Abstract
Summary
REPORT HIGHLIGHT
3D Printing Market was valued at USD 11.62 billion by 2018, growing with 12.6% CAGR during the forecast period, 2020-2026.
Market dynamics
3D Printing (3DP), also known as additive manufacturing, involves adding layers to materials, using 3D printers and programs, to create objects that point to 3D files. Market growth is expected to result in strong R&D of 3D printing and increased demand for key models in the defense, healthcare, automotive, aerospace, and other industries. However, common misconceptions about the prototyping process among SMEs can impair the adoption of this technology to some extent.
Types of Printer Segment Takeaway
The industrial printer market is expected to continue to dominate due to widespread usage in industries such as aerospace, electronics, automotive, and defense and health. However, the usage of desktop printers was only made by small companies. But this segment has gained popularity among domestic and household applications, which will boost the demand for this segment. Moreover, many educational centers are making use of desktop printers for research and training purposes.
Technology Takeaway
Existing 3D printers on the market include digital light processing (DLP), fused deposition modeling (FDM), laminated object manufacturing (LOM), direct metal laser sintering (DMLS), electron beam melting (EBM), inkjet printing, laser metal deposition (LMD), polyjet/multijet printing (MJP), stereolithography (SLA), selective laser sintering (SLS).
Currently, FDM is leading in the market as it is widely used in sectors like automotive, aerospace, consumer goods, and others. It plays a pivotal role in the production of complex parts whose design is quite sophisticated by using traditional methods. This segment has grabbed 46% of the market as compared to other 3D printing technologies.
Software Takeaway
Based on the software, the market is divided into inspection, design, scanning, and printer software. The design software works as a mediator between the printer’s hardware and the object which is to be printed. This segment is expected to get a good start in the coming years.
The scanning software is also expected to take a leading edge in the market. This growth is because of its capability to retain the scanned images regardless of their shape and size. Because of the increase in the adoption rate, the segment is anticipated to witness exponential growth during the forecast period.
Application Takeaway
Prototyping has registered the highest growth in 2017 and is expected to maintain the same dominance during the forecast period. Many industries like aerospace, automotive, and defense are adopting prototyping for designing and development of complex systems. 3D printing has made it possible to get prototypes by using computer-aided design (CAD). This allows companies to get control over wastage happens during prototype transitions and also allows them to cut down operational costs. It also caters to pocket-friendly prototypes for meeting the consumers’ requirements regarding accuracy, smoothness, and structure of products.
Vertical Takeaway
The 3D printing market is divided into desktop and industrial printing. Desktop 3DP comprises fashion, educational purpose, objects, jewelry, food, dental, and others. The three-dimensional industrial printing consists of aerospace, vehicles, healthcare, security, electronics, energy, power, and more. Consumer electronics shafts, health, and automobiles are expected to contribute significantly to growth in the forecast period due to the effective dependence of various manufacturing processes.
Regional Takeaway
Owing to applications in the sector of healthcare, industrial, aerospace, and consumer product, North America is expected to boom in the upcoming years. U.S. and Canada are known for the early adoption of 3D printing. There are various product launches and acquisitions in this region, which are making use of 3D printing. The major reason which is resulting in an increase in investment is the evolution of new technologies for reaching the untouched market in the manufacturing segment.
Key Vendor Takeaway
Key players include: Voxeljet AG, Tiertime, Stratasys Ltd., Shapeways, Inc., Proto Labs, Inc., Organovo Holdings Inc., Materialise NV, Optomec, Inc., Made In Space, HP Inc., GmbH, GE Additive, ExOne, EOS (Electro-Optical Systems, EnvisionTec, Inc., Dassault Systemes, Canon, Inc., Autodesk, Inc., Arcam AB, 3DCeram, and 3D Systems, Inc. In April 2019, 3D systems officially declared the opening of their Advanced Additive Manufacturing center in Italy. From the past 1.5 years, they spent many million dollars in the expansion of their manufacturing capacity to satisfy the needs of customers.
