3D printing market Size Share Research Report
3D
Printing Market
GMI Research projects the 3D printing market
to expand at a CAGR of 21% over the forecast period (2020-2027), owing to the
ongoing innovation in material structure and the increasing research and
development activities.
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3D Printing Market
3D printing technology helps producers to provide customized
products with enhanced accuracy and shine depending on the customer’s need.
Growing use of 3D printing technology for product designing due to its ability
to reduce risk and real-time insights is a prime factor stimulating the 3D
printing market size. Increasing investment by government across 3D printing
projects and the reduction in process down time and production cost are likely
to bolster the market growth. Several end-use industries such as aerospace,
automotive, and consumer goods have shifted towards functional part
manufacturing from prototyping, which will fuel the market growth. However, the
misunderstanding about prototyping process across the small and medium-sized
producers might hamper the 3D
printing market growth.
By technology, the direct metal laser sintering segment is
projected to witness a promising growth over the forecast period, due to the
growing use of DMLS to produce complicated structures, such as automotive and
aerospace. Further, as per the 3D printing market analysis,
the augmenting deployment of the technology to produce fixtures and jigs and
the user-friendly feature have propelled the market growth. The direct metal
laser sintering helps producing superior metal parts as it facilitates the
construction of complicated geometries of metals.
By application, the prototyping segment is anticipated to
grow at a higher CAGR over the coming years. The 3D printing produces
prototypes from 3D computer-driven designs to help organizations decrease the
wastages and operational costs. The fast production of cheaper prototypes based
on the customer’s need has bolstered the prototyping demand across several
industries, driving the 3D printing market size.
By region, the North American region is forecast to boom
over the upcoming years due to the increasing application of 3D printers across
healthcare, automotive, and energy sector. Asia-Pacific region, on the other
hand, will lead the market owing to the rapid urbanization and increasing
production of consumer electronics.
Leading operating in the market include GE Additive, SLM
Solutions, EOS GmbH, Envisiontec, Exone, Stratasys, 3D Systems, Protolabs, and
Mcor Technologies, Voxeljet, HP, among others.
Key Developments:
In 2020, SLM solutions partnered with Honeywell
International Co., to introduce new parameter sets for the 3D printed aluminum
alloy with higher thicknesses. This partnership intended to use this material to
produce components in the aerospace industry.
In 2020, Protolabs introduced new 3D printed cobalt chrome
for the aerospace sector. The cobalt chrome gained huge prominence due to high
strength to weight ratio and ability to take shape depending upon the product.
3D Printing Market Segmentation:
3D
Printing Market by Offering
·
Printer
o
Desktop
o
Industrial
·
Material
o
Plastic
§
Thermoplastics
§
Acrylonitrile Butadiene Styrene (Abs)
§
Polylactic Acid (Pla)
§
Nylon
§
Polypropylene
§
Polycarbonate
§
Polyvinyl Alcohol (Pva)
§
Others
o
Photopolymers
·
Metals
o
Steel
o
Aluminum
o
Titanium
o
Silver
o
Gold
o
Others
·
Ceramics
o
Glass
o
Silica
o
Quartz
o
Others
·
Others
·
Software
o
Design
o
Inspection
o
Printing
o
Scanning
·
Service
3D
Printing Market by Process
·
Powder Bed Fusion
·
Material Extrusion
·
Vat Photopolymerization
·
Material Jetting
·
Binder Jetting
·
Directed Energy Deposition
·
Sheet Lamination
3D
Printing Market by Application
·
Prototyping
·
Functional Part Manufacturing
·
Tooling
3D
Printing Market by Vertical
·
Aerospace & Defense
·
Engineering
·
Healthcare
·
Consumer Products
·
Automotive
·
Jewelry
·
Education
·
Energy
·
Architecture and Construction
·
Printed Electronics
·
Food and Culinary
3D
Printing Market by Technology
·
Stereolithography (SLA)
·
Fused Deposition Modeling (FDM)
·
Selective Laser Sintering (SLS)
·
Direct Metal Laser Sintering (DMLS)
·
PolyJet/MultiJet Printing (MJP)
·
Inkjet Printing
·
Electron Beam Melting (EBM)
·
Laser Metal Deposition (LMD)
·
Direct Light Projection (DLP)
·
Laminated Object Manufacturing (LOM)
·
Others
3D
Printing Market by Region:
·
Asia Pacific
o China
o Japan
o India
o Rest
of APAC
·
North America
o United
States of America
o Canada
·
Europe
o United
Kingdom
o Germany
o France
o Spain
o Rest
of Europe
·
RoW
o Brazil
o South
Africa
o Saudi
Arabia
o UAE
About GMI
Research
GMI Research is a market research and consulting firm which
provides market insights and intelligence across 12 major sectors helping our clients
in making effective investment and business decisions.
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