Global 3D Printing Market

Global 3D Printing Market Size, Share, Growth Analysis, By Component(Hardware, Software), By Printer Type(Desktop 3D Printer, Industrial 3D Printer), By Technology(Stereolithography, Fuse Deposition Modeling), By Software(Design Software, Inspection Software), By Application(Prototyping, Tooling), By Material(Polymer, Metal), By Vertical(Automotive, Aerospace & Defence) - Industry Forecast 2023-2030


Report ID: SQMIG45I2161 | Region: Global | Published Date: February, 2024 | Pages: 157 | Tables: 205 | Figures: 80

Global 3D Printing Market Insights

3D Printing Market size was valued at USD 13.58 billion in 2021 and is poised to grow from USD 16.75 billion in 2022 to USD 110.29 billion by 2030, growing at a CAGR of 23.3% in the forecast period (2023-2030).

Global shipments of 3D printers reached 2.2 million units in 2021, and by 2028, 21.5 million units are anticipated to be shipped. The industry is forecasted to grow as a result of aggressive three-dimensional printing research and development as well as the rising demand for prototype applications from different industrial verticals, particularly healthcare, automotive, and aerospace and military.

Additive Manufacturing (AM) is the term most often used to describe the use of 3D printing in industrial applications. With the aid of software and a 3-dimensional printer, additive manufacturing involves adding material layer by layer to create an object from a three-dimensional file. To carry out the process, a pertinent 3D printing technology is chosen from the pool of options. The final step entails implementing this procedure across many industry verticals as necessary. The deployment comprises resolving copyright, licencing, and patenting-related issues as well as supplying installation services, consultation solutions, and customer support. In terms of prototyping, designing the structure and final goods, modelling, and speed to market, 3D printing is advantageous for manufacturers. Because of the significant decrease in production costs, firms are now able to sell superior items for less money. These advantages are anticipated to increase the demand for 3D printers in the upcoming years.

The adoption of additive manufacturing, however, is being hampered by the small and medium-scale manufacturers' pervasive misconceptions about the prototyping procedures. Instead of attempting to comprehend the advantages and benefits of prototypes, businesses engaged in design, especially small and medium-sized businesses, are carefully considering investments before deeming them to be responsible investments. Prototyping is merely seen as an expensive stage before manufacturing among these businesses. Prototyping misconceptions like these, in addition to technical ignorance and a forecasted lack of standardised process controls, are predicted to impede industry expansion.

US 3D Printing Market is poised to grow at a sustainable CAGR for the next forecast year.

Market snapshot - 2023-2030

Global Market Size

USD 13.58 billion

Largest Segment

Automotive

Fastest Growth

Automotive

Growth Rate

23.3% CAGR

Global 3D Printing Market, 2021-2028 ($ Bn)
Country Share for North America Region- 2021 (%)
Global 3D Printing Market Size By Vertical, 2021-2028 ($ Bn)
Global 3D Printing Market Size By Vertical, 2021-2028 (%)

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Global 3D Printing Market Segmental Analysis

Global 3D Printing market segmentation by component, printer type, software, technology, application, material, vertical and region. By component, the 3D Printing Market is segmented into hardware, software, and services. Based on printer type, the 3D Printing Market is segmented into desktop 3D Printer and Industrial 3D Printer. Based on software, the 3D Printing market is segmented into Design Software, Inspection Software, Printer Software, and Scanning Software. Based on technology, the 3D Printing market is segmented into Stereolithography, Fuse Deposition Modeling, Selective Laser Sintering, Direct Metal Laser Sintering, Polyjet Printing, Inkjet Printing, and Others. Based on software, the 3D Printing market is segmented into Design Software, Inspection Software, Printer Software, and Scanning Software. Based on application, the 3D Printing market is segmented into Prototyping, Tooling, Functional Parts. Based on material, the 3D Printing market is segmented into polymer, metal, ceramic. Based on vertical, the 3D Printing market is segmented into Automotive, Aerospace & Defence, Healthcare, Consumer Electronics, Industrial, and Others. Based on region, 3D Printing market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.

