Global 3D Printing Market: Insights & Forecasts, 2019-2025

Report Description

The Global 3D Market stood at US$ 13,800.0 million in 2018 and is expected to grow at a CAGR of XX% during the forecast period 2019-2025. Increasing Spending on product development and R&D activities, rising regulatory support by national and local government bodies and growing manufacturing sector are the major drivers for the growth of 3D printing market. In addition, technological advancement in different end-user industry such as healthcare would provide ample growth opportunity for the adoption of 3D printing for various medical diagnoses. Automakers and raw material suppliers for manufacturing sector have realized the benefits of 3D printing solutions, eventually increasing the demand for 3D printing solution in these industries. In the automotive industry, the use of 3D printing technology has been successful in bringing about new shapes to the industry, allowing the industry to produce lighter and more complex structures at affordable price ranges.

In case of 3D printing, numerous layers of different kind of printing materials are formed under machine control to create a 3-dimensional object. The 3-dimensional images can be of varied shapes or geometries. 3D printing offers integration of metals & alloys with other raw materials as per the requirement of the end-user industry, to create specified 3-dimensional objects. Numerous industrial sectors are impacted by 3D printing solutions. Over the past decade, additive manufacturing technologies have drastically changed the way of designing, development and manufacturing of industrial goods.

“The Product segment dominated the global 3D printing market in 2018”

Based on the component type of 3D Market, the report segments the market into mainly into Printer Type, Material Type and Service Type. The global 3D printing market stood at US$ XX Million in 2018. In 2018, product segment in 3D printing dominated the market with approximately XX% share of the global market.

Global 3D Printing Market Size by Component, 2018-25 (US$ Mn)

“Fused Deposition Modelling dominated the technology segment of global 3D Printing market in 2018”

Stereolithography, Selective Laser Sintering, Electron Beam Melting, Fused deposition modelling, Laminated object Manufacturing and Others are the major technologies considered while analysing 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 2018 as it is one of the prominent and user-friendly technology that is widely used to create 3D printed objects.

“3D Printing is majorly applied for Functional parts manufacturing”

Based on application type, Global 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 2018 owing to its fast speed, quality and low cost of additive manufacturing.

“Amongst End User, manufacturing industry held the maximum share in 2018 and is anticipated to maintain its dominance throughout the forecast period 2019-2025”

The major 3D printing end users covered in report are education, automotive, aerospace & defence, healthcare, consumer goods, manufacturing, construction and others. Manufacturing sector dominated 3D printing landscape during 2018 owing to bolstering digitalization wherein 3D printing solutions have paved way for manufacturing companies.

“North America was the largest market for 3D printing technology and is expected to remain dominance throughout the forecast period”

For better understanding of the market penetration of 3D Printing the market is analysed based on geographies and countries including North America (U.S., Canada, Mexico and rest of North America), Europe (Germany, France, U.K., Russia, Italy, Spain and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Singapore, Taiwan and rest of Asia-Pacific) and LAMEA (Brazil, Argentina, UAE, Saudi Arabia, South Africa, Israel and rest of LAMEA). In 2017, North America dominated the market with maximum share in terms of revenue. Substantial growth in the 3D Printing technology, government initiatives, surging 3D printing investments in emerging economies and continuous establishment of dental labs in the region have considerably contributed towards the remarkable growth of North America 3D printing market. The North American 3D printing market is currently booming, and investment in this sector is rising steadily.

Competitive Landscape-Top 10 Market Players

Key companies profiled in the report include 3D Systems Corporation, Arcam AB, Royal DSM N.V., Stratasys Ltd., Autodesk, Inc., The ExOne Company, Höganäs AB, Organovo Holdings, Inc, Mcor Technologies Limited and Voxeljet AG.

Reasons to buy (The research report presents):

• Current and future market size from 2018 to 2025 in terms of value (US$)
• Combined analysis of deep dive secondary research and input from primary research through Key Opinion Leaders of the industry
• Region level details of the overall market of 3D printing
• Region level details of the overall adoption of 3D printing technology
• A quick review of overall industry performance at a glance
• An In-depth analysis of key industry players
• A detailed analysis of regulatory framework, 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 and sub-segments of the 3D Printing global market
• Region covered: North America, Europe, Asia Pacific, MENA and Latin America

Customization Options:

The 3D Printing market can be customized for different region globally and at country level as well. Besides this, UMI understands that you may have your own business need, hence we also provide fully customized solutions to clients.

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Research Methodology

Analysing historical market, estimation of the current market and forecasting the future market for Global 3D Printing market were the three major steps undertaken to create and analyse the overall adoption of 3D Printing in different region/country globally. 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 Global 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 market globally to 2025. 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 Global 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 Global 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 Global 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 region/country globally. Historical trends of the Global 3D Printing market 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 2025 for different segment in major region/country globally. The research methodology adopted to estimate the market size encompasses:

• The industry’s market size and rate of adoption of 3D Printing technology in major region/country globally 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 Global 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 Global 3D Printing market. Data was split into several segments & sub-segments post studying several parameters and trends.

Main objective of the Global 3D Printing Market Study

The current & future market trends of the Global 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 Global 3D Printing market in terms of value (US$)
• Analyse the current and forecast market size of different segments and sub-segments of the Global 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 region/country globally
• Analyse the current and forecast market size of 3D Printing, for countries regions including North America, Europe, Asia-Pacific, MENA and Latin America. Country level study is also conducted to get the clear picture of the overall adoption of the technology

Define and analyse the competitive landscape for the Global 3D Printing market and the growth strategies adopted by the market players to sustain in the rapidly growing market