IMARC Group, a leading market research company, has recently releases report titled “3D Printing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” The study provides a detailed analysis of the industry, including the global 3D printing market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights
How Big is the 3D Printing Market?
|
Report Attributes |
Details |
|
Market Size in 2022 |
US$ 19.8 Billion |
|
Market Forecast in 2028 |
US$ 67 Billion |
|
Growth rate (2023 to 2028) |
CAGR of 21.4% |
|
Base Year of the Analysis |
2022 |
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Forecast Period |
2023-2028 |
What is 3D Printing?
3D printing, also known as additive manufacturing, is a technology that enables the creation of three-dimensional objects by layering materials one on top of another. One of the key characteristics of 3D printing is its ability to produce complex shapes and structures that are challenging or impossible to achieve using traditional manufacturing methods. It allows for precise customization and rapid prototyping, thereby reducing the time and cost associated with product development. The features of 3D printing include material versatility, as it can use various materials, such as plastics, metals, ceramics, and even living tissues. It offers design freedom, allowing for the creation of complex geometries and intricate patterns. Additionally, 3D printing is known for its layer-by-layer construction, which provides high precision and accuracy in the manufacturing process. The application of 3D printing spans across multiple industries, such as the automotive, aerospace, defence, architecture, and education.
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What Are the Growth Prospects and Trends in the 3D Printing Market?
The continuous advancements in 3D printing technology, such as improved printing speed, higher resolution, and increased material options, are influencing the market growth positively. Moreover, 3D printing enables cost savings by reducing material wastage, optimizing production processes, and eliminating the need for tooling or moulds, thereby propelling the market growth. In addition to this, 3D printing enables customization and personalization of products, thus catering to individual needs and preferences. This, in turn, is acting as a major growth-inducing factor. 3D printing allows for quick and cost-effective prototyping, accelerating product development cycles and reducing time to market, driving the market growth. 3D printing also enables decentralized manufacturing, reducing dependence on global supply chains and enabling on-demand production, which is contributing to the market growth. The additive manufacturing in 3D printing minimizes material waste and energy consumption, making it an environmentally friendly manufacturing solution, thereby boosting the market growth.
3D printing is extensively utilized in the healthcare industry in the production of patient-specific implants, prosthetics, and anatomical models. In line with this, 3D printing is widely adopted in dentistry for producing dental models, aligners, surgical guides, and customized dental prosthetics, which is pushing the market forward toward growth. Artists and designers are leveraging 3D printing to produce unique sculptures, installations, and functional art pieces, which is driving the growth of the market. Furthermore, 3D printing allows for on-demand production of consumer goods, personalized accessories, and customized products, thereby enhancing the consumer experience. In line with this, fashion and jewellery designers are leveraging 3D printing to produce unique jewellery designs and innovative fashion accessories, which is leading the market toward growth. The extensive utilization of 3D printing in the education industry for improving the quality of subjective illustrations and simplification of complicated concepts through interactive visualizations is driving the market toward growth. Other factors, such as increasing usage of 3D printing in manufacturing lightweight and complex components of aircraft, spacecraft, and defence equipment, are creating a positive outlook for the market across the globe.
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Note: In this report you will get detailed analysis of the market, growth analysis graphs, historical period analysis, forecast period analysis, major market segmentation, top leading key players of the market, table of content, list of figures, and list of tables.
Who Are the Key Players Operating in the 3D Printing Industry?
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
What is Included in Market Segmentation?
The report has categorized the market based on technology, process, material, offering, application, end-user and region.
Breakup by Technology:
- Stereolithography
- Fused Deposition Modeling
- Selective Laser Sintering
- Electron Beam Melting
- Digital Light Processing
- Others
Analyzed by Process:
- Binder Jetting
- Directed Energy Deposition
- Material Extrusion
- Material Jetting
- Powder Bed Fusion
- Sheet Lamination
- Vat Photopolymerization
Based on Material:
- Photopolymers
- Plastics
- Metals and Ceramics
- Others
Analyzed by Offering:
- Printer
- Material
- Software
- Service
Breakup by Application:
- Prototyping
- Tooling
- Functional Part Manufacturing
Based on End-User:
- Consumer Products
- Machinery
- Healthcare
- Aerospace
- Automobile
- Others
Regional Analysis:
- Europe
- North America
- Asia Pacific
- Middle East and Africa
- Latin America
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Key Highlights of The Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- 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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