Home > > Industry Services > > 3D Printing Market Size, Share, Growth, Industry Trends | Forecast 2031
Id: CBI_1563 | Pages: 362 | Format : PDF | Published : | Author : Pawan Chasta | Category : Industry Services
3D Printing Market size is estimated to reach over USD 134.27 Billion by 2031 from a value of USD 25.75 Billion in 2023 and is projected to grow by USD 31.20 Billion in 2024, growing at a CAGR of 22.9% from 2024 to 2031.
3D Printing is the process of creating an object by building it one by one layer at a time to create a physical object from a digital design. 3D printers are used in the manufacturing or prototyping of consumer products, Industrial Products, automotive and aerospace prototypes, medical, healthcare, and dental products, prosthetics, architectural scale models, 3D modeling of fossils and ancient artifacts, movie props, and others. They offer a wide range of benefits such as rapid prototyping, customization and personalization, reduced material waste, on-demand production, low-volume production, design freedom, and innovation. The above benefits are primary determinants for increasing their deployment in automotive, aerospace & defense, healthcare, consumer products, education, energy, and other industries.
In Industry 4.0, 3D printing has emerged as a significant component in transforming manufacturing processes and production lines. The technology is poised for wider adoption in diverse sectors, focusing on practical applications and addressing real-world challenges. Complete workflow automation will aid in the process from product design to printing, with AI-driven design enhancements and reduced manual input. AI and machine learning will refine printing operations, material consumption, and maintenance forecasting, boosting both productivity and output quality. Progress in advanced composites, biocompatible substances, and sophisticated printing methods will facilitate the creation of bigger constructs and encourage acceptance across industries.
Therefore, 3D printing is playing a transformative role in Industry 4.0, driving automated, AI-enhanced manufacturing processes that improve efficiency and quality.
The 3D printing market faces growth challenges due to several inherent limitations in the technology. While 3D printing has revolutionized prototyping and small-scale production across industries, certain technical and practical limitations restrict its broader adoption. Issues such as slow production speeds, limited material variety, and the high cost of specialized materials continue to restrain the market. For example, many 3D printers are limited to specific materials (like plastics or metals), which constrains application diversity, particularly in sectors requiring advanced or composite materials.
Additionally, this printing often struggles with producing high-volume batches due to slower printing speeds compared to traditional manufacturing methods like injection molding or CNC machining. This makes it less cost-effective for large-scale production. Accuracy and surface finish can also be challenging, especially in industries requiring high precision, such as aerospace and medical implants, where post-processing is often needed to achieve the desired quality, adding to costs and production time.
These technological and economic limitations hinder the widespread adoption of printing for large-scale, industrial applications, thereby restraining market growth, especially in cost-sensitive and precision-driven industries.
The innovations in 3D printing in the healthcare sector are witnessing high demand due to factors such as reduced waste generation during the production of medical devices and implants. The sector is moving towards sustainable production methods which are energy-efficient and reduce waste generation. Now organs and implants are constructed with the help of 3D printing, which has proven to be a beneficial tool featuring precision medicines and personalized treatment.
Factors such as preoperative planning, customized surgery, prototyping medical devices, improving surgical instruments, creating prostheses, implants, dentistry, and streamlining drug administration are ongoing trends in the healthcare sector which has immense potential.
Hence, the adoption of 3D printing in healthcare is accelerating due to its ability to support sustainable production, precision medicine, and personalized treatments.
Based on the process, the market is segmented into binder jetting, direct energy deposition, material extrusion, material jetting, powder bed fusion, sheet lamination, and VAT polymerization.
The VAT polymerization segment accounted for the largest revenue share in the year 2023.
TThe binder jetting segment is anticipated to register the fastest CAGR during the forecast period.
Based on the offering, the market is segmented into printers, materials, services, and software.
The printers segment accounted for the largest revenue share in the year 2023.
The services segment is anticipated to register the fastest CAGR during the forecast period.
