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Market Leadership - Global 3D Printing Market


The global 3D printing market is highly competitive and fragmented due to the presence of a large number of global and regional players offering 3D printing systems and materials for various applications. Since the last few years, the market has been growing at a significant rate due to the increase in demand for 3D printing technology for several applications in the automotive, aerospace & defense, and healthcare sectors. 3D Systems (U.S.), Stratesys Ltd. (U.S.), ExOne (U.S.), Voxeljet AG (Germany), Arcam AB (Sweden), SLM Solutions GmbH (Germany), EOS GmbH (Germany), EnvisionTEC GmbH (Germany), Materialise NV (Belgium), Concept Laser GmbH (GmbH), Autodesk, Inc. (U.S.), Koninklijke DSM N.V. (Netherlands), Cookson Precious Metals Ltd. (U.K.), The Argen Corporation (U.S.), Arkema S.A. (France), Hoganas AB (Sweden), FlashForge (China), XY Printing (Taiwan), Shapeways, Inc. (U.S.), ARC Group Worldwide, Inc. (U.S.), Organovo Holdings Inc. (U.S., Groupe Gorge (France), Optomec Inc. (U.S.), Renishaw plc. (U.K.), and Beijing Tiertime Technology Co., Ltd. (China) are some of the major companies operating in the 3D printing market.

The key 3D printing providers from North America and Europe dominated the global 3D printing market in 2015. These companies have been expanding their offerings worldwide, focusing on the key markets of APAC and RoW, through strategic collaborations, partnerships, acquisitions, and contracts. Several key companies have adopted various strategies such as mergers and acquisitions, partnerships, agreements, collaborations, new product launches, sales channels, and joint ventures to expand their global presence and increase their market reach.

Aerospace & defense, healthcare, industrial, and consumer products comprised the major industries that accounted for the major share of the 3D printing market in 2015. However, the 3D printing market for the education, printed electronics, energy, and jewelry industries is expected to grow at a significant rate during the forecast period. Stratesys Ltd. (U.S.) and 3D Systems Corporation (U.S.) were the two most successful companies in the global 3D printing market in 2015.

Stratasys Ltd., one of the leading global providers of 3D printing solutions (including prototyping, tooling, and manufacturing), accounted for the largest share of the 3D printing market in 2015. The company develops, manufactures, and sells materials for use with printing systems and provides related services. The company focuses on expanding its proprietary 3D printing technology offerings to new vertical applications, leveraging its global reach to expand the customer base and further penetrate existing customers, maintaining and extending its technology lead, and growing through strategic acquisitions. In February 2016, Stratasys announced a sales partnership program with its subsidiary, MakerBot Industries, LLC (U.S.) to extend the cross-selling of its products and open the door for sales partners to offer MakerBot and Stratasys 3D printers. In the same month, Stratasys partnered with Adobe to broaden the adoption of 3D printing with new color experience and simplified workflow for designers. The company also focuses on the education industry that offers enormous growth opportunities for the 3D printing technology market. In January 2016, the company developed seven new education modules for middle and high schools to support teaching and project-based learning.

3D Systems Corporation designs, manufactures, and markets 3D printing centric solutions. The company, through its subsidiaries, operates in the Americas, APAC, Europe, and the Middle East. Its growth strategy focuses on strategic initiatives related to profitable growth opportunities for 3D printing used in professional and industrial applications. The company plans to continue to invest in advanced developments to enhance and accelerate manufacturing applications, including the development of systems and materials. In January 2016, 3D Systems launched the ProX DMP 320 printer, designed for high precision, high throughput direct metal printing, with models that are optimized for printing with titanium, stainless steel, or nickel super alloy. The company, thus, continues to strengthen its capabilities and product offering in metals.

Related Reports:

3D Printing Market by Printer Type, Material Type (Metals, Plastics, Ceramics & Others), Material Form (Powder, Liquid, Filament), Process, Technology, Software, Service, Application, Vertical and Geography - Global Forecast to 2022

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