Dublin, Aug. 21, 2024 (GLOBE NEWSWIRE) -- The "Global Markets for 3D Printing" report has been added to ResearchAndMarkets.com's offering.
The global market for 3D printing is forecast to grow from $18 billion in 2024 to $29.4 billion by 2029, at a compound annual growth rate (CAGR) of 10.2%.
As the penetration of 3D printers increases along with investments in machines and materials, companies are leveraging this technology to bring about changes in industries such as healthcare, aerospace and defense, and automotive. For example, in-house 3D printing allows medical device developers to reduce costs and time to market, enabling agile product development and novel final-use parts.
The 3D printing market is growing significantly, driven by technological advances, by increasing demand for personalized medical solutions, and by the adoption of innovative manufacturing methods across various sectors.
Technological Advances and Applications
3D printing is a cornerstone of Industry 4.0, encompassing digital transformation and advanced manufacturing. It enables on-demand, customized production with reduced waste and increased efficiency, aligning with the smart factory concept. Integrating artificial intelligence (AI)-powered predictive maintenance in additive manufacturing optimizes resource utilization and reduces waste, particularly in metal 3D printing processes. These combined advances drive significant transformation in the 3D printing market, creating new possibilities in various industries such as healthcare, aerospace and defense, and automotive.
Technological advances in 3D printing rapidly expand its capabilities and applications across various industries. The development of new industrial-grade materials, including high-performance thermoplastics, advanced metal alloys, and specialized photopolymers, has produced more durable and functional end-use parts. This has facilitated the transition of 3D printing from primary prototyping to viable manufacturing for aerospace, automotive, and healthcare industries.
The applications of 3D printing continue to diversify, with significant developments in healthcare, aerospace, and construction. In healthcare, 3D printing is used to create personalized medical devices and surgical models, and it might have the potential for printing organs and tissues. The aerospace industry is leveraging additive manufacturing to produce complex, lightweight components that enhance aircraft performance and fuel efficiency. In construction, 3D printing is revolutionizing house building, offering faster construction times, reduced waste, and the potential for more affordable housing solutions. Emerging applications such as underwater 3D printing for marine construction and repair and microfluidic 3D printing for creating miniaturized devices further demonstrate the technology's versatility and the potential for innovation across sectors.
Report Scope
This report provides an overview of the global 3D printing market and analyzes market trends. It includes an updated review of the 3D printing market's product segments, technology, applications, printer types, and end-use industry segments. Using 2023 as the base year, the report provides estimated market data for 2024 through 2029.
The report analyzes the global market revenue ($ millions) with regard to product segments, technology, applications, printer types, end-use industries, and geographic regions.The report also focuses on emerging technologies and the vendor landscape. It concludes with profiles of the major players in the market.
The Report Includes
- 70 data tables and 68 additional tables
- An analysis of the current and future global markets for 3D printing
- Analyses of global market trends, with market revenue data for 2023, estimates for 2024, forecasts for 2025, 2026, and projected CAGRs through 2029
- Estimates of the market size and revenue forecasts for the global 3D printing market, with market share analysis by product segments, printer type, technology, application, end-use industry and region
- Discussions of the market dynamics, opportunities and challenges, as well as emerging technologies
- Overview of the sustainability trends and ESG developments in the industry, with emphasis on the ESG practices of leading companies, their ESG scores, and consumer attitudes
- Competitive intelligence, including companies' market shares, recent M&A activity and venture funding
- Profiles of the leading companies, including 3D Systems Corp., EOS, Stratasys Ltd., Materialise and Desktop Metal Inc.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 176 |
| Forecast Period | 2024 - 2029 |
| Estimated Market Value (USD) in 2024 | $18 Billion |
| Forecasted Market Value (USD) by 2029 | $29.4 Billion |
| Compound Annual Growth Rate | 10.2% |
| Regions Covered | Global |
Key Topics Covered:
Chapter 1: Executive Summary
Chapter 2: Market Overview
- Current Market Scenario
- Macroeconomic Factors Analysis
- Additive Manufacturing Reshoring
- Impact of Inflation and Rising Operating Costs
- High Interest Rates and Credit Constraints
- Geopolitical Tensions and Supply Chain Constraints
- Porter's Five Forces Analysis
- Case Studies
- Market Regulations
- Regulatory Bodies, Standard Organizations, and Government Agencies Pertaining to 3D Printing
- Value Chain Analysis
- Research and Development (R&D)
- Product Design
- Regulatory Approval and Compliance Checks
- Manufacturing
- Post-processing
- Commercialization
Chapter 3: Market Dynamics
- Market Drivers
- Limitations of Traditional Manufacturing and the Potential of Additive Manufacturing
- Growing Use of 3D Printing across Healthcare and Aerospace Sectors
- Market Restraints
- Risk of Intellectual Property Theft
- Poor Energy Efficiency of Industrial 3D Printing
- Market Opportunities
- Emergence of 3D Printed Electronics
- Use of 3D Printing in Construction of Houses and in Underwater Printing
- The Emerging Usage of Blockchain Technology in 3D Printing
Chapter 4: Emerging Technologies and Developments
- Additive Manufacturing as a Pillar of Industry 4.0
- Microfluidic 3D Printing
- AI-powered Predictive Maintenance for 3D Printing
- Patent Analysis
- Patent Review by Year
- Latest Granted Patents
Chapter 5: Market Segmentation Analysis
- Market Breakdown by Product Segment
- Software and Services
- Hardware and Consumables
- Market Breakdown by Technology
- Material Extrusion
- Powder Bed Fusion
- Vat Polymerization
- Material Jetting
- Binder Jetting
- Direct Energy Deposition
- Market Breakdown by Printer Type
- Commercial/Industrial Printers
- Desktop/Consumer Printers
- Market Breakdown by Application
- Prototyping
- Tooling
- Final Product Manufacturing
- Market Breakdown by End-Use Industry
- Medical and Dental
- Aerospace and Defense
- Automotive and Transportation
- Electronics and Consumer Goods
Chapter 6: Competitive Intelligence
- Key Players Market Ranking
- Stratasys Ltd.
- 3D Systems Corp.
- Materialise NV
- EOS GmbH
- Desktop Metal Inc.
Chapter 7: Sustainability in 3D Printing Industry: An ESG Perspective
Company Profiles
- 3D Systems
- Autodesk
- Carbon
- Desktop Metal
- EOS
- FabRx Ltd.
- Formlabs
- GE Aerospace
- HP Inc.
- Markforged Holding
- Materialise
- Nano Dimension
- Nikon SLM Solutions
- Prodways Group
- Proto Labs Inc.
- Regenhu
- Renishaw.
- Stratasys Ltd.
- Ultimaker
- Voxeljet
For more information about this report visit https://www.researchandmarkets.com/r/rc824v
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