The market size and forecast for each segment and sub-segments has been considered as below:
Historical Year – 2017 to 2018
Base Year – 2019
Estimated Year – 2020
Projected Year – 2026
TARGET AUDIENCE
Traders, Distributors, and Suppliers
Manufacturers
Government and Regional Agencies
Research Organizations
Consultants
Distributors
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
MARKET, BY PRINTER TYPE
Desktop Printers
Industrial Printers
MARKET, BY TECHNOLOGY
Stereolithography
Fuse Deposition Modeling
Selective Laser Sintering
Direct Metal Laser Sintering
Polyjet
Inkjet
Electron Beam Melting
Laser Metal Deposition
Digital Light Processing
Laminated Object Manufacturing
MARKET, BY SOFTWARE
Design Software
Inspection Software
Printer Software
Scanning Software
MARKET, BY APPLICATION
Prototyping
Tooling
Functional Parts
MARKET, BY VERTICAL
Automotive
Aerospace & Defense
Healthcare
Consumer Electronics
Industrial
Powder & Energy
Others
MARKET, BY REGION
North America
The U.S.
Canada
Europe
Germany
France
Italy
Spain
United Kingdom
Rest of Europe
Asia Pacific
India
China
South Korea
Japan
Singapore
Rest of APAC
Latin America
Brazil
Mexico
Argentina
Rest of LATAM
Middle East and Africa
Saudi Arabia
United Arab Emirates
Rest of MEA
Table of Contents
1 3D PRINTING MARKET OVERVIEW
1.1 Study Scope
1.2 Assumption and Methodology
2 EXECUTIVE SUMMARY
2.1 Market Snippet
2.1.1 Market Snippet by Printer Type
2.1.2 Market Snippet by Technology
2.1.3 Market Snippet by Software
2.1.4 Market Snippet by Application
2.1.5 Market Snippet by Vertical
2.1.6 Market Snippet by Region
2.2 Competitive Insights
3 3D PRINTING KEY MARKET TRENDS
3.1 Market Drivers
3.1.1 Impact Analysis of Market Drivers
3.2 Market Restraints
3.2.1 Impact Analysis of Market Restraints
3.3 Market Opportunities
3.4 Market Future Trends
4 3D PRINTING INDUSTRY STUDY
4.1 Porter’s Five Forces Analysis
4.2 Marketing Strategy Analysis
4.3 Growth Prospect Mapping
4.4 Regulatory Framework Analysis
5 3D PRINTING MARKET LANDSCAPE
5.1 Market Share Analysis
5.2 Key Innovators
5.3 Breakdown Data, by Key manufacturer
5.3.1 Established Player Analysis
5.3.2 Emerging Player Analysis
6 3D PRINTING MARKET - BY PRINTER TYPE
6.1 Overview
6.1.1 Segment Share Analysis, By Printer Type, 2019 & 2026 (%)
6.2 Desktop Printers
6.2.1 Overview
6.2.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2026, (US$ Million)
6.3 Industrial Printers
6.3.1 Overview
6.3.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2026, (US$ Million)
7 3D PRINTING MARKET - BY TECHNOLOGY
7.1 Overview
7.1.1 Segment Share Analysis, By Technology, 2019 & 2026 (%)
7.2 Stereolithography
7.2.1 Overview
7.2.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2026, (US$ Million)
7.3 Fuse Deposition Modeling
7.3.1 Overview
7.3.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2026, (US$ Million)
7.4 Selective Laser Sintering
7.4.1 Overview
7.4.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2026, (US$ Million)
7.5 Direct Metal Laser Sintering
7.5.1 Overview
7.5.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2026, (US$ Million)
7.6 Polyjet
7.6.1 Overview
7.6.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2026, (US$ Million)
7.7 Inkjet
7.7.1 Overview
7.7.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2026, (US$ Million)
7.8 Electron Beam Melting
7.8.1 Overview
7.8.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2026, (US$ Million)
7.9 Laser Metal Deposition
7.9.1 Overview
7.9.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2026, (US$ Million)
7.10 Digital Light Processing
7.10.1 Overview
7.10.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2026, (US$ Million)
7.11 Laminated Object Manufacturing
7.11.1 Overview
7.11.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2026, (US$ Million)
8 3D PRINTING MARKET - BY SOFTWARE
8.1 Overview
8.1.1 Segment Share Analysis, By Software, 2019 & 2026 (%)
