3D Printing Market Market Outlook
Expert Market Analysis has released a report entitled, “Global 3D printing market sizeThe 3D printing industry reached USD 16.87 billion by 2022. The market is expected to grow further at a CAGR between 2023-2028 of 22.10%, owing to the growing demand for customized products and increasing applications of 3D printers across different industries. By 2028 the market will reach USD 55.9 Billion.
The 3D printing process, also called additive manufacturing, creates physical objects by depositing layers of material on top of a digital design. The manufacturing process has been revolutionized by rapid prototyping and customisation. The 3D printing process is more environmentally sustainable because of its waste reduction and flexibility. This technology has many applications, such as in automotive, aerospace healthcare and consumer goods.
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The global 3D-printing market is booming due to the growing demand for customized products. The growing demand for customised products and the changing customer expectations has led to a shift in production towards on-demand, which is driving up 3D printing. Moreover, Industry 4.0’s trend and the digitalization of manufacturing processes has contributed to 3D printing’s popularity.
The various applications of 3D printers in diverse industries also contribute to the expansion of the 3D print market. 3D-printing is used to reduce the time and costs associated with traditional manufacturing in the automotive and aerospace industry. 3D-printed medical devices and prosthetics have improved patient care in the healthcare sector. Further, consumer goods use 3D printers to create personalized products, expanding the 3D market.
In addition, the increasing adoption of 3D-printing in the education sector led to increased attention on this technology as essential for learning and innovation. The growing emphasis on STEM education, and the popularity of experiential learning has led to 3D printers becoming a key component in educational institutions. This is contributing to the 3D market’s development.
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Segmentation 3D Printing Market
The market can also be segmented by component, printer type and technology.
Market Analysis by Component
Market Segmentation by Printer Type
- Desktop 3D printer
- Industrial Printer
Market Segmentation by Technology
- Stereolithography
- Fuse Deposition Modelling (FDM)
- Selective Laser Sintering
- Direct Metal Laser Sintering
- Polyjet Printing
- Inkjet Printing
- Electron Beam Melting (EBM)
- Laser Metal Deposition
- Digital Light Processing
- Laminated Object Manufacturing
- You can also find out more about Other
Market Analysis by Material
- Polymer
- Metal
- Ceramic
- You can also find out more about Other
Market Analysis by Process
- Binder Jetting
- Material Extrusion
- Material Jetting
- Powder Bed Fusion
- Vat photopolymerisation
- You can also find out more about Other
Market Breakdown by Application
- Prototyping
- Tooling
- Functional Parts
Market Segmentation by End Use
- Vehicles
- Education
- Aerospace and Defence
- Healthcare
- Consumer Electronics
- Power and Energy
- You can also find out more about Other
Market Segmentation by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East Africa
Competitive Landscape
The EMR report examines the market shares of global 3D printer companies, as well as their capacities, investments, acquisitions, mergers, and other major developments. Expert Market Research has explored the following key players in its report:
- 3D Systems, Inc.
- Xometry, Inc.
- Stratasys Ltd.
- Proto Labs, Inc.
- Velo3D, Inc.
- Desktop Metal, Inc.
- Materialise NV
- Nano Dimension Ltd
- Shapeways, Inc.
- Markforged, Inc.
- You can also find out more about Other
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Super Market Research first published 3D printing market trends, size, share, growth, report, forecast 2023-28.
COMTEX_441187742/2607/2023-09-29T05:35:56