3D Printing Machinery Market Size shall reach a value of $xx Million in 2028, growing with a CAGR of 9.1% during the forecast period of 2021 to 2028.
3D Printing Machinery Market Growth and Trends
The global 3D printing machinery market is currently holding a market size of US$ 1.6 billion in 2020 and is projected to grow at a CAGR of 23.5% to an expected market size of US$ 4.5 billion by 2025. The increasing demand for 3D printing across various sectors is found to be the main propelling factor behind the 3D printing machinery market growth.
The 3D printing machinery and materials industry is thriving due to the increasing demand from several industry verticals like healthcare, automotive, aerospace, defense, and R&D globally. The rising use of additive manufacturing in the mass manufacturing market fuels the growth of the 3D printing machinery market.
The aircraft sector is a major contributor to the 3D printing machinery market. The aerospace industry presently holds a market share of 16.8% of the 3D printing machinery market. The aerospace 3D printing industry held a market value of US$ 1860.1 million in 2019 and is forecasted to grow at a CAGR of 16.9% to reach an estimated market value of US$ 6717.4 million by 2027. The technological advantages 3D printing provides the aerospace sector by fabricating and tailoring complex aircraft parts with precision and with a less scrap yield drives the demand for 3D printing machinery.
The aircraft and automotive engine manufacturers are increasingly relying on the 3D printing technology to develop light-weight parts at a relatively shorter time span. The growing satellite industry directly propels the demand for 3D printing machinery. The increasing demand for best-selling aircraft programs in both defense and commercial airlines boosts the demand for a higher production rate which is effectively met by the 3D printing machinery. The rising trend to opt for fuel-efficient aircraft and increasing demand for the production of intricate high-performance engines is driving the market growth for the 3D printing machinery.
The services segment of the aerospace industry is expected to exhibit the highest growth owing to the demand for 3D printing machinery for producing a wide range of engine and structural parts. Increasing passenger traffic owing to the rising globalization is also hiking the demand for new and more aircraft. The shifting demand for more light-weight airbuses is increasing the number of airframers using 3D printing to develop lightweight parts at an elevated rate.
The education industry is another propeller for the 3D printing machinery market. The shift towards incorporating practical 3D prototypes for learning and research purposes is increasing the demand for 3D printing machinery. The healthcare industry is revolving the demand for the 3D printing machinery upwards. In 2017 alone the healthcare 3D printing market held a market share of 91.1%.
The advantages of 3D printing technology towards the bulk and precise manufacturing are the driving factor of the market. The revolutionizing technological advancements in the 3D printing technology coupled with the marketing strategies proposed by the top players in the market induce the growth of the 3D printing machinery market.
3D Printing Machinery Industry Regional Analysis
3D Printing Machinery Market Research Report Scope/Definition
3D Printing Machinery Market Share and Competition Key companies operating in this industry are: Stratasys, Ltd.; Materialise; EnvisionTec, Inc.; 3D Systems, Inc.; GE Additive; Autodesk Inc.; Made In Space; Canon Inc.; Voxeljet AG
3D Printing Machinery Market Research Report Analysis Highlights
• Historical data available (as per request)
• Estimation/projections/forecast for revenue and unit sales (2021 – 2028)
• Data breakdown for every market segment (2021 – 2028)
• Gross margin and profitability analysis of companies
• Price analysis of each product type
• Business trend and expansion analysis
• Import and export analysis
• Competition analysis/market share
• Supply chain analysis
• Client list and case studies
• Market entry strategy
Industry Segmentation and Revenue Breakdown
Technology Analysis (Revenue, USD Million, 2021 - 2028)
• Fuse Deposition Modeling
• Selective Laser Sintering
• Direct Metal Laser Sintering
• Polyjet Printing
• Inkjet printing
• Electron Beam Melting
• Laser Metal Deposition
• Digital Light Processing
• Laminated Object Manufacturing
Component Analysis (Revenue, USD Million, 2021 - 2028)
Printer Type Analysis (Revenue, USD Million, 2021 - 2028)
• Desktop 3D Printer
• Industrial 3D Printer
Application Analysis (Revenue, USD Million, 2021 - 2028)
• Functional Parts
Region Analysis (Revenue, USD Million, 2021 - 2028)
• United States
• United Kingdom
• South Korea
• Middle East
• Rest of World
3D Printing Machinery Industry Companies
• Stratasys, Ltd.
• EnvisionTec, Inc.
• 3D Systems, Inc.
• GE Additive
• Autodesk Inc.
• Made In Space
• Canon Inc.
• Voxeljet AG
Available Versions of 3D Printing Machinery Market: -
United States Industry Research Report
Europe Industry Research Report
Asia Pacific Industry Research Report
India Industry Research Report