3D Printing Market Size by Offering (Printer, Material, Software, Services), Technology (Fused Deposition Modelling, Stereolithography), Process (Powder Bed Fusion, Material Extrusion, Binder Jetting), Application, Vertical & Region - Global Forecast to 2029
Updated on : Sep 23, 2024
3D Printing Market Size & Share
The global 3D Printing market size is estimated to be USD 17.5 billion in 2024 and is projected to reach USD 37.4 billion by 2029, growing a CAGR of 16.4% during the forecast period.
The 3D printing industry growth is driven by ease in the development of customized products, reduction in manufacturing cost and process downtime, global government investment in 3D printing projects, availability of a wide variety of industrial-grade 3D printing materials, and complex part manufacturing in the aerospace & defense sector.
3D Printing Market Forecast to 2029
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3D Printing Market Trends:
Drivers: Ease in the development of customized products.
3D printing enables the manufacturing of personalized products according to individual needs and requirements. Companies provide customized services, such as essential design development by designers, followed by customers' being able to co-design the product. Ongoing technological advancements in the existing 3D printing technologies, reducing costs of printers, and availability of a range of materials enable the easy manufacturing of custom-made products.
AM makes print-on-demand possible for part replacement, complex structural designs, specialty products, and low- volume production of customized functional parts. In producing low-demand items, 3D printing reduces overhead costs, such as inventory costs and costs associated with stock wastage. In the current market for consumer goods, where customers' choice is limited to model, color, and size, 3D printing allows customers to opt for more complex designs, enabling greater customization.
3D printing minimizes the time spent on programming and developing the design, accelerating the shipment of final 3D printed parts to its intended end users. 3D printing is still widely used for rapid prototyping as it reduces scrap and reworks; however, the trend is shifting toward manufacturing functional parts and tooling equipment. 3D printing also allows manufacturers to make crucial trial and error processes possible for physical products, owing to developing complex designs without needing any particular expertise.
Restraint: Lack of standardized testing methods to verify mechanical properties of 3D printing materials and high cost of raw materials.
The lack of standardized testing methods to verify the mechanical properties of 3D printing materials presents a substantial challenge for the 3D printer market. This issue becomes particularly critical in aerospace, automotive industry, and healthcare industries, where printed parts' reliability and performance are paramount. Without standardized testing protocols, there can be inconsistencies in part quality, leading to uncertainties about structural integrity and increasing the risk of failures.
This uncertainty can hinder the full-scale adoption of 3D printing in industries that require stringent quality control measures. Moreover, the high cost of raw materials used in 3D printing, including metal powders, high-performance polymers, and composite filaments, contributes significantly to production expenses.
This cost factor limits the scalability of 3D printing, especially for large-scale manufacturing processes. Addressing these challenges through the development of robust testing standards and advancements in material affordability is crucial for overcoming these restraining factors and unlocking the full potential of the 3D printing industry across various sectors.
Opportunity: Increasing demand for medical products and supplies in post-pandemic scenario
The post-pandemic landscape has witnessed a substantial surge in the demand for medical products and supplies, creating fertile ground for opportunities within the 3D printing market. This heightened demand stems from various factors, such as the need for agile response capabilities in healthcare industry, the imperative for localized manufacturing to address supply chain vulnerabilities, and the increasing preference for personalized medical solutions.
For instance, in October 2023, CurifyLabs (Finland), CurifyLabs launched the world's first GMP (good manufacturing practice)-produced Pharma Inks for 3D printable medicines, addressing the growing demand for personalized medicine in healthcare.
The Pharma Kit, comprising automated 3D printing technology and printable pharmaceutical inks, enabled the efficient production of customized drugs, leading to better patient care and improved medication outcomes. 3D printing technologies are a critical solution in this framework due to their inherent flexibility and adaptability. They enable the rapid and customized production of various medical devices, equipment, and supplies.
