The industrial 3D printing market refers to the use of additive manufacturing technology to create parts, prototypes, and finished products for a variety of industries, including aerospace, automotive, healthcare, and manufacturing. The market includes a range of solutions, such as 3D printing equipment, materials, software, and services.
Using a 3D printer and CAD-based 3D modelling software, 3D printing is an additive process for layer-by-layer construction of three-dimensional objects. Plastic is the most typical raw material used to make 3D objects. Other raw materials for 3D printing include resins, metal, carbon fibre, graphite and graphene, nitinol, and liquid or powder grains that are fused together. The opposite of subtractive manufacturing processes is 3D printing.
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The majority of 3D printing is done using techniques like Fused Deposition Modeling (FDM), Direct Metal Laser Sintering (DMLS), Electron Beam Melting (EBM), Selective Heat Sintering (SHS), Selective Laser Melting (SLM), Electron Beam Melting (EBM), Drop on Demand (DOD), and Material Jetting (MJ). All of these technologies are utilised in the creation of intricate aerospace components.
The industrial 3D printing market has been growing rapidly in recent years, driven by the increasing adoption of the technology in a range of industries and the benefits it offers, such as reduced lead times, lower costs, and improved design flexibility. The market is expected to continue to grow as the technology becomes more advanced and more widely adopted.
Overall, the industrial 3D printing market is expected to continue to grow in the coming years as more organizations adopt the technology and as the technology itself becomes more advanced and capable of producing more complex and functional parts and products. However, the market is also likely to become increasingly competitive, as more vendors enter the space and existing vendors continue to expand their offerings to meet the evolving needs of their customers.
What is the impact of COVID-19 pandemic on the market growth?
The global 3D printing market size is expected to reach nearly US$ 15 billion in 2021, and would grow at a CAGR of 25%, in the next 5 years, but the market in 2020 saw a drop of approximately 7-8%, in comparison to the pre-COVID 2020 prediction.
COVID-19 has disrupted the global industrial supply chains to a very large extent. This has impacted the supply and demand for 3D printers, 3D printing materials and other components, which has impacted the overall industrial 3D printing market.
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Competition Landscape
The key vendors in the Industrial 3D Printing Market are identified based on their country of origin, different regions, developments, product diversification, and industry expertise. These vendors include-
- Stratasys
- 3D Systems
- Materialise
- EOS GmbH
- GE Additive
- ExOne
- voxeljet
- SLM Solutions
- EnvisionTEC
- HP
- Electro-Optical Systems
- Concept – Laser GmbH
Key Segments of Industrial 3D Printing Covered in the Report
Based on Component:
- 3D Printers
- 3D Printing Software
- 3D Printing Services
Based on Technology:
- SLA
- FDM
- SLS
- Others
Based on Application:
- Rapid Prototyping
- Tools & Fixtures
- Production Parts
- Others
Based on End Users:
- Automotive
- Healthcare & Medical Devices
- Oil & Gas
- Electronics & Electricals
- Others
Based on Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Pacific
- Middle East & Africa
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About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
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