The global 3D printing market has been accumulating lucrative opportunities owing to the rising use of technology. The growing awareness about the uses and the benefits of the 3D printing in place of indigenous manufacturing methods will further add to the growth of the market. In addition, continuous innovation in technology and services and devices based on it are also forcing in adopting the changing technologies.
3D printing has simplified ways of working in the manufacturing sector, customization of products, styling, and designing all have grown adequately. High material cost and lack availability of standardized process may slow down the growth of 3D printing market. However, by imparting more knowledge about the 3D printing technique, growing uses in jewelry making, designing printed electronics and in various other areas the market will flourish in forthcoming years.
The global market for 3D printing has created lucrative opportunities for the players. The market valuation is expected to cross US$ 32.3 bn by the end of 2025 that was US$ 7.3 bn in 2016. The market is projected to expand with an impressive CAGR of 18% during the forecast period between 2017 and 2025. These analyses will help the players to take better and well-evaluated decisions for their business to grow effectively.
The global 3D printing market is categorized on the basis of use, technology, and application. By considering the use of 3D printing, this category is bifurcated into commercial use and personal use. Rapid growth in manufacturing, mass customization, rise in prototype, and bulk production are the factors responsible for using 3D printing for commercial use. As of 2016, this segment held more than half of the demand shares and the revenue was US$ 5.93 bn.
As per technology, the market is segmented into polyJet, stereolithography (SLA), selective laser sintering (SLS), fused deposition modeling (FDM), and others. Among these, polyjet is leading the market and accounts for 41% of the total market share. In terms of volume, the FDM segment holds the highest number of shares. This dominance is due to the higher preference for personal and commercial use of FDM printers. The application of FDM is also significant in various industries ranging from automotive to consumer goods.
Based on application, the 3D printing market is segmented into medical, industrial and business machines, education, consumer products and electronics, architecture, automotive, aerospace, military and defense, and others. From all these segments, consumer products and electronics are dominating the market followed by the automotive sector. The growth in 3D printing is expanding in the automotive sector as it is highly used for printing interior parts such as gearbox handle, gears, engines, shafts, brakes, and spare parts. It is also used to print external parts such as doors, window frames, steering handle, body parts, head, and taillights.
The growth of the 3D printing market is projected to dominate in North America as the region holds a leading position by using this technology at a high rate. As the prominent players of the market are established in the U.S. this factor is acting as the major driver with which North America is leading the global market. Growing awareness about the benefits of using 3D printing mainly in the household and commercial sector. The second region to lead after North America is Europe. Italy, Germany, France, and Sweden are the major countries offering lucrative opportunities for the players to grow in the 3D printing market.
Emerging countries are also showing high growth results for 3D printing. According to the analysis, Asia Pacific displays by the far the best CAGR during the forecast period among all the regions. The Asia Pacific is projected to reach a valuation of US$ 8.2 bn by the end of 2025.
The report also gives a complete market analysis in which there are three players holding strong position namely, Solidscape, Inc., Stratasys, Ltd., and EOS GmbH. Some of the other key players are also mentioned such as Concept Laser GmbH, Arcam AB, Voxeljet Technology GmbH, SLM Solutions GmbH, and ExOne GmbH.
Global 3D Printing Market Segmentation
by Use |
|
by Technology |
|
by Application |
|
by Geography |
|
List of Figures
Figure 1: Market Revenue Projections, 2015 – 2025 (US$ Mn)
Figure 2: Market Growth Forecast, 2016 - 2025, Y-o-Y (%)
Figure 3: Market Value Share By Use (2017)
Figure 4: Market Value Share By Technology (2017)
Figure 5: Market Value Share By Application (2017)
Figure 6: Market Value Share By Geography (2017)
Figure 7: Global 3D Printing Market Value Share Analysis, By Use, 2017 and 2025
Figure 8: Commercial Use Graph
Figure 9: Personal Use Graph
Figure 10: 3D Printing Market Attractiveness Analysis, By Use
Figure 11: Global 3D Printing Market Value Share Analysis, By Technology, 2017 and 2025
Figure 12: PolyJet Graph
Figure 13: FDM Graph
Figure 14: SLS Graph
Figure 15: SLA Graph