Challenge: Ensuring consistent quality of final 3D product with repeatable and stable production processes
Ensuring consistent quality of the final 3D product with repeatable and stable production processes presents a multifaceted challenge for the growth of the 3D printer industry. This challenge encompasses various aspects, such as the inherent variability of 3D printing materials, necessitating meticulous control over properties like viscosity, shrinkage, and thermal behavior to achieve uniform quality across diverse print runs.
Moreover, optimizing print parameters like layer height, print speed, and temperature settings for different materials and designs requires extensive testing and expertise to ensure consistent results. Machine calibration also plays a critical role, as precise calibration is necessary to maintain performance and accuracy, with factors like wear
3D Printing Ecosystem
3D Printing Segmentation
The market for printer segment to hold largest market share during the forecast period.
The 3D desktop printer market is divided into desktop and industrial 3D printers, serving various applications across personal, professional, and production sectors. These printers offer a continuous printing capability that minimizes material costs and reduces wastage, making them environmentally sustainable options for manufacturing. Companies like BigRep and WASP have developed industrial-grade printers capable of printing objects on a massive scale, which are ideal for creating large prototypes, sculptures, architectural models, and building components.
Simultaneously, the market has seen the emergence of affordable desktop 3D printers, democratizing access to this technology for hobbyists, small businesses, educational institutions, and individuals. These compact devices have sparked creativity and innovation, empowering users to materialize their ideas and explore new product development, research, and education possibilities.
The versatility of 3D printers extends beyond traditional manufacturing, finding 3D printing applications in healthcare industry, aerospace industry, automotive industry, and consumer products industries, among others. This ongoing evolution and accessibility of 3D printing technology continue to drive innovation, efficiency, and cost- effectiveness, revolutionizing modern manufacturing and design processes across various sectors.
Fused Deposition Modelling (FDM) segment to hold largest market share in the technology segment in the 3D Printing market during the forecast period.
Fused Deposition Modeling (FDM) is the most prevalent technology in the 3D printer market, known for its versatility and cost-effectiveness. It utilizes a range of thermoplastic materials including polylactic acid (PLA), acrylonitrile butadiene styrene (ABS), polyethylene terephthalate glycol (PETG), polycarbonate (PC), and polyetherimide (PEI) to produce prototypes and functional parts swiftly and at a low cost. FDM's short lead times, sometimes as fast as next-day delivery, are facilitated by the high availability and accessibility of the technology.
This rapid turnaround time is advantageous for industries requiring quick iterations and prototypes. Additionally, FDM offers a broad selection of thermoplastic materials suitable for both prototyping and non-commercial functional applications, capable of producing high-precision plastic components with intricate geometries and fine details. These factors contribute to FDM's dominance in the market, enabling industries to accelerate product development cycles and create high-quality components for diverse 3D printing applications.
Powder Bed Fusion segment to hold the largest market share in the process segment in the 3D Printing market during the forecast period.
Powder Bed Fusion (PBF) has become a cornerstone technology within the additive manufacturing market, offering diverse applications across industries
The adoption of PBF encompasses various technologies such as Direct Metal Laser Sintering (DMLS), Selective Heat Sintering (SHS), Electron Beam Melting (EBM), Selective Laser Sintering (SLS), and Selective Laser Melting (SLM) each tailored for specific material requirements and part complexities.
Metal 3D printing processes like DMLS and EBM are witnessing substantial growth, driven by demand for high- performance metal parts in the aerospace industry, automotive industry, and medical sectors. DMLS stands out for its cost-effectiveness and material versatility, while EBM is favored for superior mechanical properties and compatibility with reactive materials like titanium. SLM offers an alternative for high-strength metal components.
Polymer 3D printing, including SLS and SHS, remains significant due to affordability, making it suitable for prototyping, low-volume production, and parts with good dimensional accuracy.
Prototyping segment to hold the largest market share in the application segment in the 3D Printing market during the forecast period.
