The global 3D printing market size was valued at USD 20.37 billion in 2023 and is expected to register a CAGR of 23.5% from 2024 to 2030. The aggressive research & development in three-dimensional printing and the growing demand for prot otyping applications from various industry verticals, particularly healthcare, automotive, and aerospace & defense, are expected to drive the growth of the market.
The use of 3D printing in industrial applications is usually referred to as additive manufacturing (AM). Additive manufacturing involves a layer-by-layer addition of material to form an object, referring to a three-dimensional file, with the help of software and a 3-dimensional printer. A relevant 3D printing technology is selected from the available set of technologies to implement the process. The last step involves the deployment of this process across different industry verticals based on the necessity.
The deployment includes providing installation services, offering consultation solutions, and customer support, as well as handling aspects related to copyrights, licensing, and patenting. 3D printing is benefiting manufacturers in terms of prototyping, designing of the structure and end products, modeling, and time to market. As a result, the production expenses have been reduced considerably, and the manufacturers are in a position to offer better products at reasonable prices. As a result of these benefits, the demand for 3D printers is expected to be triggered more in the coming years.
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3D Printing Market Report Highlights
• 3D printing technology is gaining traction owing to the ability of the technology to offer accurate and rapid prototyping and optimize the time to market. Increasing adoption of 3D printers in the healthcare, automotive, and consumer electronics verticals is likely to drive the market significantly
• The prototyping segment led the market and accounted for more than 54% share of the global revenue in 2023 owing to extensive adoption of the prototyping process across several industry verticals
• The metal segment led the market for 3D printing and accounted for more than 54% share of the global revenue in 2023. This is attributed to the increasing demand for metal 3D printing from industrial verticals such as automotive and aerospace and defense
• The desktop 3D printer type segment, which has been segmented further into educational purpose, fashion and jewelry, objects, dental, food, and others, is expected to adopt the 3D printing technique aggressively over the forecast period
• Demand for desktop 3D printers is expected to increase over the forecast period as 3D printing is gaining popularity among hobbyists for domestic, household, and personal usage, as well as in the education sector for training purposes
• The Asia Pacific market, which is emerging as a manufacturing hub for several industry verticals, is expected to grow significantly as the continued urbanization triggers the need for infrastructure and prompts the automotive, consumer electronics, aerospace and defense, and healthcare verticals to adopt 3D printing, particularly in countries including China, Japan, and South Korea
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• The global accelerated processing unit market size was estimated at USD 13.85 billion in 2023 and is projected to grow at a CAGR of 17.5% from 2024 to 2030.
• The global centralized refrigeration systems market size was estimated at USD 29.87 billion in 2023 and is projected to grow at a CAGR of 5.0% from 2024 to 2030.
3D Printing Market Segmentation
Grand View Research has segmented the global 3D printing market based on component, printer type, technology, software, application, vertical, material, and region:
3D Printing Component Outlook (Revenue, USD Million, 2017 - 2030)
• Hardware
• Software
• Services
3D Printing Printer Type Outlook (Revenue, USD Million, 2017 - 2030)
• Desktop 3D Printer
• Industrial 3D Printer
3D Printing Technology Outlook (Revenue, USD Million, 2017 - 2030)
• Stereolithography
• Fuse Deposition Modelling
• Selective Laser Sintering
• Direct Metal Laser Sintering
• Polyjet Printing
• Inkjet printing
• Electron Beam Melting
• Laser Metal Deposition
• Digital Light Processing
• Laminated Object Manufacturing
• Others
3D Printing Software Outlook (Revenue, USD Million, 2017 - 2030)
• Design Software
• Inspection Software
• Printer Software
• Scanning Software
3D Printing Application Outlook (Revenue, USD Million, 2017 - 2030)
• Prototyping
• Tooling
• Functional Parts
3D Printing Vertical Outlook (Revenue, USD Million, 2017 - 2030)
• Industrial 3D Printing
o Automotive
o Aerospace & Defense
o Healthcare
o Consumer Electronics
o Power & Energy
o Others
• Desktop 3D Printing
o Educational Purpose
o Fashion & Jewelry
o Objects
o Dental
o Food
o Others
3D Printing Material Outlook (Revenue, USD Million, 2017 - 2030)
• Polymer
• Metal
• Ceramic
3D Printing Regional Outlook (Revenue, USD Million, 2017 - 2030)
• North America
o U.S.
o Canada
o Mexico
• Europe
o U.K.
o Germany
o France
o Italy
o Spain
• Asia Pacific
o China
o Japan
o India
o South Korea
o Australia
o Singapore
• South America
o Brazil
• Middle East and Africa (MEA)
o KSA
o UAE
o South Africa
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