Market Definition
Industrial 3D printing technology is an additive manufacturing process that creates three-dimensional objects by depositing material in layers. The technology has been used for decades in manufacturing and prototyping applications, but is now being used more frequently for end-use production parts.
Market Dynamics
The Industrial 3D Printing Market size was USD 14.6 Billion in 2022 and is anticipated to reach USD 109.6 Billion in 2032, growing at a rate of 22.2% from 2023 to 2032.
Industrial 3D printers are generally faster and more precise than consumer-grade 3D printers, and can print in a wider range of materials, including metals, plastics, ceramics, and composites. Some industrial 3D printers are also capable of printing multiple materials simultaneously, or even creating complex structures with embedded electronics.
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Key Trends and Drivers
The major drivers for the market include the need for on-demand manufacturing, shorter product life cycles, and customization of products.
The key trends in industrial 3D printing technology are:
- Increased accuracy and detail
- Increased speed
- Increased ability to print in multiple colors
- Increased ability to print on a variety of materials
- Decreased costs
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Research Objectives
- Estimates and forecast the overall market size for the total market, across product, service type, type, end-user, and region
- Detailed information and key takeaways on qualitative and quantitative trends, dynamics, business framework, competitive landscape, and company profiling
- Identify factors influencing market growth and challenges, opportunities, drivers and restraints
- Identify factors that could limit company participation in identified international markets to help properly calibrate market share expectations and growth rates
- Trace and evaluate key development strategies like acquisitions, product launches, mergers, collaborations, business expansions, agreements, partnerships, and R&D activities
- Thoroughly analyze smaller market segments strategically, focusing on their potential, individual patterns of growth, and impact on the overall market
- To thoroughly outline the competitive landscape within the market, including an assessment of business and corporate strategies, aimed at monitoring and dissecting competitive advancements.
- Identify the primary market participants, based on their business objectives, regional footprint, product offerings, and strategic initiatives
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Market Segments
The industrial 3D printing market has been segmented into offering, process, technology, application, end-use industry, and region. Based on offering, the industrial 3D printing market has been segmented into printers, materials, software, and services. Based on process, it is bifurcated into binder jetting, direct energy deposition, material extrusion, and others. Based on Technology, it is bifurcated into Sterorlithography, Fused Modelling Deposition (FDM), Selective Laser Sintering (SLS), Direct Metal Laser Sintering (DMLS), Polyjet Printing, Inkjet Printing, and others. On the basis of the Application, the market is segmented into prototyping, Manufacturing, and high voltage. Based on the end-use industry, it is bifurcated into automotive, healthcare, aerospace & defense, printed electronics, and others. Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and the Rest of the World (ROW).
Key Players
- Stratasys
- 3D Systems
- Materialise
- EOS
- GE Additive
- ExOne
- voxeljet
- SLM Solutions
- Renishaw
- Arcam AB
- Trumpf Group
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Research Scope
- Scope – Highlights, Trends, Insights. Attractiveness, Forecast
- Market Sizing – Product Type, End User, Offering Type, Technology, Region, Country, Others
- Market Dynamics – Market Segmentation, Demand and Supply, Bargaining Power of Buyers and Sellers, Drivers, Restraints, Opportunities, Threat Analysis, Impact Analysis, Porters 5 Forces, Ansoff Analysis, Supply Chain
- Business Framework – Case Studies, Regulatory Landscape, Pricing, Policies and Regulations, New Product Launches. M&As, Recent Developments
- Competitive Landscape – Market Share Analysis, Market Leaders, Emerging Players, Vendor Benchmarking, Developmental Strategy Benchmarking, PESTLE Analysis, Value Chain Analysis
- Company Profiles – Overview, Business Segments, Business Performance, Product Offering, Key Developmental Strategies, SWOT Analysis.
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