Europe 3D Printing Market: Insights and Forecasts (2018-2024)

Europe 3D Printing Market: Insights and Forecasts (2018-2024)

Emphasis on Component ((Product (Professional/Industrial Printer, Personal/Desktop 3D Printers), Material (Polymer, Plastic, Metals and Alloys, Ceramic, Other Materials), Technology ( Stereolithography, Selective Laser Sintering, Electron Beam Melting, Fused Deposition Modelling, Laminated object Manufacturing, Other Technologies)) - Insights and Forecast, 2018-2024

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Published: Sep-2018

Pages:159

Table:41

Figure:115

Report ID:UMME18127

In the era of technological breakthroughs, it has been proved that additive manufacturing has grown exorbitantly in terms of applications as well as adoption. It has been anticipated that 2018 will be a turning point for 3D printing market in European region. With the number of 3D printing players foraying into this manufacturing paradigm, European purchases of 3D printers, materials, software and related services was valued at US 3.6 Billion in 2017. It has been further projected that total spending by Europe towards additive manufacturing will reach US$ XX Billion by 2022. By far Western Europe was the largest contributor towards 3D printing revenues and now Central and Eastern Europe are expected to catch up the pace and become fastest growing region by 2022.

Europe captures second largest position in global 3D printing market and is anticipated to reach US 5,592.6 million by 2024 from the market size of US XX million in 2017. Dramatic uptake in investments by 3D major players, spur in research and development strategies and rapid embracement of 3D printing among small and medium enterprises have significantly contributed towards fostering the growth of European 3D printing market. However, absence of right set of skills and education, lack of standardization and certifications coupled with intellectual property rights and patent development issues constitute as impediments in the growth path of additive manufacturing in Europe. Government initiatives and burgeoning investments undertaken by aerospace and aircraft manufactures and consistent rise in demand for low cost prototypes have led the 3D printing in the region. Moreover, European health care systems are also anticipated to experience disruptive impact of 3D printing technologies since with the increasing life expectancies and rising prevalence of chronic diseases rising in Europe, treatments are becoming more complex and hence, more than 50% of the healthcare providers have embraced new printing techniques to meet the needs of patients including those of older and remote patients.

European 3D printing has stimulated its spending within the various areas of 3D printing domain comprising of 3D printers (hardware), 3D printing materials and 3D printing services. Although hardware component generated the largest revenues in the past few years, the focus on material components is also anticipated to drive the future spending towards the respective technique. In addition, service segment will continue to remain the key contributor of the market. In addition, medical or health care is also projected to showcase the biggest growth in 3D printing in years to come.

Europe 3D Printing Market, by Technology Type, 2017 & 2024

 

Insights Presented in the Report:

