Is the 3D printing market growing?
3D printing industry – worldwide market size 2020-2026 The worldwide market for 3D printing products and services was valued at around 12.6 billion U.S. dollars in 2020. The industry is expected to grow at a compound annual growth rate of some 17 percent between 2020 and 2023.
What is the potential of 3D printing in the world?
3D printing, or additive manufacturing, has the potential to democratize the production of goods, from food to medical supplies, to great coral reefs. In the future, 3D printing machines could make their way into homes, businesses, disaster sites, and even outer space.
How big is the market for 3D printing?
USD 13.78 billion
The global 3D printing market size was valued at USD 13.78 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 21.0% from 2021 to 2028. Globally, 2.1 million units of 3D printers were shipped in 2020 and the shipments are expected to reach 15.3 million units by 2028.
Is 3D printing in demand?
The global 3D printing market size was valued at USD 11.58 billion in 2019 and is expected to expand at a CAGR exceeding 14% from 2020 to 2027. Globally, 1.42 million units of 3D printers were shipped in 2018 and this number is expected to reach 8.04 million units by 2027.
What industries could benefit from 3D printing?
Five Industries Utilizing 3D Printing
- Aerospace. The aerospace industry has some of the highest standards in part performance.
- Automotive. The automotive industry has been charging ahead with additive manufacturing, with high-profile companies such as Audi using 3D printers.
- Manufacturing.
- Robotics.
- Education.
How can 3D printing improve the world?
3D printing will be used to create anatomical structures in cell cultures to imitate the growth of human organs. It will save countless lives by allowing faster transplants, compatible without the need of lifelong anti-rejection treatments.
What is the trend in 3D printing?
The global 3D printing market grew by 21 percent in 2020 compared to 2019 to an estimated value of $12.6 billion despite the effects of the Covid-19 pandemic, according to on-demand manufacturing platform 3D Hubs’ 2021 3D Printing Trends Report.
Can 3D printing be profitable?
Yes, you can make money with a 3D printer. And there are a lot of ways that you can do it, whether that’s selling 3D printed items, digital goods, or even offering a 3D printing service in your local area. You still need to work hard(and smart) to become successful in the 3D printing business.
What are the growth opportunities for 3D printing?
In addition, increase in applications in healthcare and various other industries is expected to create lucrative growth opportunities for 3D printing market. On the contrary, high cost of 3D printing, and scarcity of skilled labors hamper the growth of the market.
Which is the largest segment of the 3D printing industry?
The industrial printer segment led the market and accounted for more than 76% share of the global revenue in 2020. Based on the printer types, the industry has been further segmented into industrial and desktop 3D printers.
How does 3D printing affect the automotive industry?
In recent years, 3D printing market has significantly penetrated the automotive industry. With the help of 3D printing, the manufacturing of lightweight vehicle components is possible for reducing the weight of vehicles, improving car performance, and increasing fuel economy.
Who are the players in the 3D printing market?
Some of the prominent players operating in the global 3D printing market are: 1 Stratasys, Ltd. 2 Materialise 3 EnvisionTec, Inc. 4 3D Systems, Inc. 5 GE Additive 6 Autodesk Inc. 7 Made In Space 8 Canon Inc. 9 Voxeljet AG
