openPR Logo
Press release

3D Printing Market value is set to hit by USD 87.2 Billion from 2021 to 2030

03-24-2023 01:03 PM CET | IT, New Media & Software

Press release from: Acumen Research and Consulting

3D Printing Market value is set to hit by USD 87.2 Billion from 2021

Global 3D Printing Market Size in 2021 was USD 17.0 Billion, Market Value set to touch USD 87.2 Billion at 20.1% CAGR by 2030

3D Printing Market Overview

The 3D printing market has been rapidly growing in recent years, owing to its ability to revolutionize the manufacturing industry. 3D printing, also known as additive manufacturing, is a process of creating physical objects from digital models by adding successive layers of material. This technology enables the creation of complex and intricate shapes that cannot be achieved through traditional manufacturing methods. The market has found applications in various industries such as healthcare, aerospace, automotive, and architecture, among others. The benefits of 3D printing, such as reduced costs and time in production, increased customization, and improved accuracy, have driven its adoption across different sectors. The market is expected to witness significant growth in the coming years, driven by advancements in technology and increasing demand for 3D printed products.

Download Sample Report Copy Of This Report From Here: https://www.acumenresearchandconsulting.com/request-sample/1611

3D Printing Market Research Report Highlights and Statistics

● The global 3D Printing market size in the year 2021 stood at USD 17.0 Billion and is set to touch USD 87.2 Billion by 2030, rising at a CAGR of 20.1%
● 3D Printing market growth can be attributed to the increasing adoption of 3D printing in various industries, such as aerospace and defense, automotive, healthcare, and architecture and construction.
● The market is also driven by the increasing demand for 3D printing in prototyping and the production of complex parts and components.
● North America is expected to hold the largest share of the 3D printing market, while the Asia Pacific region is expected to witness the highest growth during the forecast period.

Trends in the 3D Printing Market

● 3D Printing in Construction: The construction industry is exploring the use of 3D printing to create complex architectural designs, reduce construction time, and minimize waste.
● 3D Printed Human Organs: With advancements in bioprinting technology, 3D printing can be used to create human organs for medical purposes such as transplant surgeries.
● Sustainable 3D Printing Materials: The 3D printing industry is moving towards using sustainable materials such as bioplastics and recycled materials to reduce the environmental impact of the technology.
● Collaborative 3D Printing: Collaborative 3D printing enables multiple users to work on a single project simultaneously, reducing design time and improving productivity.
● 3D Printing in the Food Industry: 3D printing is being explored in the food industry for customized food designs, and to create unique shapes and textures.
● Large-Scale 3D Printing: The ability to 3D print large-scale objects is expanding the applications of the technology in industries such as automotive and aerospace.
● 3D Printing in Jewelry Design: Jewelry designers are utilizing 3D printing technology to create unique and intricate designs.

3D Printing Market Dynamics

● Education: Educational institutions are incorporating 3D printing into their curriculums to teach students about design, engineering, and manufacturing.
● Film Industry: The film industry is using 3D printing technology to create detailed props and special effects.
● 3D Printed Prosthetics: 3D printing can be used to create affordable and customizable prosthetics for people with disabilities.
● 3D Printed Clothing: The fashion industry is exploring the use of 3D printing to create customized and unique clothing designs.
● 3D Printed Cars: 3D printing technology can be used in the automotive industry to create lightweight and durable car parts.
● Space Exploration: 3D printing can be used in space exploration to create tools and spare parts for astronauts.
● Disaster Relief: 3D printing technology can be used in disaster relief efforts to quickly create necessary items such as medical equipment and housing.
● Art: Artists are incorporating 3D printing into their artwork to create intricate and detailed sculptures and installations.

Growth Hampering Factors in the market for 3D Printing

● High Cost of 3D Printers: 3D printers can be expensive, especially high-end industrial ones, which can cost tens of thousands of dollars. This can be a barrier to entry for small businesses and individuals who want to use the technology.
● Limited Material Availability: Currently, the material range that can be used in 3D printing is limited. This limits the range of applications for the technology and can make it difficult to produce certain types of products.
● Quality Issues: 3D printing still has some quality issues, especially with fine details and surface finish. This can make it difficult to produce high-quality products and can limit the technology's ability to replace traditional manufacturing methods.
● Intellectual Property Concerns: 3D printing can make it easier to produce counterfeit products and infringe on intellectual property rights. This is a concern for many companies and could limit the growth of the 3D printing market.
● Lack of Standardization: There is currently a lack of standardization in the 3D printing industry, which can make it difficult for companies to integrate the technology into their existing manufacturing processes.
● Slow Adoption by Industry: Despite its potential benefits, many industries have been slow to adopt 3D printing. This can be due to a lack of understanding of the technology, a lack of investment, or a lack of trust in the technology's ability to produce high-quality products.

