The global 3D printing market is set to witness an impressive growth rate of 20.5% over the forecasted years of 2022 to 2032. The 3D printing market size is anticipated to reach a valuation of around US$ 148.4 Billion by the end of year 2032 from the current valuation of US$ 22.9 Billion in 2022.
The widespread demand for 3D printers in the manufacturing sector for machining, modelling, and prototyping is the major factor for the 3D printing market growth. Owing to this fact, the industrial 3D printers segment is thus anticipated to maintain its dominance over the global 3D printing market during the forecasted years.
Due to the widespread implementation of the technology across several 3D printing processes, Direct Metal Laser Sintering or DMLS technology type accounted for a highest revenue share in 2022. Due to the fact that these technologies can be used in specialized additive manufacturing processes, the DLP, EBM, inkjet printing, and DMLS sectors are anticipated to see a rise in acceptance throughout the projection period.
One of the earliest and most widely used 3D printing processes is stereolithography, whose contribution share was valued for about US$ 3 Billion for the year 2022. But even though the benefits and ease of use of stereolithography technology are promoting its adoption, technological advancements and intense R&D activities carried out by 3D printing company experts and researchers are creating opportunities for a number of other effective and dependable technologies
Key Takeaways from Market Study
Competitive Landscape
Some of the well-known packaging 3d Printing market players are Stratasys, Ltd., Materialise, EnvisionTec, Inc., 3D Systems, Inc., GE Additive, Autodesk Inc., Made In Space, Canon Inc., and Voxeljet AG among others.
In line with rising requirement for 3D printing applications in several industrial verticals for manufacturing and innovation purposes, 3D printing market key players are consistently improving the technology. The leading 3D printing companies are spotting opportunities for business evolution through the use of additive manufacturing into the procedures for developing new products.
3D Printing Market by Segmentation
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