3D Printing Market Overview – Market Growth, Market Trends, and Forecast
3D Printing Market Size and Overview
The size of the global 3D printing market will increase more than USD 7 billion between 2017-2022, accelerating at a CAGR of nearly 37% during the forecast period. This growth in market size will be attributed to numerous factors such as the increase in consumer interest for 3D customized products, the growing demand for 3D printed electronic components, and the increase in the use of 3D printers in the healthcare sector.
Numerous major segments within the global 3D printing industry are expected to witness strong growth over the next 4-5 years, which is subsequently contributing to the growth of the overall market. For example, the year-over-year growth rate in 2018 for the global printing services market was almost 20%, owing to the demand for customized products. Meanwhile, the market for 3D printing materials is expected to increase more than USD 3.4 billion in market size by 2022, accelerating at a CAGR of 39%. The low wastage of cartridge in additive printing systems is fueling the growth of this market.
Medical professionals in the healthcare sector are leveraging 3D printing technology for various applications. 3D printing aids medical professionals in attaining exact designs based on their requirements. The presence of established vendors and improved healthcare infrastructure in North America will support the growth of dental 3D printing and orthopedic 3D printing devices market.
The need for 3D printing market will also increase from the education sector. Many vendors are offering tailor made 3D printing solutions for specific requirements in educational institutions. As many governments across the world are encouraging the need for hands-on practical learning approach, the demand for 3D printers from educational institutions is expected to increase in the coming years.
During the forecast period, several trends will emerge and have a positive impact on the global 3D printing market. These trends include the emergence of cloud-based 3D printing services, partnerships with market participants, and an increase in 3D printing outsourcing. The popularity of 3D printing outsourcing will be the major trend as companies are outsourcing 3D printing projects for both prototypes and production runs.
Other insights provided within our 3D printing market reports include:
3D Printing Market Insights
- The industrial 3D printer segment accounts for the largest market share and has enormous potential by offering benefits like manufacturing-as-a-service (MaaS), reduction in process downtime, and lower manufacturing costs.
- The introduction of low-cost entry-level 3D printers is expected to influence tier-2 and tier-3 plastic parts manufacturers and automotive suppliers to adopt 3D printing technology for manufacturing small parts, in turn augmenting the automotive 3d printing market.
- 3D printing enables the miniaturization of aircraft components. The development of smaller and lighter compressor systems leading to considerable fuel savings will be one of the primary factors driving commercial aerospace 3D printing market growth.
- The rise in green construction in Asia is one of the latest 3D concrete printing market trends. The advantages of 3D concrete printing have paved the way for creating customized structures by using fewer, transportation, and recyclable materials.
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3D Printing Market Share and Segmentation
Within our 3D printing industry research, we provide deep insights into the market landscape, its segments, and their market share. Our research experts segment this market by 3D printing products, technologies, services, materials, consumables, and software. By 3D printing products, the industrial 3D printer segment accounted for the largest share in 2017. We expect this segment's market share to decline slightly through 2022 but will still hold a lead over desktop 3D printers.
Our 3D printing market segmentation research offerings include:
- 3D Printing Products Market
- Industrial 3D printer market
- Desktop 3D printer market
- 3D Printing Technology Market
- Fused deposition modeling (FDM) 3D printing market
- Selective laser sintering (SLS) 3D printing market
- Stereolithography (SLA) 3D printing market
- Electron beam melting (EBM) 3D printing market
- Laminated object manufacturing (LOM) 3D printing market
- 3D Printing Materials Market
- Plastic 3D printing market
- Metal 3D printing market
- Ceramic 3D printing market
- Paper 3D printing market
- Biomaterials 3D printing market
- 3D Printing Consumables Market
- 3D printing sandpapers market
- 3D printing sold welding consumables market
- 3D printing solvents, resins, and binders market
- 3D printing primers and paints market
- 3D Printing Software Market
- 3D printing design software market
- 3D printing inspection software market
- 3D printing scanning software market
Technavio’s 3D printing market research also segments the market by 3D printer applications, providing insights into the 3D printer market share forecasts for each application. Our 3D printing industry analysis discusses the following:
- Commercial Aerospace 3D printing market
- Automotive 3D printing market
- Healthcare 3D printing market
- 3D printing market in education
- 3D printing market in electronics
Within the 3D printing segmentation research offerings listed above, our 3D printing market reports provide insights into the following:
- 3D printing market analysis and overview
- 3D printing market size
- 3D printing market share
- 3D printing market growth
- 3D printing market forecast
- 3D printing market trends
- 3D printing industry statistics
