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Global 3D Printing Market By Type (Desktop, Industrial), By Technology (Direct Metal Laser Sintering, Selective Laser Sintering, Others), By Application (Prototyping, Functional Parts, Tooling), By Region–Forecast & Opportunities to 2026

Report Description

The global 3D printing market accounted for USD 10.5 billion in 2019. The market is projected to register growth at a CAGR of 12.8% during forecast period.

COVID-19 has impacted 3D printing market significantly. The demand for 3D printing is declining due to global pandemic across various industries such as construction, defense & aerospace and automotive. The supply chain has been affected due to travel restriction. The growth in this has been negatively affected due to spread of corona virus.

Definition:

3D printing can be defined as an additive process in which certain layers of materials are made to create a full 3D part. This is a very useful process which helps in creating complex parts with lower cost. This process is an opposite process of subtractive manufacturing processes in which a final design is cut from larger block of material.  There is less material wastage in 3D printing process.

Market Dynamics (Drivers/Opportunities):

The 3D printing has been adopted by various industries such as automotive, defense and aircraft etc. The 3D printing is used to produce complex parts and helps in creating parts with lower cost and at most feasibility. Thus, many manufacturers prefer this for producing various parts and this drives growth in 3D printing market during forecast period.

The introduction of new technologies has made various end-user industries to adopt 3D printing technologies. The R&D of 3D printing is also growing rapidly around the world. The rise in demand and adoption of 3D printing in various verticals is likely to drive growth in this market during forecast period.

Market Insights, by Printer Type

On the basis of printer type, the 3D printing market is segmented into desktop 3D printers and industrial printers.  The industrial printers segment accounted for largest market share in 2019. It accounted for XX% of total market share. It is estimated to hold largest market share during forecast period.  Various heavy industries such as aerospace & defense, automotive, electronics and healthcare are adopting industrial 3D printers rapidly. Industrial 3D printers are used for designing, tooling and prototyping etc. The rising demand of industrial 3D printers is likely to drive growth in this segment during forecast period.

Market Insights, by Technology

On the basis of technology, the 3D printing market is segmented into direct metal laser sintering, selective laser sitering, inkjet, fuse deposition modeling, polyjet, electron beam melting, laser metal deposition, laminated object manufacturing, digital light processing and others. Stereolithography technology is accounted for largest market share in 2019. It is estimated to register growth at highest CAGR during forecast period. The adoption of stereolithography technology is increasing around the world. The rapid technological advancement in this segment is likely to drive growth in this segment during forecast period.

Market Insights, by Application

On the basis of application, the 3D printing market is segmented into prototyping, functional parts and tooling. The prototyping segment is accounted for largest market share in 2019. It is estimated to hold largest market share during forecast period. The prototyping is used in automotive, aerospace and defense industry to design and develop various parts and components. It provides higher accuracy in developing components. All this factors are likely to drive growth in this segment during forecast period.

Regional Insights

The North America region is estimated to hold largest market share during forecast period whereas Asia-Pacific region is estimated to register growth at highest CAGR during forecast period. Various companies across this region are adopting 3D printing technology in their respective industries. Research & development department is growing immensely and introducing new and developed technologies in this market in North America region. All this factors are driving growth in North America region during forecast period.

Key Companies & Market Share Insights

The key market players in 3D printing market are Stratasys, 3D Systems, EOS GmbH, Materialise, GE Additive, Exone, Hp, Voxeljet, Envisiontec, Mcor Technologies, Protolabs, Optomec, Groupe Gorge, Renishaw and Ultimaker. All these industries are focusing introducing new and improved technology in 3D printing market.

Segments Covered in the Report

This report forecasts The Global 3D Printing Market, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2026. For the purpose of this study, Our Company has segmented the global 3D printing market report on the basis of printer type, technology, and application.

3D Printing Market Size & Forecast (2017-2026)

