Industrial 3D Printing Market by Offering, Process, Technology, Application, End User

Description

List of Tables

[182 Pages Report] The Industrial 3D Printing Market size was estimated at USD 3.59 billion in 2023 and expected to reach USD 4.15 billion in 2024, at a CAGR 16.55% to reach USD 10.50 billion by 2030.

Industrial 3D printing, also referred to as additive manufacturing, involves the layer-by-layer construction of three-dimensional objects from digital models. Increasing demand for rapid prototyping, allowing for quick and cost-effective product development, is driving the growth of the industrial 3D printing market. The technology's ability to produce complex geometries and customized components is another significant driver, enabling manufacturers to address diverse needs. Additionally, the pursuit of operational efficiency and reduced waste in manufacturing processes further fuels the adoption of industrial 3D printing. Material limitations and quality control and standardization issues hamper the industrial 3D printing market. Growing adoption in the healthcare sector where personalized medical devices and implants can be tailored to individual patients is expected to create a platform for market growth. Rising research & development activities by market vendors to introduce novel industrial 3D printing solutions are expected to create opportunities for market growth.

KEY MARKET STATISTICS
Base Year [2023]	USD 3.59 billion
Estimated Year [2024]	USD 4.15 billion
Forecast Year [2030]	USD 10.50 billion
CAGR (%)	16.55%

Offering: Growing adoption of software to digitize real-world objects for quality inspection

Materials in industrial 3D printing including ceramics, offer potential in high-temperature applications and biocompatibility. Glass, quartz, and silica are known for transparency and purity and are significant for optics and photonics. Print precision and the removal of internal stresses are key areas for development. High demand exists for metals such as aluminum, cobalt-chromium, gold, Inconel, silver, steel, and titanium. Each metal requires particular print environments and post-processing standards. Diverse polymers, including nylon, photopolymers, polycarbonate, polylactic acid, polypropylene, polyvinyl alcohol, and various thermoplastics, cater to a broad range of application requirements. The market offers a variety of printers catering to different scales of production and capable of processing the aforementioned materials. Considerations for users include print volume capacity, speed, resolution, reliability, and cost of operation. Printers are being operated for professional printing, producing lightweight and complex shapes for high-value products, ranging from aircraft to racing cars. The growth of the printer segment can be attributed to the changing perception of 3D printing and its development as a maturing manufacturing solution. Small businesses are adopting desktop printers and diversifying their operations to offer 3D printing and other related services, ensuring accuracy. These services are further divided into consulting and manufacturing services, in which consulting services navigate a budding manufacturing player to adopt the emerging 3D technology into their business processes. Consulting service in 3D printing provides information about the suitable methods to integrate additive manufacturing technologies within manufacturing and business models. Manufacturing services ensure that the concept grows into a finished product equipped for the industries of today and tomorrow, which helps create visually striking prototypes that enhance the purpose and functionality of 3D-printed parts. Manufacturing services empower 3D printing customers to keep tight production deadlines and meet the quality standards of even the most demanding industries. Industrial 3D printing software is regarded as the industry standard for computer graphics, with an unrivaled set of features and tools. This software is segmented into the design, inspection, printing, and scanning software. Design software is used to construct the object's designs to be printed, particularly in aerospace and defense, automotive and construction, and engineering verticals. Design software works as a bridge between the objects to be printed and the printer's hardware. 3D printing focuses on providing design software with a unique user interface and advanced features to work with high precision. 3D inspection for industrial parts in which the shape and dimensional analysis are performed in a 3D way is an application for a complicated part with challenging profiles or features that conventionally take time, such as CMM and tactile measurement systems. 3D printing software tools focus on programs that help execute a 3D print. Printing software is a cloud-based 3D CAD program that utilizes the power of the cloud to bring design teams together and collaborate on complex projects. Scanning software scans objects and stores scanned documents and images of them irrespective of their size or measurements for 3D printing of these objects.

Process: High potential of material extrusion process for prototyping and low-volume production

Binder jetting is a versatile additive manufacturing process in which a liquid binding agent is selectively deposited to join powder materials. This process allows for the creation of complex geometries and is particularly noted for its speed and cost-effectiveness when producing full-color prototypes or large batches of components. Direct energy deposition is distinguished by its use of focused thermal energy such as a laser or electron beam-to fuse materials as they are deposited. DED is ideal for repairing or adding features to existing components, handling a variety of materials, including metals, allowing for the creation of gradient materials or structures. Material Extrusion involves the heating and extrusion of a material, commonly thermoplastic filament, through a nozzle to build parts layer by layer. This process is widely accessible and used for prototyping, tooling, or low-volume production, offering a good balance between cost and precision. Material jetting operates similarly to a traditional inkjet printer by jetting droplets of photopolymer that are instantly cured by UV light. This technology excels at producing parts with high accuracy, smooth surfaces, and very fine details. It's suitable for realistic prototypes with multiple materials and colors. Powder bed fusion encompasses several technologies, including selective laser sintering (SLS) and selective laser melting (SLM), which use thermal energy to fuse particles of plastic, metal, ceramic, or glass powders layer by layer. PBF is capable of producing strong and complex parts with good mechanical properties. Sheet lamination binds sheets of material together using adhesives, welding, or ultrasonic energy, then cuts the outline to form a 3D object. This method is cost-effective for creating large structures and can incorporate a wide variety of materials. Vat photopolymerization is characterized by a vat of photopolymer resin that is selectively cured by light-activated polymerization.