Adopting 3D printing for prototype development substantially reduces material waste and operational costs, offering a more sustainable and cost-effective approach compared to traditional manufacturing processes. 3D printing achieves this through its additive approach, building models layer-by-layer and using only the necessary material, thus minimizing scrap and optimizing material usage within designs, especially for complex geometries.
This approach reduces material waste and lowers material consumption costs, particularly for expensive materials like metals and high-performance plastics. Additionally, 3D printing streamlines the prototyping process, potentially reducing labor costs, minimizing inventory needs, and enabling faster design cycles with fewer revisions. While there may be considerations such as material costs and post-processing needs, the overall impact of 3D printing on reducing waste and operational costs makes it a highly attractive option for rapid prototyping.
Industrial segment in vertical to hold the highest market share of the 3D Printing market during the forecast period
Large-scale 3D printing, also known as additive manufacturing, is reshaping manufacturing by offering numerous advantages over traditional techniques like machining and milling. This technology provides unparalleled design freedom, allowing for intricate designs with internal channels and complex geometries, resulting in lighter, stronger, and more efficient components.
It minimizes waste by building objects layer-by-layer, making it a sustainable manufacturing method. Large-scale 3D printing also enables faster prototyping and production applications, facilitating rapid design iterations and customization ideal for low-volume, high-value components or bespoke tools. In aerospace industry, it revolutionizes lightweight aircraft production, improving fuel efficiency and performance.
3D Printing Market Regional Analysis
The 3D Printing market in the Asia Pacific is estimated to grow at a higher CAGR during the forecast period.
The Asia-Pacific region is poised to experience rapid growth in the 3D printing market, driven by government initiatives promoting advanced manufacturing technologies and a growing demand for personalized products. This surge in industry adoption can be attributed to significant developments in the manufacturing sector, particularly in the automotive industry and healthcare industry.
With a strong presence in consumer electronics and ongoing urbanization, the region sees a rising need for additive manufacturing solutions. Small and medium-sized enterprises benefit from 3D printing's ability to efficiently produce customized products in small batches, a key advantage in sectors like automotive industry, aerospace industry, and healthcare industry.
Asian-Pacific governments recognize this potential and offer support through funding and infrastructure development, fostering a favorable environment for 3D printing companies. As technology advances and competition increases, the cost of 3D printing continues to decrease, further boosting market growth.
The region's proactive policies and investments in research and development attract renowned companies to establish their operations, particularly in countries like China, South Korea, and Japan, highlighting the immense potential of the Asia-Pacific 3D printing market in the foreseeable future.
3D Printing Market by Region
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Top 3D Printing Companies - Key Market Players
Major vendors in the 3D printing services market include
- Stratasys (US),
- 3D Systems, Inc. (US),
- HP Development Company, L.P. (US),
- EOS GmbH (Germany),
- General Electric (US),
- Materialise NV (Belgium),
- Desktop Metal, Inc. (US),
- voxeljet AG (Germany),
- SLM Solutions (Germany),
- Renishaw plc. (UK).
Apart from this, Protolabs (US), Optomec, Inc. (Mexico), Prodways Group (France), Ultimaker (Netherlands), Tiertime (China), XYZprinting (Taiwan), Höganäs AB (Sweden), UnionTech (China), Nexa3D (US), Trumpf (Germany), Formlabs (US), Markforged (US), Carbon (US), Nano Dimension (Israel), Rapid Shape GmbH (Germany) are among a few emerging companies in the 3D Printing market.
3D Printing Market Report Scope
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Report Metric |
Details |
| Estimated Market Size | USD 17.5 billion in 2024 |
| Projected Market Size | USD 37.4 billion by 2029 |
| 3D Printing Market Growth Rate | CAGR of 16.4% |
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Market size available for years |
2020—2029 |
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Base year |
2023 |
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Forecast period |
2024—2029 |
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Segments covered |
Offering, Application, Process, Technology, Vertical and Region |
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Geographic regions covered |
North America, Europe, Asia Pacific, and RoW |
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Companies covered |
The major players include Stratasys (US), 3D Systems, Inc. (US), HP Development Company, L.P. (US), EOS GmbH (Germany), General Electric (US), Materialise NV (Belgium), Desktop Metal, Inc. (US), voxeljet AG (Germany), SLM Solutions (Germany), Renishaw plc. (UK). and Others- total 25 players have been covered. |
3D Printing Market Highlights
This research report categorizes the 3D Printing market offering, technology, process, application, vertical and Region.