Market Segmentation

● By Component
○ Services
○ Software
○ Hardware

● By Type of Printer
○ Industrial 3D Printer
○ Desktop 3D Printer

● By Technology
○ Fuse Deposition Modeling
○ Stereolithography
○ Direct Metal Laser Sintering
○ Selective Laser Sintering
○ Inkjet Printing
○ Polyjet Printing
○ Laser Metal Deposition
○ Electron Beam Melting
○ Laminated Object Manufacturing
○ Digital Light Processing
○ Others

● By Material
○ Ceramic
○ Metal
○ Polymer

● By Applications
○ Functional Parts
○ Tooling
○ Prototyping

● By Verticals
○ Industrial 3D Printing
■ Aerospace and Defense
■ Automotive
■ Consumer Electronics
■ Healthcare
■ Power and Energy
■ Industrial
■ Other
○ Desktop 3D Printing
■ Food
■ Dental
■ Objects
■ Fashion and Jewelry
■ Educational Purpose
■ Other

3D Printing Market Key Players

Stratasys Ltd., 3D Systems Corporation, EOS GmbH, Materialise NV, GE Additive, HP Inc., ExOne Co., voxeljet AG, SLM Solutions Group AG, Ultimaker BV, Renishaw plc, EnvisionTEC GmbH, Arcam AB, Concept Laser GmbH, Prodways Group, XYZprinting Inc., Markforged Inc., Formlabs Inc., BigRep GmbH and Carbon Inc.

3D Printing Market Overview by Region

● North America's 3D Printing market share is the highest globally. North America is currently the largest market for 3D printing, owing to the presence of major players in the region, such as Stratasys Ltd. and 3D Systems Corporation. The region is also witnessing high demand for 3D printing in aerospace and healthcare industries.
● The Asia-Pacific region's 3D Printing Market share is also huge and is growing at the fastest rate, due to the increasing demand for 3D printing technology in various industries such as automotive, aerospace, and healthcare. Additionally, the region's developing countries such as China and India are witnessing high adoption rates of 3D printing technology in their manufacturing industries.
● Europe is another key market for 3D Printing, with the automotive and aerospace industries being the major contributors to the market's growth. Moreover, the region has seen an increase in the adoption of 3D printing technology in the dental and orthopedic industries.
● The South American and MEA regions have a nascent but developing 3D Printing market share. In Latin America, Brazil is the major contributor to the market's growth, while in the Middle East and Africa, the market is primarily driven by the demand from the automotive and healthcare industries.

Get TOC's From Here@ https://www.acumenresearchandconsulting.com/table-of-content/3d-printing-market

Ask Query Here: Richard@acumenresearchandconsulting.com or sales@acumenresearchandconsulting.com

To Purchase this Premium Report@ https://www.acumenresearchandconsulting.com/buy-now/0/1611

201, Vaidehi-Saaket, Baner - Pashan Link Rd, Pashan, Pune, Maharashtra 411021

Acumen Research and Consulting (ARC) is a global provider of market intelligence and consulting services to information technology, investment, telecommunication, manufacturing, and consumer technology markets. ARC helps investment communities, IT professionals, and business executives to make fact based decisions on technology purchases and develop firm growth strategies to sustain market competition. With the team size of 100+ Analysts and collective industry experience of more than 200 years, Acumen Research and Consulting assures to deliver a combination of industry knowledge along with global and country level expertise.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release 3D Printing Market value is set to hit by USD 87.2 Billion from 2021 to 2030 here

News-ID: 2988510 • Views:

