Share
Industrial 3D Printing Market Size, Share, and Analysis, By Offering (Printers, Materials, Software, Services), By Process (Binder Jetting, Powder Bed Fusion, Direct Energy Deposition, Material Extrusion, Vat Photopolymerization, Material Jetting, and Sheet Lamination), By Technology (Stereolithography (SLA), Selective laser sintering (SLS), Electron beam melting (EBM), Fused deposition modeling (FDM), Laminated object manufacturing (LOM), and Others), By Industry (Manufacturing, Aerospace and Defense, and Others), and By Region (North America, Europe, Asia-Pacific, And Rest of the World) And Regional Forecast 2024-2034
Industrial 3D Printing Market is anticipated to exhibit a Compound Annual Growth Rate (CAGR) of 21.3% during the forecast span from 2024 to 2034. In 2023, the market size was assessed at USD 9.4 billion and is projected to reach USD 79.2 billion by the completion of 2034.
Industrial 3D printing, also known as additive manufacturing, is an advanced production method that constructs three-dimensional objects layer by layer using digital models. Traditional subtractive manufacturing involves material removal, whereas 3D printing deliberately adds material to create elaborate complex designs. This technology is often used in industrial settings to generate working prototypes, end-use parts, and components for various industries such as aerospace, automotive, healthcare, and engineering. Additionally, industrial 3D printing is well-known for its ability to provide rapid and cost-effective production while accommodating complicated geometries, playing an important role in modern manufacturing. Consequently, industrial 3D printing is flexible in dealing with various materials, including plastics, metals, ceramics, and composites, which contributes to its significant impact on innovation, efficiency, and customization across industries.
Industrial 3D Printing Market is projected to reach USD 79.2 billion over the forecast period, due to its transformative influence on manufacturing across various sectors. The demand for customized and complex components has pushed the adoption of industrial 3D printing for rapid prototyping and production. Materials, such as metals, polymers, ceramics, and composites, have numerous applications, which is a primary factor encouraging this growth. Moreover, industries such as aerospace and healthcare, benefit from 3D printing to create lightweight, long-lasting components and personalized medical implants. Furthermore, technological innovations and a shift toward large-scale manufacturing play a significant role in defining the industrial 3D printing market. Therefore, as companies acknowledge cost savings, low waste, and creative freedom provided by industrial 3D printing, the market will witness a long-term growth, which will support innovation and challenge traditional production methods.
Source: Fatpos Global
By Process, Industrial 3D Printing Market is divided into Binder Jetting, Powder Bed Fusion, Direct Energy Deposition, Material Extrusion, Vat Photopolymerization, Material Jetting, and Sheet Lamination. The powder bed fusion segment is expected to dominate the industrial 3D printing market as it is one of the most prevalent methods for industrial additive manufacturing (AM). This category includes well-known techniques such as selective laser sintering (SLS) for plastics and selective laser melting (SLM) for metals. Additionally, the distinctive advantage that pushes powder bed fusion to the forefront is its ability to eliminate the need for support structures. This is particularly crucial when working with plastics and their derivatives, as the surrounding powder bed provides support during the 3D printing process. Therefore, the elimination of support structures provides smooth production workflow, which contributes to the high adoption and dominance of powder bed fusion in the industrial 3D printing market.
Based on Offering , the Industrial 3D Printing Market is segmented into Printers, Materials, Software, and Services. The printers segment will likely maintain its dominance in the industrial 3D printing market throughout the forecast period. During its early stages, 3D printers were seen as more of a novelty than a functional tool. However, as costs continue to fall and improvements in technology occurred, the consumer base for 3D printers witnessed dramatic growth. These printers are currently essential in professional printing applications and helps in the production of complex and lightweight components for high-value products ranging from aircraft to race cars. Furthermore, the growth of the printers segment is attributed to the evolving perception of 3D printing. This shift in perception, combined with ongoing improvements in printer technology, solidifies the dominance of printer segment and positions it as a major driver for the expansion of industrial 3D printing market.
Source: Fatpos Global
Innovation and Technological Progress Create Growth Opportunities
Technological improvements and continuous innovation are integral drivers for the growth of industrial 3D printing market. Continuous development in 3D printing hardware and procedures significantly expands the potential of 3D printing technology and improves its accuracy, speed, and adaptability. Additionally, improvements such as faster printing speeds, larger build volumes, and the introduction of new materials help to widen the usefulness of 3D printing across a variety of industries. These continual developments attract new users to adopt 3D printing and encourage existing users to explore new possibilities, resulting in a dynamic market landscape. Therefore, constant dedication to innovation makes industrial 3D printing as a significant manufacturing solution, which assist in driving market growth and expanding its reach across several industries.
Increasing Adoption in the Aerospace and Healthcare Industries will Lead to Market Expansion
Increasing integration of industrial 3D printing in essential sectors such as aerospace and healthcare emerges as a substantial growth catalyst. The technology's ability to produce precise, lightweight components meets the strict demands of aerospace industry. Additionally, in healthcare sector, industrial 3D printing accelerates the development of customized medical implants and accurate prototypes, bringing a paradigm shift toward patient-specific treatment. Moreover, as these industries increasingly adopt 3D printing for critical applications, the market will continue to experience growth. Therefore, the rising use case and success stories in aerospace and healthcare considerably boosts the reputation of 3D printing technology, thereby attracting more investment and adoption across a wide range of industrial applications.
