04.14.23
MarketsandMarkets’ report, "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," estimates that the 3D printing market will grow from $15 billion in 2023 to $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 tailored products, decrease in manufacturing cost and process downtime, government investments in 3D printing projects, and advancements in industrial-grade 3D printing materials.
The 3D printing services are broadly classified into two types: after-sales and custom design and manufacturing. After-sales services include a warranty, maintenance, software, and training. Custom design and manufacturing services include contract manufacturing (outsourcing of quick parts or end parts production); design services; online platform services including content creation tools, cloud or online printing services, licensing, and others for third parties. Protolabs (US), Shapeways (US), ARC Group (US), 3D Hubs (Netherlands), and Sculpteo (France) are some of the 3D printing service providers known to provide on-demand 3D printing services.
SLA technology is projected to have second largest share of 3D printing market in 2023. SLA-based 3D printing is used to create anatomical models, lightweight concept models, architectural models, urethane casting patterns, and large investment cast patterns. 3D Systems (US), Form Labs (US), Autodesk (US), and 3D Ceram (France) are some of the major companies offering 3D printers based on the SLA technology and services related to them. SLA is ideal for concept models, form and fit studies, and investment casting patterns, as the technology provides a high-quality surface finish.
Healthcare vertical is projected to have second largest share of 3D printing market in 2023. Several medical products, such as surgical equipment, prosthetics, implants, and tissue engineering, are manufactured through 3D printing technologies. Apart from these, 3D printing is also used in orthopedic, dental, and craniomaxillofacial medical applications.
North America is projected to hold the largest share of the 3D printing market during the forecast period. North America is a highly attractive market for the 3D printing market for the education vertical.
Some key factors attributing to the growth of 3D printers involve ease in developing tailored products, decrease in manufacturing cost and process downtime, government investments in 3D printing projects, and advancements in industrial-grade 3D printing materials.
The 3D printing services are broadly classified into two types: after-sales and custom design and manufacturing. After-sales services include a warranty, maintenance, software, and training. Custom design and manufacturing services include contract manufacturing (outsourcing of quick parts or end parts production); design services; online platform services including content creation tools, cloud or online printing services, licensing, and others for third parties. Protolabs (US), Shapeways (US), ARC Group (US), 3D Hubs (Netherlands), and Sculpteo (France) are some of the 3D printing service providers known to provide on-demand 3D printing services.
SLA technology is projected to have second largest share of 3D printing market in 2023. SLA-based 3D printing is used to create anatomical models, lightweight concept models, architectural models, urethane casting patterns, and large investment cast patterns. 3D Systems (US), Form Labs (US), Autodesk (US), and 3D Ceram (France) are some of the major companies offering 3D printers based on the SLA technology and services related to them. SLA is ideal for concept models, form and fit studies, and investment casting patterns, as the technology provides a high-quality surface finish.
Healthcare vertical is projected to have second largest share of 3D printing market in 2023. Several medical products, such as surgical equipment, prosthetics, implants, and tissue engineering, are manufactured through 3D printing technologies. Apart from these, 3D printing is also used in orthopedic, dental, and craniomaxillofacial medical applications.
North America is projected to hold the largest share of the 3D printing market during the forecast period. North America is a highly attractive market for the 3D printing market for the education vertical.