  • The report analyses 3D Printing market report majorly based on component, technology, applications and end users. Products, materials and services are the major components considered in the deep analysis of the 3D printing industry.
  • Product segment is further classified into professional printers and desktop printers. The segment is expected to register fastest growth, owing to increasing demand for desktop 3D printers over the period of time although industrial printers is projected to continue to display its dominance till 2024.
  • Europe 3D printing material market is further divided into different material types including polymer, plastic, metal and alloys, ceramics and others materials. In 2017, polymer segment dominated the Europe 3D printing material market as they represent greatest penetration and user accessibility in 3D printing. It is anticipated that polymer material will continue to lead material segment during the forecasted period.
  • Stereolithography, Selective Laser Sintering, Electron Beam Melting, Fused deposition modeling, Laminated object Manufacturing and Others are the major technologies considered while analyzing the regional 3D printing market. Fused Deposition Modelling, Selective Laser Sintering and Stereolithography constitute as the topmost technologies in 3D printing. Fused Deposition Modelling occupied the largest share in 2017 as it is one of the prominent and user friendly technology that is widely used to create 3D printed objects.
  • Based on application type, Europe 3D printing market is bifurcated into functional parts, fit and assembly, prototype modelling, education, metal casting, Visual Aids, Presentation Modelling and other applications. Functional parts captured maximum share during 2017 owing to its fast speed, quality and low cost of additive manufacturing.
  • Furthermore, 3D printing techniques find its major application in verticals such as education, automotive, aerospace & defense, healthcare, consumer goods, manufacturing, construction and others. Manufacturing sector dominated 3D printing landscape during 2017 owing to bolstering digitalization wherein 3D printing solutions have paved way for manufacturing companies.
  • For better understanding of the geographical penetration of 3D printing market in Europe, the market is analyzed based on its outreach in the countries such as Germany, UK, France, Spain, Italy, Russia and rest of Europe. Germany occupies the prominent share in additive manufacturing of Europe mainly accredited to high adoption rate among the existing businesses and many new businesses being on the verge of adopting the respective technique in near future. Furthermore, France has also undergone considerable industrial metamorphosis and is duly playing its role in digital transitions. The gradual acceptance of 3D printing in French factories has resulted industrial revolution in the country. Germany 3D printing market was accounted at US$279.5 Million in 2017.
  • Key companies profiled in the report 3D Systems Corporation, Arcam AB, Royal DSM N.V., Stratasys Ltd., Autodesk, Inc., The ExOne Company, Hoganas AB, Organovo Holdings, Inc, Mcor Technologies Limited and Voxeljet AG. With the significant potential lying in 3D printing domain, and growing number of startups paired with mushrooming EU funding is further leading into disruptions in 3D manufacturing of European region.

Reasons to buy the Report:

  • The study includes market sizing and forecasting analysis validated by authenticated key industry experts
  • The report presents a quick review of overall industry performance at one glance
  • The report covers in depth analysis of prominent industry peers with primary focus on key business financials, product portfolio, expansion strategies and recent developments
  • Detailed examination on drivers, restraints, key trends and opportunities prevailing in the industry.
  • Examination of industry attractiveness  with the help of Porter’s Five Forces analysis
  • The study comprehensively covers the market across different segments
  • Deep dive regional level analysis of the industry

Customization Options:

The Europe 3D Printing Market can be customized to country level or any other market segment. Besides this, UMI understands that you may have your own business need, hence we also provide fully customised solutions to clients.

