3D Printing Market 2018-2023 Trends and Opportunities With Key Players - 3D Systems Corporation, Stratasys, ExOne (The ExOne Company), voxeljet AG, Arcam AB, SLM Solutions Group AG and Autodesk

Global 3D printing market is expected to reach $31,863.7 million by 2023 and is forecasted to witness a CAGR of 24.6% during the forecast period. Some of the major factors positively impacting the growth of the market are ease in development of customized products, slashed manufacturing cost and rising government investments in 3D printing projects.

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The key benefits associated with 3D printing, such as cost efficiency, single-step manufacturing process, and the ease of developing customized products, are expected to increase the adoption of 3D printing technology, globally, in the coming years.

Based on application, 3D printing market is categorized into prototyping, product development, innovation, efficiency increment, cost reduction, supply chain improvement and others, where “others” include product line expansion, new revenue sources generation, customized product development, and customer experience transformation. Of them, prototyping held the largest revenue share of nearly 24% in 3D printing market, as industries like aerospace and defense as well as automotive adopted 3D printing for developing prototypes.

During the forecast period, the 3D printing market is expected to grow fastest in APAC, exhibiting a 27.8% CAGR. Government initiatives and investments in research and development to innovate methods and applications of 3D printing are the major factors supporting the growth of the 3D printing market in APAC.

Some of the major companies operating in the global 3D printing market are 3D Systems Corporation, Stratasys Ltd., ExOne, Voxeljet AG, Arcam AB, SLM Solutions GmbH, EOS GmbH, Envision TEC GmbH, Materialise NV, Concept Laser GmbH, Autodesk Inc. and Koninklijke DSM N.V.

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Global 3D Printing Market Segmentation -
Market Segmentation by Component
• Printer
o Industrial Printer
o Desktop 3D Printer
• Material
o By Type
 Metals
 Titanium
 Steel
 Aluminum
 Silver
 Gold
 Others (Inconel, Cobalt Chrome, Copper & Bronze and Iron)
 Polymers
 Photopolymers
 Thermoplastics
 Acrylonitrile Butadiene Styrene
 Polylactic Acid (PLA)
 Nylon
 Others (Polypropylene, Polycarbonate, Carbon Fiber, Polyethylene Terephthalate (PETT), and Polyvinyl Alcohol)
 Ceramics
 Silica
 Quartz
 Glass
 Others (Feldspar, Pottery Stone, and Talc)
 Others (Wax, Lay wood, Paper, and Biocompatible Material)
o By Form
 Filament
 Powder
 Liquid
• Software
o Design Software
o Printer Software
o Scanning Software
o Inspection Software
• Service
o Custom Design & Manufacturing
o After-Sales Services
 Service
 Obsolete Parts
 Maintenance

Market Segmentation by Process
• Powder Bed Fusion
• Binder Jetting
• Direct Energy Deposition
• Sheet Lamination
• Vat Photopolymerization
• Material Extrusion
• Material Jetting

Market Segmentation by Technology
• Stereolithography
• Fuse Deposition Modelling (FDM)
• Selective Laser Sintering (SLS)
• Laminated Object Manufacturing
• Digital Light Processing (DLLP)
• Polyjet Printing
• Inkjet Printing
• Direct Metal Laser Sintering (DMLS)
• Electron Beam Melting (EBM)
• Laser Metal Deposition (LMD)

Market Segmentation by Application
• Prototyping
• Product Development
• Innovation
• Efficiency Increment
• Cost reduction
• Supply Chain Improvement
• Others (Product Line Expansion, New Revenue Sources Generation, Customized Product Development, and Customer Experience Transformation)

Market Segmentation by Industry
• Aerospace & Defense
• Healthcare
• Automotive
• Gems and Jewelry
• Industrial
• Architecture & Construction
• Energy
• Others (Consumer Products, Education, Printed Electronics, Food and Culinary)

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