Technology: Rising adoption of fused deposition modeling technology due to its cost-effective and user-friendly nature

Digital light processing (DLP) utilizes a digital projector to cure photopolymer resin, creating highly accurate parts with good surface finish. The technology is particularly useful for applications requiring intricate details and is gaining traction for the production of dental devices and jewelry. It is cost-effective for small-batch production due to its high speed and precision. Electron beam melting (EBM) uses an electron beam to melt metal powder, layer by layer, in a vacuum chamber. Primarily used for high-value components in the aerospace and medical industries, EBM creates parts that are very dense and free from residual stresses. Fused deposition modeling (FDM) is one of the most widely used 3D printing technologies, especially for prototyping and functional parts. It works by extruding thermoplastic filaments through a heated nozzle, layer by layer. FDM is cost-effective and user-friendly, suitable for a range of industries including consumer products, automotive, and education. Inkjet printing technology prints parts by depositing droplets of a liquid binder to join powder material. It allows multi-material and full-color printing with relatively fast speeds. Inkjet printing is versatile and can be applied to ceramics, metals, and sand for foundry mold production, though accuracy is generally lower compared to other technologies. Laminated object manufacturing (LOM) builds parts by stacking layers of adhesive-coated paper, plastic, or metal laminates and cutting them to shape with a knife or laser. It is capable of producing large structures with high speed and low cost. Laser metal deposition (LMD) is a form of directed energy deposition that uses a laser to create metallic structures by fusing powdered material. It excels at adding material to existing parts, such as for repairs or feature addition, and is commonly used in the tooling, aerospace, and defense industries. PolyJet printing works by jetting layers of curable liquid photopolymer onto a build tray. It offers high-resolution, smooth finishes, and can print parts with multiple materials and colors simultaneously. It is beneficial for creating complex molds, prototypes, and even end-use parts in industries such as consumer goods and electronics. Selective laser sintering (SLS) uses a laser to sinter powdered material, bonding it together to create a solid structure. This technology is material-efficient, requires no support structures, and can produce durable parts with complex geometries. Its applications span from prototyping to production in sectors such as automotive, consumer goods, and industrial products. Stereolithography (SLA) is one of the earliest 3D printing methods, using an ultraviolet laser to cure liquid resin in a vat layer by layer. It is known for its fine details and smooth surface finishes, making it ideal for prototypes and models. The availability of various resin types allows for diverse applications, though post-processing can be labor-intensive.

Application: Growing application of industrial 3D printing for manufacturing to reduce lead times and accelerates time-to-market for new products

Industrial 3D printing, or additive manufacturing, has revolutionized the manufacturing sector by offering significant flexibility and efficiency in production processes. This technology is primarily leveraged for creating complex and customized parts with a high degree of design freedom. It significantly reduces material wastage compared to traditional subtractive manufacturing processes. 3D printing enables the production of lighter and stronger components for industries such as aerospace, automotive, and healthcare, where performance and precision are critical. Prototyping is one of the initial and most common applications of industrial 3D printing. It provides designers and engineers with the ability to quickly fabricate physical prototypes from CAD models, allowing for rapid iteration and testing of design concepts. The speed and cost-effectiveness of 3D printing for prototyping purposes far surpass conventional methods, drastically shortening the product development cycle. This efficiency not only facilitates more innovative and explorative design processes but also helps bring products to market more swiftly.

End User: Growing adoption of 3D printing across the consumer goods industry to ensure speed and readiness of products