It is anticipated that the industrial printer's category will maintain its dominance during the projection period

The industrial printer segment, which dominated the 3D Printing market, accounted for more than 70% of global revenue in 2021. The widespread use of industrial printers in heavy industries such as automotive, electronics, aerospace and defense, and healthcare can be attributed to industrial 3D printers' considerable market share. Some of the most popular industrial applications across these industry verticals include prototyping, designing, and tooling.

The extensive use of 3D printing for tooling, design, and prototype contributes to the expanding demand in the industrial sector. As a result, the industrial printer category is expected to maintain its dominance during the forecast period. Initially, desktop 3-dimensional printers were exclusively utilized by hobbyists and small businesses. However, they are increasingly being used for domestic and home purposes these days. Desktop printers are also utilized for technical training and research in the education sector, which includes universities, educational institutions, and schools.

The metal segment is likely to maintain its dominance throughout the forecast period

In 2021, the metal segment dominated the 3D printing market, accounting for more than 50% of global revenue. Additionally, the metal segment is likely to maintain its dominance throughout the forecast period. The industry has been further divided into three groups based on material: polymer, metal, and ceramic. The second-largest revenue share in 2021 was contributed by the polymer segment. The ceramic material market is anticipated to expand significantly during the coming years. Given that ceramic additive manufacturing is still relatively new, the growing R&D for 3D printing technologies like FDM and inkjet printing has resulted in a rise in demand for ceramic AM.

Hardware segment dominated the 3D Printing market

In 2021, the hardware segment dominated the market accounting for more than 60% of total 3D printing market revenue. The demand for sophisticated production techniques and rapid prototyping has greatly benefited the hardware industry. The expansion of the hardware market is mostly credited to a number of factors, including rapid industrialisation, rising consumer electronics penetration, improving civil infrastructure, quick urbanisation, and reduced labour costs. During the forecast period, the software is expected to grow at a rapid pace. 3D printing software is widely used in a variety of industry verticals to design the items and parts that will be printed. The use of 3D software to print prototypes of various manufacturing parts has increased as industries shift from conventional manufacturing techniques.

Global 3D Printing Market By Vertical, 2021 (%), 2021 (%)

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Global 3D Printing Market Regional Insights

In 2021, North America dominated the market and generated more than 30% of global 3D printing market revenue. This is a result of additive manufacturing being widely used in the region. The US and Canada were among the leading and early users of these technologies in a variety of manufacturing processes. Europe is home to a number of industry participants in additive manufacturing that have extensive technical knowledge of the procedures. Hence, in 2021, the European 3D Printing market grew to become the second-largest regional market.

The region of Asia-Pacific is anticipated to grow at the greatest CAGR over the forecast period. Due to improvements made in the region's manufacturing sector, additive manufacturing (AM) has been adopted rapidly in Asia-Pacific. Also, the Asia-Pacific region is developing as a manufacturing powerhouse for the healthcare and automotive sectors. Other factors driving the region's rising three-dimensional printing demand include rapid urbanisation and a stronghold on consumer electronics manufacturing.

Global 3D Printing Market By Geography, 2021-2028, 2023-2030
  • Largest
  • Fastest

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Global 3D Printing Market Dynamics

3D Printing Market Driver

  • Significant government and technology investments to promote 3D Printing market growth

Massive digital disruptions in advanced manufacturing technologies are occurring in several nations throughout the world. Potential users of 3D technology include the United States. Even industry leaders in computer software like Autodesk, Microsoft, and HP have introduced technologies for additive and 3D printing manufacturing. Similar to this, China is working very hard to keep the manufacturing sector competitive in the international 3D Printing market. Chinese firms tend to invest in the research and development of this technology because they perceive it as both a risk and an opportunity for the Chinese industrial economy. India, on the other hand, is eagerly anticipating this technology as a chance to boost its position as a global manufacturing competitor. India's 3D Printing market is supported by active government programmes like the 'Make in India' Initiative. Korea has developed a unique roadmap for this technology's research and development and offers national support to carry it out. The Korean government is speeding industry regulatory agreements and giving financial incentives. Germany has a well-established Industry 4.0 infrastructure; thus, it is expected to design new plans for the technology.

