3D Printing Market Outlook
3D printing involves constructing three-dimensional objects from a computer-aided design (CAD) or a digital 3D model. The printing is done using the additive process in which the material is deposited, solidified, or joined layer by layer under controlled conditions. It helps create high-end 3D objects of any size and shape without using machines or molds.
The global 3D printing market reached a value of US$16 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$57.1 Billion by 2027, exhibiting at a CAGR of 24.1% during 2022-2027.
Thermoplastics, resins, metals, and ceramics are some of the common materials used in 3D printing. Currently, 3D printing is widely employed in the consumer electronics, automobiles, healthcare, and aerospace industries to provide solutions and services.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
3D Printing Market Trends:
The global market is primarily driven by the increasing implementation of 3D printing solutions for generating 3D models and creating vehicle prototypes in the automotive sector. In line with this, the rising product demand across the healthcare industry to customize hearing aid shells, tooth implants, and braces is acting as another growth-inducing factor. Moreover, 3D printing is employed in the aerospace industry to manufacture lighter aircraft structures, parts, and frames, which, in turn, is accelerating the market growth.
Additionally, key market players are launching innovative product variants to replace heavy-duty parts in automobiles with lightweight, energy-efficient, and cost-effective components, which is positively supporting the market growth. Besides this, the rapid adoption of the solution in the manufacturing sector and the emergence of metal 3D printing technologies are providing a considerable thrust to the market growth.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players.
- Stratasys
- 3D Systems
- Materialise
- EOS GmbH
- Ge Additive
- Exone
- Voxeljet
- HP
- SLM Solutions
- Envisiontec
- Protolabs
- Mcor Technologies
- Optomec
- Groupe Gorgé
- Ultimaker
- Renishaw
- Beijing Tiertime Technology
- Xyzprinting
Key Highlights of the Market Segmentation:
The report has categorized the market based on technology, process, material, offering, application and end-user.
Breakup by Technology:
- Stereolithography
- Fused Deposition Modeling
- Selective Laser Sintering
- Electron Beam Melting
- Digital Light Processing
- Others
Breakup by Process:
- Binder Jetting
- Directed Energy Deposition
- Material Extrusion
- Material Jetting
- Powder Bed Fusion
- Sheet Lamination
- Vat Photopolymerization
Breakup by Material:
- Photopolymers
- Plastics
- Metals and Ceramics
- Others
Breakup by Offering:
- Printer
- Material
- Software
- Service
Breakup by Application:
- Prototyping
- Tooling
- Functional Part Manufacturing
Breakup by End-User:
- Consumer Products
- Machinery
- Healthcare
- Aerospace
- Automobile
- Others
Breakup by Region:
- Europe
- North America
- Asia Pacific
- Middle East and Africa
- Latin America
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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