The global industrial 3D printing market size was USD 15.1 Bn in 2021 and is likely to reach USD 106.7 Bn by 2030, expanding at a CAGR of 21.7% during 2022–2030. The market growth is attributed to the growing demand for prototyping applications from various industries and customized commercial printing solutions with additive manufacturing systems.
Industrial 3D printing is an additive process of manufacturing that creates physical 3D objects through computer-aided design (CAD) digital files in which an object is created by laying down layers of materials. It allows you to manufacture highly complex structures that are lightweight and stable. It is widely used for creating architectural models of heavy equipment such as industrial machinery, electronic devices, robot, jigs, fixtures, and other tools.
Industrial 3D printing enhances manufacturing performance and reduces lead times and costs for production. It helps to develop own customized models quickly and cost-effectively that empower the industry such as aerospace & defense, automotive, food & beverages, medical & healthcare, architecture & construction, and jewelry.
COVID-19 Impact on Industrial 3D Printing Market
The market report finds that the COVID-19 pandemic moderately impacted on the global industrial 3D printing market. The global market growth rate decreased due to various end-user industries deploying 3D printers have to temporarily shut down their manufacturing units owing to labor shortages, which hampered the overall revenue generation of the global market during the pandemic.
Preventive measures imposed by the government such as emergency lockdowns and travel restrictions & limitations across the globe disrupted the supply chain of the global market. There was a slight increase due to rising demand from the medical and healthcare industries during the COVID-19 pandemic. The significant growth is attributed to the rising manufacturing industries across the globe demands for 3D printing are expected to fuel the global market growth in the coming years.
Industrial 3D Printing Market Dynamics
The research report provides a complete overview by providing detailed information and by focusing on growth and historic data to determine the key market trends, major drivers, existing restraints, growing opportunities and potentials, and emerging challenges. The global industrial 3D printing market report has up-to-date insights about the market scenarios that can help in shaping the overall performance and output of the market during the forecast period, 2022 to 2030.
What are key factors propelling industrial 3D printing market?
Rising Demand for 3D printing from the packaging industry
Rising use of 3D printing in the packaging industry is a major key factor driving the growth of the global industrial 3D printing market. It allows creates an unimaginable physical object from a digital 3D model or electronic data sources. It enables faster manufacturing to produce prototypes and models with low expenditure as compared to traditional manufacturing methods.
The demand for customized design particularly seen in the automotive, food & beverages, and personal care industry, that expected to increase the demand for 3D printing.
Increasing Demand for High-volume Production
3D printing is a suitable technology for low to medium-volume production. Increasing demand for high-volume production along with rising investment in 3D printing technology to produce industry-grade parts is another major factor that fuels the growth of the global market during the forecast period.
Which key factors are projected to restrain growth of industrial 3D printing market?
Adverse Impact of Large-scale 3D Printing on the Environment
Plastic is a widely used material for 3D printing industries, which affects the environment due to its non-disposable property. Growing environmental concern regarding the use of plastic is the major factor hinders the market growth. Furthermore, 3D printers consume more electricity as compared to traditional printers that restraining the global market growth at a certain limit in the coming years.
High Initial Installation Cost
The higher initial capital requires for setting up a 3D printing system that hampers the revenue growth of the global industrial 3D printing market. 3D printing technology is quite expensive to adopt as compared to the traditional printing method. New emerging technologies in the hardware and software of 3D printing systems are expensive.
Increasing advanced technologies at a rapid pace across the globe requires a high amount of capital to adopt those technologies that restrain the growth of the global market at a certain limit during the assessment period.
What are key factors expected to create lucrative opportunities for industrial 3D printing market players?
Growing Demand for 3D Printing
Growing demand for 3D printing from manufacturers leads to accelerate the global market growth during the forecast period. In 3D printing, there is no need to change the printing plates and it produces high-quality prints quickly as compared to conventional printing. 3D printing is a new development in the printing industry that enables customized printing as per requirements, which leads to drive the global industrial 3D printing market demand in the coming years.
