Industrial 3D Printing Market Size - By Component (Software, Hardware, Services), By Technology, By Application (Manufacturing,

Industrial 3D Printing Market Size - By Component (Software, Hardware, Services), By Technology, By Application (Manufacturing,

Industrial 3D Printing Market Size

Industrial 3D Printing Market size was valued at USD 20 billion in 2023 and is anticipated to register a CAGR of over 15.8% between 2024 and 2032. Industrial 3D printing, also known as additive manufacturing, refers to the use of specialized techniques to create three-dimensional objects by layering materials on top of each other. The integration of 3D printing with Industry 4.0 principles and the Internet of Things (IoT) has become a focus. This involves creating interconnected, smart manufacturing environments where 3D printers are part of a larger network, enabling real-time monitoring, data analysis, and remote control.

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Additionally, the aerospace and automotive industries have been prominent users of industrial 3D printing for prototyping, customization, and production of complex components. The technology enables lightweight yet robust designs, leading to fuel efficiency improvements and performance enhancements. Metal additive manufacturing continues to develop with improvements in precision and speed. The ability to 3D print with metals, such as titanium, aluminum, and high-performance alloys, has expanded applications in aerospace, healthcare, and other industries, thereby fueling market growth.
 

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Despite advancements, some industries require materials with specific properties that may not be fully met by current 3D printing materials. 3D printing processes can be time-consuming, particularly for large-scale production. Improving printing speeds and scalability remains a challenge. Additionally, as 3D printing enables easy replication of designs, intellectual property concerns such as unauthorized copying of products are significant issues that need addressing. While 3D printing can be cost-effective for certain applications, the initial setup costs associated with acquiring 3D printers and training personnel can be substantial. Ensuring consistent & high-quality prints is crucial and quality assurance in 3D printing can be complex, especially for critical applications such as aerospace & healthcare.

Industrial 3D Printing Market Trends

Industrial 3D printing can offer cost advantages in certain scenarios. It allows manufacturers to produce complex structures as a single piece, reducing the need for assembly and minimizing material waste. This can lead to cost savings in both production and logistics, playing a significant role in driving market expansion. 3D printing enables quick and cost-effective prototyping of designs. This is crucial for industries, such as automotive and electronics, where rapid iteration and testing are essential for product development. Thus, continuous advancements in 3D printing technologies, such as powder bed fusion, stereolithography, and selective laser sintering, contribute to improved speed, accuracy & resolution. These technological enhancements make industrial 3D printing more viable for a wider range of applications.

Industries such as aerospace and healthcare have been early adopters of industrial 3D printing. This technology allows manufacturers to produce lightweight and complex aerospace components and customized medical implants, driving its adoption in these sectors. Additionally, industrial 3D printing is becoming an integral part of the broader Industry 4.0 paradigm. The integration of 3D printing with other smart manufacturing technologies, such as IoT sensors & data analytics, enhances overall production efficiency and control.

Industrial 3D Printing Market Analysis

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Based on component, the hardware segment dominated around USD 12 billion revenue in 2023. High-quality hardware components contribute to the precision and accuracy of 3D printing processes. This is particularly important in industrial applications where tight tolerances and intricate designs are often required.

Additionally, the hardware in 3D printers must be designed to handle a variety of materials including plastics, metals, ceramics, and composites. The compatibility of hardware components with different materials expands the range of applications in industrial settings. Industrial 3D printing often involves continuous and demanding usage. High-quality hardware components contribute to the overall reliability & durability of the 3D printing system, reducing downtime and maintenance requirements.

Based on technology, the industrial 3D printing market is categorized into selective laser sintering, stereolithography, fuse deposition modeling, direct metal laser sintering, inkjet printing, polyjet printing, electron beam melting, laminated object manufacturing, digital light processing, laser metal deposition, and others. In 2023, the stereolithography segment accounted for a market share between 20% - 30%. Stereolithography is known for its ability to produce highly detailed and accurate 3D-printed objects.

The technology uses a laser to solidify liquid resin layer by layer, enabling fine details and intricate geometry. This precision is crucial in industries where tight tolerances and intricate designs are required. Additionally, SLA produces parts with a smooth surface finish, reducing the need for post-processing. This advantage is particularly important in industries, such as automotive, aerospace & medical, where smooth surfaces are often necessary for functional and aesthetic reasons.

