3D Printing Market: By Offering (Printer, Scanner, Material, Software, Service); By Application (Production, Prototyping, Research & Education); By End User (Consumers, Automotive, Construction) & By Geography - Forecast(2018 - 2023)

Report Code : ESR 0519 Format Type: PDF+ Excel Database

The global 3D printing market is estimated to surpass $32 billion by 2023 growing at an estimated CAGR of more than 20.5% during 2018 to 2023. The market is majorly driven by important characteristics i.e. increasing number of government investments in 3D printing projects, ease in production, customizable products and reduction in manufacturing cost.

3D Printing Market Overview:

According to the International Diabetes Federation, 425 million people globally are currently suffering from diabetes, and the disease results in lower limb amputation one in every 30 seconds.[1] However, artificial 3D printing has opened up scope in the modern medical industry for people to opt for advanced, cost-effective, and appealing designed prosthetics. Healthcare sector has helped in generating a huge demand in the 3D printing market owing to a versatile application in the dental implants, hearing aids, artificial organs, etc. 3D bioprinting fills up the gap of animal and human experimental trials with advanced bio-printed human skin, thyroid gland, and many other vital parts. The global 3D printing market generated a market value of $14.5 billion as of 2018. Technological advancement have extended manufacturing of almost every possible subject for 3D printing: automotive parts, metal printing, sample architectures and constructions, prototypes of footwear, energy production, food, educational, aeronautical approach, robotics and drones, and many other. Moreover, continuous and limitless breakthroughs in 3D printing have created an enormous impact on the industrial and commercial field thereby expanding the 3D printing economy. The extensive market opportunity is expected to advance at a robust compound annual growth rate (CAGR) of 23% through to 2025.

3D printing or additive manufacturing employs layer-by-layer deposition of suitable materials to create an object. Acceptance of 3D printing has increased progressively from prototyping to low volume manufacturing of customized products. Different type of 3D printing technologies is Stereo-lithography (SLA), Fused Deposition Modeling (FDM), Selective Laser Sintering (SLS), among others. These above-mentioned technologies are deployed in various industries such as consumers, automotive, construction, aerospace, medical and others. 

This report incorporates an in-depth assessment of 3D printing market by type, technology, application, end user industries and geography. The offering types of 3D printing encompassed in the scope include hardware, software and services. The hardware segment is further sub segmented into printers, scanners and materials.

What are the major end users for 3D Printing?
The report includes assessment of various end user industries such as automotive, construction, aerospace, medical, consumers and others. Medical industry is one of the major end users for 3D printing and holds the tremendous opportunity in near future. This segment is expected to dominate the market from short to long term. 3D Printing in medical industry can be employed for multiple applications such as surgical instruments, dental implants, orthopedic implants, prosthetic implants, cranial implants and others. 

Market Research and Market Trends of 3D Printing Ecosystem
  • X Electrical Vehicle (XEV), an Italian automobile manufacturer collaborated with Polymaker, a Shanghai-based company to produce the world's first 3D-printed vehicle (LSEV) and this is expected to enter the China market by second half of 2019. This launch of 3D-printed vehicle is anticipated to provide significant opportunities for the 3d printing market in automotive industry.
  • The American space company, SpaceX has sent a Dragon capsule to the International Space Station (ISS) which carried the first ever zero-G 3D printer. In addition, increasing traction by space agencies such as National Aeronautics and Space Administration (NASA), European Space Agency (ESA) and others is anticipated to show significant impact on the 3D printing market in near future.
  • The bio printers’ technology is in the experimental stage and is anticipated to provide prospects for the 3d printing market in food industry. Furthermore, the importance of this technology has resulted in growing R&D investments by food companies such as chocolate & confectionery manufactures.
  • According to the Oxford Performance Materials, more than 75% of the American patients damaged skull by disease or trauma was replaced with an implant from Oxford Performance Materials 3D printer and hence brought revolution in the healthcare industry
  • The consumer 3D printers market is becoming highly consolidated with Stratasys Ltd. and 3D Systems Corp. being the global behemoths in this industry. 3DSystems has been highly active with a string of acquisitions of smaller companies across the globe 

Who are the Major Players in 3D Printing market?
The companies referred in the market research report includes Stratasys Ltd., Materialise NV, 3D Systems Corp., EOS GmbH, Voxeljet AG, The Exone Company, Arcam Group, Proto Labs, Inc., Envisiontec GmbH, SLM Solutions Group AG. and more than 15 other companies.

What is our report scope?
The report incorporates in-depth assessment of the competitive landscape, product market sizing, product benchmarking, market trends, product developments, financial analysis, strategic analysis and so on to gauge the impact forces and potential opportunities of the market. Apart from this the report also includes a study of major developments in the market such as product launches, agreements, acquisitions, collaborations, mergers and so on to comprehend the prevailing market dynamics at present and its impact during the forecast period 2018-2023.

All our reports are customizable to your company needs to a certain extent, we do provide 20 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report to your needs.

Key Takeaways from this Report
  • Evaluate market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level – for product types, end use applications and by different industry verticals.
  • Understand the different dynamics influencing the market – key driving factors, challenges and hidden opportunities.
  • Get in-depth insights on your competitor performance – market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.
  • Analyze the sales and distribution channels across key geographies to improve top-line revenues.
  • Understand the industry supply chain with a deep-dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes. 
  • Get a quick outlook on the market entropy – M&A’s, deals, partnerships, product launches of all key players for the past 4 years. 
  • Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the market. 