  • Ease in the development of customised products

Due to the availability of materials and developments in 3D printing technology, print-on-demand components are increasingly being used to produce specialised functional parts. Utilizing 3D printing, things may be made specifically to the demands and specifications of the customer. The businesses offer specialised services, such as fundamental design development by designers, followed by allowing the clients to co-create the product. The simple production of customised goods is enabled by ongoing technological advancements in available 3D printing technologies, declining printer costs, and the availability of a variety of materials.

3D Printing Market Restraint

  • High initial investments to restrict 3D Printing market growth

The largest barrier to this technology's adoption is reportedly its high initial investment. This investment includes technology, software, supplies, certification, education in additive manufacturing, and employee training. A 3-dimensional system requires more resources and capital outlay than conventional printing techniques. However, the makers are assisting the final consumers in reducing the high starting prices with the development of the industrial desktop 3D printer. Desktop printers are less expensive than 3-dimensional printers and are also simpler to operate and manage.

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Global 3D Printing Market Competitive Landscape

The 3D printing market is highly fragmented due to the presence of various small & medium-sized 3D printing manufacturers as well as other established major giants and emerging start-ups. Some well-established players 3D Systems and Stratasys, Ltd. holds a market share of more than 10% in the global 3D printing market.

3D Printing Market Top Players Company Profiles

  • Stratasys Ltd.
  • 3D Systems Corporation
  • EOS GmbH
  • Materialise NV
  • Concept Laser GmbH
  • Arcam AB
  • SLM Solutions Group AG
  • Renishaw plc
  • Ultimaker B.V.
  • EnvisionTEC GmbH
  • XYZprinting, Inc.
  • Höganäs AB
  • Optomec Inc.
  • Voxeljet AG
  • Mcor Technologies Ltd.
  • Carbon Inc.
  • Desktop Metal, Inc.
  • Nano Dimension Ltd.
  • Prodways Group
  • Beijing Tiertime Technology Co., Ltd.

3D Printing Market Recent Developments

  • In March 2022, The Department of Science and Innovation (DSI) of South Africa started a pilot project to use 3D printing technology to construct about 25 homes in an effort to address the housing shortage there.
  • In March 2022, The INDUSTRY F421 industrial FFF machine was introduced by 3DGence, a European company, and is suitable for high performance materials. The company has also released AS9100, a brand-new high-temperature filament that is approved for use in the aerospace and defense industries and produced using polyether ether ketone (PEEK).
  • In February 2022, Imaginarium partnered with Ultimaker to introduce desktop & industrial 3D printer range in the India 3D Printing market. In India, where additive manufacturing is anticipated to make significant strides in the following years, this alliance will aid Ultimaker in growing its operations there.
  • In May 2021, GE Additive partnered with Protolabs and fashion designer Zac Posen to construct four gowns and a headdress for showing at the Met Gala. Electron-beam melting (EBM), Multi Jet Fusion (MJF), and stereolithography (SLA) technology were used across the items to fulfil the design requirements of wearable clothes.

Global 3D Printing Key Market Trends

  • Selective laser sintering (SLS) is the most preferred technology used in 3D printing. It is predicted to register the highest CAGR during the forecast period due to its numerous advantages over other technologies. As an alternative to the photosensitive resin used in stereolithography, SLS uses 12 powder nylon as raw material. Companies and research groups throughout the world have been recognized as using this material and technology to address issues such as the brittle quality of the resin when exposed to sunlight. Furthermore, SLS has been shown to be cost and material-friendly, as it does not require any dedicated support structure after printing. Furthermore, SLS has improved durability and may produce working parts or prototypes.

Global 3D Printing Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.