8.2 Design Software
8.2.1 Overview
8.2.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2026, (US$ Million)
8.3 Inspection Software
8.3.1 Overview
8.3.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2026, (US$ Million)
8.4 Printer Software
8.4.1 Overview
8.4.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2026, (US$ Million)
8.5 Scanning Software
8.5.1 Overview
8.5.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2026, (US$ Million)
9 3D PRINTING MARKET - BY APPLICATION
9.1 Overview
9.1.1 Segment Share Analysis, By Application, 2019 & 2026 (%)
9.2 Prototyping
9.2.1 Overview
9.2.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2026, (US$ Million)
9.3 Tooling
9.3.1 Overview
9.3.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2026, (US$ Million)
9.4 Functional Parts
9.4.1 Overview
9.4.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2026, (US$ Million)
10 3D PRINTING MARKET - BY VERTICAL
10.1 Overview
10.1.1 Segment Share Analysis, By Vertical, 2019 & 2026 (%)
10.2 Automotive
10.2.1 Overview
10.2.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2026, (US$ Million)
10.3 Aerospace & Defense
10.3.1 Overview
10.3.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2026, (US$ Million)
10.4 Healthcare
10.4.1 Overview
10.4.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2026, (US$ Million)
10.5 Consumer Electronics
10.5.1 Overview
10.5.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2026, (US$ Million)
10.6 Industrial
10.6.1 Overview
10.6.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2026, (US$ Million)
10.7 Powder & Energy
10.7.1 Overview
10.7.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2026, (US$ Million)
10.8 Others
10.8.1 Overview
10.8.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2026, (US$ Million)
11 3D PRINTING MARKET- BY GEOGRAPHY
11.1 Introduction
11.1.1 Segment Share Analysis, By Region, 2019 & 2026 (%)
11.2 North America
11.2.1 Overview
11.2.2 Key Manufacturers in North America
11.2.3 North America Market Size and Forecast, By Country, 2017 - 2026 (US$ Million)
11.2.4 North America Market Size and Forecast, By Printer Type, 2017 - 2026 (US$ Million)
11.2.5 North America Market Size and Forecast, By Technology, 2017 - 2026 (US$ Million)
11.2.6 North America Market Size and Forecast, By Software, 2017 - 2026 (US$ Million)
11.2.7 North America Market Size and Forecast, By Application, 2017 - 2026 (US$ Million)
11.2.8 North America Market Size and Forecast, By Vertical, 2017 - 2026 (US$ Million)
11.2.9 U.S
- 11.2.9.1 Overview
- 11.2.9.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2026, (US$ Million)
11.2.10 Canada
- 11.2.10.1 Overview
- 11.2.10.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2026, (US$ Million)
11.3 Europe
11.3.1 Overview
11.3.2 Key Manufacturers in Europe
11.3.3 Europe Market Size and Forecast, By Country, 2017 - 2026 (US$ Million)
11.3.4 Europe Market Size and Forecast, By Printer Type, 2017 - 2026 (US$ Million)
11.3.5 Europe Market Size and Forecast, By Technology, 2017 - 2026 (US$ Million)
11.3.6 Europe Market Size and Forecast, By Software, 2017 - 2026 (US$ Million)
11.3.7 Europe Market Size and Forecast, By Application, 2017 - 2026 (US$ Million)
11.3.8 Europe Market Size and Forecast, By Vertical, 2017 - 2026 (US$ Million)
11.3.9 Germany
- 11.3.9.1 Overview
- 11.3.9.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2026, (US$ Million)
11.3.10 Italy
- 11.3.10.1 Overview
- 11.3.10.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2026, (US$ Million)
11.3.11 United Kingdom
- 11.3.11.1 Overview
- 11.3.11.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2026, (US$ Million)
11.3.12 France
- 11.3.12.1 Overview
- 11.3.12.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2026, (US$ Million)
11.3.13 Rest of Europe
- 11.3.13.1 Overview
- 11.3.13.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2026, (US$ Million)