                     
1 MARKET INTRODUCTION              
  1.1 Market Definition              
  1.2 Objective of the Study            
  1.3 Limitation                
  1.4 Stakeholders              
  1.5 Currency used in the Report            
2 RESEARCH METHODOLOGY OR ASSUMPTION          
  2.1 Secondary Data              
    2.1.1 Key Secondary Sources          
  2.2 Primary Data              
    2.2.1 Sampling Techniques & Data Collection Methods      
    2.2.2 Primary Participants            
  2.3 Supply Side & Demand Side Analysis          
3 INDUSTRY PERFORMANCE              
4 EXECUTIVE SUMMARY              
5 MARKET OVERVIEW                
  5.1 Introduction              
  5.2 Market Dynamics              
    5.2.1 Market Drivers            
      5.2.1.1 Dramatic Uptake in 3D Investments by Key Competitors  
      5.2.1.2 Spur in Research& Development Strategies    
      5.2.1.3 Rapid Embracement of 3D printing among SME’s    
    5.2.2 Market Restraints            
      5.2.2.1 Right Set of Education and Skills        
      5.2.2.2 Lack of Standards and Certifications      
      5.2.2.3 Intellectual Property Rights and Patents Development  
    5.2.3 Opportunities in the Market          
      5.2.3.1 Job Creation Opportunities        
      5.2.3.2 Metal 3D Printing          
      5.2.3.3 Apparel Production- Promising Market      
6 EUROPE MARKET INSIGHTS BY COMPONENT            
  6.1 Product Segment              
    6.1.1 General Introduction            
      6.1.1.1 Professional/Industrial Printer        
      6.1.1.2 Personal/Desktop 3D Printers        
  6.2 Material Segment              
    6.2.1 General Introduction            
      6.2.1.1 Polymer            
      6.2.1.2 Plastic            
      6.2.1.3 Metals and Alloys          
      6.2.1.4 Ceramic            
      6.2.1.5 Other Materials          
  6.3 Service Segment              
    6.3.1 General Introduction            
      6.3.1.1 Custom Design and Manufacturing      
      6.3.1.2 After Sales Service          
7 EUROPE MARKET INSIGHTS BY TECHNOLOGY            
  7.1 General Introduction              
    7.1.1 Stereolithography Technology          
    7.1.2 Selective Laser Sintering          
    7.1.3 Electron Beam Melting            
    7.1.4 Fused Deposition Modelling          
    7.1.5 Laminated object Manufacturing          
    7.1.6 Other Technologies            
8 EUROPE MARKET INSIGHTS, BY APPLICATIONS          
  7.1 General Introduction              
    7.1.1 Visual Aids            
    7.1.2 Presentation Modelling          
    7.1.3 Fit & Assembly            
    7.1.4 Prototype Tooling            
    7.1.5 Metal Casting            
    7.1.6 Functional Parts Production          
    7.1.7 Other Applications            
9 EUROPE MARKET INSIGHTS, BY END USER INDUSTRY          
  9.1 General Introduction              
    9.1.1 Educational Industry            
    9.1.2 Automotive Industry            
    9.1.3 Aerospace & Defence Industry          
    9.1.4 Healthcare Industry            
    9.1.5 Consumer Goods Industry          
    9.1.6 Manufacturing Industry          
    9.1.7 Construction Industry            
    9.1.8 Other Industries            
10 EUROPE MARKET INSIGHTS BY COUNTRY            
  10.1 General Introduction              
  10.2 Europe 3D Printing Market Insights          
    10.2.1 Europe Market, by Component          
    10.2.2 Europe Product Component Market, by Printer Type      
    10.2.3 Europe Material Component Market by Material Type      
    10.2.4 Europe Market by Technology          
    10.2.5 Europe Market by Application          
    10.2.6 Europe Market by End-User Industry        
    10.2.7 Europe Market by Country          
      10.2.7.1 Germany 3D Printing Market Insights      
        10.2.7.1.1 Germany market, by Component    
        10.2.7.1.2 Germany Product Component Market, by Printer Type
        10.2.7.1.3 Germany Material Component Market by Material Type
        10.2.7.1.4 Germany Market by Technology    
        10.2.7.1.5 Germany Market by Application    
        10.2.7.1.6 Germany Market by End-User Industry    
      10.2.7.2 France 3D Printing Market Insights      
        10.2.7.2.1 France market, by Component      
        10.2.7.2.2 France Product Component Market, by Printer Type
        10.2.7.2.3 France Material Component Market by Material Type
        10.2.7.2.4 France Market by Technology      
        10.2.7.2.5 France Market by Application      
        10.2.7.2.6 France Market by End-User Industry    
      10.2.7.3 United Kingdom 3D Printing Market Insights    
        10.2.7.3.1 United Kingdom market, by Component    
        10.2.7.3.2 United Kingdom Product Component Market, by Printer Type
        10.2.7.3.3 United Kingdom Material Component Market by Material Type
        10.2.7.3.4 United Kingdom Market by Technology    
        10.2.7.3.5 United Kingdom Market by Application    
        10.2.7.3.6 United Kingdom Market by End-User Industry  
