3D Printing Market is Expected to Reach $ 99.72 Billion -

(Newswire.net — September 9, 2022) —

The global Three-Dimensional (3D) Printing Market size reached USD 16.86 Billion in 2021 and is expected to register a revenue CAGR of 21.8% during the forecast period, according to latest analysis by Emergen Research. The market is anticipated to increase as a result of the aggressive three-dimensional printing research and development as well as the rising demand for prototype applications from different industrial verticals, particularly healthcare, automotive, and aerospace and military.

The term “additive manufacturing” is frequently used to describe the use of 3D printing in industrial applications (AM). With the aid of software and a 3-dimensional printer, additive manufacturing involves adding material layer by layer to create an object from a three-dimensional file. To carry out the process, a pertinent 3D printing technology is chosen from the pool of options. The final step entails implementing this procedure across many industry verticals as necessary.

The deployment comprises resolving copyright, licencing, and patenting-related issues as well as supplying installation services, consultation solutions, and customer support. In terms of prototyping, designing the structure and final goods, modelling, and speed to market, 3D printing is advantageous for manufacturers. Because of the significant decrease in production costs, firms are now able to sell superior items for less money. These advantages are anticipated to increase the demand for 3D printers in the upcoming years.

Key companies profiled in the report include:

3D Systems, Inc., Stratasys Ltd., GE Additive, EOS, voxeljet AG, SLM Solutions, Optomec Inc., Proto Labs, Nano Dimension, and Materialise.

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Possibility to boost supply chain management and production procedures:

3D printing is currently moving away from its early uses in designing and prototyping and toward the production of useful items. Due to the fact that 3D printing does not require tooling, unlike traditional manufacturing processes, it can assist in overcoming a number of difficulties (such as higher tooling costs) related to traditional manufacturing processes used for, among other things, rapid prototyping and short production runs.

The Services segment is anticipated grow at highest rate

Comparatively speaking to the selling of printers and materials, the 3D printing services sector is growing significantly. Since these sectors were the early users of the technology, the market for 3D printing or AM has been expanding quickly alongside rapid development in the healthcare (including medical, orthopaedic, and dental), aerospace, and automotive sectors. However, compared to the sales of printers and materials, the 3D printing service sector is gaining substantial traction due to advancements in printing technology and materials.

During the projected period, the healthcare vertical is anticipated to experience the second-highest growth rate.

Through the use of 3D printing technologies, a number of medical products are produced, including surgical instruments, prosthetics, implants, and tissue engineering devices. In addition to these, 3D printing is employed in the fields of orthopaedics, dentistry, and craniomaxillofacial surgery. The primary forces influencing the market are quick product development at low costs, government funding, and new and improved technology.

The global market for 3D printing has been divided into segments by region, offering, process, application, and end-use:

Offering Outlook (Revenue, USD Billion; 2019-2030)