Market Overview
Global
3D Printing Market is forecasted to reach
USD 20.6 billion by the end of 2024 and grow to
USD 84.6 billion in 2033, with a
CAGR of 17.0%.
3D printing is a process of creating three-dimensional objects by layering materials based on a digital model. They build objects layer by layer using materials like plastic, metal, or resin unlike traditional subtractive manufacturing, which removes material from a solid block. It allows for rapid prototyping, complex geometries, and customized production across industries like aerospace, healthcare, automotive, & consumer goods. It offers advantages in cost-efficiency, design flexibility, and the ability to produce intricate or lightweight structures not possible with traditional manufacturing methods.
The US 3D Printing Market
The US 3D Printing Market is projected to reach USD 5.9 billion by the end of 2024 and grow substantially to an expected USD 22.3 billion market by 2033 at an anticipated CAGR of 15.9 percent.
The ability of the technology to enable rapid prototyping and product development will drive the growth of the 3D printing market in the U.S.; hence, it sees widespread usage in industries such as aerospace, automotive, healthcare, and consumer goods.
Increasingly, metal 3D printing is being adopted, especially for high-performance applications. Furthermore, innovations in 3D printing software are rapidly paving the way for better and more scalable precision. R&D investments continue to fuel the development of new technologies that foster industry-wide adoptions.
Key Takeaways
- Market Growth: The global 3D Printing market is projected to grow by USD 60.9 billion, with a CAGR of 17.0%.
- Market Definition: 3D printing, also known as additive manufacturing, is a process that creates three-dimensional objects from digital files.
- Offering Analysis: Printers are expected to account for the largest revenue share based on offering, by 2024.
- Technology Analysis: Stereolithography (SLA) is likely to lead the market with the highest revenue share based on technology by 2024.
- Process Analysis: Power Bed Fusion is predicted to dominate the market with a significant revenue share in 2024.
- Application Analysis: Prototyping as applications predicted to dominate the market, accounting for the largest revenue by 2024.
- Vertical Analysis: Automotive is predicted to dominate the market in terms of vertical, accounting for the largest revenue by 2024.
- Regional Analysis: North America is expected to lead the global 3D Printing market with a market share of 46.4% by 2024.
Use Cases
- Medical Applications and Prosthetics: 3D printing is metamorphosing the medical world in terms of making personalized prosthetics, implants, and even bio-printed organs and tissues.
- Aviation and Aerospace: 3D Printing in the aerospace industry is utilized for making aircraft and spacecraft parts lightweight with strength. Such parts include engine parts, fuel nozzles, and structure-related parts-3D printed for weight reduction, efficiency improvement, and optimization of those designs that previously have been difficult or impossible to manufacture by traditional techniques.
- Automation of Prototype Making and the Manufacturing of Parts: Car companies employ 3D printing in rapid prototyping of parts during the design and testing phases to reduce the time and cost involved in the making of physical prototypes.
- Consumer Products and Fashion: 3D printing is revolutionizing the manufacturing process for consumer products whereby designers can very quickly prototype and produce specially fitted products. Examples of such products are footwear, eyeglasses, jewelry, and home decor items.
Market Dynamic
Drivers
Increased Demand for Customized Goods3D printing is likely to revolutionize manufacturing because it will be able to make personalized products for an individual's needs. Currently, companies are offering customization services in which consumers can co-design products with designers, fostering creativity and personalization. The ongoing improvements in 3D printing technologies, the costs of printers, and the spread and variety of materials that can be reproduced make this process a little bit easier in manufacturing custom-made items on a large scale.
Cost Efficiency in Low-Volume Manufacturing
Additive manufacturing has now turned instrumental in the area of low-volume, cost-effective production. By facilitating print-on-demand solutions, 3D printing cuts overhead costs like that of inventory and waste of stock significantly. This allows for the making of items that have very low demand or specialty items efficiently, hence making it ideal for industries requiring complicated structural designs, part replacements, and functional components without the burden of excess stock.
Restraints
Regulatory Challenges and Compliance
The 3D printing market faces considerable scrutiny of regulations, especially in fields like healthcare, where safety and quality become critical issues for the products produced. Authorities set high standards for the manufacturing of medical devices, thereby delaying product launches and increasing development costs which limits the growth of the market.
