3D Printing Market Upcoming Future Growth, Competitive Analysis and Forecast 2029

3D Printing Market Overview

The market is anticipated to expand as a result of vigorous research and development (3DP) and growing industry vertical demand for prototype applications, especially in the automotive, aerospace and defence, and healthcare sectors. The industrial application of 3DP is called Additive Manufacturing (AM), and it involves layer-by-layer addition of material using software and a three-dimensional printer to create an object based on a three-dimensional file. Deploying this approach across different industry verticals as needed is the last stage. Also referred to as desktop fabrication or additive printing technology, 3D printing allows manufacturers to make goods using a digital file and a range of printing materials.

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3D Printing Market Valuation:

3D Printing Market was worth USD 5.35 Bn in 2022 and total revenue is expected to grow at a rate of 28% CAGR from 2022 to 2029, reaching almost USD 30.12 Bn in 2029.

3D Printing Market Dynamics

The availability of materials and advancements in 3D printing technologies have led to an acceleration in the popularity of print-on-demand parts for the fabrication of customised functioning parts. Products can be made specifically to meet the needs and preferences of the individual thanks to 3D printing. These companies provide tailored services, like basic design development by designers and then letting clients take part in the product design process. Ongoing technological improvements in current 3D printing methods, reduced printer costs, and the availability of a wide range of materials enable the simple fabrication of customised objects.

Compared to production processes based on 3D printing, traditional manufacturing techniques have access to a greater variety of raw materials. One major barrier to commercial adoption of 3D printing technology is the high cost of manufacturing products due to the high cost of materials. Even though the technology represents a significant technological advance, the materials that can be used are still restricted. In addition, the accuracy and repeatability of products made by 3D printing are limited since there are inadequate standards for the mechanical properties of the materials used.

3D Printing Market Segmentation

by technology

Selective Laser Sintering
Sterio Lithography
Electron Beam Melting
Laminated Object Manufacturing
Fused Deposition Molding
Others

Selective laser sintering, stereo lithography, electron beam melting, laminated object production, fused deposition modelling, and other technologies are the subsegments of the market based on technology type. With almost 10% of worldwide sales, the stereo lithography category led the market in 2022. The following technologies have been divided into categories: digital light processing, laminated object manufacturing, laser metal deposition, inkjet, polyjet, stereo lithography, Fused Deposition Modelling (FDM), Direct Metal Laser Sintering (DMLS), Selective Laser Sintering (SLS), and others.

by Offering

Printer
Material
Software
Services

The market is further divided into three segments based on application: prototyping, tooling, and functional manufacturing. In order to precisely develop and construct parts, components, and complex systems, the automotive, aerospace, and defence industries make substantial use of prototyping. Prototyping allows manufacturers to achieve higher accuracy and more dependable final products. Therefore, it is anticipated that the prototyping category would continue to lead the market during the projection period. In order to design and produce precise parts, components, and intricate systems, the automotive, aerospace, and defence industries make heavy use of prototyping. Prototyping allows manufacturers to increase accuracy and create more reliable final products. Because of this, it is anticipated that the prototyping segment would continue to dominate during the forecast period.

by Process

Vat Polymerization
Sheet Lamination
powder bed Fusion

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3D Printing Market Key Players

1. Stratasys Ltd.
2. 3D Systems Corporation.
3. EOS GmbH Electro Optical Systems
4. Concept - Laser GmbH, Sisma SpA
5. ExOne Co.
6. Arcam AB.
7. SLM Solutions Group AG.
8. Materialise NV (ADR).
9. Proto Labs Inc.
10.Citim GmbH.
11.Digital Mechanics Sweden AB
12.Stratasys Ltd.
13.EOS GmbH
14.Materialise NV
15.SLM Solutions Group AG
16.Arcam AB, Concept Laser GmbH
17.The ExOne Company
18.Voxeljet AG
19.Proto Labs
20.Optomec Inc.
21.ARC Group Worldwide
22.GROUPE GORGE
23.EnvisionTEC GmbH
24.Mcor Technologies Ltd.
25.Beijing Tiertime Technology Co. Ltd.
26.Renishaw plc
27.XYZprinting
28.Ultimaker BV

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Table of content for the 3D Printing Market includes:

Part 01: Executive Summary

Part 02: Scope of the 3D Printing Market Report

Part 03: Global 3D Printing Market Landscape

Part 04: Global 3D Printing Market Sizing

Part 05: Global 3D Printing Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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Regional Insights:

With almost 35% of worldwide sales in 2022, North America will still be the market leader. North America dominated the market due to the region's significant adoption of additive manufacturing. North American nations including the US and Canada were among the first to use 3D printing technology in a variety of industrial applications. In contrast, Europe is the greatest region in terms of total area. Many people involved in the additive manufacturing industry who possess in-depth technical understanding of the procedures reside there.

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