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Segment |
Subsegment |
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By Offering: |
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By Technology: |
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By Process: |
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By Application: |
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By Vertical: |
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By Region: |
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Recent Developments in 3D Printing Industry
- In November 2023, Stratasys introduced the F3300 Fused Deposition Modeling (FDM) 3D printer at the Formnext conference, promising enhanced manufacturing capabilities with improved accuracy, uptime, and doubled output. With faster print speeds, higher part quality, and cost savings, it targeted demanding industries like aerospace and automotive. The F3300 aimed to streamline production and overcome supply chain challenges.
- In November 2023, Gilmour Space Technologies, an Australian launch services company, partnered with EOS for additive manufacturing solutions, transitioning from R&D to manufacturing for Australia's first sovereign orbital launch. Supported by the Australian Government's Modern Manufacturing Strategy, the partnership aimed to enhance in-house manufacturing capabilities, leveraging metal additive manufacturing for rapid innovation and space launch vehicle development.
Key Questions Addressed in the Report:
What is the total CAGR expected to be recorded for the 3D Printing market during 2024-2029?
The global 3D Printing market is expected to record a CAGR of 16.4% from 2024-2029.
Which regions are expected to pose significant demand for the 3D Printing market from 2024-2029?
North America & Asia Pacific are expected to pose significant demand from 2024 to 2029. Major economies such as US, Canada, China, Japan, and India are expected to have a high potential for the future growth of the market.
What are the major market opportunities for the 3D Printing market?
Growing demand for medical products and supplies in post- pandemic scenario; Advancements in printing technologies and materials and development of knowledge and skills progression framework; Emerging applications of 3D printing technology in automotive, printed electronics, jewelry, and education fields; Advancements in materials of 3D Printing are the significant market opportunities in the 3D Printing market during the forecast period.
Which are the significant players operating in the 3D Printing market?
Key players operating in the 3D Printing market are Stratasys (US), 3D Systems, Inc. (US), HP Development Company, L.P. (US), EOS GmbH (Germany), General Electric (US), Materialise NV (Belgium), Desktop Metal, Inc. (US), voxeljet AG (Germany), SLM Solutions (Germany), Renishaw plc. (UK).
What are the major industries of the 3D Printing market?
Automotive, Aerospace & Defense, Healthcare, Architecture & Construction, Consumer Products, Education, Industrial, Energy, Printed Electronics, Jewelry, Food & Culinary, and Other Verticals are the major applications of 3D Printing market.
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
Two basic sources of information-secondary and primary-have been used to identify and collect information for an extensive technical and commercial study of the 3D printing market. Secondary sources include company websites, magazines, industry news, associations, and databases (OneSource, Factiva, and Bloomberg). Primary sources mainly comprise several experts from core and related industries, along with preferred suppliers, manufacturers, distributors, technology developers, alliances, standards, and certification organizations related to various segments of this industry’s value chain. They have been interviewed to understand, obtain, and verify critical information and assess future market trends and prospects. The key players in the 3D printing market have been identified through secondary research, and their market ranking has been determined through primary and secondary research. This research includes the study of annual reports of market players to identify top players and interviews with key opinion leaders such as CEOs, directors, and marketing personnel.
