Industrial 3D Printing Market to Gain Higher Momentum on Account of Advancements in 3D Printing Technology and Integration of Digitalization and Industry 4.0

Industrial 3D Printing Market Scope & Overview

The Industrial 3D Printing Market reached a value of USD 2.63 billion in 2022 and is projected to reach USD 11.26 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 19.9% during the forecast period of 2023-2030, according to SNS Insider.

Industrial 3D printing, also known as additive manufacturing, is a revolutionary manufacturing process that utilizes computer-controlled machines to create three-dimensional objects by adding material layer by layer. This technology has gained significant traction in various industries due to its ability to produce complex and customized parts with high precision and efficiency.

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Key Players Covered in Industrial 3D Printing market report are:

Stratasys,
Materialise,
ExOne,
HP,
CleenGreen3D,
Desktop,
Protolabs,
Nano Dimension,
3D Systems,
Metal,
Carbon,
Markforged,
Covestro,
TRUMPF,
EOS,
Renishaw,
Ultimaker.

Market Analysis

One of the critical drivers of the industrial 3D printing market is the development of new and improved printing materials. Manufacturers are constantly exploring innovative materials, such as high-performance polymers, metals, ceramics, and composites, which enable the production of durable and functional end-use parts. These advancements open up opportunities for applications across various industries, including aerospace, automotive, healthcare, and consumer goods.

Impact of Recession

While the industrial 3D printing market has shown immense potential for growth and disruption, it is not immune to the effects of economic recessions. During periods of economic downturn, decreased capital expenditure, reduced R&D investments, delayed or canceled projects, increased focus on cost reduction, and shifts in market demand can collectively impact the growth trajectory of the market. However, it's important to note that the long-term prospects for the industry remain promising, as the value proposition of 3D printing in terms of customization, efficiency, and sustainability continues to resonate with various sectors.

Segmentation Analysis

The printers segment and binder jetting technology are set to dominate the industrial 3D printing market, driving innovation, efficiency, and cost-effectiveness in manufacturing processes. The printers segment's advancements in precision, materials, and customization capabilities are revolutionizing production possibilities, while binder jetting's scalability and compatibility with diverse materials are enabling mass production at an unprecedented scale. As these trends continue to evolve, industrial sectors will benefit from improved supply chains, reduced lead times, and the ability to create complex geometries, ultimately transforming the way we manufacture and deliver products in the future.

Industrial 3D Printing Market Segmentation as Follows:

BY OFFERING
Printers
Software
Materials
Services

BY PROCESS
Binder Jetting
Powder Bed Fusion
Direct Energy Deposition
Material Extrusion
Vat Photopolymerization
Material Jetting
Sheet Lamination

BY TECHNOLOGY
Sterorlithography
Polyjet Printing
Digital Light Processing (DLP)
Direct Metal Laser Sintering (DMLS)
Laser Metal Deposition (LMD)
Selective Laser Sintering (SLS)
Electron Beam Melting (EBM)
Fused Modelling Deposition (FDM)
Inkjet Printing
Laminated Object Manufacturing (LOM)
Others

BY APPLICATION
Manufacturing
Prototyping
High Voltage

BY INDUSTRY
Automotive
Food & Culinary
Foundry & Forging
Jewelry
Consumer Goods
Aerospace & Defense
Printed Electronics
Healthcare
Oil & Gas
Others

Segmented by Region/Country:
North America
Europe
China
Japan
Asia Other

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Regional Status & Analysis

With its technological advancements, strong industrial base, collaborative ecosystem, and supportive regulatory environment, North America is primed to dominate the industrial 3D printing market. The region's expertise and innovation in additive manufacturing are reshaping traditional manufacturing processes across industries. As North American companies continue to push the boundaries of what is possible with 3D printing, they are set to propel the industry forward, revolutionizing production methods and unlocking new opportunities for growth and competitiveness.

Conclusion

The market is poised for significant growth in the coming years. The continuous advancements in materials, cost efficiency, customization, and increasing industry adoption are driving the expansion of this technology. As new applications emerge and more companies recognize the benefits of 3D printing, the market's potential continues to grow. With its ability to revolutionize manufacturing and enable innovation across various sectors, industrial 3D printing holds a promising future.

Frequently Asked Questions about this Research Report

Q1. What is the projected outlook for Industrial 3D printing market growth?

ANS: The market is projected to surpass a value of USD 11.26 billion by the year 2030.

Q2. What are the major factors influencing the industrial 3D printing market?

ANS: As more companies invest in 3D printing systems and build expertise, the market will continue to expand.

Q3. Who are the leading players in the industrial 3D printing market?

ANS: Stratasys, Materialise, ExOne, HP, CleenGreen3D, Desktop, Protolabs, Nano Dimension, 3D Systems, Metal, Carbon, Markforged, Covestro, TRUMPF, EOS, Renishaw, Ultimaker.

Table of Content - Analysis of Key Points
1. Introduction
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession on Major Economies
5. Value Chain Analysis
6. Porter's 5 forces model
7. PEST Analysis
8. Industrial 3D Printing Market Segmentation, By Offering
9. Industrial 3D Printing Market Segmentation, By Process
10. Industrial 3D Printing Market Segmentation, By technology
11. Industrial 3D Printing Market Segmentation, By Application
12. Regional Analysis
13. Company Profiles
14. Competitive Landscape
15. Conclusion

Continued…

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This release was published on openPR.