Technological Advancements in 3D Software
Growing advanced technologies in the software of 3D printing creates immense growth opportunities for the market players. Growing manufacturing at a rapid pace highly demands for advanced software to design 3D models. Market players are shifting their focus towards reducing costs and time for the production of models with new advanced technologies, which fuels 3D printing industries in the coming years.
Scope of Industrial 3D Printing Market Report
The global industrial 3D printing market research report includes an assessment of the market trends, market segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Industrial 3D Printing Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2021
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Historic Data
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2019-2020
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Forecast Period
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2022–2030
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Segmentation
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Process (Direct Energy Deposition, Binder Jetting, Material Jetting, Material Extrusion, Powder Bed Fusion, Sheet Lamination, and Vat Photopolymerization), Technology (Direct Metal Laser Sintering, Digital Light Processing, Electron Beam Melting, Inkjet Printing, Multi Jet Fusion, Fuse Deposition Modeling, Laminated Object Manufacturing, Polyjet Printing, Laser Metal Deposition, Stereolithography, Selective Laser Sintering, and Others), Printer Type (Desktop 3D Printer and Industrial 3D Printer), Software (Design Software, Printer Software, Scanning Software, and Inspection Software), Material (Metal, Polymer, Plastic, Thermoplastic, Photopolymer, and Ceramic), Application (Functional Parts, Prototyping, and Tooling), End-user (Aerospace & Defense, Automotive, Food & Beverages, Medical & Healthcare, Pharmaceuticals, Oil & Gas, Electronics & Electrical, Fashion & Jewelry, Architecture & Construction, and Others)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Industrial 3D Printing Market Size and Analysis, Competitive Landscape, Growth Factors, Market Trends, and Revenue Forecast
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Key Players Covered in the Report
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3D Systems, Inc.; Autodesk Inc.; Canon Inc.; ENVISIONTEC US LLC; EOS; ExOne; GENERAL ELECTRIC; Groupe Gorgé; Materialise; Nano Dimension; New Valence Robotics Corporation; Optomec, Inc.; Organovo Holdings Inc.; Proto Labs; Renishaw plc; SLM Solutions; Stratasys; Tiertime; Ultimaker BV; voxeljet AG; and XYZprinting, Inc.
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Industrial 3D Printing Market Segment Insights
Why is Powder Bed Fusion Segment More Prevalent than the Direct Energy Deposition Segment?
On the basis of process, the global industrial 3D printing market is divided into direct energy deposition, binder jetting, material jetting, material extrusion, powder bed fusion, sheet lamination, and vat photopolymerization. The powder bed fusion segment held a key market share in 2021 and is anticipated to expand at a significant growth rate during the projected period.
This process uses a laser or electron beam to melt and fuse the material powder together. It is the common 3D printing process that is widely used for additive manufacturing process as it reduces material wastage and cost. It does not require structural support as the parts surrounded by the powder bed provide the necessary support for working with plastics. Rising use of powder bed fusion process in various manufacturing process leads to fuel the global market growth.
However, the direct energy deposition segment is expected to hold a key share of the market in the coming years as it improves sustainability credentials by improving material efficiency in the process of additive manufacturing. It improves flexibility to control the grain structure that allows the process to be used for repairing high-quality functional parts.
What Key Factors Contribute to Rapid Expansion of the Technology Segment?
Based on technology, the 3D printing industries are segregated into direct metal laser sintering, digital light processing, electron beam melting, inkjet printing, multi jet fusion, fuse deposition modeling, laminated object manufacturing, polyjet printing, laser metal deposition, stereolithography, selective laser sintering, and others.
The stereolithography segment held a large revenue share and is projected to register a considerable CAGR during the forecast period owing to its widespread implementation. This technology is the oldest and most common technology that is being used due to ease of operation. Increasing research and development activities in this technology encourage consumers to adopt this technology, which accelerates the growth of the global market.
On the other hand, the fuse deposition modeling segment is anticipated to account for a major market share due to rising use in the process of specialized additive manufacturing. It is used to make durable parts. It allows to customize and create a special product as per requirement. Increasing demand for fuse deposition modeling technology from aerospace & defense, automotive, and medical & healthcare sectors drive the market growth in the coming years.
