3D Printing Market by Global Size, Trends and Research Analysis

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The size of the global 3D printing market valued at USD 12.96 billion in 2019; is expected to increase by USD 107.52 billion by 2030, with a CAGR of 21.2% from 2020-2030.

3D printing is an additive manufacturing technique that builds a three-dimensional object from a computer-aided design model, adding layers of the preferred material; shape them into precise shapes with precise geometries, in order to obtain perfectly finished three-dimensional products. Materials used in the manufacturing process include various types of polymers, ceramics, vivid varieties of metals, silicon and many more.

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Main companies: Arcam AB, 3D Systems, Stratasys Ltd, Autodesk, Inc., Hoganas AB, The ExOne Company, Organovo Holdings, Inc., Optomec, Inc., Voxeljet AG and Ponoko Limited

Market dynamics and trends

The global 3D printing market is booming with huge technological advancements taking place. Further, wide application of 3D printers and next generation infrastructure will increase the growth curve of 3D printing market during the forecast period. Additionally, increased demand for customized products is expected to fuel the market during the forecast period.

However, the high cost of 3D printing and the lack of skilled manpower can hamper the growth of the market. But, at the same time, high precision, perfect precision, reduced error with lower manufacturing cost, will improve the growth of 3D printing market during the forecast period.

Other market dynamics like; The cumulative increase of 3D printing applications in construction industry, healthcare industry, fashion industry, followed by innovations and R&D, is expected to create many opportunities in the market of 3D printing during the forecast period.

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Market segments and scope of the study:

The global 3D printing market share has been analyzed based on component, technology, end user and geography.

Component-based market is fragmented into software, services, and hardware. Based on technology, the market is divided into SLA, FDM, SLS, EBM, DLP, and others. Based on the end user, the market is divided into automotive, healthcare, industrial, consumer electronics, aerospace and defense, and others. The geographic breakdown and analysis for each of the previously mentioned segments include regions including North America, Europe, Asia Pacific, and Rest of the World.

Geographic analysis

Currently, North America holds the major market share due to its advanced technology and advanced infrastructure. In addition, the increased demand for customized products with high disposable income will definitely support the growth of the 3D printing market.

Emerging economies, especially the Asia-Pacific region, will experience significant growth in the size of the 3D printing market, with a gradual increase in market share due to its wide application in various industry verticals. . Benefits such as high efficiency, time saving, cost savings, and reduced errors will greatly increase the market growth in the years to come.

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