The industrial 3D printing market is projected to grow from USD 2.1 billion in 2021 to USD 5.2 billion by 2026; it is expected to grow at a Compound Annual Growth Rate (CAGR) of 20.0% from 2021 to 2026.
Industrial 3D printing technology is transforming
from prototyping to high-volume production. Mass production using 3D printing
can significantly reduce time to market by eliminating traditional tooling
methods and cutting lead times on prototypes and end-use parts. The industrial
3D printing market has been segmented based on offering, process, technology,
application, industry, and geography. These market segments are further
analyzed on the basis of market trends across the four regions considered in
this study.
Driver: Increased focus on high-volume production
using 3D printing
Industrial 3D printing technology is transforming
from prototyping to high-volume production. Currently, 3D printing is
considered a suitable technology for low- to mid-volume production. However,
opportunities for high-volume production with 3D printing are expected to
emerge in the future. High-volume additive manufacturing (AM) refers to the use
of 3D printing systems and processes for production at volumes less than 1
million units. The advantage of high-volume AM is its ability to support a
large mix of products. By eliminating tooling, a single 3D printing system and
the process can create numerous products of different designs in a batch. In
highly competitive industries, time to market is a deciding factor determining
a brand’s success. Mass production using 3D printing can significantly reduce
time to market by eliminating traditional tooling methods and cutting lead
times on prototypes and end-use parts.
Restraint: High capital requirement for additive
manufacturing
Buying an industrial 3D printer can be a high
capital expense for a company all on its own. For instance, a Metal FDM printer
costs around USD 100,000, whereas an SLM printer costs ~USD 200,000.
Additionally, it often involves investments in hiring staff to set up software,
provide maintenance, and purchase and install materials. Fixed costs such as
the costs associated with 3D printers, service contracts, installation, and
maintenance together add to the total equipment ownership cost. These expenses
arise regardless of whether the 3D printer is idle or produces dozens of parts
a week. In addition, raw 3D printing materials and other consumables required
to create parts are available at varying prices. Powdered metals used in 3D
printers can be expensive and cost-prohibitive, especially when used to
manufacture large items. Besides, an additive manufacturing setup may require
reconfiguration of overall operations. Another point of concern for end users
is the cost associated with pre- and post-processing of 3D-printed items.
Post-processing workflows vary based on the 3D printing process, but in most
cases include cleaning of parts and removal of supports or excess materials.
For instance, FDM parts require lengthy manual post-processing to improve the
quality and remove layer lines.
Opportunity: Smart manufacturing with Industry 4.0
The 3D printer is a vital part of Industry 4.0.
Leading corporates and consultants worldwide are making substantial investments
in gaining 3D printing knowledge and enhancing capabilities to advise and join
their clients in the Industry 4.0 trend and revolutionize supply chains,
product portfolios, and business models. A few important factors that are
fueling the adoption rate of industrial 3D printers are printing speed,
quality, safety, low environmental impact, and advancements in related
software. In the industrial sector, many manufacturing companies are set to
benefit by adopting 3D printing technology at the earliest.
3D printing and Industry 4.0 are being promoted
through several initiatives worldwide. DFactory BCN is one such initiative
undertaken by the Consorci de la Zona Franca de Barcelona (CZFB) organization
with the aim to become the largest Industry 4.0 hub in southern Europe.
Additionally, the facilities of the 3D Factory Incubator, Europe’s first
high-tech incubator in 3D printing, has more than 50 companies specializing in
AM. Project DIAMOnD in Michigan, US, seeks to help bring manufacturing into the
revolution of Industry 4.0. The maturity of the technology, wide range of
possibilities offered by 3D printing, and high emphasis by institutions are
expected to establish additive manufacturing as a leading technology in
multiple industries in the future.
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Challenge: Adverse impact of large-scale 3D printing
on environment
Plastic filament is a widely used material for 3D
printing. While it is relatively inexpensive, its byproduct ends up in landfills.
The widespread use of 3D printing can lead to a significant release of
byproducts, which can affect the environment. Another issue regarding 3D
printing is energy use. 3D printers consume about 50–100 times more electrical
energy than traditional injection molding when making an item of the same
weight. Laser direct metal deposition, on the other hand, uses more than 100
times the electricity as traditional foundry machines. 3D printers for
industrial applications must be equipped with exhaust ventilation or filtration
accessories and be used in an adequately ventilated environment.
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