Quality Control Requirements by the Strictest Standards
As 3D printing technology improves, ensuring that the quality of products printed remains consistent becomes a big challenge. Indeed, achieving such strict quality control measures for 3D-printed items in those industries where quality is emphatically paramount-for instance, health, aeronautics, and automotive-remains pretty difficult.
Opportunities
Expansion in the Construction Industry
3D printing market offers a significant opportunity for growth in the construction industry as it is helpful in the creation of complex building structures & components. Its ability to produce innovative architectural designs while minimizing material waste and reducing costs which makes it highly attractive for both residential & commercial construction projects.
Customization and Rapid Prototyping in Emerging Sectors
The increasing adoption of 3D printing in industries like fashion and food presents a good opportunity for market expansion. 3D printing is used in the fashion industry as it allows for the creation for highly customized designs, offering a new level of personalization in products like clothing and accessories. It can also help in designing the intricate food style and efficient production processes. The technology’s ability to quickly prototype and iterate new designs across various sectors opens doors for its integration into more consumer-focused industries, fueling its growth potential.
Trends
Demand for Large-Format Systems in Metal 3D Printing
There is a growing demand for large-format systems, especially in metal 3D printing, driven by industries like aerospace, automotive, and defense. There is a need for larger, complex metal components that traditional manufacturing struggles to produce efficiently. Large-format 3D printers enable the creation of parts with intricate geometries, while also reducing production times and costs compared to conventional methods.
3D Printing in Bioprinting
3D printing is making significant strides in the medical field, particularly in the areas of tissue engineering and organ creation. Researchers are developing bioprinting technologies capable of producing tissue structures using biomaterials and living cells. The ability to 3D print tissues and potential organs holds transformative potential for transplant medicine. Current research focuses on creating functional tissues that could be used for drug testing, reducing the reliance on animal models.
Research Scope and Analysis
By Offering
Printers are bound to continue leading the 3D printing market with the largest revenue share due to their easy availability, versatility, and innovation in the different industries. Various types of 3D printers can target a wide range of users, from hobby and educational segments to large-scale manufacturing, with desktop printers to industrial ones. Access to these printers has been transformed with desktop printers, which have made reasonably priced options available, enabling individuals and small businesses to convert their ideas and designs into reality, stimulating creativity and innovation.
These compact devices are becoming indispensable for speed prototyping, research, and personalized product development. On the industrial side, prominent firms such as BigRep and WASP created large-scale 3D printers able to print huge objects, making them irreplaceable in industries like aerospace, automotive, and architecture. These machines excel in producing prototypes, building components, and even sculptures, reducing costs, waste, and time associated with traditional manufacturing methods. Continuous printing at 3D printers further escalates their dominance, allowing them to minimize material wastage.
In addition, the universality of application areas of 3D printing in healthcare, consumer goods, and other industries cements its wide acceptance. This is why 3D printers are believed to form one of the recognizable tools in recent manufacturing and design, therefore creating ongoing innovations and sure market growth.
By Technology
Stereolithography (SLA) is predicted to dominate the 3D Printing market with the highest revenue share in 2024, due to its capability to deliver high precision & exceptional surface finishes, which are important for applications in sectors like dental, medical, & jewelry design where intricate details are critical. Stereolithography provides a distinct advantage in fabricating complex geometries and detailed designs that may challenge other 3D printing technologies.
The high resolution & accuracy of SLA printers make them ideal for producing detailed prototypes and end-use components. The dominance of this segment in the 3D printing market is due to its versatility in accommodating various materials, including advanced photopolymers with enhanced properties like improved strength & flexibility. Furthermore, continuous advancements in SLA technology have resulted in quicker printing times and reduced operational costs, increasing its accessibility and attractiveness to a wider market.
Fused Deposition Modeling (FDM) is growing with the highest CAGR during the forecasted period, largely due to its widespread use in various 3D printing processes. This technology uses thermoplastic materials, making it suitable for a wide range of applications, from prototyping to functional parts. Printers equipped with this technology are widely available, catering to industrial users, which contributes to their popularity.
By Process
Power Bed Fusion is anticipated to lead in 2024 in the 3D Printing market based on the process. Additive manufacturing has already determined that Power Bed Fusion falls under the key technologies in this field since it covers a wide scope of applications in industries: The major technologies comprise DMLS, SHS, EBM, SLS, and SLM. DMLS and EBM represent forms of metal 3D printing technology whose demand has been growing very fast due to increased demand for high-performance metal parts in aerospace, automotive, and even healthcare industries.
