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Manufacturing 3D Printer Market - By Technology (Fused Deposition Modeling (FDM), Stereolithography (SLA), Selective Laser Sintering (SLS), Direct Metal Laser Sintering (DMLS), Electron Beam Melting (EBM)), By Material (Plastic, Metal, Ceramic), By End Use & Forecast, 2032


Published on: 2024-07-28 | No of Pages : 240 | Industry : Professional-Services

Publisher : MRA | Format : PDF&Excel

Manufacturing 3D Printer Market - By Technology (Fused Deposition Modeling (FDM), Stereolithography (SLA), Selective Laser Sintering (SLS), Direct Metal Laser Sintering (DMLS), Electron Beam Melting (EBM)), By Material (Plastic, Metal, Ceramic), By End Use & Forecast, 2032

Manufacturing 3D Printer Market Size

Manufacturing 3D Printer Market size was valued at USD 15.1 billion in 2022 and is estimated to register a CAGR of over 15% between 2023 and 2032. The ease of developing customized products in the manufacturing 3D printer industry is facilitated by the technology's inherent flexibility. Design alterations can be implemented swiftly without the need for costly tooling changes, thereby enabling on-the-fly customization. Digital design files can be modified to match the specific requirements, allowing manufacturers to rapidly respond to customer demands for personalized products. This streamlined process minimizes lead times and reduces the complexity of custom production, making it a compelling option for industries seeking bespoke solutions, such as healthcare, aerospace, and automotive, while simultaneously enhancing overall production efficiency and cost-effectiveness.

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A manufacturing 3D printer, also known as an industrial or additive manufacturing 3D printer, is a specialized machine used in advanced manufacturing processes. It creates three-dimensional objects layer by layer from digital design files. Unlike consumer-grade 3D printers, manufacturing 3D printers are designed for high precision, durability & the production of functional components, often using a wide range of materials including plastics, metals, ceramics, and composites. These machines are integral to industries including aerospace, automotive, and healthcare, thereby enabling rapid prototyping, customized production, and the creation of complex geometries.
 

Manufacturing 3D Printer Market Report Attributes
Report Attribute Details
Base Year 2022
Manufacturing 3D Printer Market Size in 2022 USD 15.1 Billion
Forecast Period 2023 to 2032
Forecast Period 2023 to 2032 CAGR 15%
2032 Value Projection USD 70 Billion
Historical Data for 2018 to 2022
No. of Pages 200
Tables, Charts & Figures 292
Segments covered Technology, Material, End-use & Region
Growth Drivers
  • Wide use of rapid prototyping
  • Improvements in product development and supply chains
  • Ease in the development of customized product
  • Reduction in manufacturing cost and process downtime
  • Government investments in 3D printing projects
Pitfalls & Challenges
  • Material limitations and quality control
  • Ease of replicating designs with 3D printing technology

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The occurrence of material limitations can be attributed to the fact that not all materials are suitable for 3D printing, and many lack the required strength, durability, or specific properties for certain industrial applications. Ensuring consistent quality in 3D-printed parts is another challenge as variations in the printing process can lead to defects or inconsistencies. Quality control measures must be stringent to meet the industry standards, especially in sectors such as aerospace & healthcare, where precision and reliability are of utmost importance. Overcoming these challenges requires continuous material development and refining of quality control processes for reliable & high-quality 3D-printed components.

COVID-19 Impact

The COVID-19 pandemic disrupted advancements in the manufacturing 3D printer sector in several ways. The economic downturn prompted many businesses to cut capital expenditures including investments in new 3D printing technology. The reduced demand in sectors including aerospace and automotive, which are the major users of manufacturing 3D printers, resulted in canceled or deferred orders of 3D-printed components. Remote work restrictions hampered collaborations and access to 3D printing facilities, thereby slowing down design & prototyping processes. Moreover, numerous research & development projects related to 3D printing were postponed, impeding technological progress in the industry. Despite these challenges, some segments, such as healthcare & consumer goods, experienced an increase in demand for customized solutions during the pandemic.

Manufacturing 3D Printer Market Trends

The manufacturing 3D printer industry is characterized by several prominent trends including the ongoing diversification of materials with a focus on advanced options such as metals and composites. Additionally, the industry is shifting toward end-use production and emphasizing customization to meet individual consumer needs. Sustainability remains a key concern; however, 3D printing reduces waste generation and offers enhanced energy-efficient processes that align well with eco-conscious manufacturing practices. Furthermore, regulatory approvals are expanding, particularly in the highly regulated sectors of aerospace and healthcare. Finally, the COVID-19 pandemic underscored the importance of agile supply chains, driving interest in 3D printing for localized & on-demand production.

