Industrial 3D Printing

Industrial 3D Printing Market by Technology Type (Binder Jetting, Direct Energy Deposition, Directed Light Fabrication), Printing Material (Ceramics, Composites, Metals), Component, Application, End User Industry, End Use - Global Forecast 2025-2030

SKU
MRR-4F4C36263878
Region
Global
Publication Date
January 2025
Delivery
Immediate
2023
USD 3.59 billion
2024
USD 4.15 billion
2030
USD 10.50 billion
CAGR
16.55%
360iResearch Analyst Ketan Rohom
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The Industrial 3D Printing Market size was estimated at USD 3.59 billion in 2023 and expected to reach USD 4.15 billion in 2024, at a CAGR 16.55% to reach USD 10.50 billion by 2030.

Industrial 3D Printing Market
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The industrial 3D printing market encompasses the use of additive manufacturing technologies in various industrial sectors, allowing for the creation of components and products from digital files. This technology is necessary for its ability to produce complex geometries with great precision and minimal waste, empowering industries such as aerospace, automotive, healthcare, and manufacturing. In aerospace, for instance, the lightweight yet strong components produced via 3D printing aid fuel efficiency, while in healthcare, custom prosthetics and implants are revolutionizing patient outcomes. Market growth is driven by cost efficiencies, customization capabilities, and the reduction in lead times. Technological advancements, such as the development of new materials and faster printing methods, present substantial market opportunities. Expanding into untapped markets, enhancing software solutions for better design and production, and promoting environmentally friendly materials are areas ripe for growth. However, challenges such as high initial investment costs, limited material options, and the need for specialized skills may impede market expansion. Regulatory and certification hurdles in industries like aerospace and healthcare also pose significant barriers. Opportunities exist in collaborating with educational institutions to develop tailored training programs and accelerating R&D in emerging materials like bio-based polymers and high-performance alloys. Innovative research areas include the application of AI in 3D printing processes, the integration of 3D printing with IoT for smart manufacturing, and advancements in multi-material printing. The industrial 3D printing market is dynamic, moving towards broader adoption with some industries already in mature phases while others are still exploring the technology's potential. To capture the market's full potential, stakeholders need to continuously innovate and adapt, balancing cost-effectiveness with high-quality output and maintaining sensitivity to market demands and regulatory landscapes.

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Market Dynamics

The market dynamics represent an ever-changing landscape of the Industrial 3D Printing Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

  • Market Drivers
    • Emerging market drivers bolstering the industrial 3D printing industry in a rapidly evolving landscape
    • 1. Rising demand for customized and personalized products across various sectors 2. Reduction in manufacturing lead times enabling quicker solutions to market 3. Advancement in 3D printing materials expanding application possibilities 4. Increased adoption in the aerospace and automotive industries for parts and prototypes 5. Government investments and incentives fueling research and development in 3D printing technology 6. Technological innovations enhancing precision, speed, and reliability of 3D printers 7. Cost-effectiveness of producing low volume production runs compared to traditional methods 8. Integration of AI and IoT in 3D printing processes increasing operational efficiency 9. Growing need for sustainable production methods driving eco-friendly 3D printing solutions 10. Expanding applications in the medical and dental fields for creating implants and devices
  • Market Restraints
    • Market saturation and competition as emerging threats to industrial 3D printing's future expansion
    • Economic constraints and investment challenges confronting the industrial 3D printing market's evolution
    • Technical limitations currently restricting the full potential and application scope of industrial 3D printing
  • Market Opportunities
    • Opportunities in the education sector to integrate industrial 3D printing for enhanced learning experiences
    • Increasing demand for rapid prototyping in healthcare leading to more industrial 3D printing applications
    • Advancements in materials technology enabling diverse industrial 3D printing applications across industries
  • Market Challenges
    • Addressing material limitations and consistency concerns in industrial 3D printing applications
    • Exploring the hurdles facing industrial 3D printing in an ever-evolving technological landscape
    • Overcoming the high initial investment costs and maintenance expenses in 3D printing setup

Market Segmentation Analysis

  • Offering: Growing adoption of software to digitize real-world objects for quality inspection

