The global 3D printing market is growing at a considerable CAGR of 20.0% during the forecast period. Increasing need and demand for customized 3D printing products, rising applications in various sectors are prime factors affecting and driving the market. Increasing technology innovations in 3D printing are also estimated to be the key factor that significantly contributes towards the growth of the market. However, high cost that is involved initially is the major factors constraints which is hindering the growth of the global 3D printing market across the globe. 

However, growing adoption of 3D printing in consumer electronics is also acting as one of the key factors that are creating opportunity for the market. New product launches in the market are likely to drive the growth of the global 3D printing market. For instance, in October 2020, one of the 3D printing companies named as Formlabs had introduced two new proprietary materials in order to enlarge 3D printing for users. Rigid 10K Resin and a reformulation of Draft Resin materials will put more of the benefits to stereolithography (SLA) 3D printing.

Impact of COVID-19 Pandemic on the Global 3D Printing Market 

The global 3D printing market is hardly hit by the COVID-19 pandemic since December 2019. The COVID-19 pandemic in these major economies had brought a lot of disruption across the globe. Due to the COVID-19 pandemic, the supply chain was disrupted and a shortage of labor was there that adversely affected the 3D printing production. However, the demand was also generated for the fulfillment of medical needs that is one of the factors to boost the market. 

Segmental Outlook 

The market is segmented based on technology, material and end user. Based on technology, the market is segmented into stereo lithography technology (SLA), fused deposition modeling (FDM), selective laser sintering technology (SLS), direct metal laser sintering technology (DMLS), electron beam melting technology (EBM) and other. By material, the market is segmented into polymer and metals and alloys. Further by end user the market is segmented into consumer goods, healthcare industry, aerospace and automobile industry, education and research industry and other. 

Global 3D Printing Market Share by Technology 2020 (%)

Based on technology, stereo lithography technology (SLA) hold a significant share in the market as it considered to be one of the most valuable technologies in 3D printing. It works by using a high-powered laser that supports to harden liquid resin for the purpose of making the 3D shape as per the need and requirement. Additionally, it is economical and it also supports in scaling in an easy manner with multi material process.

Regional Outlooks

The global 3D printing market is analyzed based on the geographical regions that are contributing significantly towards the growth of the market. Based on the geography, the market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. North America held a considerable share in 2020 in the global 3D printing market. Some factors that are boosting the market growth in North America are rising investment from manufacturers along with increasing demand in varied domains associated with 3D printing. Additionally, an extensive research and development activity and technological advancement is also driving the growth of the market.

Global 3D Printing Market, by Region 2021-2027

Asia-Pacific will have Considerable Growth in the Global 3D Printing Market

Asia-Pacific region is expected to witness significant growth opportunities for the market. Increasing usage of 3D printing in application related with healthcare is likely to drive the growth of the regional market. Additionally, increasing production of consumer electronics in this region especially in South Korea, China and India is increasing activity in the market. Further, rapid income growth, increasing urbanization are also some of the factors that are affecting and impacting the growth in this market. 

Market Player Outlook

Key players of the global 3D printing market are 3D Systems, Inc., General Electric, Optomec, Inc., Proto Labs, Stratasys Ltd. To survive in the market, these players adopt different marketing strategies such as product launches and acquisition. For instance, in January 2021, Formlabs had introduced the first benchtop industrial selective laser sintering (SLS) 3D printer. The Fuse1 will support the engineers, designers, along with manufacturers for product development along with end-use production. Additionally, for the post-processing system for the Fuse1, the company also launches fuse sift along with nylon 12 powders for offering end-to-end SLS workflow.

In January 2021, Stratasys Ltd. had completed the acquisition of Origin which will support Stratasys Ltd. in adding printing-based technology that is for production-oriented polymer applications.

In January 2021, Proto Labs had done the complete acquisition of 3D Hubs, Inc. for around $280 million in order to enlarge their offering for its customers in contract custom manufacturing across the globe.

In December 2020, with the support of vision platform 3D printing technology one of the companies named as Luxexcel had achieved and reached around 50,000 prescription lenses by using its proprietary hardware, software and materials. 

In November 2020, Optomec, Inc. had announced its 2 new 3D metal printers which is a system that is based on Directed Energy Deposition (DED). Additionally, these printers have inert processing capability that is an optional that generally optimizes printing reflective along with reactive alloys such as copper, aluminum and titanium and other common metals.

In January 2020, Optomec, Inc. had brought out Aerosol Jet HD2 that utilizes electronics printing solution in order to produce high resolution circuitry in order to meet the demand for miniaturization of mobile and wearable products.

In November 2019, BASF SE had done the acquisition of Sculpteo which is a 3D printing platform across the globe. With this acquisition of Sculpteo the company can offer its customers and partners with quick access to innovative solution related with 3D printing.

In June 2019, Proto Labs had announced new production capabilities for its metal 3D printing service. These new capabilities will utilize the secondary processes in order to improve the exactness, strength along with cosmetic appearance of metal parts.

The Report Covers

    • Market value data analysis of 2020 and forecast to 2027.

    • Annualized market revenues ($ million) for each market segment.

    • Country-wise analysis of major geographical regions.

    • Key companies operating in the global 3D printing market based on the availability of data, information related to new product launches, and relevant news is also available in the report.

    • Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.

    • Analysis of market-entry and market expansion strategies.

    • Competitive strategies by identifying ‘who-stands-where in the market.