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

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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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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

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