3D printing is also recognized as desktop fabrication or additive printing technology. It allows manufacturers to develop the objects using a digital file & various printing materials. The materials used in 3D printing include various types of metals, polymers, and ceramics. 3D printing provides a variety of methodologies that can make the manufacturing of complex designs an apparent reality.
As per study, “Global 3D Printing Market 2020-2030 by Component (3D Printers, Consumables, Software, Service), Process and Technology, Use Type (Commercial, Personal), Application, Industry Vertical, and Region: Trend Forecast and Growth Opportunity” some of the leading companies working in the global 3D printing market include 3D Systems Corporation, Beijing Tiertime Technology Co., Ltd., ARC Group Worldwide, Inc., Cookson Precious Metals Limited, Arcam Ab (General Electric), Electro Optical Systems (EOS) GmbH, Autodesk, Inc., Exone Company, Carbon, Inc., Groupe Gorge, Concept Laser GmbH, Hoganas AB, Envisiontec GmbH, Koninklijke DSM N.V., GE Additive, Materialise NV, HP Inc., Nano Dimension Ltd., Markforged, Inc., Ponoko Limited, MCOR Technologies Ltd., Proto Labs, Inc., Optomec Inc., SLM Solutions Group AG, Organovo Holdings Inc., Stratasys Ltd., Renishaw PLC., The Exone Company, Solidscape, Taulman 3D, LLC, Voxeljet AG, Ultimaker BV and among others.
Based on printers’ type, 3D printing market is segmented as consumer/desktop 3D printers and industrial/commercial 3D printers. Based on consumable (material type), market is segmented as metals & metal alloys, biocompatible material, plastics & polymers, ceramics, laywood, paper, wax, and other materials. Based on form type, market is segmented as powder, filament and liquid. Based on software, market is segmented as design, embedded AI software, scanning, printing, and inspection. Based on process & technology, market is segmented as material jetting, vat photo-polymerization, material extrusion, binder jetting, sheet lamination, powder bed fusion, directed energy deposition and others. Vat photo-polymerization is further sub-segmented as Digital Light Processing (DLP), Stereolithography (SLA) and Continuous Liquid Interface Production (CLIP). Material extrusion further sub-segmented as Fused Filament Fabrication (FFF) and Fused Deposition Modeling (FDM). Additionally, power bed fusion is further sub-segmented as Selective Laser Sintering (SLS), Multi Jet Fusion (MJF), and Direct Metal Laser Sintering (DMLS). Based on use type, market is segmented as personal and commercial. Based on application, market is segmented as tooling, prototyping, functional part manufacturing and others. In addition, based on industrial vertical, market is segmented as aerospace & defense, industrial manufacturing, automotive, construction, food & culinary, education, construction, power & energy, consumer goods & manufacturing and other verticals.
The3D printing market is driven by increase in ability to provide customized products, followed by growth in use of 3d printing in the automotive industry, efficient logistic management and growth in development of new industrial-grade 3D printing materials. However, lack of skilled labor and high cost of 3D printing may impact the market. Moreover, increase in use of construction medical implants and underwater printing is a key opportunity for market. Furthermore, threat of copyright infringement and ensuring product quality are major challenges for global market.
Based on regional analysis, the North-America region dominates the global 3D printing market owing to growth in adoption of additive manufacturing across the region. The Europe and Asia-pacific regions are anticipated to witness higher growth rate due to surge in automotive and healthcare industries over the forecast period.
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Ankur Gupta, Head Marketing & Communications