The aerospace & defense sectors greatly benefit from the customization and complexity that 3D printing offers. The technology allows for lightweight and strong components, which leads to reduced fuel consumption and improved cost-effectiveness. Maintenance of aircraft and military equipment using 3D printed parts ensures speed and readiness, elevating its use as critical in R&D and production. For consumer goods, 3D printing enables customization and rapid prototyping, significantly cutting down product development time and allowing for quick responses to market trends. This technology is employed to produce toys, footwear, eyewear, and other home items, often with intricate designs not possible through traditional manufacturing methods. 3D printing in the food & culinary sector is relatively nascent, allowing for complex food designs and customization in terms of shapes and textures. It also potentially offers solutions for personalized nutrition and is being experimented with for creating sustainable food sources through alternative ingredients. The foundry & forging industry benefits from 3D printing through the creation of complex molds and cores for metal casting, significantly decreasing the lead time and cost. It provides foundries and forges with the capability to produce small batches of custom parts or prototypes without the need for expensive traditional tooling. Healthcare sees one of the most significant impacts of 3D printing with applications in personalized medical devices, prosthetics, bioprinting, and patient-specific surgical models. These applications improve patient care by personalizing treatment and devices to the patient's own anatomy and needs. The jewelry sector utilizes 3D printing primarily for prototyping and the direct manufacturing of complex, detailed pieces. This allows for intricate design unmatched by traditional crafting techniques and provides a streamlined process from design to production, fostering creativity and efficiency. In oil & gas, 3D printing is used for producing bespoke parts in areas where traditional supply chains are logistically challenging, with lead times and costs being significant factors. This includes the manufacturing of drilling tools and equipment for exploration and production activities. Printed electronics benefit from 3D printing for the prototyping and production of lightweight, flexible electronic components. This sector is rapidly evolving, with 3D printing offering a new dimension to electronic design and integration, such as in wearable devices, sensors, and conductive geometries.

Regional Insights

The industrial 3D printing market in the Americas is experiencing robust growth driven by factors such as increased demand for rapid prototyping, customization capabilities, and a focus on operational efficiency. The region's strong manufacturing sector is adopting 3D printing for its ability to create complex components with precision. Additionally, industries, including aerospace and healthcare in the Americas, are leveraging this technology for streamlined production and personalized applications, contributing to the overall expansion of the industrial 3D printing market in the region. In the Asia-Pacific region, the industrial 3D printing market is flourishing due to a surge in manufacturing activities, particularly in countries such as China and Japan. The emphasis on technological innovation, coupled with the growing demand for customized products and prototypes, propels the adoption of 3D printing across various industries. In the EMEA region, the industrial 3D printing market is witnessing substantial expansion driven by a combination of advanced manufacturing initiatives and a focus on sustainable practices. European countries, in particular, are at the forefront of integrating 3D printing for aerospace and healthcare applications. The emphasis on reducing environmental impact aligns with the technology's capacity to minimize material waste, further boosting its adoption. The EMEA region showcases a diverse landscape of opportunities, with industries leveraging industrial 3D printing for both precision engineering and innovative design solutions.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Industrial 3D Printing Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Industrial 3D Printing Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Industrial 3D Printing Market, highlighting leading vendors and their innovative profiles. These include 3D Systems, Inc., Aconity GmbH, AddUp, SAS, Adobe Inc., Aurora Labs Limited, Canon, Inc., Desktop Metal, Inc., EOS GmbH, Evolve Additive Solutions, Inc., General Electric Company, Hewlett-Packard Company, Hoganas AB, JENOPTIK AG, KLA Corporation, Koninklijke Philips N.V., Lexmark International, Inc., Matsuura Machinery Corporation, Metrologic Group SAS, Mitsubishi Electric Corporation, Modix Modular Technologies Ltd., Nikon Corporation, Orbital Express Launch Limited, Renishaw PLC, SGS SA, and Stratasys Ltd.

Market Segmentation & Coverage

This research report categorizes the Industrial 3D Printing Market to forecast the revenues and analyze trends in each of the following sub-markets:

Offering
- Materials
  - Ceramics
    - Glass
    - Quartz
    - Silica

Metals
- Aluminum
- Cobalt-Chromium
- Gold
- Inconel
- Silver
- Steel
- Titanium

Plastics
- Nylon
- Photopolymers
- Polycarbonate
- Polylactic Acid
- Polypropylene
- Polyvinyl Alcohol
- Thermoplastics

Printers
Services
- Consulting Services
- Manufacturing Services

Software
- Design Software
- Inspection Software
- Printing Software
- Scanning Software

Process
- Binder Jetting
- Direct Energy Deposition
- Material Extrusion
- Material Jetting
- Powder Bed Fusion
- Sheet Lamination
- Vat Photopolymerization

Technology
- Digital Light Processing
- Direct Metal Laser Sintering
- Electron Beam Melting
- Fused Deposition Modelling
- Inkjet Printing
- Laminated Object Manufacturing
- Laser Metal Deposition
- Poly-Jet Printing
- Selective Laser Sintering
- Stereolithography

Application
- Manufacturing
- Prototyping

End User
- Aerospace & Defense
- Automotive
- Consumer Goods
- Food & Culinary
- Foundry & Forging
- Healthcare
- Jewelry
- Oil & Gas
- Printed Electronics

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Industrial 3D Printing Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Industrial 3D Printing Market?