    Materials in industrial 3D printing including ceramics, offer potential in high-temperature applications and biocompatibility. Glass, quartz, and silica are known for transparency and purity and are significant for optics and photonics. Print precision and the removal of internal stresses are key areas for development. High demand exists for metals such as aluminum, cobalt-chromium, gold, Inconel, silver, steel, and titanium. Each metal requires particular print environments and post-processing standards. Diverse polymers, including nylon, photopolymers, polycarbonate, polylactic acid, polypropylene, polyvinyl alcohol, and various thermoplastics, cater to a broad range of application requirements. The market offers a variety of printers catering to different scales of production and capable of processing the aforementioned materials. Considerations for users include print volume capacity, speed, resolution, reliability, and cost of operation. Printers are being operated for professional printing, producing lightweight and complex shapes for high-value products, ranging from aircraft to racing cars. The growth of the printer segment can be attributed to the changing perception of 3D printing and its development as a maturing manufacturing solution. Small businesses are adopting desktop printers and diversifying their operations to offer 3D printing and other related services, ensuring accuracy. These services are further divided into consulting and manufacturing services, in which consulting services navigate a budding manufacturing player to adopt the emerging 3D technology into their business processes. Consulting service in 3D printing provides information about the suitable methods to integrate additive manufacturing technologies within manufacturing and business models. Manufacturing services ensure that the concept grows into a finished product equipped for the industries of today and tomorrow, which helps create visually striking prototypes that enhance the purpose and functionality of 3D-printed parts. Manufacturing services empower 3D printing customers to keep tight production deadlines and meet the quality standards of even the most demanding industries. Industrial 3D printing software is regarded as the industry standard for computer graphics, with an unrivaled set of features and tools. This software is segmented into the design, inspection, printing, and scanning software. Design software is used to construct the object's designs to be printed, particularly in aerospace and defense, automotive and construction, and engineering verticals. Design software works as a bridge between the objects to be printed and the printer's hardware. 3D printing focuses on providing design software with a unique user interface and advanced features to work with high precision. 3D inspection for industrial parts in which the shape and dimensional analysis are performed in a 3D way is an application for a complicated part with challenging profiles or features that conventionally take time, such as CMM and tactile measurement systems. 3D printing software tools focus on programs that help execute a 3D print. Printing software is a cloud-based 3D CAD program that utilizes the power of the cloud to bring design teams together and collaborate on complex projects. Scanning software scans objects and stores scanned documents and images of them irrespective of their size or measurements for 3D printing of these objects.

  • Process: High potential of material extrusion process for prototyping and low-volume production

    Binder jetting is a versatile additive manufacturing process in which a liquid binding agent is selectively deposited to join powder materials. This process allows for the creation of complex geometries and is particularly noted for its speed and cost-effectiveness when producing full-color prototypes or large batches of components. Direct energy deposition is distinguished by its use of focused thermal energy such as a laser or electron beam—to fuse materials as they are deposited. DED is ideal for repairing or adding features to existing components, handling a variety of materials, including metals, allowing for the creation of gradient materials or structures. Material Extrusion involves the heating and extrusion of a material, commonly thermoplastic filament, through a nozzle to build parts layer by layer. This process is widely accessible and used for prototyping, tooling, or low-volume production, offering a good balance between cost and precision. Material jetting operates similarly to a traditional inkjet printer by jetting droplets of photopolymer that are instantly cured by UV light. This technology excels at producing parts with high accuracy, smooth surfaces, and very fine details. It’s suitable for realistic prototypes with multiple materials and colors. Powder bed fusion encompasses several technologies, including selective laser sintering (SLS) and selective laser melting (SLM), which use thermal energy to fuse particles of plastic, metal, ceramic, or glass powders layer by layer. PBF is capable of producing strong and complex parts with good mechanical properties. Sheet lamination binds sheets of material together using adhesives, welding, or ultrasonic energy, then cuts the outline to form a 3D object. This method is cost-effective for creating large structures and can incorporate a wide variety of materials. Vat photopolymerization is characterized by a vat of photopolymer resin that is selectively cured by light-activated polymerization.

Porter’s Five Forces Analysis

The porter's five forces analysis offers a simple and powerful tool for understanding, identifying, and analyzing the position, situation, and power of the businesses in the Industrial 3D Printing Market. This model is helpful for companies to understand the strength of their current competitive position and the position they are considering repositioning into. With a clear understanding of where power lies, businesses can take advantage of a situation of strength, improve weaknesses, and avoid taking wrong steps. The tool identifies whether new products, services, or companies have the potential to be profitable. In addition, it can be very informative when used to understand the balance of power in exceptional use cases.

