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Industrial 3D Printing Market: Current Analysis and Forecast (2022-2028)

Publisher UnivDatos Market Insights
Published Jan 12, 2022
Length 164 Pages
SKU # Univ17631859

Description

Industrial 3D Printing Market: Current Analysis and Forecast (2022-2028)

The industrial 3D printing market is expected to register a CAGR of approx. 20% over the period of 2022-2028. Industrial 3D Printing—also referred to as additive manufacturing—Industrial 3D Printing is an advanced manufacturing technology for the creation of a physical product from a computer-aided design (CAD) digital file. The popularity of industrial 3D printing methods, innovation in technology and rising industrial demands are all likely to contribute to the industrial 3D printing market. Manufacturing companies will invest more because it reduces labor costs and can produce goods locally, however, it requires heavy investment to use the 3D printing technology.

To fulfil the growing industrial demands, companies are taking initiatives for investment through partnerships. For instance, in November 2022, 3D systems announced that the company has partnered with WeMatter for expanding its 3D printing metal and polymer materials. Similarly, in November 2022, Stratasys ltd made strategic investment in axial3D with a purpose to make patient-specific 3D printing solutions for hospitals and medical device manufacturers more accessible so it becomes a mainstream healthcare solution.
  • Based on the component, the market is segmented into hardware, software and services. The hardware segment accounted for a significant market share and it is estimated that it will grow rapidly during the projected timeframe. Hardware is used more frequently in industrial 3D printing all over the world due to the global popularity of rising industrial demands and innovation in technology. The expansion of the hardware market is mostly credited to a number of factors, including quick industrialisation, rising consumer electronics penetration, improving civil infrastructure, quick urbanisation, and reduced labour costs.
  • Based on the application, the market is fragmented into prototyping, manufacturing and high voltage. The prototyping segment accounted for a significant market share and it is estimated that it will grow rapidly during the projected timeframe. Manufacturers build trustworthy final goods and attain improved precision through prototyping, and this is attributed to the extensive adoption of the prototyping process across several industry verticals.
  • Based on the technology, the market is fragmented into stereolithography (SLA), fused modelling deposition (FDM), selective laser sintering (SLS), direct metal sintering (DMLS), polyjet printing, inkjet printing and others. The stereolithography (SLA) segment grabbed a considerable market share, and it is expected to grow at a significant CAGR during the forecast period. The benefits and simplicity of operation associated with stereolithography (SLA) technology are boosting its development in the manufacturing sector.
  • Based on the end user, the market is fragmented into aerospace, automotive, defense, healthcare, power & energy and others. The automotive segment accounted for a significant market share and it is estimated that it will grow rapidly during the projected timeframe. The automotive sector has been using 3D printing technology for years to quickly build small custom goods and prototype machinery. The method is frequently utilized to create lightweight OEM and automotive components.
  • For a better understanding of the market adoption of industrial 3D printing, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, and Rest of North America), Europe (Germany, France, Italy, Spain, U.K, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. North America constitutes a major market for the industrial 3D printing industry due to various factors such as efficient use of materials, minimized human errors, customization of products and reduced production time and cost. Additionally, among all other regions, the Asia-Pacific market is expected to expand quickly with the highest CAGR that can be attributed to the developments and upgrades across the manufacturing industry within the region.
  • Some of the major players operating in the market include 3D Systems Corp, Xometry Inc, Stratasys Ltd, Proto Labs Inc, Velo3D Inc, Desktop Metal Inc, Materialise NV, Nano Dimension Ltd – ADR, Markforged Holding Corp, Shapeways Holdings Inc, among others. Several M&A’s along with partnerships have been undertaken.

Table of Contents

164 Pages
1 MARKET INTRODUCTION
1.1. Market Definitions
1.2. Main Objective
1.3. Stakeholders
1.4. Limitation
2 RESEARCH METHODOLOGY OR ASSUMPTION
2.1. Research Process of the Industrial 3D Printing Market
2.2. Research Methodology of the Industrial 3D Printing Market
2.3. Respondent Profile
3 MARKET SYNOPSIS
4 EXECUTIVE SUMMARY
5 IMPACT OF COVID-19 ON THE INDUSTRIAL 3D PRINTING MARKET
6 INDUSTRIAL 3D PRINTING MARKET REVENUE (USD MN), 2020-2028F
7 MARKET INSIGHTS BY COMPONENT
7.1. Hardware
7.2. Software
7.3. Services
8 MARKET INSIGHTS BY APPLICATION
8.1. Prototyping
8.2. Manufacturing
8.3. High Voltage
9 MARKET INSIGHTS BY TECHNOLOGY
9.1. Stereolithography (SLA)
9.2. Fused modelling Deposition (FDM)
9.3. Selective laser sintering (SLS)
9.4. Direct Metal Sintering (DMLS)
9.5. Polyjet printing
9.6. Inkjet printing
9.7. Others
10 MARKET INSIGHTS BY END USER
10.1. Aerospace
10.2. Automotive
10.3. Defense
10.4. Healthcare
10.5. Power & Energy
10.6. Others
11 MARKET INSIGHTS BY REGION
11.1. North America
11.1.1. U.S.
11.1.2. Canada
11.1.3. Rest of North America
11.2. Europe
11.2.1. Germany
11.2.2. U.K.
11.2.3. France
11.2.4. Italy
11.2.5. Spain
11.2.6. Rest of Europe
11.3. Asia-Pacific
11.3.1. China
11.3.2. Japan
11.3.3. India
11.3.4. Australia
11.3.5. Rest of Asia-Pacific
11.4. Rest of World
12 INDUSTRIAL 3D PRINTING MARKET DYNAMICS
12.1. Market Drivers
12.2. Market Challenges
12.3. Impact Analysis
13 INDUSTRIAL 3D PRINTING MARKET OPPORTUNITIES
14 INDUSTRIAL 3D PRINTING MARKET TRENDS
15 DEMAND AND SUPPLY-SIDE ANALYSIS
15.1. Demand Side Analysis
15.2. Supply Side Analysis
16 VALUE CHAIN ANALYSIS
17 PRICING ANALYSIS
18 STRATEGIC INSIGHTS
19 COMPETITIVE SCENARIO
19.1. Competitive landscape
19.1.1. Porter's Five Forces Analysis
20 COMPANY PROFILED
20.1. 3D Systems Corp
20.2. Xometry Inc
20.3. Stratasys Ltd
20.4. Proto Labs Inc
20.5. Velo3D Inc.
20.6. Desktop Metal Inc
20.7. Materialise NV
20.8. Nano Dimension Ltd – ADR
20.9. Markforged Holding Corp
20.10. Shapeways Holdings Inc
21 DISCLAIMER

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