DMLS has good economics and is versatile with materials, while ELM offers excellent mechanical properties, being also suitable for reactive materials like titanium. SLM presents an alternative for high-strength metal parts. It is expected that the leading position in the market will be occupied by vat photopolymerization, which includes various technologies such as SLA and DLP.
These technologies are desirable since they allow very correct and smooth surface finishes, making them feasible for prototyping, dental models, and even medical devices. Stereolithography is gaining popularity because it can make extremely accurate and smooth surface finishes that make the technology suitable for prototyping, dental models, and even medical devices.
By Application
Prototyping is expected to lead the 3D printing market with a revenue share by 2024 due to 3D printing's ability to quickly produce prototypes, speed up design iteration processes, and streamline development processes. Major industries, including automotive, aerospace and consumer electronics heavily utilize 3D printing as a testing method of components before moving towards large-scale production.
Rapid prototyping technology hasten product development while significantly cutting prototyping costs compared to traditional prototyping approaches, leading to its adoption at an astounding rate. 3D printing's growth is enabled by advancements in 3D printing technology which provide increased accuracy, better material properties, & faster printing speeds for better printing speeds overall.
Prototyping allows companies to develop prototypes that closely resemble final products, enhancing testing and development efficiencies and shortening development cycles for iterating designs quickly. Prototypes also increase innovation efficiency allowing firms to quickly iterate on designs they find too complex or troublesome for testing purposes. Flexibility is critical in industries like aerospace and automotive where innovation and precision are of utmost importance, while 3D printing's ability to produce functional prototypes from plastics to metals makes it a powerful asset in product development.
By Vertical
Automotive is anticipated to dominate the 3D Printing market with the highest revenue share of in 2024. This dominance is due to the automotive industry’s growing use of 3D printing to optimize production processes, increase customization, and shorten lead times. Manufacturers are employing 3D printing for prototyping which produces complex components that are difficult or costly to create using traditional manufacturing methods. It includes lightweight parts that improve fuel efficiency & intricate components essential for electric vehicle assembly.
This technology also enables the production of customized parts, such as interior components and high-performance parts for motorsports. 3D printing is used for producing lightweight parts, which improves fuel efficiency in vehicles. Aerospace & Defense is the second most dominating segment in the 3D printing market due to its demand for lightweight, high-strength components and customization.
This technology is perfectly able to produce complex geometries that are difficult or impossible with traditional manufacturing methods, leading to significant weight reductions in parts. 3D printing supports low-volume, high-complexity production, making it ideal for custom components in aircraft, spacecraft, and defense systems.
Global 3D Printing Market Report is segmented on the basis of the following
By Offering
- Printers
- Materials
- Software
- Services
By Technology
- Stereolithography (SLA)
- Fused Deposition Modelling (FDM)
- Selective Laser Sintering (SLS)
- Poly-jet Printing/Multi-jet Printing (MJP)
- Electron Beam Melting (EBM)
- Others
By Process
- Powder Bed Fusion
- Vat Photopolymerization
- Binder Jetting
- Material Extrusion
- Material Jetting
- Others
By Application
- Prototyping
- Tooling
- Functional Parts
By Vertical
- Automotive
- Aerospace & Defense
- Healthcare
- Printed Electronics
- Industrial
- Others
Regional Analysis
It is predicted that North America is likely to dominate the
revenue share with 34.0% in the 3D printing market in 2024, as strong technological infrastructure in the region acts as a vital driver in research and development of technologies related to 3D printing. Innovation centers like Silicon Valley and Boston have formed nodes in technological development and spurred serious R&D efforts toward merger development in 3D printing techniques and material development. Besides, North America hosts some of the biggest companies in the 3D printing space, everything from hardware and software to specialized materials.
The companies here benefit from a supportive venture capital ecosystem that enables continuous innovation and expansion into new applications. Because aerospace, automotive, and healthcare in the region are rapidly integrating 3D printing for manufacturing transformation, enhancement of product customization, and shortening of time-to-market, North America has fortified its position as the leading player in the global 3D printing market.
Europe
- Germany
- The U.K.
