototyping as accountable investments rather than trying to understand the advantages and benefits of prototyping. The general notion prevailing among these enterprises is that prototyping is merely an expensive phase prior to manufacturing. Such perceptions regarding prototyping, coupled with the lack of technical knowledge and a looming lack of standard process controls, are expected to hinder the market growth.
The outbreak of the COVID-19 pandemic has significantly impacted the overall global economy and subsequently, the 3D printing industry. Initially, Europe and Asia Pacific were some of the worst affected regions in terms of the number of COVID-19 patients across the globe. Further, the situation worsened in the U.S. as well. Due to the rapid spread of the virus, the governments issued an order for the complete lockdown of some key cities. The complete lockdown affected the production of 3D printing manufacturers. This is attributed to the labor shortage and the complete disruption of logistics and supply chain in the nation. The halt in the production of 3D printing had an adverse impact on the overall market growth in the first and second quarters of 2020.
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- Additive Manufacturing Market - The global additive manufacturing market size was valued at USD 13.84 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 20.8% from 2022 to 2030. A total of 2.2 million units of 3D printers were shipped globally in 2021 and the unit shipments are expected to reach 21.5 million units by 2030.
- 3D Imaging Market - The global 3D imaging market size was valued at USD 25.7 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 18.2% from 2022 to 2030. 3D imaging is the procedure of rendering a three-dimensional image to create the optical illusion of depth. Two or more motion cameras are employed to capture a three-dimensional object for these 3D images to be produced.
3D Printing Market Segmentation
Grand View Research has segmented the global 3D printing market based on component, printer type, technology, software, application, vertical, material, and region:
3D Printing Component Outlook (Revenue, USD Million, 2017 - 2030)
- Hardware
- Software
- Services
3D Printing Printer Type Outlook (Revenue, USD Million, 2017 - 2030)
- Desktop 3D Printer
- Industrial 3D Printer
3D Printing Technology Outlook (Revenue, USD Million, 2017 - 2030)
- Stereolithography
- Fuse Deposition Modelling
- Selective Laser Sintering
- Direct Metal Laser Sintering
- Polyjet Printing
- Inkjet printing
- Electron Beam Melting
- Laser Metal Deposition
- Digital Light Processing
- Laminated Object Manufacturing
- Others
3D Printing Software Outlook (Revenue, USD Million, 2017 - 2030)
- Design Software
- Inspection Software
- Printer Software
- Scanning Software
3D Printing Application Outlook (Revenue, USD Million, 2017 - 2030)
- Prototyping
- Tooling
- Functional Parts
3D Printing Vertical Outlook (Revenue, USD Million, 2017 - 2030)
- Industrial 3D Printing
- Desktop 3D Printing
3D Printing Material Outlook (Revenue, USD Million, 2017 - 2030)
- Polymer
- Metal
- Ceramic
3D Printing Regional Outlook (Revenue, USD Million, 2017 - 2030)
- North America
- Europe
- Asia Pacific
- South America
- Middle East Africa
Key Companies profiled:
Some prominent players in the global 3D printing market include
- Stratasys, Ltd.
- Materialise
- EnvisionTec, Inc.
- 3D Systems, Inc.
- GE Additive
- Autodesk Inc.
- Made In Space
- Canon Inc.
- Voxeljet AG
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