Posted On: JUL-2023 | Categories : Information and Communication Technology
The market for 3D printing is growing due to recent technological advancement, rising application, in numerous industries, and rising desire for customized goods. The market for 3D printing in 2022 was USD 16.94 billion, and by 2030 it will be worth USD 77.83 billion, growing at a 21% CAGR.
North America was the biggest region with revenue share of nearly 34.45% in 2022.
The U.S. was the single largest market with revenue of USD 3.4 billion or share of nearly 23%.
Europe is home to nearly 52% of all 3D printing companies.
The UK is the second largest 3D printing market in Europe & fifth largest market globally with revenue of nearly USD 468 Mn.
The UK 3D printing market will be worth Euro 685 Mn by 2026, growing at a 10% CAGR.
Customers spend more than Euro 8,000 on 3D printing yearly, with 23% spending close to £ 80,000.
According to 55% of respondents, price is the major obstacle preventing customers from using 3D printing more frequently.
62% of the PBF metal additive manufacturing (AM) systems installed globally come from German suppliers.
Small industrial metal printer sales will top $1 billion by 2027.
The 3D printer at Oxford Performance Materials created the implants for more than 75% of American patients who had damaged skulls due to illness or accident.
In the survey from 2022, 51.3% people used 3D printing for manufacturing runs with more than 10 products.
On the basis of component, the market is segmented into software, services, and hardware. The hardware was the largest market with revenue share of 64.95% in 2022.
By application, prototyping was the biggest market with revenue share of nearly 54.56% in 2022.
The functional parts segment will expand at a 24.05% CAGR during 2023-2030 by application.
On the basis of material, metal 3D printing held revenue share of nearly 53% in 2022 and will grow at a 28.6% CAGR.
By 2024, the metal AM hardware market will generate over $4 billion in revenue.
The ceramic sector will grow at a rapid pace with a 25.5% CAGR during 2023-2030.
In 2022, industrial printer sector was the biggest market with revenue share of nearly 76.45%.
Worldwide, 3D printers are used in many different industries. Because of the present number of users, industries are divided into desktop and industrial categories. Desktop users labor in tiny workplaces, schools, and hospitals, whereas industrial users handle huge machines in high-volume production.
The manufacturing sector is rapidly using 3D printing for everything from unique pen holders to face shields, spacecraft engines, & masks for medical professionals.
The market for 3D printing will grow rapidly between 18% & 27% yearly.
Nearly 2.2 Mn 3D printers were shipped in 2021.
Materials for 3D printing had a market value of USD 1.7 Bn & equipment had a market value of USD 4.5 Bn in 2021.
The most prominent 3D printer companies are HP Inc., AutoDesk, 3D Systems, Proto Labs, & Desktop Metal. The market value of AutoDesk was more than USD 68.2 billion.
China accounts for 70% of the global market for desktop 3D printers.
3D printing startups received more than USD 300 million in venture capital funding in 2018.
Over 23% of businesses that already use 3D technology spent over USD 100,000 on it in 2020.
Businesses that utilize 3D printing technologies see it as their main activity in 38% of cases, while 16% use it in different ways and 18% have internal teams that are solely focused on it.
Stereolithography held the majority of the 3D printing market, with a revenue share of nearly 10% in 2022. It is one of the oldest printing technology.
The fused Deposition Modeling (FDM) market segment held a significant revenue share in 2022 due to the implementation of this technology across several 3DP processes.
FDM 3D printers account for nearly 48% of the 3D printers in use.
In 2021, nearly 871,245 3DP machines were utilized.
Globally, nearly 1-2 million people use 3D printers.
In the UK, nearly 168,000 3D printers are installed.
According to 69% of firms, the primary advantage of 3D printing is its capacity to create complicated shapes.
Prototyping (72%) is the most common use of 3D printing in the aerospace and defense sector, followed by repairs (44%), research and development (43%), and production parts (39%).
By 2025, the aerospace, automotive, and medical industries will collectively make up 51% of the global 3D printing industry.
In 2021, the footwear 3D printing revenue was worth USD 841.5 million. It will grow at a 4.3% CAGR during 2021-2030.
The medical 3D printing market includes software, services, and hardware and will be worth USD 1.25 billion.
In 2021, 3D-printed dentistry generated USD 3.7 billion in revenue, and by 2027, it will rule the global market for dental products and restorations.
More than 70% of businesses found new uses for 3D printing in 2019, and 60% used simulation, CAD, and reverse engineering internally, showing that additive manufacturing adoption is expanding across shop floors globally.
The top 5 nations with the highest adoption and investment rates for 3D printing are the United States with index score of 160.3, the United Kingdom (145.5), Germany (123.8), France (115.7), and China (114.2).
Sustainability is a major concern for the majority of 3D printing customers. 63% of respondents are seeking ways to recycle 3D printed items, 59% desire more environmentally friendly products, and 35% desire a reduction in Co2 emissions.
System manufacturers dominate the 3D printing market, contributing for 38% of the market, followed by Service providers (34%).
The most frequently used material for 3D printing is plastic (83%), followed by composites (21%) and carbon fiber (24.7%) materials.
The market for 3D printing software will grow from 787.5 million units in 2018 to 2.1 billion units by 2023 at a CAGR of 22.2%.
55% of engineering companies increased their use of functional 3D-oriented components in 2020.
In 2021, 73% of engineering firms anticipate producing or acquiring more 3D printed goods.
