According to a report by Precedence Research, the global 3D printing market size was $17.38 billion in 2022, and the study projects that by 2032, the market size will be $98.31 billion.
3D printing products and services such as resin 3D printers, 3D printer filament as well as 3D printers, had also grown in popularity for producing personalized goods. Due to ongoing 3D printing research and development, as well as the growing need for prototype products from various industrial verticals, mainly in automotive, healthcare, military, and aerospace, the industrial 3D printing market is expected to grow.
3D Printing Market by Technology, (Revenue USD Million)
| Technology | 2021 | 2022 |
| Stereolithography | 1,152.2 | 1,389.9 |
| Fuse Deposition Modeling | 1,041.4 | 1,261.7 |
| Selective Laser Sintering | 472.8 | 567.9 |
| Direct Metal Laser Sintering | 470.8 | 564.9 |
| Polyjet Printing | 518.6 | 617.7 |
| Inkjet Printing | 586.6 | 709.7 |
The most preferred technology is selective laser sintering (SLS). It is expected to grow at the fastest CAGR throughout the predicted period due to its numerous advantages over other technologies. SLS uses 12-powder nylon as a raw material instead of the photosensitive resin used during stereolithography. SLS has been demonstrated to be cost and material-friendly since it does not require a post-printing support structure. Furthermore, SLS has improved durability and produces functional parts as well as prototypes. It is also progressively being used in sports automobiles and electric vehicles. The IEA estimates that the number of electric car sales worldwide was 7 million in 2021 and will be 80% by 2050. Major automotive firms have increasingly used SLS 3D printing technology in EVs, which is predicted to propel segment expansion.
Application Landscape
Prototyping led the market in 2022, accounting for approximately 55% of total revenues. By using prototyping greater precision and more reliable finished products are manufactured. Prototyping is widely used in the aerospace, defense, and automotive industries.
Furthermore, the tooling sector is anticipated to expand over the predicted period. 3D printing for tooling had also emerged to be one of technology’s most potential applications. Polymer 3D printing enables faster, cheaper, and more customized tools for everything from fixtures and jigs to asset casting patterns. Owing to their relative affordability and convenience of use, companies generally switch to SLA and FDM technologies to generate tooling. According to reports, Ford is applying Ultimaker FDM 3D printers to produce custom tools.
The full report can be requested here.
Find out more about Precedence Research at
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