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Pulished Date February, 2020
ID: 8286
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Global 3D Printing Market Research Report – Segmented By Component (Hardware, Software, Services), Application (Prototyping, Functional Part Manufacturing, Tooling and Others), Vertical (Automotive, Healthcare, Consumer Goods, Industrial, Aerospace and Defense, and Others), Technology (Direct Metal Laser Sintering (DMLS), Stereolithography (SLA), Fused Deposition Modeling (FDM), Selective Laser Sintering (SLS), Polyjet/Multijet Printing (MJP), Inkjet Printing, Electron Beam Melting (EBM), Laminated Object Manufacturing (LOM), and Digital Light Processing (DLP)) and Geography - Global Forecast to 2025

Pulished: February, 2020
ID: 8286
Pages: 210

3D Printing Market Size & Growth (2020 – 2025)

Global 3D printing market size is expected to reach around US$ 44 billion by 2025, recording an annual compound rate of above 20% during the forecast period of 2020-2025. Metals and Alloy Segment predicted to grow with high CAGR in the forecast period.

Market growth and trends:

For any 3D printed device used for implants/other medical uses, biocompatibility is of paramount importance. Any material used must comply with surface chemistry, surface topography and other parameters that determine the biological response to the implanted device. Titanium alloy and pure titanium are the most preferred and biocompatible metal materials for a biomedical implant. Titanium alloys, such as Ti6Al4V, improve strength and have corrosion resistance. However, it is essential to keep in mind that the high elastic modulus in titanium causes a flexible displacement between the bones and the implant. 

In general, titanium is one of the most widely adopted metals for 3D printing for medical applications. The titanium or titanium alloy market is presumed to experience the highest annual growth rate during the forecast period. Thanks to technological advances, the titanium subsegment of 3D printing is expected to revolutionize medical device manufacturers throughout the projection period. However, 3D printed devices require more stringent software and hardware specifications than the specifications of other traditional medical devices. These factors should allow regular and steady growth of companies and general activity over the outlook period.

Recent developments:

  • SLM Solutions Group AG, a manufacturer of publicly traded metal 3D printers and co-owner of the SLM word brand based in Lübeck, Germany, and Divergent Technologies, signed a letter of intent to purchase next-generation AM machines and further expand your partnership strategically. Czinger was appointed to broaden and deepen the strategic cooperation between the companies and the SLM Solutions' supervisory board in June 2019.
  • 3D Systems DDD, a company that designs, manufactures and sells 3D printers based in Rock Hill, South Carolina, was developing tissue bio-printing and scaffolding processes for third-party companies, intending to accelerate the progress of biomedical industries in Partnership with CollPlant Biotechnologies CLGN.
  • In February 2018, Johnson & Johnson announced the launch of a global center of excellence for 3D bioprinting at Trinity College in Dublin, Ireland. This new facility, which is a collaboration between Johnson & Jonhson and AMBER Research, will serve as a 3D bioprinting research laboratory. It is expected to be operational before the start of 2019, and the facility will also conduct research in the field of orthopedics and is foreseen to transform the delivery of health services for patients and consumers.
  • Engineers at the University of Science and Technology in Pohang, South Korea, have successfully developed "blood vessels" from a 3D printer using material extracted from the human body as a model. These blood vessels can also act as carriers of drugs which release the drug into its inserted environment, thereby increasing the chances of successful implantation.

Drivers and market restraints:

One of the main drivers of the global 3D printing market is the increasing use of this technology in many applications, such as transplantation, medication administration, 3D printed organs and many more in the health industry. The growing demand for implant customizations during surgical procedures, along with the increasing investments in R&D, is also driving global 3D printing in the health market. In addition, the use of 3D printing for making models in automotive, manufacturing and other industries is also boosting the global business. 

One of the main challenges in the global 3D printing market is the high cost of 3D printers. Technologies such as stereolithography, laser beam, electron beam, photocuring and drop deposition techniques are too expensive to apply often.

Market segmentation:

This global market report is segmented and sub-segmented into the following categories:

  • By Component - Hardware, Software, Services

The hardware segment held the principal portion in the global 3D printing market and is likely to continue its dominion in the coming years.

  • By Technology - Fused Deposition Modeling Technology (FDM), Stereolithography (SLA), Laser Metal Deposition (LMD), Selective Laser Sintering (SLS), Polyjet/Multijet Printing (MJP), Inkjet Printing, Digital Light Processing (DLP), Direct Metal Laser Sintering (DMLS), Electronic Beam Melting (EBM), Laminated Object Manufacturing (LOM)

The direct metal laser sintering technology is predicted to witness the highest growth rate in the foreseen years. FDM and SLA are the most adopted 3D printing technologies around the world that are estimated to continue their demand in the future.