Based on the application, the market is segmented into prototyping, tooling, and functional part manufacturing.
The prototyping segment accounted for the largest revenue share of 48.38% in the year 2023.
The functional part manufacturing segment is anticipated to register the fastest CAGR during the forecast period.
Based on the vertical, the market is segmented into automotive, aerospace & defense, healthcare, architecture & construction, consumer products, education, and energy.
The automotive segment accounted for the largest revenue share of the total 3D printing market share in 2023.
The healthcare segment is anticipated to register the fastest CAGR during the forecast period.
The regions covered are North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America.
Asia-Pacific region was valued at USD 6.69 Billion in 2023. Out of this, China accounted for the maximum revenue share of 33.6%. Moreover, it is projected to grow by USD 8.13 Billion in 2024 and reach over USD 36.17 Billion by 2031. China leads the region with extensive use of 3D printing in electronics, construction, and consumer goods, supported by government initiatives to promote advanced manufacturing. Japan and South Korea are also heavily invested in 3D printing technology, focusing on high-precision applications for healthcare and automotive. Rapid industrialization, growing adoption in manufacturing, and cost advantages in production boost the market. However, the lack of standardization and skilled professionals in certain areas can limit growth.
North America is estimated to reach over USD 50.08 Billion by 2031 from a value of USD 9.49 Billion in 2023. The market growth for 3D printing is mainly driven by its deployment in automotive, aerospace & defense, healthcare, and other industries.
Furthermore, factors including increasing investments in the field of electric vehicles and air defense systems are projected to drive the market growth in North America during the forecast period.
As per the 3D printing market analysis, Europe is a significant market, led by Germany, the UK, and France, known for their strong industrial and manufacturing capabilities. The region's focus on Industry 4.0 and the adoption of additive manufacturing in sectors such as automotive, aerospace, and healthcare drive growth. The Middle East & Africa (MEA) region is experiencing steady growth in the market, particularly in the UAE and Saudi Arabia, where investments in construction and medical sectors are significant. The UAE's focus on becoming a global leader in 3D-printed construction and Saudi Arabia's investment in technology as part of Vision 2030 drive demand.
Latin America is an emerging market, led by Brazil and Mexico. The region's growth is driven by increasing adoption in the automotive, aerospace, and healthcare industries. Brazil's investments in advanced manufacturing technologies and Mexico's role as a manufacturing hub for North America support the expansion of 3D printing applications.
The 3D printing market is highly competitive with major players providing 3D printing solutions to the national and international markets. Key players are adopting several strategies in research and development (R&D), product innovation, and end-user launches to hold a strong position in the global 3D printing market. Key players in the 3D printing industry include-
Product launches:
Report Attributes | Report Details |
Study Timeline | 2018-2031 |
Market Size in 2031 | USD 134.27 Billion |
CAGR (2024-2031) | 22.9% |
By Process |
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By Offering |
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By Application |
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By Vertical |
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By Region |
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Key Players |
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North America | U.S. Canada Mexico |
Europe | U.K. Germany France Spain Italy Russia Benelux Rest of Europe |
APAC | China South Korea Japan India Australia ASEAN Rest of Asia-Pacific |
Middle East and Africa | GCC Turkey South Africa Rest of MEA |
LATAM | Brazil Argentina Chile Rest of LATAM |
Report Coverage |
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In 2023, the 3D Printing market was USD 25.75 Billion.
In 2031, the market size of 3D Printing market is expected to reach USD 134.27 billion.
The processes, offerings, applications, and verticals are the segments covered in this report.
Stratasys (US), 3D Systems, Inc. (US), HP Development Company, L.P. (US), EOS GmbH (Germany), General Electric (US), Materialise NV (Belgium), Desktop Metal, Inc. (US), Protolabs (US), Optomec, Inc. (Mexico), Prodways Group (France) are the major players in the 3D Printing market