Industry Growth is Hindered by High Equipment Costs and Initial Investments
High initial investment and equipment expenses associated with the adoption of 3D printing is a substantial limitation surrounding the industrial 3D printing market. The acquisition and establishment of industrial-grade 3D printing machinery, especially for extensive production, can be financially demanding. The costs associated with advanced hardware, premium materials, and essential infrastructure create a challenge, particularly for smaller businesses and enterprises operating within limited budgets. This elevated entry cost has the potential to impede wide adoption, especially in sectors where financial constraints play a crucial role. Therefore, addressing this limitation requires strategic initiatives such as the introduction of cost-effective solutions, the provision of financing options, or collaborative efforts which are aimed at making industrial 3D printing more accessible to a diverse spectrum of businesses.
Industrial 3D Printing Market is segmented based on regional analysis into five key regions: North America, Latin America, Europe, Asia Pacific and the Middle East and Africa. The North America region will maintain its dominance in the industrial 3D printing market owing to the participation of well-established market leaders, including Stratasys, 3D Systems, GE Additive, ExOne, Protolabs, and HP, which significantly contributes to the leadership of North America in the global market. These companies bring extensive expertise, along with technological innovation and a diverse range of offerings. Moreover, major companies in North America are increasingly turning to 3D printing for product innovation and heavily depend on the capacity of 3D printing technology to use modern designs and efficient manufacturing methods. The adoption of 3D printing enables cost-effective small-batch manufacturing, swift production cycles, and low material wastage, which driving the integration of 3D printing across North America region.
Source: Fatpos Global
COVID-19 pandemic exerted a mixed influence on the industrial 3D printing market. Supply chain disruptions due to global lockdowns presented challenges in procuring essential raw materials and components for 3D printing processes. Additionally, many businesses that were grappling with financial constraints, reduced their expenditure which affected the adoption of advanced technologies such as industrial 3D printing. However, the pandemic presented major opportunities as well. For instance, the urgent demand for medical equipment highlighted the significance of 3D printing in fast prototyping and production. Furthermore, the shift toward digital transformation during the pandemic accelerated the rise of 3D printing as a durable manufacturing method and placed the industry for possible growth in the post-pandemic age.
|
ATTRIBUTE |
DETAILS |
|
Study Period |
2018-2034 |
|
Base Year |
2023 |
|
Forecast Period |
2024-2034 |
|
Historical Period |
2019-2022 |
|
Growth Rate |
CAGR of 21.3% from 2024-2034 |
|
Unit |
Value (USD Billion) |
|
Segmentation |
Main Segments List |
|
By Offering |
|
|
By Process |
|
|
By Technology |
|
|
By Industry |
|
|
By Region |
|
Industrial 3D Printing Market size was values at USD 9.4 billion in 2023 and is projected to reach the value of USD 79.2 billion in 2034, exhibiting a CAGR of 21.3% during the forecast period.
The industrial 3D printing market involves the application of additive manufacturing technologies for producing three-dimensional objects in industries such as aerospace, automotive, healthcare, and more. It includes the production of complex components, prototypes, and end-use parts using various materials like metals, plastics, and ceramics.
The Powder Bed Fusion segment and the Printers segment accounted for the largest Industrial 3D Printing Market share.
Key players in the Industrial 3D Printing Market include Stratasys Ltd., 3D Systems Corporation, ExOne, Materialise NV, EOS GmbH, Voxeljet AG, SLM Solutions Group AG, HP Inc., General Electric Company, EnvisionTEC, Renishaw plc, Desktop Metal, Protolabs, Arcam AB, Carbon, Inc., and Other Prominent Players.
Technological progress, along with increasing adoption in the aerospace and healthcare industries are the factors driving the industrial 3d printing market.
Select License Type
Select License Type
FATPOS CLIENT Appriciation DURING THE PROJECT
Working with Fatpos Global, allowed us to take advantage of their knowledge and easy approach, allowing us to collect important data utilizing a variety of techniques. The results were clearly presented and explained, and FG responded to our questions with speed and expertise.
|
Swiss-based global building materials manufacturer |
The analyses and presentations Fatpos Global have produced for us have been of a very high caliber and have allowed us to proactively improve our customer relationship management. They have also done so while maintaining complete anonymity. Without any doubt, we suggest Fatpos Global to you.
|
|
Tech-powered construction company |
We appreciate the team’s punctuality, flexibility in terms of report modification, post report purchase support and pleasant reaction all around. Overall, my experience with this company was nothing but positive, and I couldn't be more grateful for their excellent service. Thank you for all that you do!
|
|
American global management consulting firm |
We are able to concentrate on the topics and implications that are most important to our clients thanks to the adaptability and responsiveness of the team at Fatpos Global. We would highly recommend this company to anyone in need of their services, and I will certainly be using them again in the future.
|
|
Headquartered in Zug, Switzerland, leading supplier of medical and surgical instrument |
To better study our client demographics, develop the ideal product-price architecture, and enhance our target marketing initiatives, we hired Fatpos Global. Every component of the project was completed, and we are very happy with the useful insights and actionable results.
|
|
Kosovan company, A leading organic fertilizers producer |
Thank you for your team's generous assistance, The final report was delivered to me, and I find it to be really helpful. Also, you may be sure that I will get in touch with you if I ever require fresh materials for market research. Gratitude once more.
|
|
German specialty chemicals company based in Cologne, Germany |
