Connect with us

Hi, what are you looking for?

The Global 3D Printing Market size was valued at USD 13.84 Billion in 2021, and it is expected to reach a value of USD 51.95 Billion by 2028, at a CAGR of 20.8% over the forecast period (2022 – 2028).

According to the latest research published by SkyQuest Technology, the global 3D printing market was valued at US $13.84 billion in 2021, and it is expected to reach a value of US$ 51.95 billion by 2028, at a CAGR of 20.8% over the forecast period (2022 – 2028). The research provides up-to-date analysis of market that primarily includes current market landscape, latest trends, drivers, and overall market environment.

Government investments in 3D printing projects, the ease of creating customised items, lower manufacturing costs and downtime, the creation of new industrial-grade 3D printing materials, and others are all driving the global 3D printing market growth. 3D printing allows for the production of intricate designs that are impossible to make using conventional manufacturing methods. Traditional manufacturing techniques rely on the removal of raw materials to produce finished goods. Contrarily, additive manufacturing refers to the process of 3D printing, which constructs a product layer by layer. The most popular 3D printing techniques are, among others, Fused Deposition Modeling (FDM), Direct Metal Laser Sintering (DMLS), Laser Sintering (LS), Multi Jet Fusion (MJF), Binder Jetting, and Stereolithography (SL). Manufacturing companies from a variety of sectors, including aerospace, defence, industrial equipment, medical, and automotive, are all progressively using 3D printing services and solutions.

Know more https://skyquestt.com/report/3d-printing-market

It is projected that the increased use of 3D printing in the healthcare sector, applications in numerous industries, and enhanced manufacturing techniques would create profitable prospects for the global 3D printing market expansion throughout the course of the forecast period. However, the main challenge preventing the industry from expanding is the absence of standard process control, as well as the restricted supply and high cost of 3D printing materials.

Industrial 3D printers to dominate the global 3D printing market over the forecast period
These printers can be employed for domestic, commercial, and industrial printing needs. These printers can be configured to print any component or module continuously, lowering material costs and assuring minimal or no waste. The industrial sector’s increasing need for 3D printing is influenced by its extensive use for tooling, designing, and prototyping.

Read market research report, ” Global 3D printing market by component (Hardware, Software, and Services), By printer type (Desktop 3D Printer and Industrial 3D Printer), By software (Design Software, Inspection Software, Printer Software, and Scanning Software), By technology (Stereolithography, Fuse Deposition Modelling, Selective Laser Sintering, Direct Metal Laser Sintering, Polyjet Printing, Inkjet Printing, and Others), By application (Prototyping, Tooling, Functional Parts), By material (polymer, metal, ceramic), By vertical (Automotive, Aerospace & Defence, Healthcare, Consumer Electronics, Industrial, Power & Energy, and Others) & By Region – Forecast and Analysis 2022-2028” by SkyQuest
Rise in the use of the software to create object and part designs to support growth of global 3D printing market

Get sample report https://skyquestt.com/sample-request/3d-printing-market

The most widespread use of hardware for producing 3D printed materials is expected to dominate the global 3D printing market over the forecast period. The need for hardware is expanding as the key companies are enhancing their product portfolio and developing new technologies to service increased demand from numerous business verticals. Companies are making investments in R&D projects, which is good for the market’s expansion.

The software is expected to grow at a high CAGR over the projection period. To design the items and parts that will be printed, 3D printing software is widely utilised in a variety of industry verticals. The use of 3D software to print prototypes of various manufacturing parts has increased as manufacturing organisations move away from conventional manufacturing techniques.

Fused Deposition Modeling (FDM) Technology to be at Forefront

Fused Deposition Modeling (FDM) technology dominated the global 3D printing market in 2021. FDM is expanding primarily as a result of the advantages and simplicity of use that come with the technology. The creation of robust, sturdy, and dimensionally stable parts uses FDM technology extensively.
During the forecast period, Direct Metal Laser Sintering (DMLS/SLM) technology is projected to grow rapidly. Since the technique makes it possible to produce intricate metal geometries in extremely small scales, it is well suited for the industrial sector because it encourages the manufacture of high-quality metal components.

Prototyping to capture the largest market share in the global 3D printing market
The prototyping process accounted for the largest market share in 2021 since it is widely used across a variety of vertical industries. Businesses can produce end goods with higher consistency and precision by using prototypes. Computer-aided design (CAD) models and prototypes in three dimensions can be produced with the use of this technology.

Production is expected to expand significantly during the forecast period. The usage of this technology to manufacture complex and low-volume items is expected to grow during the forecast period, even as enterprises migrate their traditional production units to advanced manufacturing methods.
North america to dominate global 3d printing market due to resilient and well-regulated financial market

North America held the largest market share globally, mostly because industrialised nations like Canada and the U.S. are investing more money in modern manufacturing technologies. Additionally, a number of government organisations, including the National Aeronautics and Space Administration (NASA), have identified significant R&D investments that can significantly advance space applications and produce new technologies that stimulate corporate growth.

The second-largest market share in the world is held by Europe. Small and medium-sized businesses that need quick, dependable, and affordable prototypes for manufacturing have a significant need for this technology. The industrial and semiconductor industries are predicted to embrace this technology at a rapid rate in the regional market.

