The 3D printing market is projected to grow from USD 15.0 billion in 2023 to USD 34.5 billion by 2028, at a CAGR of 18.1%. Some key factors attributing to the growth of 3D printers involve ease in developing customized products, decline in manufacturing cost and process downtime, government investments in 3D printing projects, and development of new industrial-grade 3D printing materials.
Stratasys (US), 3D Systems (US), Materialise (Belgium), EOS GmbH (Germany), GE (US), Voxeljet (Germany), HP (US), SLM Solutions (Germany), CleanGreen3D Limited (Ireland), Protolabs (US), Optomec (US), Groupe Gorgé (France), Ultimaker (The Netherlands), Renishaw (UK), Beijing Tiertime Technology (China), XYZprinting (Taiwan), Höganäs (Sweden), Covestro (Royal DSM) (Germany), Desktop Metal (US), TRUMPF (Germany), Nano Dimension (Israel), Formlabs (US), Markforged (US), and Carbon (US) are the major companies operating in the 3D printing market. Product launches, partnerships, acquisitions, and collaborations are key strategies most companies adopt in the 3D printing market. The 3D printing market comprises various types of printers and software and presence of large number of manufacturing companies along with software providers, so the overall market is fragmented.
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3D Systems (US) is a provider of additive manufacturing solutions. The company primarily develops three-dimensional (3D) printing and digital manufacturing solutions. Its products and services include 3D printers for plastics and metals, materials, software, maintenance and training services, and on-demand solutions. The company majorly caters to healthcare and industrial verticals. The healthcare vertical comprises dental and medical device services; the industrial vertical comprises aerospace and transportation. It uses the following 3D printing technologies: Stereolithography (SLA), Selective Laser Sintering (SLS), Direct Metal Printing (DMP), MultiJet Printing (MJP), and ColorJet Printing (CJP). It also offers 3D virtual reality simulators and simulator modules for medical applications. The company uses plastic, nylon, metal, composite, elastomeric, wax, polymeric dental, and Class IV bio-compatible materials. In February 2023, 3D Systems launched ProJet MJP 2500W Plus printer. This is specifically designed to produce complex, high-quality, pure wax 3D-printed jewelry patterns with unparalleled speed and precision for the lost wax casting process.
Stratasys (US) manufactures and sells 3D printers, materials, software, professional services, and on-demand parts. The company offers its products and services to various aerospace, healthcare, consumer products, automotive, rail, and education applications. It sells its offerings under the following brands: Stratasys Direct Manufacturing, Blueprint Consulting Services, GrabCAD Design Community and 3D Printing Software, and MakerBot. The company operates through the Products and Services segments. 3D printers are produced in the uPrint SE, Dimension, and Fortus lines, whereas services are provided under the RedEye on-demand rapid prototyping services. The uPrint SE line is intended for in-office use and can be purchased as part of a complete 3D printing package. The Dimension line is more of an industrial-sized machine aimed at product designers, engineers, educators, and architects. The Fortus line offers the largest build envelope of the Stratasys machines and can produce more durable parts than the smaller 3D printers. In February 2023, Stratasys launched TrueDent, the first monolithic, full-color 3D-printed permanent dentures solution. The TrueDent resin enables labs to create permanent, natural-looking gums with accurate tooth structure, shade, and clarity in one continuous print process.
3D Printing Market by Offering (Printer, Material, Software, Service), Process (Binder Jetting, Direct Energy Deposition, Material Extrusion, Material Jetting, Powder Bed Fusion), Application, Vertical, Technology and Region - Global Forecast to 2028
See Also: Industrial 3D Printing Companies
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