More Releases from Acumen Research and Consulting

Chemical Accelerator Market Size, Share, Growth, and Forecast 2023-2032
Chemical Accelerator Market Size, Share, Growth, and Forecast 2023-2032
In the dynamic landscape of chemical processing, accelerators play a pivotal role in enhancing the pace and efficiency of reactions. The chemical accelerator market is witnessing an upward surge driven by advancements in manufacturing processes, rising demand from end-use industries, and increasing focus on sustainable solutions. This article delves into the competitive landscape, growth prospects, market drivers, and constraints shaping the trajectory of the chemical accelerator market. Download Free Chemical Accelerator
Turpentine Oil Market Size, Share, Growth Forecast 2023-2032
Turpentine Oil Market Size, Share, Growth Forecast 2023-2032
In the realm of industrial chemicals, Turpentine Oil stands out as a versatile compound with a plethora of applications. Derived from various pine trees, this volatile oil holds a significant position across multiple industries. Its market landscape is dynamic, influenced by evolving consumer preferences, technological advancements, and regulatory frameworks. This article delves into the burgeoning Turpentine Oil market, exploring its competitive landscape, growth prospects, and the factors shaping its trajectory. Download
Welding Wires Market Growth Analysis and Forecasts 2023-2032
Welding Wires Market Growth Analysis and Forecasts 2023-2032
In the realm of manufacturing and construction, the welding wires market stands as a crucial pillar supporting various industries worldwide. The demand for welding wires continues to surge owing to the burgeoning construction projects, automotive production, and the flourishing oil & gas sector. This article delves into the dynamics of the welding wires market, exploring its competitive landscape, future growth prospects, and the factors propelling or restraining its expansion. Download Free
Encapsulation Resin Market Size Forecast Between 2023-2032
Encapsulation Resin Market Size Forecast Between 2023-2032
In today's ever-evolving technological landscape, the Encapsulation Resin Market emerges as a crucial element fueling innovations across various industries. As businesses strive for enhanced performance, durability, and reliability in their products, encapsulation resin plays a pivotal role in safeguarding sensitive components from environmental factors, mechanical stresses, and chemical agents. This article delves into the competitive landscape, growth prospects, and emerging trends within the Encapsulation Resin Market, offering valuable insights for

All 5 Releases


More Releases for Printing

Global Printing Market | Global Printing Industry | Global Printing Market Resea …
The printing market comprises of sales of printing by several entities (organizations, sole traders and partnerships) that print products such as newspapers, books, labels, business cards, stationery, business forms, and several other materials. According to the report analysis, ‘Printing Global Market Report 2020-30: Covid 19 Impact and Recovery’ states that the worldwide printing market is projected to decline from USD 314.6 billion during 2019 to USD 294.2 billion throughout
Security Printing Market Security Printing Market
Security Printing Market: An Overview Increased cases of forgery and counterfeiting practices are anticipated to drive the security printing market over the forecast period. Counterfeiting practices are particularly prevalent in bank notes, passports, postage stamps, identity cards, stock certificates, and contraband. Security printing helps in prevention of tampering and forgery of the instruments mentioned above. Obtain Report Details @ https://www.transparencymarketresearch.com/security-printing-market.html The key end market verticals in security printing market includes Banking, Financial Services
Retail Security Tags Market by Technology (Barcode, Radio Frequency Identificati …
Retail security tags are used to attach a single or multiple products to identify, track, and count products. These are used by various companies and retail outlets to count and trace products. These offer benefits, such as automation, cost efficiency, security, and accuracy, in tracking inventory through supply chain network and retail environment. The global retail security tags market is driven by rise in security measures in retail industry and decline
Textile Printing Machine Market by Type (Rotary screen textile printing, Automat …
According to a new report published by Allied Market Research, titled, Textile Printing Machinery by Product type and Application: Global Opportunity Analysis and Industry Forecast, 2017-2023, the textile printing machinery market was valued at $7,309 million in 2016, and is projected to reach at $10,220 million by 2023, growing at a CAGR of 5.0% from 2017 to 2023. Asia-Pacific is expected to be the leading contributor to the global textile
Global UV Cured Printing Inks Market By Application – Flexographic, Gravure Pr …
Researchmoz added Most up-to-date research on "Global UV Cured Printing Inks Market By Application – Flexographic, Gravure Printing, Offset Printing, Digital Printing and Screen Printing" to its huge collection of research reports. Global UV Cured Printing Inks market size will increase to Million US$ by 2025, from Million US$ in 2017, at a CAGR of during the forecast period. In this study, 2017 has been considered as the base year and
Japan Packaging Printing In Global Market By Printing Technology: Flexography Pr …
Researchmoz added Most up-to-date research on "Japan Packaging Printing In Global Market By Printing Technology: Flexography Printing, Rotogravure Printing, Offset Printing And Digital Printing" to its huge collection of research reports. The global Packaging Printing market is valued at XX million USD in 2016 and is expected to reach XX million USD by the end of 2017, growing at a CAGR of XX% between 2016 and 2022. Japan plays an important role