      10.2.7.4 Russia 3D Printing Market Insights      
        10.2.7.4.1 Russia market, by Component      
        10.2.7.4.2 Russia Product Component Market, by Printer Type  
        10.2.7.4.3 Russia Material Component Market by Material Type
        10.2.7.4.4 Russia Market by Technology      
        10.2.7.4.5 Russia Market by Application      
        10.2.7.4.6 Russia Market by End-User Industry    
      10.2.7.5 Spain 3D Printing Market Insights      
        10.2.7.5.1 Spain market, by Component      
        10.2.7.5.2 Spain Product Component Market, by Printer Type  
        10.2.7.5.3 Spain Material Component Market by Material Type
        10.2.7.5.4 Spain Market by Technology      
        10.2.7.5.5 Spain Market by Application      
        10.2.7.5.6 Spain Market by End-User Industry    
      10.2.7.6 Italy 3D Printing Market Insights        
        10.2.7.6.1 Italy market, by Component      
        10.2.7.6.2 Italy Product Component Market, by Printer Type  
        10.2.7.6.3 Italy Material Component Market by Material Type  
        10.2.7.6.4 Italy Market by Technology      
        10.2.7.6.5 Italy Market by Application      
        10.2.7.6.6 Italy Market by End-User Industry    
      10.2.7.7 Rest of Europe 3D Printing Market Insights      
        10.2.7.7.1 Rest of Europe market, by Component    
        10.2.7.7.2 Rest of Europe Product Component Market, by Printer Type
        10.2.7.7.3 Rest of Europe Material Component Market by Material Type
        10.2.7.7.4 Rest of Europe Market by Technology    
        10.2.7.7.5 Rest of Europe Market by Application    
        10.2.7.7.6 Rest of Europe Market by End-User Industry  
11 COMPETITIVE SCENARIO              
  11.1 Europe 3D Printing Market Share of Major Players, 2017      
12 COMPANY PROFILES                
  12.1 3D SYSTEMS CORPORATION            
    12.1.1 Key Facts              
    12.1.2 Business Description            
    12.1.3 Key Product/Services Offerings          
    12.1.4 SWOT Analysis            
    12.1.5 Key Financials            
      12.1.5.1 Revenue Split by Region        
    12.1.6 Recent developments            
  12.2 ARCAM AB              
    12.2.1 Key Facts              
    12.2.2 Business Description            
    12.2.3 Key Product/Services Offerings          
    12.2.4 SWOT Analysis            
    12.2.5 Key Financials            
      12.2.5.1 Revenue Split by Region        
    12.2.6 Recent developments            
  12.3 ROYAL DSM N.V.              
    12.3.1 Key Facts              
    12.3.2 Business Description            
    12.3.3 Key Product/Services Offerings          
    12.3.4 SWOT Analysis            
    12.3.5 Key Financials            
      12.3.5.1 Revenue Split by Region        
      12.3.5.2 Revenue Split by Products        
    12.3.6 Recent developments            
  12.4 STRATASYS LTD              
    12.4.1 Key Facts              
    12.4.2 Business Description            
    12.4.3 Key Product/Services Offerings          
    12.4.4 SWOT Analysis            
    12.4.5 Key Financials            
      12.4.5.1 Revenue Split by Region        
    12.4.6 Recent developments            
  12.5 AUTODESK INC              
    12.5.1 Key Facts              
    12.5.2 Business Description            
    12.5.3 Key Product/Services Offerings          
    12.5.4 SWOT Analysis            
    12.5.5 Key Financials            
      12.5.5.1 Revenue Split by Region        
    12.5.6 Recent developments            
  12.6 THE EXONE COMPANY            
    12.6.1 Key Facts              
    12.6.2 Business Description            
    12.6.3 Key Product/Services Offerings          
    12.6.4 SWOT Analysis            
    12.6.5 Key Financials            
      12.6.5.1 Revenue Split by Region        
    12.6.6 Recent developments            
  12.7 HOGANAS AB              
    12.7.1 Key Facts              
    12.7.2 Business Description            
    12.7.3 Key Product/Services Offerings          
    12.7.4 SWOT Analysis            
    12.7.5 Recent developments            
  12.8 ORGANOVO HOLDINGS INC            
    12.8.1 Key Facts              
    12.8.2 Business Description            
    12.8.3 Key Product/Services Offerings          
    12.8.4 SWOT Analysis            
    12.8.5 Key Financials            
    12.8.6 Recent developments            
  12.9 MCOR TECHNOLOGIES LTD            
    12.9.1 Key Facts              
    12.9.2 Business Description            
    12.9.3 Key Product/Services Offerings          
    12.9.4 Key Financials            
    12.9.5 Recent developments            
  12.1 VOXELJET AG              
    12.10.1 Key Facts              
    12.10.2 Business Description            
    12.10.3 Key Product/Services Offerings          
    12.10.4 SWOT Analysis            
    12.10.5 Key Financials            
      12.10.5.1 Revenue Split by Region        
      12.10.5.2 Revenue Split by Business Division      
    12.10.6 Recent developments            
                     