In 2021, the market size for 3D food was nearly USD 76.98 Mn & by 2028 it will be worth USD 872.5 Mn.
Small and medium-sized businesses comprise more than 75% of all customers worldwide and are the most active users of online 3D printing services.
Per a survey conducted by Hubs in Feb 2023, nearly 71% of people claimed using 3DP more than in 2021 & 2022.
In 2021, 3D printing accounted for less than 0.1% of all manufacturing sales globally.
Boeing, the biggest aircraft manufacturer in the world, claimed saving $3 million by using 3D printing for titanium parts.
Of all 3D printing firms, 3D Systems is the largest business with 615 million in revenue in 2021. Proto Labs Inc.
With projected sales of $4.39 billion in 2022, AutoDesk was the largest software vendor in the market.
With more than 800,000 shipments globally, Creality's Ender 3 is the top choice for beginners.
General Electric is the company with the most 3D printing patents that have been registered in the US.
55% of the firms surveyed believe that implementing 3D printing will increase supply chain flexibility. Transit, stock management, and logistics will all be made simpler.
As per 69% 3DP users, the technology needs to be more dependable and inexpensive. According to 29% of respondents, a major project-specific disincentive is a lack of faith in the dependability of 3D printing.
Up to 71% of businesses believe they lack the expertise or training necessary to effectively deploy 3D printing technology.
The market for orthopedic 3D printing was worth USD 691 million in 2018 and will be worth USD 3.7 billion by 2027.
The metal AM hardware industry will generate more than USD 4 billion in revenue by 2024.
In 2022, the market for products & services associated with 3D printing increased to USD 5.1 Bn.
3D printing is being widely employed in industries like aerospace, automotive, & healthcare.
The aerospace and defense 3D printing market in 2021 was worth USD 1.35 billion and will reach USD 8.66 billion by 2030, at a 26.1% CAGR during the forecast period.
In the field of aviation, a few entrants are experimenting with 3D printing technology. 59% of Aeronautics professionals identified as specialists, with 38% as intermediates.
In the aerospace sector, 3D printing covers 72% of all prototype requirements.
The advantages of 3D printing have made it more popular in the aerospace industry. 3D printing generates parts with shorter lead times, lower prices, and more digitally flexible design and development techniques. Both users and manufacturers can significantly reduce costs by using 3D printing.
The most prevalent 3D printing application in the aerospace and defense industry is prototyping, followed by repair and maintenance (44%), research and development (43%), and part production (39%).
With an overall share of over 41.5%, North America is largest market, followed by Europe and Asia-Pacific.
With a market share of almost 70%, metals materials is the largest product segment. In terms of use, civil aviation is the most prevalent, followed by military aviation, spacecraft, etc.
3D Systems, Renishaw, Arcam Group, ExOne, Stratasys, etc, are the key players in the aerospace 3DP market. The top 5 key players hold a market share of about 51%.
The market for automotive 3D printing in 2021 was USD 2.13 billion, and by 2030, it will be worth USD 9.7 billion, growing at a 15.94% CAGR during the forecast period.
Ford Motor Company is among the first to use 3D printing.
One such example is its newest car, the 2020 Shelby GT500.
One recent example is, the Peugeot's newest concept vehicle. The design includes internal components that were 3D printed using Stratasys technology.
The market for healthcare 3D printing in 2022 was USD 2 billion and will expand at a CAGR of 22.5% during the forecast period.
By 2026 the 3D printed orthotics, prosthetics, and audiology market will generate USD 509 million in sales, and by 2030, it will reach USD 996 million.
The medical 3D printing market, encompassing services, materials, software, and hardware, is worth USD 1.25 billion.
More than 1.4 million surgical and non-surgical operations were carried out in 2021, and it will expand at a 15.8% CAGR.
The market for 3D printed dental products in 2021 was USD 3.1 billion, and by 2027 it will be worth USD 7.9 billion.
3D Printed Prosthetics
Only 5% of the almost 40 Mn amputees in the developing nations have access to prosthetic equipment, according to the NGO LIMBS.
The manufacture time for prosthetics has been reduced by 86.2% thanks to 3D printing, which also results in an 88% cost savings.
According to the Amputee Coalition, there are around 2 million persons living without a limb in the US alone. In the US, there are over 185,000 amputations carried out year due to a variety of reasons.
3D Printed Implants
Market for 3DP implants in 2022 was worth USD 2.5 Bn and will expand at a CAGR of 19.1% CAGR during 2023-2032.
North America was the biggest market for 3DP implants with revenue share of nearly 40.2% in 2022.
In 2019, nearly 6251,000 implants surgery were performed using 3DP and this number will expand to nearly 4 Mn by 2027.
3D Printed Organ
The overall number of organ transplants conducted worldwide in 2021 was 147,000, with 65% of those transplants being kidneys, among other organs.
Human bladder was the first 3D printed organ that was transplanted into human body.
There were 129 3D printed structures worldwide on 105 construction sites by the end of 2022.
Asia Pacific is the biggest 3DP construction market with revenue share of nearly 40% in 2022.
The building sector was the biggest market with revenue share of 73.5% in 2022.
3D printing reduces construction time upto 70%.
A 3D printed home typically costs between Rs 5- 5.5 lakh to build.
Construction waste is cut via 3D printing by 95%.
Between 2015 and 2019, the usage of 3D printing technology in the construction industry increased by 245% annually.