The Global 3D Printing Market is estimated to reach USD 39.5 Billion in 2024 at a CAGR of 24.6%; Says by Forencis Research (FSR). Growing use of 3D printing in automotive industry and rising demand for prototyping and mass customization are expected to drive the 3D printing market during the forecast period. However, high initial investment and required maintenance expertise is expected to restrain the market during the forecast period. Use of 3D printing in aerospace industry is expected to become an opportunity for 3D printing amarket during the forecast period.
3D printing is a process in which physical objects are generated by depositing materials in layers-based on a digital model. 3D printing also referred as additive manufacturing which requires hardware, software, and materials to work together in same process. 3D printing can be used for creating simple parts and prototypes to high-end technological final products such as aero plane parts and eco-friendly building among others. Key players in 3D printing market are 3D Systems Inc., Autodesk Inc., Exon, Materialize, Proto Labs Inc., and Canon Inc. among others.
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3D Printing Market Report Synopsis
This market research report offers a comprehensive analysis of key market trends in the global 3D printing market. It includes detailed discussion on historical market trends, current market dynamics, consumer landscape, growth opportunities and challenges backed by factful feedbacks.
- On the basis of technology, the 3D printing market can be segmented into stereo lithography (SLA), digital light processing (DLP), fused deposition modelling (FDM), fused filament fabrication (FFF), selective laser sintering (SLS), selective laser melting (SLM), electronic beam melting (EBM), and laminated object manufacturing (LOM).
- By component, the market is segmented into printer type, material type, software, and services.
- On the basis of end use industry, the market is segmented into automotive, consumer electronics, consumer goods, aerospace & defence, healthcare, construction, and others.
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The growth of the 3D printing market so far can be attributed to several factors such as increased flexibility, reduced manufacturing costs, innovative 3D printing materials, less material wastage, and ease in development of customized objects. Also, 3D printing reduces the time-to-market (TTM) of products. Having realized the certain benefits and wide range of applications of 3D printing, almost every industry automotive, gaming, housing, healthcare, architecture, artificial limb manufacturing, food, and fashion and clothing—has adopted or is set to adopt this revolutionary technology.
3D printing technology has garnered the attention of many entrepreneurs and continues to draw millions of dollars in funding with increased number of innovative startups in the segment. The market players around the globe are contributing to prototyping and innovation, owing to which the market is set to reach multi-million dollars in value in the near future. Therefore, it is extremely important that we understand the ongoing trends in the world of 3D printing and try to identify the future trends that will shape the industry for years to come.
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3D Printing Market: Report Segmentation
For the scope of report, In-depth segmentation is offered by Forencis Research
3D Printing Market by Technology
- Stereo lithography (SLA)
- Digital Light Processing (DLP)
- Fused Deposition Modelling (FDM)
- Fused Filament Fabrication (FFF)
- Selective Laser Sintering (SLS)
- Selective Laser Melting (SLM)
- Electronic Beam Melting (EBM)
- Laminated Object Manufacturing (LOM)
3D Printing Market, by Component
- Desktop 3D Printers
- Industrial 3D Printers
- Scanning Software
- Printing Software
- Design Software
- Inspection Software
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3D Printing Market, by End Use Industry
- Consumer Electronics
- Consumer Goods
- Aerospace & Defense
3D Printing Market by Region
- North America
- Middle East and Africa
- South America
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About Forencis Research
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