0

3D Printing Market Expected to Reach $94.0 Billion by 2030—Allied Market Research

 
2022
3D Printing Market

Report Code : A00145

quote According to Himanshu Jangra, Lead Analyst, Semiconductor and Electronics, at Allied Market Research, “The 3D Printing market share is expected to witness considerable growth owing to increase in demand for3D printing solution across defense, automotive, healthcare sectors, especially in the U.S and Canada due to rising in demand for digital infrastructure solution in these countries." quote

Himanshu Jangra - Analyst
Semiconductor and Electronics at Allied Market Research

Get 20% Free Customization In This Report
Follow us on Social Media:       
 

According to a new report published by Allied Market Research, titled, “3D Printing Marketby Technology, Application, and Region: Opportunity Analysis and Industry Forecast, 2021–2030," The 3D printing market was valued at $13.2 billion in 2020 and is estimated to reach $94.0 billion by 2030, growing at a CAGR of 22.1% from 2021 to 2030.

3D printing, commonly known as assistive printing technology, is an enhanced manufacturing process designed to enable users to create models utilizing a wide range of printing materials. Polymers, metals, ceramics, and other materials are among the materials utilized in 3D printing. Moreover, the printing medium chosen is determined by the characteristics of the printed product as well as the region of application. Certain 3D printers can create models using various materials at the same time, which simplifies the production process. In addition, the uses of 3D printing service have grown rapidly as it provides better speed, higher precision, and finer resolution.

The growth of the 3D Printing market is majorly driven by government investments in 3D printing projects coupled with ease in development in customized products. Furthermore, a reduction in manufacturing cost and process downtime is anticipated to drive the growth of the market. However, lack of standard process control and limited availability &high cost associated with 3D printing materials act as prime restraints of the market. On the contrary, the rise in utilization of 3D printing in healthcare sectors and applications in various industries paired with improved manufacturing processes are anticipated to provide lucrative opportunities for the expansion of the 3D Printing industry during the forecast period. 

According to the 3D Printing market analysis, the consumer electronics segment was the highest contributor to the 3D printing solutions in 2020 due to the surge in the adoption of IoT applications. The consumer electronics and automotive segments collectively accounted for around 40.2% 3D printing market share in 2020.

The outbreak of COVID-19 has significantly impacted the growth of the 3D Printing market, owing to a significant impact on prime market players. Conversely, the rise in demand for 3D printer filament and resin 3D printer applications has escalated the demand for 3D printing solutions in North America during the pandemic. However, the lack of availability of a professional workforce due to partial and complete lockdown implemented by governments restrained the growth of the 3D Printing market during a pandemic. On the contrary, the healthcare sector globally started to deploy digital printing solutions, which is expected to boost the 3D Printing market size post-pandemic.

Region-wise, North America, especially U.S., holds a significant share in the 3D Printing market owing to the presence of prime players. The adoption of next-generation 3D technology across prime sectors has strengthened the growth of the 3D Printing industry in this region. Moreover, the surge in demand for 3D printing solutions in the healthcare sector is anticipated to drive the 3D Printing market growth.

KEY FINDINGS OF THE STUDY

  • In 2020, the stereolithography segment accounted for maximum revenue and is projected to grow at a notable CAGR of 22.6% during the forecast period.
  • The consumer electronics and automotive segments together accounted for around 40.2% of the 3D Printing market trends in 2020.
  • The defense segment is projected to grow at a CAGR of 24.9% during the forecast period.
  • North America contributed for the major share in the 3D Printing market, accounting for more than 49.6% share in 2020.

The key players profiled in the report include 3D Systems, Arcam AB, Autodesk Inc., Stratasys Ltd., The ExOne Company, Optomec, Inc., Organovo Holdings, Inc., Protolabs, Voxeljit AG, and Hoganas AB. Market players have adopted various strategies, such as product launch, collaboration& partnership, joint venture, and acquisition to expand their foothold in the 3D Printing market.

 

Need More Information

pr-det-talk Talk to David (Europe)

pr-det-talk Talk to Sona Padman (Americas)

5933 NE Win Sivers Drive #205,
Portland, OR 97220 United States

pr-det-phone Toll Free: +1-800-792-5285

pr-det-phone UK: +44-845-528-1300

pr-det-phone Hong Kong: +852-301-84916

pr-det-phone India (Pune): +91 2066346060

pr-det-phone Fax: +1(855) 550-5975

pr-det-phone help@alliedmarketresearch.com

 

For Media Inquiries, Please Contact

Allied Market Research
Contact Toll Free: +1-800-792-5285
Drop us an email at
media@alliedmarketresearch.com

Looking for Customization?

 Customization Request

Have a Question?

 Speak with Analyst

Any Confusion?

 Inquire Before Buying

Have a glance of the Report

  Request Free Sample
 
 

First time buyer?
Check offers and discount on this report
To get this report

Click Here
 
 

quote 3D Printing Market by Technology (Stereolithography (SLA), Selective laser sintering (SLS), Electron beam melting (EBM), Fused deposition modeling (FDM), Laminated object manufacturing (LOM), Others), by Application (Consumer Electronics, Industrial, Aerospace, Automotive, Healthcare, Defense, Education and research, Others): Global Opportunity Analysis and Industry Forecast, 2020-2030 quote

View Report
 
 

Avenue: Entire Library membership of Allied Market Research Reports at your disposal

  • Avenue is an innovative subscription-based online report database.
  • Avail an online access to the entire library of syndicated reports on more than 2,000 niche industries and company profiles on more than 12,000 firms across 11 domains.
  • A cost-effective model tailored for entrepreneurs, investors, and students & researchers at universities.
  • Request customizations, suggest new reports, and avail analyst support as per your requirements.
  • Get an access to the library of reports at any time from any device and anywhere.

 
 

WHY ALLIED MARKET RESEARCH?

INFLALLIBLE METHODOLOGY

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

ANALYST SUPPORT

For complete satisfaction

CUSTOMIZATION

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers

 

Featured Readings

 

Buy Full Version
"3D Printing Market"
Purchase Enquiry

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

Get Industry Data Alerts

Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of the scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save the time of readers