3D printing Market Expected To Expand At A CAGR Of 23.5% from 2024 to 2030.

3D Printing Industry Overview

The global 3D printing market size was valued at USD 20.37 billion in 2023 and is expected to register a CAGR of 23.5% from 2024 to 2030. 

The aggressive research & development in three-dimensional printing and the growing demand for prototyping applications from various industry verticals, particularly healthcare, automotive, and aerospace & defense, are expected to drive the growth of the market.

The use of 3D printing in industrial applications is usually referred to as additive manufacturing (AM). Additive manufacturing involves a layer-by-layer addition of material to form an object, referring to a three-dimensional file, with the help of software and a 3-dimensional printer. A relevant 3D printing technology is selected from the available set of technologies to implement the process. The last step involves the deployment of this process across different industry verticals based on the necessity.

Gather more insights about the market drivers, restrains and growth of the 3D Printing Market

The deployment includes providing installation services, offering consultation solutions, and customer support, as well as handling aspects related to copyrights, licensing, and patenting. 3D printing is benefiting manufacturers in terms of prototyping, designing of the structure and end products, modeling, and time to market. As a result, the production expenses have been reduced considerably, and the manufacturers are in a position to offer better products at reasonable prices. As a result of these benefits, the demand for 3D printers is expected to be triggered more in the coming years.

However, the prevailing misconceptions with respect to the prototyping processes held by small and medium-scale manufacturers are hindering the adoption of additive manufacturing. Companies involved in designing, particularly small-scale and medium-scale enterprises, are deliberating before considering investments in prototyping as accountable investments rather than trying to understand the advantages and benefits of prototyping. The general notion prevailing among these enterprises is that prototyping is merely an expensive phase prior to manufacturing. Such perceptions regarding prototyping, coupled with the lack of technical knowledge and a looming lack of standard process controls, are expected to hinder market growth.

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3D Printing Market Segmentation

Grand View Research has segmented the global 3D printing market based on component, printer type, technology, software, application, vertical, material, and region: 

3D Printing Component Outlook (Revenue, USD Million, 2017 - 2030)

• Hardware

• Software

• Services

3D Printing Printer Type Outlook (Revenue, USD Million, 2017 - 2030)

• Desktop 3D Printer

• Industrial 3D Printer

3D Printing Technology Outlook (Revenue, USD Million, 2017 - 2030)

• Stereolithography

• Fuse Deposition Modelling

• Selective Laser Sintering

• Direct Metal Laser Sintering

• Polyjet Printing

• Inkjet printing

• Electron Beam Melting

• Laser Metal Deposition

• Digital Light Processing

• Laminated Object Manufacturing

• Others

3D Printing Software Outlook (Revenue, USD Million, 2017 - 2030)

• Design Software

• Inspection Software

• Printer Software

• Scanning Software

3D Printing Application Outlook (Revenue, USD Million, 2017 - 2030)

• Prototyping

• Tooling

• Functional Parts

3D Printing Vertical Outlook (Revenue, USD Million, 2017 - 2030)

• Industrial 3D Printing

  • Automotive

  • Aerospace & Defense

  • Healthcare

  • Consumer Electronics

  • Power & Energy

  • Others

• Desktop 3D Printing

  • Educational Purpose

  • Fashion & Jewelry

  • Objects

  • Dental

  • Food

  • Others

3D Printing Material Outlook (Revenue, USD Million, 2017 - 2030)

• Polymer

• Metal

• Ceramic

3D Printing Regional Outlook (Revenue, USD Million, 2017 - 2030)

• North America

  • S.

  • Canada

  • Mexico

• Europe

  • K.

  • Germany

  • France

  • Italy

  • Spain

• Asia Pacific

  • China

  • Japan

  • India

  • South Korea

  • Australia

  • Singapore

• South America

  • Brazil

• Middle East and Africa (MEA)

  • KSA

  • UAE

  • South Africa

Key Companies profiled:

• 3D Systems, Inc.

• 3DCeram

• Arcam AB

• Autodesk, Inc.

• Canon, Inc.

• Dassault Systemes

• EnvisionTec, Inc.

• EOS (Electro Optical Systems) GmbH

• ExOne

• GE Additive

• HP Inc.

• us

• Materialise NV

• Optomec, Inc.

• Organovo Holdings Inc.

• Proto Labs, Inc.

• Shapeways, Inc.

• Stratasys Ltd.

• Tiertime

• Voxeljet AG

Key 3D Printing Company Insights

• 3D Systems, Inc. is the U.S.-based technology company. The company is involved in the development of Desktop 3D printing products and services such as 3D printers, materials, software, 3D scanners and virtual surgical simulators and haptic design tools. Additionally, the company serves its customers with 3D solutions to manufacture and design complex and unique parts, produce parts locally to reduce the lead time, and eliminate expensive tooling, among others. The company caters to numerous industries and verticals such as aerospace & defense, automotive, healthcare, educational, durable goods, and entertainment.

• Materialise is a Belgium-based technology company operating in the additive manufacturing industry. The company is actively involved in the field of Desktop 3D printing to develop a broad range of software solutions, Desktop 3D printing services, and engineering. The company primarily caters to the industries such as healthcare, aerospace, automotive, consumer goods, and art & design.

Recent Developments

• In March 2023, 3D Systems, Inc. announced the launch of NextDent Cast and NextDent Base, two new printing materials, and NextDent LCD1, a printing platform. The materials are designed to enhance material properties, and the printing platform is an easy-to-use small-format printer. With these launches, the company aimed to aid its customers in accelerating additive manufacturing adoption.

• In November 2023, Autodesk Inc. announced the launch of Autodesk AI. This new technology is available in Autodesk products and is designed to provide customers with generative capabilities and intelligent assistance. With the launch of this new technology in Autodesk products, the company aimed to minimize errors by automating repetitive tasks and the needs of its customers.

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