The 3D printing market size is projected to reach US$ 102.38 billion by 2031 from US$ 18.64 billion in 2023. The market is expected to register a CAGR of 23.7% during 2023–2031. The growth in the construction industry and the rise in awareness towards sustainability are likely to remain key trends in the market.
The use of 3D printing technology is growing in the aerospace industry as it helps to create light and geometrically complex parts more efficiently and accurately, driving the growth of the 3D printing market. 3D printing helps to create the whole aircraft component rather than building it in parts, thus reducing lead times and material wastage. In addition, automobile manufacturers are increasingly using the technology to reduce inherent weight and cost reductions. It also helps with rapid prototyping of new parts for testing or small-scale manufacturing. Hence, the growing use of technology in the automotive industry is boosting the growth of the market. Furthermore, the rising use of 3D printing technology in the medical sector for the creation of made-to-measure implants and devices is creating an opportunity for the growth of the market. In the medical sector, technology can help in designing and customization of dental fixtures and hearing aids as per the needs of the users: raising its demand worldwide.
3D printing is also known as additive manufacturing. It is a method of creating a three-dimensional object using a computer-created design. Also, 3D printing is an additive process where layers of material are built to create a 3D part. It is the best option for the creation of complex, bespoke items, making it an ideal solution for rapid prototyping, as products can be created faster than any other traditional manufacturing techniques and without any reliance on external supply chains. In addition, 3D printing is cheaper than subtractive production methods as no extra material is used, thus boosting the growth of the industry. Moreover, as the process is based on computer-aided designs (CAD), if there are any product alterations, it can be easily done without impacting the manufacturing cost.
Government bodies in several countries are promoting 3D printing for a sustainable ecosystem. They are engaged in various initiatives and strategies that encourage market players across various industries to adopt 3D printing technology. As additive manufacturing offers sustainability, government authorities worldwide are widely adopting additive manufacturing. In May 2022, President Biden joined five leading US manufacturers to celebrate the launch of Additive Manufacturing Forward (AM Forward). AM Forward is a voluntary compact among large manufacturers to help their smaller US-based suppliers increase their use of additive manufacturing, otherwise known as 3D printing. In addition, the government authorities are incentivizing native manufacturers, which leads to the adoption of this advanced technology by SMEs. Thus, such factors bolster the 3D printing market.
Rapid urbanization and industrialization are some of the key drivers for the growing demand for infrastructure. Population growth is one of the factors that boost the demand for residential units worldwide. In addition, it further generates the demand for various products and services. This encourages the market players across several sectors, such as automotive, consumer goods, electronics, and others, to expand their infrastructural units to cater to the demand. Thus, all these factors are boosting the construction industry across the globe.
The waste generated by the construction industry gives rise to environmental concerns, which further encourages the construction industry market players to adopt 3D printing solutions. 3D printing solutions automate the process of manufacturing construction elements or entire structures with the help of a 3D printer. Thus, the rise in the construction industry fuels the 3D printing market.
Key segments that contributed to the derivation of the 3D printing market analysis are technology, components, and end users.
The geographic scope of the 3D printing market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.
Asia Pacific region is expected to grow with the highest CAGR during the forecast period. China holds the largest market share in 2023. The market is witnessing tremendous growth due to the growing manufacturing of automobiles in the region. Japan is one of the leading countries in the world in the automotive industry. The country is known for its cutting-edge technology and invigorating ideas worldwide. In Japan, automotive manufacturing takes up 89% of the country's manufacturing sector. In addition, the rising demand for hybrid and electric vehicles is further fuelling the growth of the automotive industry in the country, raising the market growth. In addition, various companies in the region are expanding their manufacturing capabilities to cater to the rising demand for automobiles. For instance, in March 2023, Chinese manufacturer BYD announced that it had started the construction of its new EV manufacturing facility in Thailand, which will be producing 150,000 passenger cars per year from 2024. Thus, the growing production of automobiles in the region is boosting the growth of the market.
The regional trends and factors influencing the 3D Printing Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses 3D Printing Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
| Report Attribute | Details |
|---|---|
| Market size in 2024 | US$ 23.06 Billion |
| Market Size by 2031 | US$ 102.38 Billion |
| Global CAGR (2025 - 2031) | 23.7% |
| Historical Data | 2021-2023 |
| Forecast period | 2025-2031 |
| Segments Covered |
By Technology
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The 3D Printing Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the 3D Printing Market are:
Disclaimer: The companies listed above are not ranked in any particular order.
The 3D printing market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the 3D printing market are listed below:
The “3D Printing Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
Companies List
- 3D Systems Corporation
- Arcam AB
- Autodesk, Inc.
- Amazon
- GE Company
- Materialise NV
- The ExOne Company
- Home Depot
- Stratasys Ltd.
- EOS GmbH
Some of the customization options available based on the request are additional 3–5 company profiles and country-specific analysis of 3–5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
3D Systems Corporation; Autodesk, Inc.; GE Company; Materialise NV; The ExOne Company, Stratasys Ltd.; voxeljet AG; Agile Manufacturing, Inc.; Renishaw plc; and Velo3D are some of the key players operating in the 3D printing market.
Advancements in printing technology are considered a key trend in the 3D printing market.
The global 3D printing market is estimated to register a CAGR of 23.7 % during the forecast period 2023–2031.
The growth in the construction industry and the rise in awareness towards sustainability are the key driving factors impacting the 3D printing market.