  • By Application - Prototyping, Functional Part Manufacturing, Tooling and Others

Prototyping segment held the lion's share in the global 3D printing market in the review period due to the adoption of this application in end-user verticals like automotive, aerospace, and others. This segment will witness the highest growth rate in the outlook period.

  • By Vertical - Automotive, Healthcare, Aerospace and Defense, Consumer Goods, Industrial and Others

Healthcare is one of the booming sectors in terms of 3D printing adoption, which will account for a remarkable revenue and sales in the coming years. Altogether, automotive, healthcare and aerospace and defense will register the highest growth rate and market value in the future.

Regional Analysis:

  • North America
  • Europe
  • Asia and the Pacific
  • South America
  • Middle East and Africa

Among these, North America 3D printing market dominated the global business, owing to the early adoption of technology in different verticals, the presence of key players, increasing R&D investments and other factors. The Europe 3D printing market is also a significant contributor to the world market as it includes several manufacturing companies in the vicinity.

Nonetheless, the Asia Pacific 3D printing market is projected to register the highest CAGR in the coming years because of the increasing adoption of this technology in the manufacturing process and healthcare sectors.

Key Market Players:

The main players in the global 3D printing market are Stratasys (United States), 3D Systems Inc. (United States), EOS GmbH (Germany), GE Additive (United States), Materialize (Belgium), EnvisionTec, Inc., Autodesk Inc., Made In Space, Canon Inc., s, among others.

Stratasys and 3D Systems have dominated the 3D printing industry in terms of revenue. These two players rely on their strong research and development (R&D) capabilities, their diversified product portfolio, their global reach, their strategic alliances and their mergers and acquisitions to maintain a large part of the 3D printing market. The market also has many small players that together own the remaining part.

