The market crossed US$ 2.5 billion mark in 2022 and is expected to hit US$ 6.2 billion by 2030, recording a CAGR of 12% during the forecast period.
Industrial 3D printing technology is altering from prototyping to high-volume production. Recently, 3D printing has been considered a viable technology for low- to mid-volume production. However, there are several emerging opportunities for high-volume production with 3D printing. High-volume additive manufacturing involve the usage of 3D printing systems and processes for production at given volumes of less than a million units. The added benefit of this technology is its functionality to work on a large product variances. Elimination of tooling, will help to create numerous products of different designs in a batch for a single 3D printing system and the process. In today’s complex work environments, mass production by using 3D printing can significantly reduce time to market by eliminating traditional tooling methods and cutting lead times on prototypes and end-use parts.
In the report, the market is segmented into Offering, Application, End-user, and geography. The market is further segmented by Offering Printers, Materials, Software, and Services. The application categorizes the market as Robotics, Heavy Equipment, Machinery, and Tooling. The end user is segmented into (Aerospace and Defense, Automotive, Printed Electronics, Healthcare, and Others. Geographically, the market is sub-segmented into North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa.
The emergence of key technologies in 3D printing volume manufacturing is metal binder jetting.
The key technology likely to drive market growth in 3D printing volume manufacturing is metal binder jetting. The technology has distinctive capabilities for developing high-precision components, high printing speeds, and low-cost injection molding metals. Since 2019, with increasing research and development of metal, binder jetting printers have altered into production-capable machines. For example, ExOne, 2019, Launched the new X1 160PRO metal 3D printer for high-volume production, which was commercially available in late 2020. Similarly, Desktop Metal has launched Shop System, a machine shop-friendly version of its Production System. GE offers a beta binder jetting machine suited for high-volume, low-cost parts production, an additive manufacturing powder-based material user. The machine is deployed on the factory floor of GE’s strategic partner, Cummins, a large manufacturer of power generation products. Examples of some of the major companies using 3D printing to boost their production are Lockheed Martin and Boeing (aircraft and defence parts), Invisalign (dental tools), Google (consumer electronics), GE (jet engines, medical devices, and home appliance parts), Aurora Flight Sciences (uncrewed aerial vehicles), and LUXeXcel (lenses for light-emitting diodes (LEDs)).
The rising emergence of the Printers segment is to account for the largest share of the industrial 3D printing market
The printer segment is expected to hold a large share of the industrial 3D printing market. Initially, with the introduction of the 3D printer, it was found to be more of a novelty than a practical tool. However, with their decreasing technological advancement and cost, the customer base of 3D printers has grown considerably. They are used for professional printing, producing complex and lightweight shapes for high-value products, ranging from racing cars to aircraft. The growth of the printer segment can be attributed to the changing perception of 3D printing and its evolution as a maturing manufacturing solution.
Recent strategic developments in the Industrial 3D Printing Market
The market has undergone several significant developments, and a few of these have been mentioned below:
Several players drive the Industrial 3D Printing Market by implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships, 3D Systems, Inc., Arcam EBM (GE Additive), Envision TEC Inc., EOS GmbH, Groupe Gorgé, Materialise NV, SLM Solutions Group AG, Stratasys Ltd., The ExOne Company, voxeljet AG are among the leading players operating in the global market.
The target audience for the report:
Scope of the report:
In this report, the market has been segmented based on:
The List of Companies
- 3D Systems, Inc.
- Arcam EBM (GE Additive)
- EnvisionTEC Inc.
- EOS GmbH
- Groupe Gorg?
- Materialize NV
- SLM Solutions Group AG
- Stratasys Ltd.
- The ExOne Company
- voxeljet AG