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Research Reports

3D Printing Market 2021 Outlook, Current and Future Industry Landscape Analysis 2031

Published by mark itwired

Posted on September 24, 2021

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The global 3D printing market shall leapfrog 7x across the 2019-2029 forecast period.

As technological advancements reach an inflexion point, 3D printing, or additive manufacturing, is slated to take-off to impressive heights. The technology has long transcended the confines of rapid tooling, toy manufacturing and prototyping, with a potential to revolutionize mainstream manufacturing processes.

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As industries look towards curtailing production costs, they are creating more room for 3D-printing technologies, particularly across the automotive, aerospace, medical and consumer electronics verticals respectively. Techniques such as laser sintering and binder jetting have enabled end-users to design aesthetically advanced materials more efficiently and at a significantly reduced cost.

“Manufacturers are leveraging Industry 4.0, coupling 3D-printing with artificial intelligence to complement flexibility and precision during the production process, leading to enhanced growth opportunities,” says the FMI analyst.

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Key Takeaways from FMI’s 3D Printing Market Study

Global 3D printing market shall expand at a double-digit CAGR until 2029
Automotive sector shall exhaustively utilize 3D printers, generating an incremental opportunity of US$ 2 Bn
Industrial-grade 3D printing shall remain in vogue throughout the 2019-2029 forecast period
Aerospace will remain the primary revenue generator in the 3D printing market
Vat polymerization and material extrusion to remain key technological application areas

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3D Printing Market- Key Trends

Development of prosthetic human anatomy will uptick 3D printers usage across the healthcare sector in the coming years
Economization of costs by including additive processes is popularizing 3D printing technology across the construction industry
Space exploration is touted as a potential greenfield for 3D printing market proliferation in the future
Manufacturers are capitalizing on entry-level 3D printers due to their extensive uptake across verticals

3D Printing Market- Region-wise Analysis

Asia-Pacific excluding Japan shall emerge as a multibillion dollar market, attributed to a well-established manufacturing industrial base
North America & Western Europe shall capture over three-fifths of the global 3D-printing market share
Latin America and Eastern Europe are the fastest growing markets, collectively accounting for 40% of the total expansion

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