Secondary Research
In the secondary research, various sources were referred to identify and collect information important for this study. Secondary sources included corporate filings, such as annual reports, investor presentations, and financial statements; trade, business, and professional associations; white papers, 3D Printing products-related journals, and certified publications; articles by recognized authors; directories; and databases. Secondary research was conducted to obtain key information regarding the industry supply chain, market value chain, the total pool of key players, market classification and segmentation according to industry trends to the bottom-most level, geographic markets, and key developments from both market and technology-oriented perspectives. Data from secondary research was collected and analyzed to determine the overall market size, which was further validated by primary research.
Primary Research
Extensive primary research has been conducted after understanding and analyzing the 3D printing market scenario through secondary research. Several primary interviews have been conducted with key opinion leaders from both demand- and supply-side vendors across four major regions—North America, Europe, APAC, and RoW. Approximately 30% of the primary interviews were conducted with the demand side and 70% with the supply side. This primary data has been collected mainly through telephonic interviews, consisting of 80% of the primary interviews; questionnaires and emails were also used to collect the data.
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
In this report, we have implemented top-down and bottom-up approaches to estimate and validate the size of the 3D printing market and various other dependent submarkets. The key players in the 3D printing market have been identified through secondary research, and their market share in the respective regions has been determined through primary and secondary research.
This entire research methodology includes the study of annual and financial reports of top players, as well as interviews with experts (such as CEOs, VPs, directors, and marketing executives) for key insights (both quantitative and qualitative). All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources. All the possible parameters that affect the markets covered in this research study have been accounted for, viewed in detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data. This data has been consolidated and supplemented with detailed inputs and analysis from MarketsandMarkets and presented in this report. The recession impact has been analyzed while calculating the market estimations of the 3D printing market. The figures below show the overall market size estimation process employed for this study.
In this approach, important manufacturers for 3D Printing Market such Stratasys (US), 3D Systems, Inc. (US), HP Development Company, L.P. (US), EOS GmbH (Germany), General Electric (US) were identified. After confirming these companies through primary interviews with industry experts, their total revenue was estimated by referring to annual reports, SEC filings, and paid databases. Revenues of these companies pertaining to the business units (BUs) that offer printers, materials, software, and services for 3D printing market were identified through similar sources. Collective revenues of key companies that offer printers, materials, software, and services for 3D printing products were estimated for the market. Industry experts have reconfirmed these revenues through primary interviews.
3D Printing Market: Bottom-Up Approach
The bottom-up approach has been employed to arrive at the overall size of the 3D Printing market from the revenues of key players and their share in the market.
3D Printing Market: Top-Down Approach
In the top-down approach, the overall market size has been used to estimate the size of the individual markets (mentioned in the market segmentation) through percentage splits from secondary and primary research. The most appropriate parent market size has been considered to calculate specific market segments to implement the top-down approach. Data from interviews have been consolidated, checked for consistency and accuracy, and inserted into the data model to arrive at the market numbers following the top-down approach. Market sizes in different geographies have been identified and analyzed through secondary research.
Data Triangulation
After arriving at the overall size of the dark fiber market from the estimation process explained above, the market was split into several segments and subsegments. The data triangulation and market breakdown procedures were employed (wherever applicable) to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The data was triangulated by studying various factors and trends from both the demand and supply sides. The size of the 3D printing market was validated using both top-down and bottom-up approaches.
Market Definition
Three-dimensional (3D) printing involves the development of real 3D object with digital model by constructing thin layers of materials (which can be solid, liquid and powder forms), generally layer-upon-layer in horizontal cross-section, distinct to subtractive manufacturing methods. It is also known as additive manufacturing (AM) or freeform fabrication. 3D printing has its applications in tooling, prototyping, and functional part manufacturing. The functional parts manufactured with 3D printing are used in wide range of industries namely automotive, healthcare, aerospace, jewelry, consumer goods, art and architecture, and education.
