Industrial 3D Printing Market

Industrial 3D Printing Market worth 5.66 Billion USD by 2023

According to the market research report "Industrial 3D Printing Market by Offering (Printers, Materials, Services, Software), Application (Tooling, Heavy Equipment & Machinery, Robotics), Process, Technology, Industry (Aerospace & Defense, Automotive), and Geography - Global Forecast to 2023", the industrial 3D printing market is estimated to grow from USD 1.73 Billion in 2018 to reach USD 5.66 Billion by 2023, at a CAGR of 27.21% between 2018 and 2023. The growth is attributed to the factors such as the evolution of 3D printing from developing prototypes to end-use parts production, ease of developing customized products, developments in existing industrial 3D printing materials market, government investments in 3D printing projects, and improvement in manufacturing efficiency.

Browse 81 market data Tables and 63 Figures spread through 231 Pages and in-depth TOC on "Industrial 3D Printing Market - Global Forecast to 2023"
Early buyers will receive 10% customization on reports.

Industrial 3D printing market for materials expected to grow at highest CAGR during forecast period

The market for the industrial 3D printing materials is expected to grow at the highest CAGR between 2018 and 2013. Rising demand for metals for printing customized functional parts, mainly across automotive, and aerospace and defense industries, is a key factor fueling the growth of this market. The overall growth of industrial 3D printing material market is also attributed to the increasing demand for biomaterials used in the healthcare industry and certain specialized materials (such as printed electronic materials) in emerging applications. Evolving needs of end-user industries and emerging application areas for 3D printed materials are further expected to increase the consumption of printing materials, which would contribute to the significant CAGR of the market for this offering in the next 5 years.

Industrial 3D printing market for printed electronics expected to grow at highest CAGR during forecast period

The industrial 3D printing technology has been witnessing the increase in deployment across the printed electronics industry. Common electronic materials including conductor, dielectric, resistor, and semiconductor inks can be processed to print sensors, antennae, shielding transistors, solar cells, light-emitting diodes, and other active and passive components. Recently, Optomec, Inc. (US) achieved a breakthrough by introducing 3D printed antenna that can be used in smartphones; this antenna was produced using the aerosol jet technology. The market for the printed electronics industry is expected to grow at a high CAGR as industrial 3D printing provides the opportunity to engineers to develop objects with complex internal structures, which would be difficult to produce using traditional methods

Industrial 3D printing market for laser metal deposition expected to grow at highest CAGR during forecast period

The laser metal deposition technology is used for repairing, cladding, and producing parts. Some of the common applications of this technology include repair of mold tool surfaces and repair and production of machinery parts, and robotics. The benefits of laser metal deposition printing technology include reduction of material wastage, reduced tooling costs, repair of parts that are costly to replace, decreased lead time, and customization of parts according to customers’ requirements.

North America held largest share of industrial 3D printing market in 2017

North America held the largest share of the market in 2017, followed by Europe and APAC. Major industries such as aerospace and defense, and automotive are increasingly using industrial 3D printing technology for tooling, producing  robotics parts such as arms and grippers, and manufacturing machinery parts to maximize functional integration and consistency while minimizing costs.

Major players in the global industrial 3D printing market include 3D Systems Corporation (US), Stratasys Ltd. (US), EOS GmbH (Germany), Materialise NV (Belgium), The ExOne Company (US),  Voxeljet AG (Germany), EnvisionTEC GmbH (Germany), Arcam AB (Sweden), Concept Laser GmbH (Germany), Optomec Inc. (US), SLM Solutions  Group AG (Germany), GROUPE GORGÉ  (France), Renishaw plc (UK), Koninklijke DSM N.V. (Netherlands), Höganäs AB (Sweden), ARC Group Worldwide, Inc. (US), Markforged, Inc. (US), Cookson Precious Metals Ltd. (UK), and Sculpteo (France).

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Mr. Rohan
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]

Report Code
SE 4293
PR Published ON
Choose License Type
Request Customization
Speak to Analyst
Speak to Analyst
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
  • What are the Known and Unknown Adjacencies Impacting the Industrial 3D Printing Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
©2020 MarketsandMarkets Research Private Ltd. All rights reserved

Digital Virtual Assistant - MarketsandMarkets