The global 3D printing market is predicted to reach a market worth USD 27.7 billion by 2023 and USD 186.4 billion by 2033, with a CAGR of 21% from 2023 to 2033.
Many substances are now potentially 3D-printable resulting in a significant demand for 3D printers in the current worldwide market. In addition, mixed-material printers are becoming common and strengthening the 3D printing industry due to their applicability in a variety of end-use sectors.
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Modeling, prototyping, and forging are some of the most prominent industrial applications driving 3D printing adoption across multiple sectors. Furthermore, academic institutions and study centers are using flash forge 3D printers for technical training and studies, in turn boosting the market.
There is a growing trend in the 3D printing sector, particularly among small businesses that are expanding their service range to include DIY 3D printers. For example,
- “Fabshops” are becoming increasingly popular in the United States to provide 3D printing of components and objects based on the designs and requirements provided by clients. Such changes are expected to raise the key trends and opportunities in the 3D printing market over the forecast period.
In 2022, North America dominated the worldwide 3D printing market. This is due to the widespread use of additive manufacturing in a range of production processes in the United States and Canada.
Key Takeaways
- In the United States, the net worth of the 3D printing market recorded USD 6 billion in 2022.
- In 2022, the Direct Metal Laser Sintering (DMLS) segment earned USD 5.3 billion in revenue.
- North America dominated the global 3D printing market in 2022 and held more than 40% of total revenue.
- By 2023, the hardware sector is estimated to account for more than 52% of total revenue, dominating the global 3D printing market.
Competitive Landscape
The worldwide 3D printing market is expanding as new rivals enter the market. Industry 4.0 has infused rising trends in the 3D printing industry as a critical component in this movement, producing enough demand prospects for global and regional market competitors.
- PostProcess Technologies and EOS have formed a distribution collaboration as of October 2022 with the goal to supply EOS clients with a totally automated and long-lasting depowering solution. The Variable Acoustic Displacement (VAD) technology solution, which is based on PostProcess, might streamline bulk depowering for 3D printed products and expand the EOS printer product line.
- Imaginarium, one of the globe’s leading manufacturers of 3D printing systems and complex manufacturing techniques, unveiled the launching of its line of desktop and industrial 3D printers in February 2022 in collaboration with 3D printing behemoth Ultimaker.
Key Players
- Stratasys, Ltd.
- Materialise
- EnvisionTec, Inc.
- 3D Systems, Inc.
- GE Additive
- Autodesk Inc.
- Made In Space
- Canon Inc.
- Voxeljet AG
- SLM Solutions
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Valuable Insights
Future Market Insights, in its new offering, presents an unbiased analysis of the global 3D printing market presenting a historical analysis from 2018 to 2022 and forecast statistics between 2023 and 2033.
The study reveals essential insights By Component (3D Printers, 3D Printing Services, 3D Printing Software, Consulting Services, Support Services, Others), Technology(Digital Light Processing (DLP), Direct Metal Laser Sintering (DMLS), Electron Beam Melting (EBM), Fused Deposition Modelling (FDM), Selective Laser Sintering (SLS), Stereolithography, Others), Application (Production Parts, Prototypes, Tools & Fixtures, ), Industry (Aerospace & Aeronautics, Automotive, Consumer Goods, Healthcare & Medical Devices, Industrial, Others ) & region.
3D Printing Market by Segmentation
By Component:
- 3D Printers
- 3D Printing Services
- 3D Printing Software
- Consulting Services
- Support Services
- Others
By Technology:
- Digital Light Processing (DLP)
- Direct Metal Laser Sintering (DMLS)
- Electron Beam Melting (EBM)
- Fused Deposition Modelling (FDM)
- Selective Laser Sintering (SLS)
- Stereolithography
- Others
By Application:
- Production Parts
- Prototypes
- Tools & Fixtures
By Industry:
- Aerospace & Aeronautics
- Automotive
- Consumer Goods
- Healthcare & Medical Devices
- Industrial
- Others
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- South Asia and Pacific
- East Asia
- The Middle East and Africa
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