The report "Industrial 3D Printing Market by
Offering (Printers, Materials, Software, Services), Application (Manufacturing,
Prototyping), Process, Technology, Industry (Aerospace & Defense,
Automotive), and Geography - Global Forecast to 2025", is projected to
reach USD 5.3 billion by 2025 from an estimated USD 2.0 billion in 2020, it is
expected to grow at a CAGR of 20.9% from 2020 to 2025. Factors such as huge
investments in 3D printing by start-ups companies, increased focus on
high-volume production using 3D printing, high demand for 3D printing software
to produce industry-grade parts, and ease in development of customized
products, significant demand for online 3D printing are driving the growth of
the industrial 3D printing market are the major factors driving the growth of
the industrial 3D printing market. Introduction of digital or smart
manufacturing with emergence of Industry 4.0 and use of 3D printing in
healthcare sector.
Based on offerings, the services segment of
the industrial 3D printing market is projected to grow at the highest CAGR from
2020 and 2025.
Based on offerings,
the industrial 3D printing market has been segmented into printers, materials,
software, and services. The market for services is expected to grow at the
fastest rate as most manufacturers are prototyping or manufacturing parts on
demand. Most of the top players offering 3D printers also offer on-demand
printing services, which would further boost the market for industrial 3D
printing services.
Based on process, the direct energy deposition
segment of the industrial 3D printing market is projected to grow at the
highest CAGR from 2020 and 2025.
Based on process,
the industrial 3D printing market has been segmented into binder jetting,
direct energy deposition, material extrusion, material jetting, powder bed
fusion, sheet lamination, and vat photopolymerization. The direct energy
deposition process is used for the development and repairing of new parts of
heavy equipment and machinery in industries such as automotive and foundry and
forging. This process allows a high degree of control over the grain structure,
which makes the process suitable for repairing parts.
Based on technologies, the electron beam
melting segment of the industrial 3D printing market is projected to grow at
the highest CAGR from 2020 and 2025.
Based on
technologies, the industrial 3D printing market has been segmented into
stereolithography, fused deposition modeling, selective laser sintering, direct
metal laser sintering, polyjet printing, inkjet printing, electron beam
melting, laser metal deposition, laminated object manufacturing, and digital
light processing. In electron beam melting, the 3D printing process takes place
in a vacuum and high-temperature conditions, and an electron beam selectively
melts down the metal powder. Printers based on electron beam melting technology
produce high-density parts and have relatively good mechanical properties such
as lower fatigue and higher yield strength than traditional manufacturing
technologies.
Based on applications, the manufacturing
segment of the industrial 3D printing market is projected to grow at the
highest CAGR from 2020 and 2025.
Based on
applications, the industrial 3D printing market has been segmented into
prototyping and manufacturing. The higher growth of the market for
manufacturing application is mainly due to the adoption of 3D printers,
materials, and services for manufacturing of components in various industries
such as aerospace & defense, automotive, and healthcare.
Based on industries, the healthcare segment of
the industrial 3D printing market is projected to grow at the highest CAGR from
2020 and 2025.
Based on industries,
the industrial 3D printing market has been segmented into automotive, aerospace
& defense, food and culinary, printed electronics, foundry and forging,
healthcare, jewelry, oil & gas, consumer goods, and other industries. The
industrial 3D printing market for healthcare is expected to grow at the fastest
rate owing to the increasing adoption of this technology to manufacture several
medical products, such as surgical equipment, prosthetics, implants, and tissue
engineering products.
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The industrial 3D printing market in APAC is
projected to grow at the highest CAGR from 2020 to 2025.
The industrial 3D
printing market has been studied for North America, Europe, Asia Pacific
(APAC), and the Rest of the World (RoW). The market in APAC is expected to grow
at the highest CAGR between 2020 and 2025. Government initiatives, funding in
R&D, and an extensive industrial base are the major factors that make APAC
a dynamic region for industrial 3D printing, with Japan and China being the
major contributors to the market in APAC.
Stratasys
(Israel/US), 3D Systems (US), Materialise (Belgium), EOS (Germany), GE Additive
(US), ExOne (US), voxeljet (Germany), SLM Solutions (Germany), EnvisionTEC
(Germany), and HP (US) are some of the key players in the industrial 3D
printing market.
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