Key Stakeholders
- 3D printing products and solutions providers
- 3D printing-related service providers
- 3D printing materials and accessories providers
- 3D printing consulting companies
- 3D printing assembly companies
- 3D printing software providers
- 3D printing-related associations, organizations, forums, and alliances
- Government and corporate offices
- Venture capitalists, private equity firms, and start-up companies
- Distributors and traders
- End users willing to know more about 3D printing technologies and the latest technological developments in the 3D printing market
Report Objectives
- To define, describe, and forecast the global 3D printing market, in terms of value, based on offering, process, technology, application, vertical, and geography
- To forecast the market size, in terms of value, for various segments, with respect to four main regions—North America, Europe, Asia Pacific, and Rest of the World (RoW)
- To provide detailed information regarding the major factors influencing the growth of the 3D printing market (drivers, restraints, opportunities, and industry-specific challenges)
- To provide an ecosystem analysis, case study analysis, patent analysis, technology analysis, ASP analysis, Porter’s Five Forces analysis, and regulations pertaining to the market.
- To offer a comprehensive overview of the value chain of 3D Printing market ecosystem
- To strategically analyze micromarkets1 with respect to individual growth trends, prospects, and contributions to the total market
- To analyze opportunities for the market stakeholders by identifying high-growth segments of the 3D printing market
- To benchmark players within the market using the proprietary Competitive Leadership Mapping framework, which analyzes market players on various parameters within the broad categories of market rank and product offering
- To strategically profile the key players and comprehensively analyze their market shares and core competencies2 and provide a detailed competitive landscape for market leaders
- To analyze competitive developments such as partnerships, collaborations, agreements, and joint ventures; mergers and acquisitions; expansions; and product launches and developments in the 3D printing market
- To evaluate the impact of the recession on the 3D Printing market
Available Customizations
With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to 7)
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Growth opportunities and latent adjacency in 3D Printing Market
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We are interested to continue with your support for our research on 3D-printing. Our institute is entitled with well furnished "RESEARCH AND DEVELOPMENT CENTER" . We are expecting a sample of 'PLA, Aluminum filament from you. If it gives better result than the earlier one's, we are ready to get all the filaments from your company.
We are interested to step forward with your support to do our research on 3D-printing, our institute is entitled with well furnished "RESEARCH AND DEVELOPMENT CENTER" we are expecting a sample of 'CARBON FIBER OR Aluminum filament from you. If it gives better result than the earlier one's, we are ready to get all the filaments from your company.
We are interested to step forward with your support to do our research on 3D-printing, our institute is entitled with well furnished "RESEARCH AND DEVELOPMENT CENTER" we are expecting a sample of 'CARBON FIBER OR Aluminum filament from you. If it gives better result than the earlier one's, we are ready to get all the filaments from your company.
kindly provide some sales strategy for 3d printer sales
Looking to start a business in the 3D printing market and need information about the market as a whole to determine whether or not the business plan is viable.
I am a graduate student working on a marketing plan for an additive manufacturing company. Do you provide free samples of reports?
Searching for detailed information on the additive manufacturing market to assess the viability of a new market entrant. Having access to your extensive research as soon as possible would be extremely helpful.
I want to explore the 3D printing Market, different technology, different applications, limitations of process machines and materials. Also, I want to know the global forecast especially Indian market. Economics of 3D printing.
Do you provide only country specific data for 3D printing report?
I am involved in development of polymers for SLA, DLP, Polymer Solutions, create new application Areas and optimize characteristics of 3D printed object towards longer lifetime and stability/reliability. Please provide a sample for this report.
I want to know the potential for 3d Printing and services in Colombia, South America. I am looking for partnerships.
We have task in university course to write short article about market share of 3D printing. Can you share some information?
I'm currently studying the market of 3D printing in Puerto Rico and the United States and I want to know the number of people uses 3D Printing for hobby or home use.
I oversee the world's first additive manufacturing & design graduate program and teach 3D printing/additive manufacturing courses. I want to make sure that our courses and graduates are aligned to meet the demands that you (and others) are forecasting. Can I get a sample of the report?
I want to know more about 3D printing technology and latest technological developments in the 3D printing market.