What is Expected Growth Rate of Industrial 3D Printer Segment?
On the basis of printer type, the global industrial 3D printing market is bifurcated into desktop 3D printer and industrial 3D printer. The industrial 3D printer segment holds around 70% of the market share in 2021 and is expected to generate more revenue share during the forecast period owing to its wide applications in heavy-duty industries. Growing adoption in various industries, such as automotive, consumer electronics, aerospace & defense, and healthcare sectors attributed to fuels the global market growth.
The desktop 3D printer is anticipated to contribute to the segment growth during the projected period. It is suitable for small-scale industries. These printers are widely used for household and domestic purposes. Schools, colleges, and other institutes deploying desktop 3D printers for training purposes. Growing small businesses at a rapid pace highly demands for desktop 3D printers.
What are Main Aspects for Boosting the Software Segment?
Based on software, the global industrial 3D printing market share is fragmented into design software, printer software, scanning software, and inspection software. The design software segment accounted for a major share of the market in 2021. It acts as a bridge between the hardware of the printer and the object to be printed. This software is mostly useful for constructing the designs of objects in engineering verticals. Rising automotive industries across the globe demand for design software.
Furthermore, scanning software is estimated to grow at a rapid pace in the coming years due to its ability to store scanned documents. It captures the measurements of physical objects by quickly scanning and printing those objects in digital form. This software is considered as advanced software as it saves time in design work by providing accurate measurement of objects. Rising industrial sector at a rapid pace highly demands for this software.
What are Major Reasons for Rising Sales in the Material Segment?
On the basis of material, the global industrial 3D printing market is segmented into metal, polymer, plastic, thermoplastic, photopolymer, and ceramic. The metal segment held more than 50% share and is expected to expand at a significant growth rate during the projected period due to due to its impressive thermal properties, strength, and high flexibility. Growing various additive manufacturing industry demands for metal to produce durable parts leads to fuel the segment growth.
The ceramic segment is projected to contribute to the segment’s growth as it is a new technology in various manufacturing process. Increasing research and development in 3D printing technology demands for ceramic material as it has the capability of producing high-precision 3D objects. Rising demand from engineering verticals leads to drive segment growth during the forecast period.
How is Prototyping Segment Generating More Revenue Share in Industrial 3D Printing Market?
Based on application, the global market is classified into functional parts, prototyping, and tooling. The prototyping segment accounted for around 55.1% share of the global revenue in 2021 and is anticipated to grow at a rapid pace during the assessment period. This growth is attributed to the rising adoption of prototyping in several industries, such as automotive, and aerospace industry as it allows to develop reliable products with high accuracy.
On the other hand, the functional part is expected to generate a revenue share of the global market as it is important while developing machinery. It includes small joints and other metallic hardware. Rising demand for functional parts from additive manufacturing industries leads to drive the market growth.
Which Major Factors influence the Substantial Growth of the End-user Segment?
On the basis of end-user, the global industrial 3D printing market is categorized into aerospace & defense, automotive, food & beverages, medical & healthcare, pharmaceuticals, oil & gas, electronics & electrical, fashion & jewelry, architecture & construction, and others. The aerospace & defense industry is projected to register a considerable CAGR in the coming years.
3D printing technology has become orthodox in the aerospace & defense sector. It is useful to create and design aircraft parts in low volume. The need for customization and to design aircraft interiors such as the cabin of commercial aircraft highly demands cost-effective technology. Growing aerospace companies and defense industries across the globe accelerate to drive the market during the projected period.
The automotive industries are anticipated to generate a major revenue share of the market during the assessment period. Growing urbanization at a rapid pace leads to rising in the automotive sector. Increasing demands for the production of luxurious vehicles demand for 3D printing technology to design the vehicles.
Why is North America Dominating Industrial 3D Printing Market?
In terms of regions, the global industrial 3D printing market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America accounted for a large market share in 2021 and is expected to dominate the market during the projected period owing to the wide use of additive manufacturing in the region.
