Industrial-3d Printing Market Size, Share, Industry Trends and Forecast to 2030

Industrial-3D Printing Market Size & CAGR in 2021

The global industrial 3D printing market is anticipated to reach a market size of USD 12.5 billion in 2021, with a Compound Annual Growth Rate (CAGR) of 16.3% from 2021 to 2028. The market is expected to witness significant growth due to the increasing adoption of additive manufacturing technologies across various industries.

COVID-19 Impact on the Industrial-3D Printing Market

The COVID-19 pandemic has had a mixed impact on the industrial 3D printing market. While the initial phases of the pandemic disrupted supply chains and manufacturing processes, there has been a growing need for on-demand production and rapid prototyping, driving the adoption of 3D printing technologies in various sectors. Companies have been leveraging 3D printing to produce essential medical supplies, personal protective equipment, and other critical components during the pandemic.

Industrial-3D Printing Dynamics

The industrial 3D printing market is witnessing significant technological advancements, including the development of new materials and improved printing processes. Key drivers of market growth include the demand for customized and complex components, cost-effective production, and sustainable manufacturing practices. Additionally, the rising adoption of 3D printing in aerospace, automotive, healthcare, and other industries is fueling market growth.

Segments and Related Analysis

The industrial 3D printing market can be segmented based on technology, material, application, and end-user industry. Key technologies include selective laser sintering, stereolithography, fused deposition modeling, and others. Materials commonly used in industrial 3D printing include metals, polymers, ceramics, and composites. Applications of 3D printing span across prototyping, tooling, direct manufacturing, and more.

By Region Analysis

The industrial 3D printing market is geographically segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America currently holds a significant market share due to the presence of key players and advanced manufacturing infrastructure. Asia Pacific is expected to witness rapid growth in the coming years, driven by increasing investments in additive manufacturing technologies.

Key Market Players and Competitive Landscape

Some of the key players in the industrial 3D printing market include 3D Systems Corporation, Stratasys Ltd., EOS GmbH, HP Development Company, LP, and Materialise NV. These companies are actively involved in research and development initiatives, strategic partnerships, and product launches to stay competitive in the market.

Recent Happenings in the Industrial-3D Printing Market

In recent months, there have been significant developments in the industrial 3D printing market. Companies are focusing on enhancing their manufacturing capabilities, expanding their product portfolios, and exploring new applications for 3D printing technology. Additionally, collaborations between industry players and research institutions are driving innovation and pushing the boundaries of additive manufacturing.