PESTLE Analysis

The PESTLE analysis offers a comprehensive tool for understanding and analyzing the external macro-environmental factors that impact businesses within the Industrial 3D Printing Market. This framework examines Political, Economic, Social, Technological, Legal, and Environmental factors, providing companies with insights into how these elements influence their operations and strategic decisions. By using PESTLE analysis, businesses can identify potential opportunities and threats in the market, adapt to changes in the external environment, and make informed decisions that align with current and future conditions. This analysis helps companies anticipate shifts in regulation, consumer behavior, technology, and economic conditions, allowing them to better navigate risks and capitalize on emerging trends.

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Industrial 3D Printing Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Industrial 3D Printing Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Recent Developments

  • Eplus3D, IGO3D Announce Strategic Partnership for Metal 3D Printing

    Eplus3D formed a partnership with IGO3D for the evolution of industrial additive manufacturing. The union of Eplus3D's state-of-the-art metal 3D printing technologies and vast expertise with IGO3D’s forward-thinking solutions and deep industry knowledge paves the way for unprecedented advancements. The synergy between the two enterprises is set to address existing challenges, delivering unmatched value to their customer base and playing a pivotal role in shaping the future of advanced manufacturing. Both Eplus3D and IGO3D are poised to leverage each other’s strengths, reinforcing IGO3D’s dedication to equipping its clients with the most sophisticated and effective 3D printing solutions. By integrating resources and sharing insights, Eplus3D and IGO3D aim to accelerate the adoption of 3D printing in industrial applications, ensuring that their customers remain at the forefront. [Published On: November 09, 2023]

  • Azul 3D Raises USD 15 Million in Series A Funding to Advance 3D Printing Technology

    Azul 3D raised USD 15 million in its Series A funding round, bringing together a consortium of new and existing investors. The influx of capital is set to catalyze the company's technological advancements, particularly in the realm of high-value manufacturing applications. Azul 3D's inventive High-Area Rapid Printing (HARP) technology stands at the forefront of these developments. HARP distinguishes itself by utilizing UV light within a vat polymerization process to meticulously craft thermally controlled, high-quality objects from liquid plastic, delivering superior material properties. The strategic funding is expected to bolster Azul 3D's scaling efforts, focusing on production ramp-up within critical markets that can benefit from its cutting-edge 3D printing capabilities. [Published On: October 13, 2023]

  • HP and Materialise Partner to Drive Volume 3D Printing

    Materialise partnered with HP Inc. to enhance the integration of HP's advanced Multi Jet Fusion and Metal Jet additive manufacturing technologies into Materialise's CO-AM software platform. This significant collaboration aims to empower manufacturing enterprises by elevating the efficiency and quality of their 3D printing processes, aligning them with rigorous industrial standards. The joint endeavor targets the volume production of finished components using 3D printing, marking a pivotal step toward scaling additive manufacturing capabilities. This venture is poised to reshape manufacturing processes, providing a streamlined pathway for adopting additive manufacturing at scale and optimizing the production of end-use parts with enhanced precision, speed, and reliability. [Published On: March 07, 2023]

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Industrial 3D Printing Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Industrial 3D Printing Market, highlighting leading vendors and their innovative profiles. These include 3D Systems, Inc., Aconity GmbH, AddUp, SAS, Adobe Inc., Aurora Labs Limited, Canon, Inc., Desktop Metal, Inc., EOS GmbH, Evolve Additive Solutions, Inc., General Electric Company, Hewlett-Packard Company, Höganäs AB, JENOPTIK AG, KLA Corporation, Koninklijke Philips N.V., Lexmark International, Inc., Matsuura Machinery Corporation, Metrologic Group SAS, Mitsubishi Electric Corporation, Modix Modular Technologies Ltd., Nikon Corporation, Orbital Express Launch Limited, Renishaw PLC, SGS SA, and Stratasys Ltd.

