3D Printing Market Competitive Insights and Precise Outlook 2021-2030

The Global 3D Printing Market size valued to USD 12.96 billion in 2019; is expected a hike of USD 107.52 billion by 2030, witnessing a CAGR of 21.2% from 2020-2030.

3D printing is an additive manufacturing technique that builds a three-dimensional object from Computer Aided Design model, by adding layers of the preferred material; shaping them into accurate shapes with precise geometries, in-order to obtain perfectly finished three-dimensional products. Materials used in the manufacturing process include various types of polymers, ceramics, vivid varieties of metals, silicon, and many more.

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Competitive Landscape

The highly competitive 3D printing market engrosses various market players. Some of the major market players are Arcam AB, 3D Systems, Stratasys Ltd, Autodesk, Inc., Hoganas AB, The ExOne Company, Organovo Holdings, Inc., Optomec, Inc., Voxeljet AG and Ponoko Limited among others.

The past endeavors and futuristic advancements, sum-up to comprehend the overall market growth. The 3D market size is growing vehemently from the past few years.

For instance, in October 2019, one of the key players of the global 3D printing market, 3D Systems and Antleron announced a collaboration, with an objective to play a pivotal role in advancing and accelerating breakthroughs in the biomedical industry. Where, Antleron is a renowned healthcare expertise for leadership and innovation in the development of regenerative products and personalized patient care. The major industry players – 3D Systems and Antleron, collaborated to support Antleron’s development of bioprinting solutions utilizing 3D Systems’ printing technologies.

The Massachusetts 3D printing Unicorn Formlabs has continued its crusade into the dental industry, by announcing a partnership with BEGO company, a German manufacturer of prosthodontics and dental implants, in February 2020. This partnership leads to instant 3D printed crowns for patients, reduced production costs, faster turnaround time, and improved patient care. The material design shall benefit the patients with less discoloration of crowns, lower aging rates, lower plaque accumulation, and higher comfort because of minimal temperature sensitivity. Through this collaboration, the two companies intend to bring both temporary and permanent 3D printed crowns and bridges to the dental market.

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Market Segmentations and Scope of the Study:

The global 3D printing market share has been analyzed based on component, technology, end user and geography.

Based on component, the market is fragmented into Software, Services and Hardware. Based on technology, the market is divided into SLA, FDM, SLS, EBM, DLP, and Others. Based on end user, the market is divided into Automotive, Healthcare, Industrial, Consumer electronics, Aerospace & defense, and others. Geographic breakdown and analysis of each of the previously mentioned segments include regions comprising North America, Europe, Asia-Pacific, and RoW.

Geographical Analysis

Currently, North America holds the major market share owing to its advanced technology and advanced infrastructure. Besides, increased demand of customized products with high disposable income shall definitely support the growth of 3D printing market.

The emerging economies, specifically the Asia Pacific region shall witness a significant growth in 3D printing market size, with gradual increase in market share owing to its wide application in various industry verticals. Benefits like high efficiency, time-saving, cost-saving and reduced errors shall considerably augment the market growth in the upcoming years.

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