Pulished Date August, 2019
ID: 8286
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3D Printing Market by Offering (Printer, Material, Software, Service), Process (Binder Jetting, Direct Energy Deposition, Material Extrusion, Material Jetting, Powder Bed Fusion), Application, Vertical, Technology, by Region - Global Industry Analysis, Size, Share, Growth, Investment, and Forecasts (2019–2024)

Pulished: August, 2019
ID: 8286
Pages: 170

3D Printing Market Size and Growth

The size of the 3D Printing Market was around USD 9.9 Billion by revenue, at the end of 2019. It is expected to grow at a CAGR of 23.36 % to reach close to USD 28.28 Billion by the end of 2024.

The rise in demand for customized products is the reason for the high prosperous growth of the 3D printing market.

Recent Industry Developments:

Zortrax, a polish based 3D printing company, has launched a new 3D printer Inkspire UV LCD printer, an SLA printer which is considered to be the cheapest and offers speed and quality of resin-based with the finish and fit for the hardware. 

3D Printing Market Drivers and Restraints:

Ease in the development of customized products, process downtime, and decrement in the manufacturing cost is the main driving factors of the market for 3D printing. Also, the investments by various governments across the globe in 3D printing projects, and chances for development of industrial-grade 3D printing materials are considered to be some other factoring helping the growth of the market.

However, the lack of technology to fulfill the desired large scale 3D printers is the major restraint to the growth of the 3D printing market. Also, the market accumulation in North America and Europe make the market expansion highly unlikely in parts like Latin America and Africa.

3D Printing Market Segmentation Analysis:

By Offering - Based on the offering the  3D printing market is segmented into

  • Printer
  • Material
  • Software
  • Service.

Among the mentioned offerings the service sector is calculated to have the highest share of the market by the end of the financial year of 2019. The expected growth is due to the projected increase in demand for custom design and the manufacturing segment of the market. This is where 3D printing comes handy as it cuts down the cost of customized products to the minimum and also in as little as no time.

By Process - Based on the process involved in 3D printing the  market is categorized into

  • Binder Jetting
  • Direct Energy Deposition
  • Material Extrusion
  • Material Jetting
  • Powder Bed Fusion.

Of the mentioned processes the bed fusion process is projected to be the fastest-growing segment which had the largest share of the revenue generated in the 3D printing market in 2018. This process is mainly used in the aerospace, engineering and automobile verticals of the end-user.

3D Printing Market Geographical Analysis:

By geography, the 3D Printing Market is segmented as

  • Latin America
  • Europe
  • Asia Pacific
  • North America
  • Middle-East & Africa.

North America leads the 3D Printing market by both value and volume, as per the statistics in 2018. The situation of all the market key players in this region is an added advantage to its significant market position. Europe is second in the lead in the market for 3D Printing. The presence of a considerable customer base in and around this region is helping in the growth of the 3D printing market in Europe. Also, the technological supremacy of these regions over the rest of the world allows them to develop in this newly emerging field, causing the eye-catching performance in the 3D Printing market.

The Asia Pacific follows Europe the lead in the 3D printing market in the estimated forecast period. This region is anticipated to have the highest growth rate in the market for 3D Printing owing to the interest shown from the top leading software companies in the Asia Pacific region, mainly towards India, China, and Japan, causing for the high hopes of growth rate.

The growth in the Asia Pacific region is also attributed to the high future opportunities in fast-developing economies like India, and Japan. Although the Asia Pacific region will not be leading the market for 3D Printing, it is expected to attract major market giants towards expansion into the region. The regional advantages offered in this region, such as ease of setup and cheap resources, are the sole reason for this region’s advancement in the market.

On the other hand, the Middle East & Africa and Latin America regions, being in the low developing countries due to the contribution of low GDP countries, have fewer chances for industry growth. Hence, the 3D Printing Market in these regions is slow-growing in nature.

3D Printing Market Key Market Players:

By the end of 2018, the following are the leading shareholders of the global 3D Printing Market.