11.4 Asia Pacific (APAC)
11.4.1 Overview
11.4.2 Key Manufacturers in Asia Pacific
11.4.3 Asia Pacific Market Size and Forecast, By Country, 2017 - 2026 (US$ Million)
11.4.4 Asia Pacific Market Size and Forecast, By Printer Type, 2017 - 2026 (US$ Million)
11.4.5 Asia Pacific Market Size and Forecast, By Technology, 2017 - 2026 (US$ Million)
11.4.6 Asia Pacific Market Size and Forecast, By Software, 2017 - 2026 (US$ Million)
11.4.7 Asia Pacific Market Size and Forecast, By Application, 2017 - 2026 (US$ Million)
11.4.8 Asia Pacific Market Size and Forecast, By Vertical, 2017 - 2026 (US$ Million)
11.4.9 India
- 11.4.9.1 Overview
- 11.4.9.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2026, (US$ Million)
11.4.10 China
- 11.4.10.1 Overview
- 11.4.10.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2026, (US$ Million)
11.4.11 Japan
- 11.4.11.1 Overview
- 11.4.11.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2026, (US$ Million)
11.4.12 South Korea
- 11.4.12.1 Overview
- 11.4.12.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2026, (US$ Million)
11.4.13 Rest of APAC
- 11.4.13.1 Overview
- 11.4.13.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2026, (US$ Million)
11.5 Latin America
11.5.1 Overview
11.5.2 Key Manufacturers in Latin America
11.5.3 Latin America Market Size and Forecast, By Country, 2017 - 2026 (US$ Million)
11.5.4 Latin America Market Size and Forecast, By Printer Type, 2017 - 2026 (US$ Million)
11.5.5 Latin America Market Size and Forecast, By Technology, 2017 - 2026 (US$ Million)
11.5.6 Latin America Market Size and Forecast, By Software, 2017 - 2026 (US$ Million)
11.5.7 Latin America Market Size and Forecast, By Application, 2017 - 2026 (US$ Million)
11.5.8 Latin America Market Size and Forecast, By Vertical, 2017 - 2026 (US$ Million)
11.5.9 Brazil
- 11.5.9.1 Overview
- 11.5.9.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2026, (US$ Million)
11.5.10 Mexico
- 11.5.10.1 Overview
- 11.5.10.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2026, (US$ Million)
11.5.11 Argentina
- 11.5.11.1 Overview
- 11.5.11.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2026, (US$ Million)
11.5.12 Rest of LATAM
- 11.5.12.1 Overview
- 11.5.12.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2026, (US$ Million)
11.6 Middle East and Africa
11.6.1 Overview
11.6.2 Key Manufacturers in Middle East and Africa
11.6.3 Middle East and Africa Market Size and Forecast, By Country, 2017 - 2026 (US$ Million)
11.6.4 Middle East and Africa Market Size and Forecast, By Printer Type, 2017 - 2026 (US$ Million)
11.6.5 Middle East and Africa Market Size and Forecast, By Technology, 2017 - 2026 (US$ Million)
11.6.6 Middle East and Africa Market Size and Forecast, By Software, 2017 - 2026 (US$ Million)
11.6.7 Middle East and Africa Market Size and Forecast, By Application, 2017 - 2026 (US$ Million)
11.6.8 Middle East and Africa Market Size and Forecast, By Vertical, 2017 - 2026 (US$ Million)
11.6.9 Saudi Arabia
- 11.6.9.1 Overview
- 11.6.9.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2026, (US$ Million)
11.6.10 United Arab Emirates
- 11.6.10.1 Overview
- 11.6.10.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2026, (US$ Million)
12 KEY VENDOR ANALYSIS
12.1 Optomec, Inc
12.1.1 Company Snapshot
12.1.2 Financial Performance
12.1.3 Product Benchmarking
12.1.4 Strategic Initiatives
12.2 Tiertime
12.3 Stratasys Ltd
12.4 Shapeways, Inc
12.5 Proto Labs, Inc
12.6 Made In Space, HP Inc
12.7 GmbH, GE Additive
12.8 EOS (Electro-Optical Systems)
12.9 EnvisionTec, Inc
12.10 Dassault Systemes
12.11 Canon, Inc
12.12 Autodesk, Inc
12.13 Arcam AB
12.14 Voxeljet AG
12.15 Organovo Holdings Inc
12.16 Materialise NV
12.17 ExOne
12.18 3DCeram
12.19 3D Systems, Inc
13 360 DEGREE ANALYSTVIEW
14 APPENDIX
14.1 Research Methodology
14.2 References
14.3 Abbreviations
14.4 Disclaimer
14.5 Contact Us