Analysing historical market, estimation of the current market and forecasting the future market for European 3D Printing market were the three major steps undertaken to create and analyse the overall adoption of 3D Printing in different European countries. Exhaustive secondary research was conducted to collect the historical market of the product/technology and overall estimation of the current market. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were conducted with industry experts across value chain of the European 3D printing market. After all assumption, market engineering and validation of market numbers through primary interviews, top-down approach was employed to forecast the market size of 3D Printing in the European region to 2024. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyse the market size of segments and sub-segments of the market. Detailed research methodology is explained below:

Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detail secondary study was conducted to obtain the historical market size of the Europe 3D Printing market through company internal sources such as annual report & financial statements of top players, performance presentations, press releases, sales figures etc. and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database and other creditable publications.

Step 2: Market Segmentation:

After obtaining historical market size of the overall market, detailed secondary analysis was conducted to gather historical market insights and share for different segments & sub-segments for the Europe 3D Printing market. Major segments included in the report are component, technology, application and end-user.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, detailed factor analysis was conducted to estimate the current market size of the Europe 3D Printing market. Factor analysis was conducted using dependent and independent variable such as purchasing power, player initiatives, penetration of 3D printing, government regulations in different European countries. Historical trends of the 3D Printing industry and their year-on-year impact on the market size and share in the recent past were analyzed. Demand and supply side scenario was also thoroughly studied.

Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at current market size, key players in market, market share of these players, industry’s supply chain, and value chain of the industry. All the required percentage shares, splits, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weightage was assigned to different factors including drivers & trends, restraints, and opportunities available in the market. After analyzing these factors, relevant forecasting techniques i.e. Bottom-up/Top-down was applied to arrive at the market forecast pertaining to 2024 for different segment and sub-segments in major European countries. The research methodology adopted to estimate the market size encompasses:

  • The industry’s market size and rate of adoption of 3D Printing technology in Europe in terms of value (US$)
  • All percentage shares, splits, and breakdowns of market segments and sub-segments
  • Key players across different technologies and markets as well as market share of each player. Also, the growth strategies adopted by these players to compete in the rapidly growing European 3D Printing market

 Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, and Regional Head etc.). Primary research findings were summarized and statistical analysis was performed to prove the stated hypothesis. Input from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants

Market Engineering

Data triangulation technique was employed to complete the overall market engineering process and to arrive at precise statistical numbers of each segment and sub-segment pertaining to the European 3D Printing market. Data was split into several segments & sub-segments post studying several parameters and trends.

Main objective of the European 3D Printing Market Study

The current & future market trends of the European 3D Printing market are pinpointed in the study. Investors can gain strategic insights to base their discretion for investments from the qualitative and quantitative analysis performed in the study. Current and future market trends would determine the overall attractiveness of the market, providing a platform for the industrial participant to exploit the untapped market to benefit as first mover advantage. Other quantitative goal of the studies includes:

  • Analyse the current and forecast market size of the European 3D Printing market in terms of value (US$)
  • Analyse the current and forecast market size of different segments and sub-segments of the European 3D Printing market. Segments in the study include component, technology, application and end-user
  • Define and describe the technologies and protocols used in the 3D Printing
  • Anticipate potential risk present within the industry along with analysing the customer and competitor in the market
  • Define and analysis of the government regulations for the 3D Printing in different countries in the European region
  • Analyse the current and forecast market size of 3D Printing, for countries including Germany, France, United Kingdom, Russia, Italy, Spain and Rest of Europe
  • Define and analyse the competitive landscape for the European 3D Printing market and the growth strategies adopted by the market players to sustain in the rapidly growing market