Speak to Analyst https://skyquestt.com/speak-with-analyst/3d-printing-market

Competitive Landscape
The major market competitors are concentrating on providing cutting-edge and ground-breaking solutions to meet the expanding needs of industries. To offer cutting-edge products and services, these major firms are funding research and development. For the purpose of delivering solutions of the future, they are forming strategic partnerships and working together. These businesses provide consumer-focused solutions to aid in accelerating corporate growth. Similar to this, the major companies are eager to provide a wide variety of 3-dimensional materials to expand across all applications in industries.
The report published by SkyQuest Technology Consulting on global 3d printing market provides in-depth qualitative insights, historical data, and verifiable projections. The projections featured in the report have been derived using proven research methodologies and assumptions.

Key Dynamics in 3D Printing Market
• Drivers:
o Significant Government and Technology Investments to Promote Market Growth
o Ease in the development of customised products
• Restraints:
o High initial investments to restrict market growth

What does this Report Deliver?
• Market Estimation for 20+ Countries
• 3D Printing market demand by Region, Sub-Region, and Country
• Customization on Segments, Regions, and Company Profiles
• 100+ tables, 150+ Figures
• Global, Regional, and Country specific 3D Printing market Trends
• Comprehensive Mapping of Non-fungible tokens Industry Parameters
• Attractive Investment Proposition in the Global Non-fungible tokens Industry
• Competitive Strategies Adopted by 3D Printing market Key Players
• Drivers, Restraints, Opportunities, Challenges, and the impact on the 3D Printing market Size
• Market growth rate till 2028
• Regulatory scenario, regional dynamics, and 3D Printing market insights of leading countries in each region
• In-depth Market insights by Region and Country
• Market Segmentation Trend Analysis, Opportunities, and Growth
• Porter’s five force analysis to know the market’s condition
• Pricing Analysis and 3D Printing market Sales
• Parent market analysis
• Product portfolio benchmarking
SkyQuest has segmented the Global 3D Printing Market based on Component, Printer Type, Technology, Software, Application, Material, vertical, and Region:
• Global 3D Printing Market by Component (Revenue, USD Billion, 2022–2028)
o Hardware
o Software
o Services
• Global 3D Printing Market by Printer Type (Revenue, USD Billion, 2022–2028)
o Desktop 3D Printer
o Industrial 3D Printer
• Global 3D Printing Market by Technology (Revenue, USD Billion, 2022–2028)
o Stereolithography
o Fuse Deposition Modelling
o Selective Laser Sintering
o Direct Metal Laser Sintering
o Polyjet Printing
o Inkjet printing
o Others
• Global 3D Printing Market by Software (Revenue, USD Billion, 2022–2028)
o Design Software
o Inspection Software
o Printer Software
o Scanning Software
• Global 3D Printing Market by Application (Revenue, USD Billion, 2022–2028)
o Prototyping
o Tooling
o Functional Parts
• Global 3D Printing Market by Material (Revenue, USD Billion, 2022–2028)
o Polymer
o Metal
o Ceramic
• Global 3D Printing Market by Vertical (Revenue, USD Billion, 2022–2028)
o Automotive
o Aerospace & Defence
o Healthcare
o Consumer Electronics
o Industrial
o Power & Energy
o Others
• Global 3D Printing Market by Region (Revenue, USD Billion, 2022–2028)
o North America
▪ US
▪ Canada
o Europe
▪ Germany
▪ France
▪ UK
▪ Italy
▪ Spain
▪ Rest of Europe
o Asia Pacific
▪ China
▪ India
▪ Japan
▪ Rest of Asia Pacific
o Central & South America
▪ Brazil
▪ Rest of CSA
o Middle East & Africa
▪ GCC Countries
▪ South Africa
▪ Rest of MEA

Key Players in the Global 3D Printing Market
• 3D Systems Corporation (U.S.)
• The ExOne Company (Germany)
• Voxeljet AG (Germany)
• Materialise NV (Belgium)
• Made in Space, Inc. (U.S.)
• Envisiontec, Inc. (Germany)
• Stratasys Ltd. (U.S.)
• HP, Inc. (U.S.)
• General Electric Company (GE Additive) (U.S.)
• Autodesk Inc. (U.S.)

About Us-
SkyQuest Technology Group is a Global Market Intelligence, Innovation Management & Commercialization organization that connects innovation to new markets, networks & collaborators for achieving Sustainable Development Goals.

Contact Us-
SkyQuest Technology Consulting Pvt. Ltd.
1 Apache Way,
Westford,
Massachusetts 01886
USA (+1) 617-230-0741
Email- info@skyquestt.com

Find Insightful Blogs :

https://skyquestt.com/insights

 

Written By

You may also like:

Tech & Science

University of Sydney researchers have developed an AI application using cartoons from The New Yorker to help people be funnier.

World

US President Joe Biden has been trying to avoid a regional war that could suck the United States back into the Middle East -...

Tech & Science

OWASP’s goal is to help organizations find problems with their web applications, application code, and server frameworks.