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Based on application, the industrial 3D printing market is divided into manufacturing, prototyping, and high voltage. In 2023, the prototyping segment dominated the market with a share between 50% - 60%. Prototyping enables rapid iteration of designs. Engineers and designers can quickly create and test multiple iterations of a product, identifying design flaws or improvements faster than traditional methods. It facilitates quicker validation of design concepts, ensuring that the final product meets specifications and requirements.

Prototyping in the industrial 3D printing market offers various advantages, such as faster iteration, cost efficiency, customization, reduced time-to-market, support for complex geometries, material testing, risk mitigation & improved collaboration, making it a valuable and integral part of the product development process.

Based on end user, the market is divided into automotive, aerospace & defense, healthcare, consumer electronics, food & culinary, power & energy, and others. The aerospace & defense sector accounted for 20% of the industrial 3D printing market share in 2023. The aerospace & defense sector often requires components tailored to specific requirements. 3D printing enables the customization of parts and the optimization of designs for enhanced performance, functionality, and durability. It also facilitates rapid prototyping, enabling aerospace & defense engineers to quickly iterate and test designs. This accelerates the product development cycle and reduces the time to market innovations & improvements.

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North America industrial 3D printing market size reached USD 7 billion in 2023, attributed to the increasing interest in industrial 3D printing owing to increased industrial expansion and urbanization in the region. This region will command a significant share of the global market, propelled by rapid urbanization and economic growth. As urbanization gains momentum, a growing number of individuals are migrating to cities, elevating living standards and presenting lucrative opportunities for the expansion of industrial 3D printing. The rise in disposable income further contributes to this trend.

Industrial 3D Printing Market Share

In 2023, dominant companies including Protolabs, Nano Dimension, 3D Systems, ExOne, and CleenGreen3D collectively held a substantial 20% - 25% market share. The industrial 3D printing industry is highly fragmented. Industry leaders are actively engaged in strategic initiatives, such as mergers & acquisitions, facility expansion, and partnerships, to broaden their product portfolios, reach a wider customer base, and strengthen their market presence. These companies continuously invest in research & development to improve their electronic products and incorporate new technologies, allowing them to stay ahead of the competition.

Industrial 3D Printing Market Companies

Major companies operating in the industrial 3D printing industry include

• Protolabs
• Nano Dimension
• 3D Systems
• ExOne
• CleenGreen3D
• Metal-Carbon
• Markforged
• GE Additive
• Voxeljet
• SLM Solutions
• Optomec
• Covestro
• TRUMPF
• EOS
• Renishaw
• Ultimaker

Industrial 3D Printing Industry News

• In December 2023, Protolabs introduced new surface texturing options for 3D printed prototypes and production parts.
   
• In February 2023, Digital manufacturing leader Protolabs (NYSEPRLB) launched instant design for additive manufacturability (DfAM) analysis on 3D-printed parts through its online quoting platform. The automated feedback enables product developers and engineers to optimize additive designs before parts are printed, which helps accelerate product development and avoid unnecessary production costs by making design adjustments early.
   
• In 2020, The ExOne Company (NasdaqXONE), the global leader in industrial metal and sand 3D printers using binder jetting technology, today announced the launch of an all-new metal 3D printing system through a strategic partnership with Rapidia that enhances the Company’s portfolio and technical capabilities.

The industrial 3D printing market research report includes in-depth coverage of the industry, with estimates & forecast in terms of revenue (USD Billion) and volume (Million Units) from 2018 to 2032, for the following segments

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Market, By Component

• Software
• Hardware
• Services

Market, By Technology

• Selective laser sintering
• Stereolithography
• Fuse deposition modeling
• Direct metal laser sintering
• Inkjet printing
• Polyjet printing
• Electron beam melting
• Laminated object manufacturing
• Digital light processing
• Laser metal deposition
• Others

Market, By Application

• Manufacturing
• Prototyping
• Others

Market, By End User

• Automotive
• Aerospace & defense
• Healthcare
• Consumer electronics
• Food & culinary
• Power & energy
• Others

The above information has been provided for the following regions and countries

• North America
• U.S.
• Canada
• Rest of North America

• Europe
• UK
• Germany
• France
• Italy
• Spain
• Rest of Europe
• Asia Pacific
• China
• Japan
• India
• South Korea
• Australia
• Malaysia
• Indonesia
• Rest of Asia Pacific
• Latin America
• Brazil
• Mexico
• Rest of Latin America
• MEA
• Saudi Arabia
• UAE
• South Africa
• Rest of MEA