 

Analysing historical market, estimation of the current market and forecasting the future market for European 3D Printing market were the three major steps undertaken to create and analyse the overall adoption of 3D Printing in different European countries. Exhaustive secondary research was conducted to collect the historical market of the product/technology and overall estimation of the current market. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were conducted with industry experts across value chain of the European 3D printing market. After all assumption, market engineering and validation of market numbers through primary interviews, top-down approach was employed to forecast the market size of 3D Printing in the European region to 2024. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyse the market size of segments and sub-segments of the market. Detailed research methodology is explained below:

Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detail secondary study was conducted to obtain the historical market size of the Europe 3D Printing market through company internal sources such as annual report & financial statements of top players, performance presentations, press releases, sales figures etc. and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database and other creditable publications.

Step 2: Market Segmentation:

After obtaining historical market size of the overall market, detailed secondary analysis was conducted to gather historical market insights and share for different segments & sub-segments for the Europe 3D Printing market. Major segments included in the report are component, technology, application and end-user.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, detailed factor analysis was conducted to estimate the current market size of the Europe 3D Printing market. Factor analysis was conducted using dependent and independent variable such as purchasing power, player initiatives, penetration of 3D printing, government regulations in different European countries. Historical trends of the 3D Printing industry and their year-on-year impact on the market size and share in the recent past were analyzed. Demand and supply side scenario was also thoroughly studied.

Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at current market size, key players in market, market share of these players, industry’s supply chain, and value chain of the industry. All the required percentage shares, splits, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weightage was assigned to different factors including drivers & trends, restraints, and opportunities available in the market. After analyzing these factors, relevant forecasting techniques i.e. Bottom-up/Top-down was applied to arrive at the market forecast pertaining to 2024 for different segment and sub-segments in major European countries. The research methodology adopted to estimate the market size encompasses:

  • The industry’s market size and rate of adoption of 3D Printing technology in Europe in terms of value (US$)
  • All percentage shares, splits, and breakdowns of market segments and sub-segments
  • Key players across different technologies and markets as well as market share of each player. Also, the growth strategies adopted by these players to compete in the rapidly growing European 3D Printing market

 Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, and Regional Head etc.). Primary research findings were summarized and statistical analysis was performed to prove the stated hypothesis. Input from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants

Market Engineering

Data triangulation technique was employed to complete the overall market engineering process and to arrive at precise statistical numbers of each segment and sub-segment pertaining to the European 3D Printing market. Data was split into several segments & sub-segments post studying several parameters and trends.

Main objective of the European 3D Printing Market Study

The current & future market trends of the European 3D Printing market are pinpointed in the study. Investors can gain strategic insights to base their discretion for investments from the qualitative and quantitative analysis performed in the study. Current and future market trends would determine the overall attractiveness of the market, providing a platform for the industrial participant to exploit the untapped market to benefit as first mover advantage. Other quantitative goal of the studies includes:

  • Analyse the current and forecast market size of the European 3D Printing market in terms of value (US$)
  • Analyse the current and forecast market size of different segments and sub-segments of the European 3D Printing market. Segments in the study include component, technology, application and end-user
  • Define and describe the technologies and protocols used in the 3D Printing
  • Anticipate potential risk present within the industry along with analysing the customer and competitor in the market
  • Define and analysis of the government regulations for the 3D Printing in different countries in the European region
  • Analyse the current and forecast market size of 3D Printing, for countries including Germany, France, United Kingdom, Russia, Italy, Spain and Rest of Europe
  • Define and analyse the competitive landscape for the European 3D Printing market and the growth strategies adopted by the market players to sustain in the rapidly growing market

 


Europe 3D Printing Market: Insights and Forecasts (2018-2024)