Global Powder Bed Fusion Three-Dimensional (3D) Printing Technology Market to Reach $23.35 Billion by 2029, Growing at 11.7% CAGR

Which drivers are expected to have the greatest impact on the over the powder bed fusion three-dimensional (3d) printing technology market's growth?
The expansion of the aerospace and defense industry is predicted to drive the growth of the powder bed fusion (PBF) 3D printing technology market. The aerospace and defense industry encompasses the development, production, and maintenance of aircraft, spacecraft, as well as military systems, including technologies for national security, space exploration, and aviation. This industry is experiencing growth due to increasing defense budgets, advancements in fuel-efficient technologies, and the necessity for advanced commercial and military aircraft. PBF 3D printing technology is a popular tool in the aerospace and defense industry due to its ability to produce lightweight, high-strength, and intricate components that traditional manufacturing methods struggle with. This technology improves efficiency, performance, and sustainability in aerospace and defense manufacturing. For example, in September 2024, the Aerospace Industries Association (AIA), a US-based aerospace and defense company, reported that the U.S aerospace and defense industry had passed a notable milestone of achieving over $955 billion in sales in 2023, indicative of a 7.1% increase compared to 2022. Consequently, the growth of the aerospace and defense industry is a key driver for the expansion of the powder bed fusion (PBF) 3D printing technology market.

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What is the future CAGR of the powder bed fusion three-dimensional (3d) printing technology market, and how will it impact industry expansion?
The market for powder bed fusion (PBF) 3D printing technology has witnessed a quick expansion in the past few years. It is anticipated to rise from $2.57 billion in the year 2024 to about $3.07 billion in 2025, indicating a compound annual growth rate (CAGR) of 19.4%. The historic surge in the market is influenced by factors such as the growing popularity of additive manufacturing (AM), increasing demand for personalized and innovative solutions, a rise in the number of sellers, increased use in the medical sector and an upsurge in the adoption of PBF technology.

The market size for powder bed fusion (PBF) 3D printing technology is projected to undergo rapid growth in the coming years, expected to reach $6.16 billion in 2029 with a 19.1% compound annual growth rate (CAGR). Factors contributing to this predicted growth within the forecast period include increased investments in the aerospace and defence sectors, the growing availability of PBF machines, a rising demand for complex geometric structures, an increased need for customised medical devices, and an uptick in applications within the aerospace and automotive industries. Key trends to observe during this forecast period include advancements in speed and precision for metal PBF printing, the implementation of more than one laser, real-time process monitoring systems, the integration of hybrid manufacturing, the introduction of new alloys, and the development of high-performance polymers.

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What are the most significant trends transforming the powder bed fusion three-dimensional (3d) printing technology market today?
Companies leading the market in powder bed fusion (PBF) 3D printing technology are zeroing in on the creation of superior products including selective laser sintering (SLS) printers to cater to the surging requirement for high-quality 3D printed parts. A selective laser sintering (SLS) printer is a type of 3D printer that employs a powerful laser to merge layers of powdered materials. In the process, the laser targets specific areas as dictated by a digital blueprint, amalgamating the powder to create solid entities. As an illustration, EOS GmbH, a German company providing 3D printing solutions, unveiled the P3 NEXT 3D printer in November 2024. This cutting-edge printer offers up to 50% more productivity and a 30% decrease in total cost of possession in comparison to its forerunner, the EOS P 396. With its compact form and upgraded features like better scanning algorithms and material efficiency, the P3 NEXT caters to various sectors such as healthcare and aerospace. It supports large production quantities while preserving high quality and eco-friendly norms. In the view of EOS, advancements in additive manufacturing will derive from inventive production applications, exampled by the P3 NEXT.

Which key market segments comprise the powder bed fusion three-dimensional (3d) printing technology market and drive its revenue growth?
The powder bed fusion three-dimensional (3D) printing technology market covered in this report is segmented -

1) By Component: Hardware, Software, Services, Material
2) By Technology: Multi Jet Fusion, Selective Laser Sintering, Direct Metal Laser Sintering Or Selective Laser Melting, Electron Beam Melting
3) By End-User: Healthcare, Automotive, Aerospace And Defense, Other End-Users

Subsegments:
1) By Hardware: 3D Printers, Scanners, Laser Systems
2) By Software: CAD Software, Slicing Software, Simulation Software
3) By Services: 3D Printing Services, Post-Processing Services, Design And Prototyping Services
4) By Material: Metal Powders, Plastic Powders, Ceramic Powders, Other Specialized Powders

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What regions are at the forefront of powder bed fusion three-dimensional (3d) printing technology market expansion?
North America was the largest region in the powder bed fusion three-dimensional (3D) printing technology market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the powder bed fusion three-dimensional (3D) printing technology market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Who are the leading players fueling growth in the powder bed fusion three-dimensional (3d) printing technology market?
Major companies operating in the powder bed fusion three-dimensional (3D) printing technology market are HP Inc., Dyndrite Corporation, TRUMPF GmbH + Co. KG, Renishaw plc, Stratasys Ltd., 3D Systems Inc., Protolabs Inc., Indo-MIM Pvt. Ltd., Xometry Inc., Formlabs Inc., Materialise, Velo3D Inc., ExOne Company, Shining 3D Technology Co. Ltd., Concurrent Technologies Corporation, Farsoon Technologies, Eplus3D Tech GmbH, ONA Electroerosión S.A., EOS GmbH, Aconity 3D GmbH, SamyLabs

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What Is Covered In The Powder Bed Fusion Three-Dimensional (3D) Printing Technology Global Market Report?

•Market Size Forecast: Examine the powder bed fusion three-dimensional (3d) printing technology market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the powder bed fusion three-dimensional (3d) printing technology market for a structured understanding.
•Key Players Overview: Analyze major players in the powder bed fusion three-dimensional (3d) printing technology market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the powder bed fusion three-dimensional (3d) printing technology market.
•Segment Contributions: Evaluate how different segments drive overall growth in the powder bed fusion three-dimensional (3d) printing technology market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the powder bed fusion three-dimensional (3d) printing technology market.
•Industry Challenges: Identify potential risks and obstacles affecting the powder bed fusion three-dimensional (3d) printing technology market.
•Competitive Landscape: Review strategic developments in the powder bed fusion three-dimensional (3d) printing technology market, including expansions, agreements, and new product launches.

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