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The global 3D printing market reached a value of US$ 13.2 Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 20% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
The 3D printing technology involves a layer-by-layer addition of materials to build patterns, physical models, tooling components and production parts using software and 3D printers. This technology assists in creating high-end 3D objects of any shape and size without the use of molds or machines. As the technology enables producers to build customized products, it is widely employed in industries such as consumer electronics, healthcare, automobiles, aerospace, etc. to provide solutions and services.
3D printing technology is utilized in the automotive industry to manufacture prototypes and various functional parts. It is also employed in the fashion industry to make jewelry and nylon-based clothing designs. Moreover, customized hearing aid shells, braces and tooth implants are produced using 3D printing in the healthcare sector. Nowadays, manufacturers are also investing in research and development activities for the production of prosthetic parts with the help of biological materials such as bone, skin and cartilage. Furthermore, the advent of metal 3D printing technologies like binder jetting has helped in reducing the overall production time and costs. This is anticipated to bolster the applications of 3D printing particularly in the aerospace industry for manufacturing lighter aircraft structures, frames and parts. North America and Europe being early adopters currently represent the largest market for 3D printing. The Asia Pacific region, particularly China, however, is expected to witness large scale adoption of 3-D printing in the manufacturing sector in the coming years.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global 3D printing market, along with forecasts at the global and regional level from 2021-2026. Our report has categorized the market based on technology, process, material, offering, application and end-user.
Breakup by Technology:
Breakup by Process:
Breakup by Material:
Breakup by Offering:
Breakup by Application:
Breakup by End-User:
Breakup by Region:
The report has also analysed the competitive landscape of the market with some of the key players being Stratasys, 3D Systems, Materialise, EOS GmbH, Ge Additive, Exone, Voxeljet, HP, SLM Solutions, Envisiontec, Protolabs, Mcor Technologies, Optomec, Groupe Gorgé, Ultimaker, Renishaw, Beijing Tiertime Technology, Xyzprinting, etc
|Base Year of the Analysis||2020|
|Segment Coverage||Technology, Process, Material, Offering, Application, End-User, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Companies Covered||Stratasys, 3D Systems, Materialise, EOS GmbH, Ge Additive, Exone, Voxeljet, HP, SLM Solutions, Envisiontec, Protolabs, Mcor Technologies, Optomec, Groupe Gorgé, Ultimaker, Renishaw, Beijing Tiertime Technology and Xyzprinting|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 2299
Five User License: US$ 3399
Corporate License: US$ 4499
|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
The global 3D printing market reached a value of US$ 13.2 Billion in 2020.
According to the estimates by IMARC Group, the global 3D printing market is expected to grow at a CAGR of around 20% during 2021-2026
Increasing application of 3D printing across diverse industries based on its numerous advantages, such as high durability, stability, flexibility, and sensitivity, along with lower raw material wastage, is primarily driving the demand for 3D printing across the globe.
The advent of metal 3D printing technology, such as binder jetting, for minimizing the overall manufacturing time and costs, represents one of the key trends in the global 3D printing market.
Sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in limited operations of 3D printers to produce on-demand materials and equipment for numerous critical services, particularly in the healthcare sector.
On the basis of the technology, the market has been bifurcated into stereolithography, fused deposition modeling, selective laser sintering, electron beam melting, digital light processing, and others. Amongst these, stereolithography holds the majority of the total market share.
On the basis of the process, the market has been classified into binder jetting, directed energy deposition, material jetting, powder bed fusion, sheet lamination, and vat photopolymerization. At present, powder bed fusion exhibits a clear dominance in the market.
On the basis of the material, the market has been categorized into photopolymers, plastics, metals and ceramics, and others. Photopolymers currently account for the majority of the total market share.
On the basis of the offering, the market has been segregated into services, printer, material, and software. Amongst these, services currently account for the largest market share.
On the basis of the application, the market has been divided into prototyping, tooling, and functional part manufacturing. At present, prototyping exhibits a clear dominance in the market.
On the basis of the end user, the market has been bifurcated into consumer products, machinery, healthcare, aerospace, automobile, and others. Consumer products currently account for the majority of the total market share.
Region-wise, the market has been classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America, where North America dominates the global market.
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