  1. Research Framework
    • Market Definition and Product Overview
    • Market Segmentation
  2. Research Methodology
    • Qualitative Research
      • Primary & Secondary Sources
    • Quantitative Research
      • Primary & Secondary Sources
    • Breakdown of Primary Research Respondents, By Region
      • Secondary Research
      • Primary Research
    • Breakdown of Primary Research Respondents, By Industry Participants
      • Market Size Estimation
      • Assumption for the Study
      • Market Breakdown & Data Triangulation
  3. Executive Summary
    • Market Snapshot
  4. Industry Insights
    • Industry ecosystem analysis
      • Value Chain Analysis
    • Industry impact and forces
      • Growth Drivers
      • Challenges &Restraints
      • Opportunities
    • Disruptive Technological Analysis
    • Regulatory framework
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
    • Growth potential analysis, 2019
    • Porter’s Five forces analysis
    • Pricing Analysis
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
  1. COVID – Impact Analysis
    • North America
    • Europe
    • Asia Pacific
    • Middle East & Africa
    • South America
  2. 3D Printing Market, By Printer Type, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Desktop 3D Printers
  • Industrial 3D Printers
  1. 3D Printing Market, By Technology, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Direct Metal Laser Sintering
  • Selective Laser Sitering
  • Inkjet
  • Fuse Deposition Modeling
  • Polyjet
  • Electron Beam Melting
  • Laser Metal Deposition
  • Laminated Object Manufacturing
  • Digital Light Processing
  • Others
  1. 3D Printing Market, By Application, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Prototyping
  • Functional Parts
  • Tooling
  1. 3D Printing Market, By Region, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • North America Market Size & Forecast To 2026
    • Market Overview
    • COVID-19 Impact
    • By Printer Type
    • By Technology
    • By Application
    • By Country
      • USA
        • By Application
      • Canada
      • Mexico
    • South America Market Size & Forecast To 2026
      • Market Overview
      • COVID-19 Impact
      • By Printer Type
      • By Technology
      • By Application
      • By Country
        • Brazil
          • By Application
        • Argentina
        • Chile
        • Rest of South America
      • Europe Market Size & Forecast To 2026
        • Market Overview
        • COVID-19 Impact
        • By Printer Type
        • By Technology
        • By Application
        • By Country
          • UK
            • By Application
          • Germany
          • France
          • Italy
          • Rest of Europe
        • APAC Market Size & Forecast To 2026
          • Market Overview
          • COVID-19 Impact
          • By Printer Type
          • By Technology
          • By Application
          • By Country
            • China
              • By Application
            • India
            • Japan
            • South Korea
            • Australia
            • Rest of APAC
          • Middle East & Africa Market Size & Forecast To 2026
            • Market Overview
            • COVID-19 Impact
            • By Printer Type
            • By Technology
            • By Application
            • By Country
              • Saudi Arabia
                • By Application
              • UAE
              • Qatar
              • Kuwait
              • South Africa
              • Rest of Middle East & Africa
  1. Competitive Landscaping
    • Competitive Benchmarking
      • Market Share Analysis, 2019
      • Global Presence and Growth Strategies
        • Mergers & Acquisitions
        • New Product Launches
        • Investments Trends
        • R&D Initiatives
  1. Company Profile
    • Ultimaker
      • Company Overview
      • Financial Overview
      • Product Portfolio
      • Recent Developments
      • SWOT Analysis
      • Strategic Outlook
    • Stratasys
    • 3D Systems
    • EOS GmbH
    • Materialise
    • GE Additive
    • Exone
    • Hp
    • Voxeljet
    • Envisiontec
    • Mcor Technologies
    • Protolabs
    • Optomec
    • Groupe Gorge
    • Renishaw
  2. Appendix
    • Interrelated Market

 

 

Research Methodology

1.1     Research Methodology

The process of market research at PAN Market Consulting is very intuitive being iterative in nature and usually follows the path where Information gathered from secondary research is used to build data models, which are than validated from primary participants. Then same cycle repeats where, according to inputs from primary participants, additional secondary research is done, and new information type is again incorporated into data model. The process continues till desired level of information is not generated.

To calculate the market size, the report considers the revenue generated from the sales of the product/services. The revenue generated from the sales of product/services has been calculated through primary and secondary research. The report also analyses the key players operating in the market at the global level which are identified through secondary research and a corresponding detailed analysis of the top vendors in the market. The market size calculation also includes product segmentation determined using secondary sources and verified through primary sources.

1.2     Secondary Research

The secondary research source that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • Internal and external proprietary databases, relevant patent and regulatory databases
  • National government documents, statistical databases and market reports
  • News articles, press releases and web-casts specific to the companies operating in the market

The source for secondary research includes but is not limited to Factiva, Hoovers and Statista

SecondaryResearch

1.3     Primary Research

We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate data and analysis. A typical research interview fulfills the following end users:

  • It provides first-hand information on the market size, market trends, growth trends, competitive landscape, future outlook etc.
  • Helps in validating and strengthening the secondary research findings
  • Further develops the analysis team’s expertise and market understanding
  • Primary research involves E-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/ product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts, research analysts specializing in specific markets
  • Key opinion leaders specializing in different areas corresponding to different industry end users

1.4     Models

Where no hard data is available, we use modeling and estimates in order to produce comprehensive data sets. A rigorous methodology is adopted in which the available hard data is cross referenced with the following data products to produce estimates:

  • Demographic data: Population split by segment
  • Macro-economic indicators: GDP, etc.
  • Industry indicators: Expenditure, product stage & infrastructure, sector growth and facilities.

Data is then cross checked by the expert panel.

1.4.1 Company Share Analysis Model

Company share analysis is used to derive the size of global market. As well as study of revenues of companies for last three to five years also provide the base for forecasting the market size and its growth rate. This model is built in following steps:

ResearchMethodology1

1.4.2 Revenue Based Modeling

Revenue based models can be built in two ways – Top-Down or Bottom-Up irrespective of industry. Market size estimated from company share analysis acts as a validation point for bottom-up approach whereas it acts as starting point for top-down approach.

ResearchMethodology2

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