The global 3D printing market size is estimated to grow from USD 12.6 billion in 2021 to USD 34.8 billion by 2026, at a CAGR of 22.5%. Reduced manufacturing cost, development of industrial grade material in 3D printing, easy customization of products, increasing research activities and investments backed by government are attributed towards the growth of 3D printing market throughout the forecast period.
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Material extrusion segment to dominate the 3D printing market during the forecast period
The market for material extrusion captures the largest share of the 3D printing market, by process. Material extrusion, also known as Fused Filament Fabrication (FFF), is one of the most popular processes for the 3D printing market. The most popular materials that can be extruded include thermoplastics, such as Acrylonitrile Butadiene Styrene (ABS), Polylactic Acid (PLA), High-Impact Polystyrene (HIPS), Thermoplastic PolyUrethane (TPU), aliphatic PolyAmides (PA, also known as Nylon).
Fused Deposition Modeling (FDM) technology to lead the 3D printing market during the forecast period
FDM technology, also known as fused filament fabrication (FFF) and plastic jet printing (PJP), is used to create concept models, functional parts, and end-use parts. The FDM technology uses strong, stable, and durable thermoplastic materials in a filament form. The technology involves the layer-by-layer deposition of molten plastic material through an extruder onto the built platform; the model being built hardens after each newly added layer binds to the previous layer. Removable support material is deposited in the tray for organic shapes that require support. This support material can be removed easily through post-processing.
FDM is a clean, simple-to-use, and office-friendly 3D printing technology. It supports production-grade thermoplastics, which are mechanically and environmentally stable, and the technology is used to develop complex geometries and cavities. The applications of the FDM technology include manufacturing aids, jigs and fixtures, carbon fiber lay-up tooling, functional prototypes, and low-volume production parts. Stratasys (US), Ultimaker (Netherlands), and Afinia 3D (US) are some leading companies providing FDM-based 3D printing systems and services.
Europe is expected to grow at the second-highest rateGermany and the UK are the major countries contributing to the 3D printing market in Europe. The technique is widely used in the consumer, aerospace, automobile, and healthcare industries. Technological advancements, increase in the availability of various raw materials, regulatory policies, government support, low financial requirements, and ability to facilitate fast, and accurate product development are the major factors driving the 3D printing market in Europe. Recently, the European Space Agency (ESA) has developed an X-Ray telescope using plasma metal deposition 3D printing. The ESA space telescope is designed to search for black holes and hot map structures to determine their physical properties. The demonstrator parts of this telescope will be designed and 3D printed by RHP Technology, an Austrian company.
The key players operating in the 3D printing market include Stratasys (US), 3D Systems (US), Materialise (Belgium), EOS (Germany), GE Additive (US), ExOne (US), voxeljet (Germany), HP (US), and SLM Solutions (Germany), among others.
This research report categorizes the 3D printing market based on offering, technolgy, vertical, application, process, and region. This report describes the drivers, restraints, opportunities, and challenges influencing the growth of the market. The value chain analysis and the competitive landscape of the market leaders have also been included in the report.
“Brief information on the research methodology for the report can be found in the report description provided on the website.”
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