The global 3D printing market reached a value of US$ 13.2 Billion in 2020. 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. Looking forward, IMARC expects the global 3D printing market to exhibit strong growth during the next five years.
Historical, Current and Future Market Trends
Market Breakup by Technology:
Market Breakup by Process:
Market Breakup by Material:
Market Breakup by Offering:
Market Breakup by Application:
Market Breakup by End-user:
Market 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
Key Questions Answered in This Report:
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 exhibit strong growth during the next five years.
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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