3. What are the technology trends and regulatory frameworks in the Industrial 3D Printing Market?

4. What is the market share of the leading vendors in the Industrial 3D Printing Market?

5. Which modes and strategic moves are suitable for entering the Industrial 3D Printing Market?

Product Code: MRR-4F4C36263878

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Growing digital transformation with an increasing need for greater manufacturing flexibility
  - 5.1.1.2. Increasing adoption of 3D printing across aerospace and automotive industries
  - 5.1.1.3. Rising government investment supporting 3D printing
- 5.1.2. Restraints
  - 5.1.2.1. High cost of development of industrial 3D printing solutions
- 5.1.3. Opportunities
  - 5.1.3.1. Growing introduction of technologically advanced 3D printing solutions
  - 5.1.3.2. Rising emphasis on sustainability and customized solutions
- 5.1.4. Challenges
  - 5.1.4.1. Certain technical limitations with the industrial 3D printing solutions
5.2. Market Segmentation Analysis
- 5.2.1. Offering: Growing adoption of software to digitize real-world objects for quality inspection
- 5.2.2. Process: High potential of material extrusion process for prototyping and low-volume production
- 5.2.3. Technology: Rising adoption of fused deposition modeling technology due to its cost-effective and user-friendly nature
- 5.2.4. Application: Growing application of industrial 3D printing for manufacturing to reduce lead times and accelerates time-to-market for new products
- 5.2.5. End User: Growing adoption of 3D printing across the consumer goods industry to ensure speed and readiness of products
5.3. Market Disruption Analysis
5.4. Porter's Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
5.5. Value Chain & Critical Path Analysis
5.6. Pricing Analysis
5.7. Technology Analysis
5.8. Patent Analysis
5.9. Trade Analysis
5.10. Regulatory Framework Analysis

6. Industrial 3D Printing Market, by Offering

6.1. Introduction
6.2. Materials
6.3. Printers
6.4. Services
6.5. Software

7. Industrial 3D Printing Market, by Process

7.1. Introduction
7.2. Binder Jetting
7.3. Direct Energy Deposition
7.4. Material Extrusion
7.5. Material Jetting
7.6. Powder Bed Fusion
7.7. Sheet Lamination
7.8. Vat Photopolymerization

8. Industrial 3D Printing Market, by Technology

8.1. Introduction
8.2. Digital Light Processing
8.3. Direct Metal Laser Sintering
8.4. Electron Beam Melting
8.5. Fused Deposition Modelling
8.6. Inkjet Printing
8.7. Laminated Object Manufacturing
8.8. Laser Metal Deposition
8.9. Poly-Jet Printing
8.10. Selective Laser Sintering
8.11. Stereolithography

9. Industrial 3D Printing Market, by Application

9.1. Introduction
9.2. Manufacturing
9.3. Prototyping

10. Industrial 3D Printing Market, by End User

10.1. Introduction
10.2. Aerospace & Defense
10.3. Automotive
10.4. Consumer Goods
10.5. Food & Culinary
10.6. Foundry & Forging
10.7. Healthcare
10.8. Jewelry
10.9. Oil & Gas
10.10. Printed Electronics

11. Americas Industrial 3D Printing Market

11.1. Introduction
11.2. Argentina
11.3. Brazil
11.4. Canada
11.5. Mexico
11.6. United States

12. Asia-Pacific Industrial 3D Printing Market

12.1. Introduction
12.2. Australia
12.3. China
12.4. India
12.5. Indonesia
12.6. Japan
12.7. Malaysia
12.8. Philippines
12.9. Singapore
12.10. South Korea
12.11. Taiwan
12.12. Thailand
12.13. Vietnam

13. Europe, Middle East & Africa Industrial 3D Printing Market

13.1. Introduction
13.2. Denmark
13.3. Egypt
13.4. Finland
13.5. France
13.6. Germany
13.7. Israel
13.8. Italy
13.9. Netherlands
13.10. Nigeria
13.11. Norway
13.12. Poland
13.13. Qatar
13.14. Russia
13.15. Saudi Arabia
13.16. South Africa
13.17. Spain
13.18. Sweden
13.19. Switzerland
13.20. Turkey
13.21. United Arab Emirates
13.22. United Kingdom

14. Competitive Landscape

14.1. Market Share Analysis, 2023
14.2. FPNV Positioning Matrix, 2023
14.3. Competitive Scenario Analysis
- 14.3.1. Eplus3D, IGO3D Announce Strategic Partnership for Metal 3D Printing
- 14.3.2. Azul 3D Raises USD 15 Million in Series A Funding to Advance 3D Printing Technology
- 14.3.3. HP and Materialise Partner to Drive Volume 3D Printing
14.4. Strategy Analysis & Recommendation

15. Competitive Portfolio

15.1. Key Company Profiles
15.2. Key Product Portfolio