3D printing, also called as additive manufacturing refers to a process used for making three-dimensional solid objects using a 3D digital model. As the name suggests, this is achieved by using additive processes whereinthe desired object is created by placing successive layers of the raw material. Unlike traditional manufacturing, there is no drilling, cutting, welding involved in the process. This makes 3D printing clean, fast and efficient manufacturing process with minimal wastage of raw materials. 3D printing technology has found application across various sectors such as automotive, healthcare, construction, jewelry and others. Some of the most popular technologies used in 3D printing include polyjet, fused deposition modeling (FDM), selective laser sintering (SLS) andstereolithography (SLA) among others.

The most significant factor fueling the market growth is the high precision and efficiency of 3D printing process over traditional manufacturing. Since the manufacturing process is based upon a digital model, the products are easier to customize and manufacture. Additionally, 3D printing enables optimum use of material thereby reducing the overall raw material loss. Considering the strong potential of 3D printing, various global tech giants are heavily investing upon the technology through acquisition of other players in the market. Subsequently, the 3D printing market is estimated to register exponential growth worldwide in the coming years. Nevertheless, major factor hindering the market growth is the high initial cost especially in the case of individual user. The software tools required for operating 3D printing too are costly making the overall manufacturing process inflated. In addition, 3D printing requires skilled labor which becomes a challenge for the industry growth.

The report titled “Global 3D Printing Market - Growth, Share, Opportunities and Competitive Analysis, 2023 – 2030” offers strategic insights into the global 3D printing market along with the market size and estimates for the duration 2023 to 2030. The said research study covers in-depth analysis of multiple market segments based on technology types, applications and cross-sectional study across different geographies. The study covers the comparative analysis of different segments for the years 2021 & 2030. The report also provides a prolific view on market dynamics such as market drivers, restraints and opportunities.

3D Printing Market By Application

As of 2021, the global 3D printing market is dominated by the electronics and consumer products segment. The segment comprises various mobile device antennas, circuit boards, sensor structures and other consumer products. 3D printing is highly helpful in producing high precision products with critical dimensions. With the rising miniaturization of electronic products, it becomes difficult to manufacture components of electronic devices using traditional processes. As a result, 3D printing is expected to continue witnessing strong growth within the electronics and consumer products segment.

The healthcare segment is expected to register the highest growth in the overall 3D printing market in the coming years. 3D printing is considered among the most dynamics and revolutionizing technologies used in the medical sector. The technology can be used for making prosthetics and precise medical devices. This is expected greatly revolutionize the medical treatment in the coming years. Thus, the 3D printing technology holds huge potential in the healthcare sector and is expected to witness high adoption in the near future.

3D Printing Market By technology

The 3D printing market comprises large number of technologies for different applications. PolyJet, stereolithography(SL), fused deposition modelling (FDM), electron beam melting andselective laser sintering (SLS) are among the most popular technologies used for 3D printing. Amongst these, polyjet 3D printing segment accounts for the largest share, in terms of revenue, in the global 3D printing market. The PolyJet technology segment is followed by the FDM technology.

PolyJet technology offers high precision and smooth surfaces on the finished product. Another significant advantage offered by the PolyJet printing technology is that a number of materials can be used for a single prototype. Moreover, PolyJet 3D printing is faster as compared to various other technologies. As a result, the segment is estimated to retain its dominant position in the market throughout the forecast period.

3D Printing Market By Geography 

As of 2021, the 3D printing market worldwide is dominated by the North America region. The North America segment contributes to more than one third of the total revenue generated worldwide, as of 2021. The region experience strong penetration of 3D printing technology across various applications. Additionally, the region enjoys presence of large number of players thereby supporting the market growth.

The Asia Pacific region is expected to register the highest growth in the coming years. The market growth here is mainly supported by China and Japan having strong adoption rate of 3D printing technology. Further, the Middle East & Africa region too is estimated to witness strong growth in the coming years. The growth is majorly expected from the GCC countries segment.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of 3D Printing market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the 3D Printing market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of 3D Printing market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the 3D Printing market?
• Which is the largest regional market for 3D Printing market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving 3D Printing market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the 3D Printing market worldwide?