Figure 16: Others (SLM, DED, etc.) Graph
Figure 17: Global 3D Printing Market Forecast, By Technology
Figure 18: Global 3D Printing Market Value Share Analysis, By Application, 2017 and 2025
Figure 19: Consumer products/ Electronics Graph
Figure 20: FDM Graph
Figure 21: Medical/Dental Graph
Figure 22: Industrial Graph
Figure 23: Aerospace Graph
Figure 24: Government/Military Graph
Figure 25: Architectural Graph
Figure 26: Education Graph
Figure 27: Other (entertainment, food) Graph
Figure 28: Global 3D Printing Market Forecast, By Application
Figure 29: 3D Printing Market Attractiveness Analysis, By Region
Figure 30: North America 3D Printing Market Size (US$ Mn) Forecast, 2015–2025
Figure 31: North America 3D Printing Market Size Y-o-Y Growth Projections, 2016–2025
Figure 32: North America 3D Printing Market Revenue Share Analysis, By Use, 2017 and 2025
Figure 33: North America 3D Printing Market Revenue Share Analysis, By Technology, 2017 and 2025
Figure 34: North America 3D Printing Market Revenue Share Analysis, By Application, 2017 and 2025
Figure 35: North America 3D Printing Market Revenue Share Analysis, By Country 2017 and 2025
Figure 36: North America 3D Printing Market Attractiveness Analysis By Country
Figure 37: North America 3D Printing Market Attractiveness Analysis By Use
Figure 38: North America 3D Printing Market Attractiveness Analysis By Technology
Figure 39: North America 3D Printing Market Attractiveness Analysis By Application
Figure 40: Europe 3D Printing Market Size (US$ Mn) Forecast, 2015–2025
Figure 41: Europe 3D Printing Market Size Y-o-Y Growth Projections, 2016–2025
Figure 42: Europe 3D Printing Market Revenue Share Analysis, By Use, 2017 and 2025
Figure 43: Europe 3D Printing Market Revenue Share Analysis, By Technology, 2017 and 2025
Figure 44: Europe 3D Printing Market Revenue Share Analysis, By Application, 2017 and 2025
Figure 45: Europe 3D Printing Market Revenue Share Analysis, By Country, 2017 and 2025
Figure 46: Europe 3D Printing Market Attractiveness Analysis By Country
Figure 47: Europe 3D Printing Market Attractiveness Analysis By Use
Figure 48: Europe 3D Printing Market Attractiveness Analysis By Technology
Figure 49: Europe 3D Printing Market Attractiveness Analysis By Application
Figure 50: Asia Pacific 3D Printing Market Size (US$ Mn) Forecast, 2015–2025
Figure 51: Asia Pacific 3D Printing Market Size Y-o-Y Growth Projections, 2016–2025
Figure 52: Asia Pacific 3D Printing Market Revenue Share Analysis, By Use, 2017 and 2025
Figure 53: Asia Pacific 3D Printing Market Revenue Share Analysis, By Technology, 2017 and 2025
Figure 54: Asia Pacific 3D Printing Market Revenue Share Analysis, By Application, 2017 and 2025
Figure 55: Asia Pacific 3D Printing Market Revenue Share Analysis, By Country, 2017 and 2025
Figure 56: Asia Pacific 3D Printing Market Attractiveness Analysis By Country
Figure 57: Asia Pacific 3D Printing Market Attractiveness Analysis By Use
Figure 58: Asia Pacific 3D Printing Market Attractiveness Analysis By Technology
Figure 59: Asia Pacific 3D Printing Market Attractiveness Analysis By Application
Figure 60: Middle East and Africa 3D Printing Market Size (US$ Mn) Forecast, 2015–2025
Figure 61: Middle East and Africa 3D Printing Market Size Y-o-Y Growth Projections, 2016–2025
Figure 62: Middle East and Africa 3D Printing Market Revenue Share Analysis, By Use, 2017 and 2025
Figure 63: Middle East and Africa 3D Printing Market Revenue Share Analysis, By Technology, 2017 and 2025
Figure 64: Middle East and Africa 3D Printing Market Revenue Share Analysis, By Application, 2017 and 2025
Figure 65: Middle East and Africa 3D Printing Market Revenue Share Analysis, By Country, 2017 and 2025
Figure 66: Middle East and Africa 3D Printing Market Attractiveness Analysis By Country
Figure 67: Middle East and Africa 3D Printing Market Attractiveness Analysis By Use
Figure 68: Middle East and Africa 3D Printing Market Attractiveness Analysis By Technology
Figure 69: Middle East and Africa 3D Printing Market Attractiveness Analysis By Application
Figure 70: South America 3D Printing Market Size (US$ Mn) Forecast, 2015–2025
Figure 71: South America 3D Printing Market Size Y-o-Y Growth Projections, 2016–2025
Figure 72: South America 3D Printing Market Revenue Share Analysis, By Use, 2017 and 2025
Figure 73: South America 3D Printing Market Revenue Share Analysis, By Technology, 2017 and 2025
Figure 74: South America 3D Printing Market Revenue Share Analysis, By Application, 2017 and 2025
Figure 75: South America 3D Printing Market Revenue Share Analysis, By Country/Region, 2017 and 2025
Figure 76: South America 3D Printing Market Attractiveness Analysis By Country
Figure 77: South America 3D Printing Market Attractiveness Analysis By Use
Figure 78: South America 3D Printing Market Attractiveness Analysis By Technology
Figure 79: South America 3D Printing Market Attractiveness Analysis By Application
Figure 80: 3D Printing Market Share Analysis By Company (2016)