3D Printing Market Outlook:

Computer-aided high quality 3D printing designs of delicate human organs and vascular system provides a better chance to medical experts for performing risk free preliminary trials of critical surgery. Earlier 3D printing was accomplished with inkjet printers but vernacular mediums and innovations have made it comparatively easier to print 3D model of any object successfully in the modern times. Prototyping is the major push towards 3D printing industries leaving behind conventional practices of manufacturing models and machineries. It uses high performing materials such as thermoplastics for yielding engineered aeronautical, automotive, and medical utilities. Booming 3D printing market is anticipated to leverage a mounting demand from the automotive industry with an outstanding CAGR of 15% during the period 2019-2025.

Statistical data from John Hopkins school of Medicine reveals that approximately 2 million loss of limb and 185,000 amputation cases surface in U.S. annually.[2] Rising physical deformity and incrementing medico technical advances are the prime factors because of which North America held 40% regional share in the year 2018. Apart from North America other provinces are susceptible to 3D printing market transition with compelling revenue income during the forecast period.

3D Printing Market Growth Drivers:

·Surgical trials on 3D printed organ model leads to minimal risks, proper surgery planning, identifying suitable tools for a particular case, and shrinks surgical complications, consequently, enhancing medical prowess and driving the global 3D printing market demand.

·Designing of new tools and its effective application generates amplifying future prospects for the 3D printing companies.

·Automotive industry is a major driving force to the 3D printing market owing to better customization, lower material wastage, accuracy and less time consumption, and flexible designing.

·Researches on 3D printing organ transplantation is conducted on a large scale to replace the complication of live organ transplantation owing to the cost-inefficiency, inadequate donor availability, and donor-receiver incompatibility. Around 13 people die every day without a kidney transplantation.[3] Persistent biomedical engineering advances will increase the efficacy of 3D bio-printed organs and will accomplish sophisticated applications in the medical field in the forthcoming years.

3D Printing Market Challenge:

Critical problems associated with the trending 3D printing progression includes limited material variety, limited repetition process, and narrow scale of niche expertise. Albeit the low cost 3D printing products, exorbitant rates of manufacturing procedure, equipment installation, and post-processing necessities thwart the global 3D market development. However, the optimistic approach of the manufacturing companies outpace these market challenges with rigorous investment in the technologies and embracing strategic changes.

3D Printing Market Key Players:

The leading market innovators of the global 3D printing market include Flashforge, HP, 3D Systems, Stratasys, SLM Solutions, ExOne, Organovo, EOS, GE, Materialise, XYZ Printing, Wanhau, Monoprice, Voxeljet, Prusa Research, Protolabs, Nano Dimensions, and others.

XYZ Printing is a 3D printer manufacturing company incorporating the 3D printing experience in offices, schools, and homes with accessible and less expensive printers. With 8500 engineers, they deliver products such as 3D pen, mini, and nano series, original and junior series, color, pro, nobel, and 3D scanner series.

3D Printing Market Trends:

· 3D Printing Bunion Rectification

Traumatic bunion development on the foot leads to difficulty in walking and toe movement. MedShape Orthopedic Solution Company has invented a new device for correcting hallux valgus deformity with FDA administered bone tether plate sculpted through 3D titanium alloy printing. Furthermore, mechanical drilling of bones will be escaped owing to the innovative FastForward bunion correction plate.

· Revolutionary Bio-Printed Human Skin

Recent research directed by the unique 3D bio-printer to create a lab-made skin is suitable for testing chemicals, cosmetics, and pharmaceutical experiments as well as compatible for transplantation in burn incidences. A close replica of human skin bio-printing, this method is cost-effective as compared to manual production of artificial skin.

· Persuasive Prosthetic Designs

Prosthetics have improved physical deformity with newer advances keeping an eye on the quality, design, and comfort level of the patients. Amputees changed outlook of the modern world have shaped their personal preferences. Designer prosthetic in the form of modern bionics of popular characters such as artificial hero arm are widely gaining traction among children worldwide. Widely accepted by teenagers and young amputees, the bionic trend is gradually overpowering the 3D printed prosthetics market.

3D Printing Market Research Scope:

The base year of the study is 2018, with forecast done up to 2025. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on unit shipments. These provide the key market participants with the necessary business intelligence and help them understand the future of the 3D printing market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The key areas of focus include the type of 3D printing in 3D printing market, and their specific applications in different areas.

3D Printing Market: Industry Coverage:

Global 3D printing market is segmented on the basis of offering, application, and end user. Bifurcation based on offering includes printer, scanner, material, software, service, and others. On the basis of application categorization includes production, prototyping, and research and education. By end user this market is divided into consumers, automotive, construction, and so on.

The 3D printing market also analyzes the major geographic regions for the market as well as the major countries for the market in these regions. The regions and countries covered in the study include:            

•           North America: The U.S., Canada, Mexico

•           South America: Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, Costa Rica

•           Europe: The U.K., Germany, Italy, France, the Netherlands, Belgium, Spain, Denmark

•           APAC: China, Japan, Australia, South Korea, India, Taiwan, Malaysia, Hong Kong

•           Middle East and Africa: Israel, South Africa, Saudi Arabia

[1] https://www.idf.org/our-activities/care-prevention/diabetic-foot.html

[2] https://www.hopkinsmedicine.org/health/treatment-tests-and-therapies/amputation

[3] https://roundtables.abl.org/3d-printing-lifesaving-organs-on-demand/


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