  1. 3D Systems
  2. EOS GmbH
  3. Arcam AB
  4. Materialise
  5. Autodesk Inc.
  6. HP
  7. Stratasys Ltd.
  8. SLM Solutions
  9. EnvisionTEC
  10. The ExOne Company
  11. GE Additive
  12. Hoganas AB
  13. Made In Space Inc.
  14. Optomec, Inc.
  15. Organovo Holdings, Inc.
  16. Sisma S.p.A.
  17. Ponoko Ltd.
  18. Solidscape, Inc.
  19. Mcor Technologies Ltd.
  20. Voxeljet AG
  21. ProtoLabs Inc.
  22. Citim GmbH

3D Printing Market Research Report Key Highlights:

  1. The evaluation of the current product and services market and the future implications of the market.
  2. Address the matter by better understanding the market through size estimates and CAGR analysis to forecast the future market.
  3. Wider segmentation to better understand the dynamics of the market at a minimal level by dividing the market into smaller segments.
  4. Address the key market challenges, drivers and restraints to provide insights for gaining market share.
  5. Porter’s Five Forces are used to analyze the factors responsible for the shaping of the industry as it is as a result of the competitive environment.

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 Market Share Analysis                           

                5.2 Product Benchmarking                          

                5.3 Regional Presence                   

                5.4 Mergers & Acquistion Landscape                      

                5.5 Joint Ventures & Collaborations                        

6. Market Segmentation                                              

                6.1 3D Printing Market, by Offering                         

                                6.1.1 Printer      

                                6.1.2 Material   

                                6.1.3 Software  

                                6.1.4 Service      

                                6.1.5 Market Size Estimations & Forecasts (2019-2024)   

                                6.1.6 Y-o-Y Growth Rate Analysis             

                                6.1.7 Market Attractiveness Index          

                6.2 3D Printing Market, by Process                          

                                6.2.1 Binder Jetting        

                                6.2.2 Direct Energy Deposition  

                                6.2.3 Material Extrusion               

                                6.2.4 Material Jetting     

                                6.2.5 Powder Bed Fusion             

                                6.2.6 Market Size Estimations & Forecasts (2019-2024)   

                                6.2.7 Y-o-Y Growth Rate Analysis             

                                6.2.8 Market Attractiveness Index          

7. Geographical Landscape                                         

                7.1 Global Identity Governance and Administration Market, by Region                  

                7.2 North America - Market Analysis (2019-2024)                            

                                7.2.1 By Country              

                                                7.2.1.1 USA

                                                7.2.1.2 Canada

                                7.2.2 By Offering             

                                7.2.3 By Process               

                                7.2.4 Y-o-Y Growth Rate Analysis             

                                7.2.5 Market Attractiveness Index          

                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 Offering             

                                7.3.3 By Process               

                                7.3.4 Y-o-Y Growth Rate Analysis             

                                7.3.5 Market Attractiveness Index          

                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 Offering             

                                7.4.3 By Process               

                                7.4.4 Y-o-Y Growth Rate Analysis             

                                7.4.5 Market Attractiveness Index          

                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 Offering             

                                7.5.3 By Process               

                                7.5.4 Y-o-Y Growth Rate Analysis             

                                7.5.5 Market Attractiveness Index          

                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 Offering             

                                7.6.3 By Process               

                                7.6.4 Y-o-Y Growth Rate Analysis             

                                7.6.5 Market Attractiveness Index          

8. Key Player Analysis                                    

                8.1 3D Systems                 

                                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  EOS GmbH                 

                8.3 Arcam AB                    

                8.4 Materialise                 

                8.5 Autodesk, Inc.                           

                8.6 HP                  

                8.7 Stratasys Ltd.                             

                8.8  SLM Solutions                           

                8.9 EnvisionTEC                                

                8.10 The ExOne Company                           

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
  • 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 micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing 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 2019-2024 ( USD Billion )
  2. Global 3D Printing Market By Offering, From 2019-2024 ( USD Billion )
  3. Global Printer Market By Region, From 2019-2024 ( USD Billion )
  4. Global Material Market By Region, From 2019-2024 ( USD Billion )
  5. Global Software Market By Region, From 2019-2024 ( USD Billion )
  6. Global Service Market By Region, From 2019-2024 ( USD Billion )
  7. Global 3D Printing Market By Process, From 2019-2024 ( USD Billion )
  8. Global Binder Jetting Market By Region, From 2019-2024 ( USD Billion )
  9. Global Direct Energy Deposition Market By Region, From 2019-2024 ( USD Billion )
  10. Global Material Extrusion Market By Region, From 2019-2024 ( USD Billion )
  11. Global Material Jetting Market By Region, From 2019-2024 ( USD Billion )
  12. Global Powder Bed Fusion Market By Region, From 2019-2024 ( USD Billion )

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