The presence of several well-established market players in the region focused on reducing production costs to develop cost-effective technology. The regional market growth is attributed to the increasing technological advancements and growing automobile industries across the region. Furthermore, rising government initiatives toward developing new technologies drive the regional market growth.
Asia Pacific accounted for a large market share in 2021 and is expected to dominate the market during the projected period. Asia-Pacific is the fastest developing region. The rapid expansion of industrialization and manufacturing activities in developing countries such as India and China fuel the regional market growth in the coming years.
Furthermore, rising investments in infrastructure and growing architecture & construction in the region owing to the urbanization demands for 3D printing technology.
Segments
The global industrial 3D printing market has been segmented on the basis of
Process
- Direct Energy Deposition
- Binder Jetting
- Material Jetting
- Material Extrusion
- Powder Bed Fusion
- Sheet Lamination
- Vat Photopolymerization
Technology
- Direct Metal Laser Sintering
- Digital Light Processing
- Electron Beam Melting
- Inkjet Printing
- Multi Jet Fusion
- Fuse Deposition Modeling
- Laminated Object Manufacturing
- Polyjet Printing
- Laser Metal Deposition
- Stereolithography
- Selective Laser Sintering
- Others
Printer Type
- Desktop 3D Printer
- Industrial 3D Printer
Software
- Design Software
- Printer Software
- Scanning Software
- Inspection Software
Material
- Metal
- Polymer
- Plastic
- Thermoplastic
- Photopolymer
- Ceramic
Application
- Functional Parts
- Prototyping
- Tooling
End-user
- Aerospace & Defense
- Automotive
- Food & Beverages
- Medical & Healthcare
- Pharmaceuticals
- Oil & Gas
- Electronics & Electrical
- Fashion & Jewelry
- Architecture & Construction
- Others
Region
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- 3D Systems, Inc.
- Canon Inc.
- Autodesk Inc.
- ENVISIONTEC US LLC
- EOS
- ExOne
- GENERAL ELECTRIC
- Groupe Gorgé
- Materialise
- Nano Dimension
- New Valence Robotics Corporation
- Optomec, Inc.
- Organovo Holdings Inc.
- Proto Labs
- Renishaw plc
- SLM Solutions
- Stratasys
- Tiertime
- Ultimaker BV
- voxeljet AG
- XYZprinting, Inc.
Competitive Landscape
The competitive landscape of the industrial 3D printing market report provides key insights into the growth strategies and development initiatives implemented by the key players in the market.
Key players competing in the global industrial 3D printing market share are 3D Systems, Inc.; Autodesk Inc.; Canon Inc.; ENVISIONTEC US LLC; EOS; ExOne; GENERAL ELECTRIC; Groupe Gorgé; Materialise; Nano Dimension; New Valence Robotics Corporation; Optomec, Inc.; Organovo Holdings Inc.; Proto Labs; Renishaw plc; SLM Solutions; Stratasys; Tiertime; Ultimaker BV; voxeljet AG; and XYZprinting, Inc.
Some of these major companies adopted various business development strategies including mergers, acquisitions, partnerships, collaboration, product launches, and production capacity expansion to expand their consumer base and enhance their market share. For instance,
- On November 10, 2022, 3D Systems partnered with ALM. This partnership will focus on expanding access to materials for 3D printing. ALM decided to add 3D Systems’ DuraForm PAx material to its collection, which enables its customers to choose the best materials.
- On September 8, 2022, Materialise introduced Mimics Enlight 3D Lung Software in China. The company entered into a partnership with Fluidda and Zealise Medical to improve personalized 3D imaging and lung care treatment planning.
- On May 12, 2022, Desktop Metal launched DuraChain Photopolymers, which enables new innovations in 3D printing. DuraChain Photopolymer is a new category of 3D printable resins that delivers durability.
- On November 15, 2021, Stratasys introduced GrabCAD print software for the Stratasys H350 3D printers. This software allows to scale additive manufacturing to the production level by enhancing GrabCAD print.
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