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Scope of the report                 

                1.3 Study Assumptions                 

                1.4 Base Currency, Base Year and Forecast Periods                           

2. Research Methodology                                           

                2.1 Analysis Design                         

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Data Modelling     

                                2.2.4 Expert Validation  

                2.3 Study Timeline                          

3. Report Overview                                        

                3.1 Executive Summary                

                3.2 Key Inferencees                       

4. Market Dynamics                                       

                4.1 Impact Analysis                        

                                4.1.1 Drivers      

                                4.1.2 Restaints 

                                4.1.3 Opportunities        

                4.2 Regulatory Environment                       

                4.3 Technology Timeline & Recent Trends                            

5. Competitor Benchmarking Analysis                                    

                5.1 Key Player Benchmarking                     

                                5.1.1 Market share analysis         

                                5.1.2 Products/Service 

                                5.1.3 Regional Presence

                5.2 Mergers & Acquistion Landscape                      

                5.3 Joint Ventures & Collaborations                        

6. Market Segmentation                                              

                6.1 3D Printing Market, By Component                 

                                6.1.1 Hardware

                                6.1.2 Software 

                                6.1.3 Services   

                                6.1.4 Market Size Estimations & Forecasts (2019-2024)   

                                6.1.5 Y-o-Y Growth Rate Analysis              

                                6.1.6 Market Attractiveness Index           

                6.2 3D Printing Market, By Technology                  

                                6.2.1 Direct Metal Laser Sintering (DMLS)             

                                6.2.2 Stereolithography (SLA)    

                                6.2.3 Fused Deposition Modeling (FDM)

                                6.2.4 Selective Laser Sintering (SLS)         

                                6.2.5 Polyjet/Multijet Printing (MJP)      

                                6.2.6 Inkjet Printing        

                                6.2.7 Electron Beam Melting (EBM)         

                                6.2.8 Laminated Object Manufacturing (LOM)    

                                6.2.9 Digital Light Processing (DLP)          

                                6.2.10 Market Size Estimations & Forecasts (2019-2024) 

                                6.2.11 Y-o-Y Growth Rate Analysis           

                                6.2.12 Market Attractiveness Index        

                6.3 3D Printing Market, By Application                   

                                6.3.1 Prototyping            

                                6.3.2 Functional Part Manufacturing       

                                6.3.3 Tooling     

                                6.3.4 Market Size Estimations & Forecasts (2019-2024)   

                                6.3.5 Y-o-Y Growth Rate Analysis              

                                6.3.6 Market Attractiveness Index           

                6.4 3D Printing Market, By Vertical                          

                                6.4.1 Automotive            

                                6.4.2 Healthcare              

                                6.4.3 Consumer Goods 

                                6.4.4 Industrial 

                                6.4.5 Aerospace and Defense    

                                6.4.6 Market Size Estimations & Forecasts (2019-2024)   

                                6.4.7 Y-o-Y Growth Rate Analysis              

                                6.4.8 Market Attractiveness Index           

7. Geographical Landscape                                         

                7.1 Global Identity Governance and Administration Market, by Region                    

                7.2 North America - Market Analysis (2018 - 2024)                            

                                7.2.1 By Country              

                                                7.2.1.1 USA

                                                7.2.1.2 Canada

                                7.2.2 By Component      

                                7.2.3 By Technology       

                                7.2.4 By Application       

                                7.2.5 By Vertical               

                7.3 Europe                         

                                7.3.1 By Country              

                                                7.3.1.1 UK

                                                7.3.1.2 France

                                                7.3.1.3 Germany

                                                7.3.1.4 Spain

                                                7.3.1.5 Italy

                                                7.3.1.6 Rest of Europe

                                7.3.2 By Component      

                                7.3.3 By Technology       

                                7.3.4 By Application       

                                7.3.5 By Vertical               

                7.4 Asia Pacific                  

                                7.4.1 By Country              

                                                7.4.1.1 China

                                                7.4.1.2 India

                                                7.4.1.3 Japan

                                                7.4.1.4 South Korea

                                                7.4.1.5 South East Asia

                                                7.4.1.6 Australia & NZ

                                                7.4.1.7 Rest of Asia-Pacific

                                7.4.2 By Component      

                                7.4.3 By Technology       

                                7.4.4 By Application       

                                7.4.5 By Vertical               

                7.5 Latin America                            

                                7.5.1 By Country              

                                                7.5.1.1 Brazil

                                                7.5.1.2 Argentina

                                                7.5.1.3 Mexico

                                                7.5.1.4 Rest of Latin America

                                7.5.2 By Component      

                                7.5.3 By Technology       

                                7.5.4 By Application       

                                7.5.5 By Vertical               

                7.6 Middle East and Africa                           

                                7.6.1 By Country              

                                                7.6.1.1 Middle East

                                                7.6.1.2 Africa

                                7.6.2 By Component      

                                7.6.3 By Technology       

                                7.6.4 By Application       

                                7.6.5 By Vertical               

8. Key Player Analysis                                    

                8.1 Stratasys                     

                                8.1.1 Business Description           

                                8.1.2 Products/Service 

                                8.1.3 Financials 

                                8.1.4 SWOT Analysis      

                                8.1.5 Recent Developments       

                                8.1.6 Analyst Overview 

                8.2 3D Systems Inc.                        

                8.3 EOS GmbH                  

                8.4 GE Additive                

                8.5 Materialize                 

                8.6 EnvisionTec, Inc.                       

                8.7 Autodesk Inc.                            

                8.8 Made In Space                          

                8.9 Canon Inc.                   

                8.10 Voxeljet AG                             

9. Market Outlook & Investment Opportunities                                 

Appendix                                           

                List of Tables                     

                List of Figures                   

  • Global, Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • The segment-level analysis in terms of by offering, by region, along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis, and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global 3D Printing Market By Region, From 2020-2025 ( USD Billion )
  2. Global 3D Printing Market By Component, From 2020-2025 ( USD Billion )
  3. Global Hardware Market By Region, From 2020-2025 ( USD Billion )
  4. Global Software Market By Region, From 2020-2025 ( USD Billion )
  5. Global Services Market By Region, From 2020-2025 ( USD Billion )
  6. Global 3D Printing Market By Technology, From 2020-2025 ( USD Billion )
  7. Global Direct Metal Laser Sintering (DMLS) Market By Region, From 2020-2025 ( USD Billion )
  8. Global Stereolithography (SLA) Market By Region, From 2020-2025 ( USD Billion )
  9. Global Fused Deposition Modeling (FDM) Market By Region, From 2020-2025 ( USD Billion )
  10. Global Selective Laser Sintering (SLS) Market By Region, From 2020-2025 ( USD Billion )
  11. Global Polyjet/Multijet Printing (MJP) Market By Region, From 2020-2025 ( USD Billion )
  12. Global Inkjet Printing Market By Region, From 2020-2025 ( USD Billion )
  13. Global Electron Beam Melting (EBM) Market By Region, From 2020-2025 ( USD Billion )
  14. Global Laminated Object Manufacturing (LOM) Market By Region, From 2020-2025 ( USD Billion )
  15. Global Digital Light Processing (DLP) Market By Region, From 2020-2025 ( USD Billion )
  16. Global 3D Printing Market By Application, From 2020-2025 ( USD Billion )
  17. Global Prototyping Market By Region, From 2020-2025 ( USD Billion )
  18. Global Functional Part Manufacturing Market By Region, From 2020-2025 ( USD Billion )
  19. Global Tooling Market By Region, From 2020-2025 ( USD Billion )
  20. Global 3D Printing Market By Vertical, From 2020-2025 ( USD Billion )
  21. Global Automotive Market By Region, From 2020-2025 ( USD Billion )
  22. Global Healthcare Market By Region, From 2020-2025 ( USD Billion )
  23. Global Consumer Goods Market By Region, From 2020-2025 ( USD Billion )
  24. Global Industrial Market By Region, From 2020-2025 ( USD Billion )
  25. Global Aerospace and Defense Market By Region, From 2020-2025 ( USD Billion )

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