According to our analysis, with the growing adoption of technology and the upcoming patent expirations, 3D printers are anticipated to become increasingly widespread. Businesses have already begun posting their product files on websites for clients to choose from, after which the things are shipped to the customers. Customers could anticipate more customisation of the things they buy as a result of this increased usage. As consumer usage rises, 3D piracy in which buyers make the products themselves rather than purchasing them from suppliers may also rise.

Report Metric Details
Market size value in 2021 USD 13.58 billion
Market size value in 2030 USD 110.29 billion
Growth Rate 23.3%
Base year 2021
Forecast period 2023-2030
Forecast Unit (Value) USD Billion
Segments covered
  • Component
    • Hardware, Software, Services
  • Printer Type
    • Desktop 3D Printer, Industrial 3D Printer
  • Technology
    • Stereolithography, Fuse Deposition Modeling, Selective Laser Sintering, Direct Metal Laser Sintering, Polyjet Printing, Inkjet printing, Others
  • Software
    • Design Software, Inspection Software, Printer Software, Scanning Software
  • Application
    • Prototyping, Tooling, Functional Parts
  • Material
    • Polymer, Metal, Ceramic
  • Vertical
    • Automotive, Aerospace & Defence, Healthcare, Consumer Electronics, Industrial, Others
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Stratasys Ltd.
  • 3D Systems Corporation
  • EOS GmbH
  • Materialise NV
  • Concept Laser GmbH
  • Arcam AB
  • SLM Solutions Group AG
  • Renishaw plc
  • Ultimaker B.V.
  • EnvisionTEC GmbH
  • XYZprinting, Inc.
  • Höganäs AB
  • Optomec Inc.
  • Voxeljet AG
  • Mcor Technologies Ltd.
  • Carbon Inc.
  • Desktop Metal, Inc.
  • Nano Dimension Ltd.
  • Prodways Group
  • Beijing Tiertime Technology Co., Ltd.
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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Global 3D Printing Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Global 3D Printing Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Global 3D Printing Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global 3D Printing Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global 3D Printing Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Global 3D Printing Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQ's

3D Printing Market size was valued at USD 13.58 billion in 2021 and is poised to grow from USD 16.75 billion in 2022 to USD 110.29 billion by 2030, growing at a CAGR of 23.3% in the forecast period (2023-2030).

The 3D printing market is highly fragmented due to the presence of various small & medium-sized 3D printing manufacturers as well as other established major giants and emerging start-ups. Some well-established players 3D Systems and Stratasys, Ltd. holds a market share of more than 10% in the global 3D printing market. 'Stratasys Ltd.', '3D Systems Corporation', 'EOS GmbH', 'Materialise NV', 'Concept Laser GmbH', 'Arcam AB', 'SLM Solutions Group AG', 'Renishaw plc', 'Ultimaker B.V.', 'EnvisionTEC GmbH', 'XYZprinting, Inc.', 'Höganäs AB', 'Optomec Inc.', 'Voxeljet AG', 'Mcor Technologies Ltd.', 'Carbon Inc.', 'Desktop Metal, Inc.', 'Nano Dimension Ltd.', 'Prodways Group', 'Beijing Tiertime Technology Co., Ltd.'

Significant government and technology investments to promote 3D Printing market growth

Selective laser sintering (SLS) is the most preferred technology used in 3D printing. It is predicted to register the highest CAGR during the forecast period due to its numerous advantages over other technologies. As an alternative to the photosensitive resin used in stereolithography, SLS uses 12 powder nylon as raw material. Companies and research groups throughout the world have been recognized as using this material and technology to address issues such as the brittle quality of the resin when exposed to sunlight. Furthermore, SLS has been shown to be cost and material-friendly, as it does not require any dedicated support structure after printing. Furthermore, SLS has improved durability and may produce working parts or prototypes.

In 2021, North America dominated the market and generated more than 30% of global 3D printing market revenue. This is a result of additive manufacturing being widely used in the region. The US and Canada were among the leading and early users of these technologies in a variety of manufacturing processes. Europe is home to a number of industry participants in additive manufacturing that have extensive technical knowledge of the procedures. Hence, in 2021, the European 3D Printing market grew to become the second-largest regional market.

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