Forecast for the global 3D-printing market to 2028

The “Global 3D Printing Market Research and Forecast, 2022-2028” report has been added to ResearchAndMarkets.com’s offering.

The global 3D printing market is growing at a considerable CAGR of 20.0% during the forecast period. Increasing need and demand for customized 3D printing products, rising applications in various sectors are prime factors affecting and driving the market.

Companies Mentioned

• 3Dconnexion IN
• 3D Systems, Inc.
• Autodesk Inc.
• ATEC, INC.
• BASF SE
• Clean Green 3D
• DASSAULT SYSTEMES
• Desktop Metal, Inc.
• EXONE
• FARO
• Formlabs
• GENERAL ELECTRIC
• Luxexcel
• microTEC
• Materialise
• Nano Dimension
• ORGANOVO HOLDINGS INC.
• Optomec, Inc.
• Proto Labs
• Renishaw plc.
• Shapeways, Inc
• Solidscape Inc.
• Stratasys Ltd.
• Ultimaker BV
• voxeljet AG
• Zhejiang Flashforge 3D Technology Co., Ltd

Increasing technology innovations in 3D printing are also estimated to be the key factor that significantly contributes towards the growth of the market. However, high cost that is involved initially is the major factors constraints which is hindering the growth of the global 3D printing market across the globe.

However, growing adoption of 3D printing in consumer electronics is also acting as one of the key factors that are creating opportunity for the market. New product launches in the market are likely to drive the growth of the global 3D printing market. For instance, in October 2020, one of the 3D printing companies named as Formlabs had introduced two new proprietary materials in order to enlarge 3D printing for users. Rigid 10K Resin and a reformulation of Draft Resin materials will put more of the benefits to stereolithography (SLA) 3D printing.

Impact of COVID-19 Pandemic on the Global 3D Printing Market

The global 3D printing market is hardly hit by the COVID-19 pandemic since December 2019. The COVID-19 pandemic in these major economies had brought a lot of disruption across the globe. Due to the COVID-19 pandemic, the supply chain was disrupted and a shortage of labor was there that adversely affected the 3D printing production. However, the demand was also generated for the fulfillment of medical needs that is one of the factors to boost the market.

Segmental Outlook

The market is segmented based on technology, material and end user. Based on technology, the market is segmented into stereo lithography technology (SLA), fused deposition modeling (FDM), selective laser sintering technology (SLS), direct metal laser sintering technology (DMLS), electron beam melting technology (EBM) and other. By material, the market is segmented into polymer and metals and alloys. Further by end user the market is segmented into consumer goods, healthcare industry, aerospace and automobile industry, education and research industry and other.

Regional Outlooks

The global 3D printing market is analyzed based on the geographical regions that are contributing significantly towards the growth of the market. Based on the geography, the market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. North America held a considerable share in 2020 in the global 3D printing market. Some factors that are boosting the market growth in North America are rising investment from manufacturers along with increasing demand in varied domains associated with 3D printing. Additionally, an extensive research and development activity and technological advancement is also driving the growth of the market.

Asia-Pacific will have Considerable Growth in the Global 3D Printing Market

Asia-Pacific region is expected to witness significant growth opportunities for the market. Increasing usage of 3D printing in application related with healthcare is likely to drive the growth of the regional market. Additionally, increasing production of consumer electronics in this region especially in South Korea, China and India is increasing activity in the market. Further, rapid income growth, increasing urbanization are also some of the factors that are affecting and impacting the growth in this market.

The Report Covers

• Market value data analysis of 2020 and forecast to 2027.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global 3D printing market based on the availability of data, information related to new product launches, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying ‘who-stands-where in the market.

For more information about this report, visit https://www.researchandmarkets.com/r/g248im.