Manufacturing 3D Printer Market Analysis

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Based on technology, the manufacturing 3D printer market is segmented into Fused Deposition Modeling (FDM), Stereolithography (SLA), Selective Laser Sintering (SLS), Direct Metal Laser Sintering (DMLS), and Electron Beam Melting (EBM). The Electron Beam Melting (EBM) segment was valued at over USD 1.5 billion in 2022. EBM offers distinct advantages such as high precision and the ability to work with metals including titanium and other high-temperature materials. This makes it ideal for applications in the aerospace, healthcare (custom implants), and automotive sectors, where durable & complex metal parts are in high demand. EBM's unique process, which uses an electron beam to melt metal powder layer by layer in a vacuum, results in the formation of strong & fully dense parts with minimal residual stress. The rapid use of EBM capabilities owing to the increasing requirement for intricate metal components and lightweight structures among industries will drive segment growth.

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Based on material, the manufacturing 3D printer market is segmented into plastic, metal, and ceramic. The plastic segment was holding over 45% market share in 2022 and is expected to reach over USD 35 billion revenue by 2032. Plastics offer a wide range of material options, ranging from PLA and ABS to more advanced formulations, such as PETG & TPU, making them versatile for various applications. Plastics are also cost-effective, making 3D printing accessible to a broader audience. They are particularly valuable for prototyping and small-scale production, reducing material & production costs. Additionally, plastics are lightweight, making them suitable for use in industries, such as aerospace & automotive, where weight reduction is critical for fuel efficiency and performance. Biocompatible plastics have gained importance in healthcare for producing custom implants and prosthetics. The recyclability and sustainability of some plastic materials align with the growing environmental concerns in manufacturing processes, further fueling segment growth.

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North America held a significant manufacturing 3D printer market share of over 30% in 2022. The region has invested significantly in research & development, leading to the creation of cutting-edge innovations. Various industries, such as aerospace, healthcare, and automotive, have integrated 3D printing into their manufacturing processes, thereby increasing the demand for industrial-grade 3D printers. North America also has a robust ecosystem with leading 3D printer manufacturers, materials suppliers, and research institutions, fostering innovation and market growth. Moreover, regulatory agencies have been relatively progressive in approving 3D-printed components for critical applications, further driving market expansion. The region's emphasis on customization and government initiatives including defense contracts is also contribute to the thriving 3D printer industry.

Manufacturing 3D Printer Market Share

The manufacturing 3D printer market is highly competitive owing to the presence of key players such as

  • 3D Systems
  • Beijing Tiertime Technology
  • CleanGreen 3D Limited
  • EOS GmbH
  • GE
  • Groupe Gorge
  • HP
  • Materialise
  • Optomec
  • Protolabs
  • Renishaw
  • SLM Solutions
  • Stratasy
  • Ultimaker
  • Voxeljet

Rising investments in facility centers and acquisitions will increase the foothold of industry participants in the commercial industry. Significant investments in R&D to gain technological competitiveness and aggressive business strategies including technological launches, collaborations & long-term agreements with clients to capture market shares are positively impacting market growth.

Manufacturing 3D Printer Industry News

  • In March 2023, California aerospace startup launched the world’s first 3D-printed rocket on its inaugural test flight. Relativity Space was set to launch its Terran 1 booster from Florida’s Cape Canaveral Space Force Station.

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

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By Technology

 

  • Fused Deposition Modeling (FDM)
  • Stereolithography (SLA)
  • Selective Laser Sintering (SLS)
  • Direct Metal Laser Sintering (DMLS)
  • Electron Beam Melting (EBM)
  • Others

By Material

  • Plastic
  • Metal
  • Ceramic
  • Others

By End Use

  • Aerospace & defense
  • Automotive
  • Medical
  • Consumer goods
  • Construction
  • Others

The above information is provided for the following regions and countries

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • ANZ
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • MEA
    • South Africa
    • Saudi Arabia
    • UAE
    • Rest of MEA

 

Table of Content

To get a detailed Table of content/ Table of Figures/ Methodology Please contact our sales person at ( chris@marketinsightsresearch.com )

To get a detailed Table of content/ Table of Figures/ Methodology Please contact our sales person at ( chris@marketinsightsresearch.com )