Global Industrial 3D Printing Market

Industrial 3D Printing Market Size, Share, Growth Analysis, By Component(3D Printers, 3D Printing Software), By Technology(SLA, FDM), By Application(Rapid Prototyping, Tools & Fixtures), By End User(Automotive, Healthcare & Medical Devices) - Industry Forecast 2024-2031


Report ID: SQMIG20I2253 | Region: Global | Published Date: March, 2024
Pages: 166 | Tables: 121 | Figures: 71

Industrial 3D Printing Market Insights

Global Industrial 3D Printing Market size was valued at USD 2.5 billion in 2022 and is poised to grow from USD 3.03 billion in 2023 to USD 13.9 billion by 2031, growing at a CAGR of 21% in the forecast period (2024-2031).

The growing proliferation of advanced technologies in the industrial sector and faster turnaround times of 3D printing are forecasted to primarily bolster the demand for industrial 3D printing over the coming years. Advancements in 3D printing technology are also slated to play a vital role in determining future market development. The rising adoption of automation and other advanced manufacturing techniques in the industrial sector will also uplift the sales of industrial 3D printing products going forward. Low waste, better profitability, and less margin of error are some key benefits that could promote the adoption of industrial 3D printing across the forecast period and beyond. Rapidly increasing industrialization and high demand for efficient high volume production techniques could also favor the industrial 3D printing market growth in the long run.

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Industrial 3D Printing Market size was valued at USD 2.5 billion in 2022 and is poised to grow from USD 3.03 billion in 2023 to USD 13.9 billion by 2031, growing at a CAGR of 21% in the forecast period (2024-2031).

Leading industrial 3D printing providers are focusing on investing in R&D to develop new technologies and expand their product portfolio. Companies are also incorporating advanced technologies such as artificial intelligence and machine learning to improve the productivity scope of their products. Collaborations, partnerships, and mergers will be popular strategies for industrial 3D printing market players looking to expand their market presence and gain a competitive edge over other companies. Metal 3D printing, multi-material printing, and large-scale additive manufacturing are some important trends that industrial 3D printing companies should keep a close eye on going forward. 'SLM Solutions', 'EnvisionTEC', 'Concept - Laser GmbH', 'Stratasys', 'ExOne', 'EOS GmbH', 'Sisma SpA', 'Arcam AB (GE Aviation)', 'GE Additive', 'Hewlett Packard Inc.', '3D Systems', 'Materialise', 'HP', 'Proto Labs Inc.'

Emphasis on High Volume Production

Adoption of Smart Manufacturing Techniques: Increasing proliferation of technology in different industries around the world has led to the high adoption of smart manufacturing techniques to optimize production and improve profit margins. Growing adoption of smart manufacturing practices could offer many new opportunities for industrial 3D printing companies in the long run.

North America is estimated to be a highly lucrative space for industrial 3D printing providers as it accounts for a high market share in the landscape. The presence of key 3D printing providers in this region coupled with rapid adoption of advanced 3D printing technologies allows North America to lead the industrial 3D printing product sales. The United States is forecasted to spearhead the demand for industrial 3D printing in North America followed by Canada over the coming years.

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Global Industrial 3D Printing Market

Product ID: SQMIG20I2253

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