Market Segmentation & Coverage

This research report categorizes the Industrial 3D Printing Market to forecast the revenues and analyze trends in each of the following sub-markets:

  • Technology Type
    • Binder Jetting
    • Direct Energy Deposition
    • Directed Light Fabrication
    • Material Extrusion
    • Material Jetting
    • Powder Bed Fusion
    • Sheet Lamination
    • Vat Photopolymerization
  • Printing Material
    • Ceramics
      • Alumina
      • Zirconium
    • Composites
      • Carbon Fiber Reinforced
      • Glass Fiber Reinforced
    • Metals
      • Aluminum
      • Copper
      • Steel
      • Titanium
    • Thermoplastics
      • ABS
      • Nylon
      • PLA
      • Polycarbonate
    • Thermosets
      • Epoxy
      • Silicone Resin
  • Component
    • Hardware
      • 3D Printers
      • Print Bed
    • Services
      • Consulting
      • Maintenance
      • Training
    • Software
      • Design Software
      • Slicing Software
  • Application
    • Aerospace & Defense
      • Functional Components
      • Prototyping
      • Tooling
    • Automotive
      • Classic Car Restoration
      • Motorsport Applications
      • Prototyping & Design
    • Construction
      • Decorative Elements
      • Modular Construction
    • Consumer Goods
      • Fashion & Jewelry
      • Home Décor
      • Wearable Electronics
    • Education & Research
      • Academic Projects
      • Technical Training Modules
    • Energy
      • Oil & Gas
      • Solar Energy
    • Healthcare
      • Dental Implants
      • Orthopedic Implants
      • Prosthetics
  • End User Industry
    • Architecture & Design
    • Food & Beverage
    • Textiles
    • Transportation
  • End Use
    • Production
    • Prototyping
    • R&D
  • Region
    • Americas
      • Argentina
      • Brazil
      • Canada
      • Mexico
      • United States
        • California
        • Florida
        • Illinois
        • New York
        • Ohio
        • Pennsylvania
        • Texas
    • Asia-Pacific
      • Australia
      • China
      • India
      • Indonesia
      • Japan
      • Malaysia
      • Philippines
      • Singapore
      • South Korea
      • Taiwan
      • Thailand
      • Vietnam
    • Europe, Middle East & Africa
      • Denmark
      • Egypt
      • Finland
      • France
      • Germany
      • Israel
      • Italy
      • Netherlands
      • Nigeria
      • Norway
      • Poland
      • Qatar
      • Russia
      • Saudi Arabia
      • South Africa
      • Spain
      • Sweden
      • Switzerland
      • Turkey
      • United Arab Emirates
      • United Kingdom

This research report offers invaluable insights into various crucial aspects of the Industrial 3D Printing Market:

  1. Market Penetration: This section thoroughly overviews the current market landscape, incorporating detailed data from key industry players.
  2. Market Development: The report examines potential growth prospects in emerging markets and assesses expansion opportunities in mature segments.
  3. Market Diversification: This includes detailed information on recent product launches, untapped geographic regions, recent industry developments, and strategic investments.
  4. Competitive Assessment & Intelligence: An in-depth analysis of the competitive landscape is conducted, covering market share, strategic approaches, product range, certifications, regulatory approvals, patent analysis, technology developments, and advancements in the manufacturing capabilities of leading market players.
  5. Product Development & Innovation: This section offers insights into upcoming technologies, research and development efforts, and notable advancements in product innovation.

Additionally, the report addresses key questions to assist stakeholders in making informed decisions:

  1. What is the current market size and projected growth?
  2. Which products, segments, applications, and regions offer promising investment opportunities?
  3. What are the prevailing technology trends and regulatory frameworks?
  4. What is the market share and positioning of the leading vendors?
  5. What revenue sources and strategic opportunities do vendors in the market consider when deciding to enter or exit?
Table of Contents
  1. Preface
  2. Research Methodology
  3. Executive Summary
  4. Market Overview
  5. Market Insights
  6. Industrial 3D Printing Market, by Technology Type
  7. Industrial 3D Printing Market, by Printing Material
  8. Industrial 3D Printing Market, by Component
  9. Industrial 3D Printing Market, by Application
  10. Industrial 3D Printing Market, by End User Industry
  11. Industrial 3D Printing Market, by End Use
  12. Americas Industrial 3D Printing Market
  13. Asia-Pacific Industrial 3D Printing Market
  14. Europe, Middle East & Africa Industrial 3D Printing Market
  15. Competitive Landscape
Frequently Asked Questions
  1. How big is the Industrial 3D Printing Market?
    Ans. The Global Industrial 3D Printing Market size was estimated at USD 3.59 billion in 2023 and expected to reach USD 4.15 billion in 2024.
  2. What is the Industrial 3D Printing Market growth?
    Ans. The Global Industrial 3D Printing Market to grow USD 10.50 billion by 2030, at a CAGR of 16.55%
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