Global 3D Printing Market to Reach USD 134.27 Billion by 2031 | CAGR of 22.9%
Category : Industry Services | Published Date : Nov 2024 | Type : Press Release
3D Printing Market Scope & Overview:
As per the Consegic Business Intelligence newly published report, the 3D Printing Market was valued at USD 25.75 Billion in 2023 and is projected to reach USD 134.27 Billion by 2031, growing at a CAGR of 22.9% from 2024 to 2031. 3D printing involves layer-by-layer construction of objects from digital designs, widely used in sectors like consumer products, automotive, aerospace, healthcare, and construction. This technology offers advantages such as rapid prototyping, customization, reduced waste, on-demand production, and design flexibility, driving its adoption across diverse industries.
The report comprises the 3D Printing Market Share, Size & Industry Analysis, By Process (Binder Jetting, Direct Energy Deposition, Material Extrusion, Material Jetting, Powder Bed Fusion, Sheet Lamination, VAT Polymerization), By Offering (Printers, Materials, Services, Software), By Application (Prototyping, Tooling, Functional Part Manufacturing), By Vertical (Automotive, Aerospace & Defense, Healthcare, Architecture & Construction, Consumer Products, Education, Energy), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East & Africa), and Forecast, 2024-2031.
The report contains detailed information on 3D Printing Market Trends, Opportunities, Value, Growth Rate, Segmentation, Geographical Coverage, Company Profile, In-depth Expert Analysis, Revenue Forecast, Competitive Landscape, Growth Factors, Restraints or Challenges, Environment & Regulatory Landscape, PESTLE Analysis, PORTER Analysis, Key Technology Landscape, Value Chain Analysis, and Cost Analysis.
Automation and technological advancements in manufacturing drive the market, with healthcare applications offering growth opportunities.
Segmental Analysis :
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.
- VAT Polymerization held the largest revenue share in 2023 due to its high precision, ideal for healthcare, automotive, and consumer goods.
- Binder Jetting is anticipated to grow at the fastest CAGR, driven by its cost-effectiveness and scalability in producing large volumes, particularly for automotive and consumer goods.
Based on the offering, the market includes printers, materials, services, and software.
- Printers dominated in 2023 as companies increasingly invest in advanced printing systems for prototyping and production.
- Services are expected to grow rapidly, with rising demand for maintenance, consulting, and custom printing solutions.
Based on application, the market includes prototyping, tooling, and functional part manufacturing.
- Prototyping accounted for the largest share, with significant demand in the automotive and industrial sectors.
- Functional Part Manufacturing is expected to register the highest CAGR, as 3D printing enables end-use part production, particularly in aerospace and healthcare.
Based on vertical, the market spans automotive, aerospace & defense, healthcare, architecture & construction, consumer products, education, and energy.
- Automotive led the market in 2023 due to widespread adoption for prototyping and custom part manufacturing.
- Healthcare is expected to grow at the highest CAGR, with demand for patient-specific medical devices and implants.
Based on regions, the global market is segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
- Asia-Pacific led the market in 2023, driven by high demand in electronics and construction, particularly in China and Japan.
- North America is anticipated to grow significantly due to advanced applications in automotive and healthcare, primarily in the U.S.
| Report Attributes | Report Details |
| Study Timeline | 2018-2031 |
| Market Size in 2031 | USD 134.27 Billion |
| CAGR (2024-2031) | 22.9% |
| By Process | Binder Jetting, Direct Energy Deposition, Material Extrusion, Material Jetting, Powder Bed Fusion, Sheet Lamination, VAT Polymerization |
| By Offering | Printers, Materials, Services, Software |
| By Application | Prototyping, Tooling, Functional Part Manufacturing |
| By Vertical | Automotive, Aerospace & Defense, Healthcare, Architecture & Construction, Consumer Products, Education, Energy |
| By Region | 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 & Africa(GCC, Turkey, South Africa, Rest of MEA) LATAM(Brazil, Argentina, Chile, Rest of LATAM) |
Top Key Players & Competitive Landscape :
The competitive landscape encompasses major innovators, aftermarket service providers, industry giants, and niche players, all of which are thoroughly examined by Consegic Business Intelligence in terms of their strengths, weaknesses, and value-addition potential. This report includes detailed profiles of key players, market share analysis, mergers and acquisitions, resulting market fragmentation, and emerging partnership trends and dynamics.
List of prominent players in the 3D Printing Industry:
- 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)
Recent Industry Developments :
- In March 2023, 3D Systems introduced the NextDent LCD1 printer and materials to improve additive manufacturing in healthcare.
- In April 2021, Evonik launched INFINAM TI 3100 L and INFINAM ST 6100 L photopolymers, enhancing toughness and impact resistance for 3D-printed parts.
