“Increasing focus on high-volume production using 3D printing to drive the market for industrial 3D printing”
The industrial 3D printing market is projected to grow USD 2.0 billion in 2020 to USD 5.3 billion by 2025, at a CAGR 20.9% between 2020 and 2025. Factors such as huge investments in 3D printing by start-ups companies, increased focus on high-volume production using 3D printing, high demand for 3D printing software to produce industry-grade parts, and ease in development of customized products, significant demand for online 3D printing are driving the growth of the industrial 3D printing market. However, the lack of standardization is restraining market growth.
“Based on offering,services to be the fastest-growing segment between 2020 and 2025.”
Based on offerings, the industrial 3D printing market has been segmented into printers, materials, software, and services. The demand for services is expected to grow rapidly as most manufacturers are prototyping or manufacturing parts on demand. Most of the top players offering 3D printers also offer on-demand printing services, which would further boost the market for industrial 3D printing services.
“Based on technologies, electron beam melting to be the fastest-growing technology between 2020 and 2025.”
Based on technologies, the industrial 3D printing market has been segmented into stereolithography, fused deposition modeling, selective laser sintering, direct metal laser sintering, polyjet printing, inkjet printing, electron beam melting, laser metal deposition, laminated object manufacturing, and digital light processing. Products developed using the electron beam melting technique include small series parts, prototypes for form/fit and functional testing, and support parts such as jigs and fixtures. Electron beam melting 3D printing technology is used in industries such as aerospace, automotive, and healthcare.
“Based on process, direct energy deposition to be the fastest-growing process between 2020 and 2025.”
Based on process, the industrial 3D printing market has been segmented into binder jetting, direct energy deposition, material extrusion, material jetting, powder bed fusion, sheet lamination, and vat photo polymerization. DED, one of the leading metal 3D printing technologies, is already utilized in critical industries such as aerospace & defense, oil & gas, and marine. Aircraft manufacturers are increasingly using technology to produce structural parts for satellites and military aircraft.
“APAC industrial 3D printing market to record the highest growth rate during the forecast period.”
The industrial 3D printing market in the APAC region is expected to grow at the highest CAGR during the forecast period. The major contributors to the market in APAC are Japan and China. China has huge potential in terms of industrial 3D printing applications and is also the fastest-growing market in APAC. Leading players in the industrial 3D printing market such as 3D Systems, EOS GmbH, EnvisionTEC, ExOne, and Stratasys are expanding their distribution networks and establishing centers for industrial 3D printing training, research, and education in Asian countries.
In-depth interviews have been conducted with chief executive officers (CEOs), marketing directors, other innovation and technology directors, and executives from various key organizations operating in the industrial 3D printing market place.
- By Company Type: Tier 1–52%, Tier 2–27%, and Tier 3–21%
- By Designation: C-level Executives– 48%, Directors – 30%, and Managers–22%
- By Region: North America–40%, Europe–28%, APAC–20%,and RoW–12%
Stratasys (Israel/US), 3D Systems (US), Materialise (Belgium), EOS (Germany), GE Additive (US), ExOne (US), voxeljet (Germany), SLM Solutions (Germany), EnvisionTEC (Germany), and HP (US)are some of the key players in the industrial 3D printing market.
The study includes an in-depth competitive analysis of these key players in the industrial 3D printing market, with their company profiles, recent developments, and key market strategies.
Research Coverage
The report defines, describes, and forecasts the industrial 3D printing market based on offering, technology, process, industry, application, and region. It provides detailed information regarding factors such as drivers, restraints, opportunities, and challenges influencing the growth of the industrial 3D printing market. It also analyzes product launches, acquisitions, expansions, and partnerships carried out by the key players to grow in the market.
Key Benefits of Buying the Report
This report will help market leaders/new entrants in this industry with information on the closest approximations of the revenue numbers for the overall industrial 3D printing market and the sub segments. The report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies. The report will also help stakeholders to understand the pulse of the market and provide them with information on key market drivers, restraints, challenges, and opportunities.