- France
- Italy
- Russia
- Spain
- Benelux
- Nordic
- Rest of Europe
Asia-Pacific
- China
- Japan
- South Korea
- India
- ANZ
- ASEAN
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Argentina
- Colombia
- Rest of Latin America
Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
- Israel
- Egypt
- Rest of MEA
Competitive Landscape
The global 3D printing market is highly competitive, driven by advancements across multiple segments. Major players such as Stratasys, 3D Systems, and HP Inc. lead innovation in technologies like FDM and SLS. Competition is strong in both hardware and materials, with companies focusing on high-performance polymers, metals, and composites. The services segment, including custom design and prototyping, also sees intense rivalry.
Partnerships with industries like automotive, aerospace, and healthcare further amplify the competitive landscape. New entrants leveraging cloud-based software and production scalability add additional pressure, pushing established companies to innovate continuously to maintain their market share.
Some of the prominent players in the Global 3D Printing market are
- 3D Systems, Inc.
- 3DCeram
- Arcam AB
- Autodesk, Inc.
- Canon, Inc.
- Dassault Systemes
- EnvisionTec, Inc.
- EOS (Electro Optical Systems) GmbH
- ExOne
- GE Additive
- HP Inc.
- Other Key Players
Recent Development
- In March 2024, Stratasys introduced two new software packages, GrabCAD Streamline Pro and an updated version of GrabCAD Print Pro, aimed at improving operational efficiency and reducing costs for users of its 3D printing systems.
- In July 2023, Autodesk released major updates to its Fusion 360 software, enhancing its capabilities for 3D printing and additive manufacturing workflows.
- In June 2023, 3D Systems proposed a USD 1.3 billion merger with Stratasys. The merger aims to create a global leader in additive manufacturing, with significant synergies expected from the combined operations.
- In February 2023, Materialise completed the acquisition of Link3D, which is expected to enhance its software portfolio and provide better integration for customers across the additive manufacturing workflow.
Report Details
| Report Characteristics |
| Market Size (2024) |
USD 20.6 Bn |
| Forecast Value (2033) |
USD 84.6 Bn |
| CAGR (2024-2033) |
17.0% |
| Historical Data |
2018 – 2023 |
| The US Market Size (2024) |
USD 5.9 Bn |
| Forecast Data |
2025 – 2033 |
| Base Year |
2023 |
| Estimate Year |
2024 |
| Report Coverage |
Market Revenue Estimation, Market Dynamics, Competitive Landscape, Growth Factors and etc. |
| Segments Covered |
3D Systems, Inc., 3DCeram, Arcam AB, Autodesk, Inc., Canon, Inc., Dassault Systemes, EnvisionTec, Inc., EOS (Electro Optical Systems) GmbH, ExOne, GE Additive, HP Inc., Other Key Players |
| Regional Coverage |
North America – The US and Canada; Europe – Germany, The UK, France, Russia, Spain, Italy, Benelux, Nordic, & Rest of Europe; Asia- Pacific– China, Japan, South Korea, India, ANZ, ASEAN, Rest of APAC; Latin America – Brazil, Mexico, Argentina, Colombia, Rest of Latin America; Middle East & Africa – Saudi Arabia, UAE, South Africa, Turkey, Egypt, Israel, & Rest of MEA
|
| Prominent Players |
TCS, Target, Salesforce, Nike, Nationwide, Klarna, J.P. Morgan, IBM, General Motors Co., Ford Motor Co., Flipkart, Citigroup, and Other Key Players |
| Purchase Options |
We have three licenses to opt for: Single User License (Limited to 1 user), Multi-User License (Up to 5 Users) and Corporate Use License (Unlimited User) along with free report customization equivalent to 0 analyst working days, 3 analysts working days and 5 analysts working days respectively. |
Frequently Asked Questions
The Global 3D Printing Market size is estimated to have a value of USD 20.6 billion in 2024 and is expected to reach USD 84.6 billion by the end of 2033.
North America is expected to be the largest market share for the Global 3D Printing Market with a share of about 34.0 % in 2024.
Some of the major key players in the Global 3D Printing Market are 3D Systems, Inc., HP Inc., GE Additive, and many others.
The market is growing at a CAGR of 17.0 percent over the forecasted period.
The Global US 3D Printing Market size is estimated to have a value of USD 5.9 billion in 2024 and is expected to reach USD 22.3 billion by the end of 2033.