Manufacturing 3D Printer Market size was over USD 20.6 Billion in 2023 and is projected to cross USD 97.5 Billion by the end of 2036, growing at more than 16% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of manufacturing 3d printer is evaluated at USD 26 Billion.
The growing manufacturing of vehicles across the globe, driven by a rise in the market for customized cars, calls for a greater use of manufacturing 3D printers also referred to as additive manufacturing 3D printers utilized to develop and modify complex, organic designs that would be too difficult, or often impossible, to fabricate otherwise, as well as to build prototypes for testing.
As per the International Organization of Motor Vehicle Manufacturers (OICA), the estimated world vehicle motor production in the year 2023 was roughly 93546599 units.
Growth Drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
16% |
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Base Year Market Size (2023) |
USD 20.6 Billion |
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Forecast Year Market Size (2036) |
USD 97.5 Billion |
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Regional Scope |
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Material (Plastic, Metal, Ceramic)
Plastic segment is estimated to hold manufacturing 3d printer market share of more than 47% by 2036. The segment growth can be attributed to the rising demand for plastic across the globe. For instance, in 2023, polyethylene and polypropylene made up over 60% of the demand volume for plastics worldwide.
The most popular material for manufacturing 3D printers is plastic which includes thermoset resins for high-quality surface finishes, thermoplastic nylons for functional prototypes, and elastomers like TPU for flexible parts.
Technology (Fused Deposition Modeling, Stereolithography, Selective Laser Sintering, Direct Metal Laser Sintering, Electron Beam Melting)
Electron beam melting segment in the manufacturing 3d printer market is expected to reach USD 1 Billion by the end of 2036. The major factor for the expansion of the segment is the rising aerospace and defense industry. The size of the worldwide aerospace and defense market was estimated at around USD 324 billion in 2020.
As a result, the dependence on electron beam melting technology is likely to increase since the aerospace industry benefits from rapid prototyping.
The first industries to support 3D metal printing were those in the aerospace sector where electron beam melting or EBM is a 3D printing procedure in which a high-energy electron beam melts powdered metal that provides benefits for heat stress and productivity, which is utilized to print parts for the military, and aerospace.
Our in-depth analysis of the market includes the following segments:
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Technology |
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Material |
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End-Use |
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North American Market Statistics
North America region in manufacturing 3d printer market is set to hold more than 35% revenue share by 2036. It is also predicted that the business will grow in the area owing to the strong demand for rapid prototyping owing to its benefits, improvements in technology, and the quicker uptake of manufacturing 3D printing services.
The United States' disposable personal income rose by around 0.1% in February 2024 compared to the same month the previous year. As a result, more individuals in the region are spending on customized goods from automotive to electronics, leading to a higher need for manufacturing 3D printers.
A significant investment in the country's future advanced manufacturing through the Global Innovation Cluster program was recently announced by Next Generation Manufacturing Canada (Ngen), which marks a turning point for Canada, particularly in the field of 3D printing.
European Market Analysis
The Europe region will also witness lucrative growth in the manufacturing 3D printer market in the coming years led by the increasing focus on sustainability.
The European Union has pledged to pursue long-term, ambitious environmental and climate goals by launching initiatives such as the EU Green Deal that seeks to transition to a clean, circular economy to increase resource efficiency.
This may drive the need for manufacturing 3D printers in the region as it generates less waste and supports sustainable manufacturing practices.
Europe's leading market for 3D printing is Germany with more than 35 manufacturers providing professional 3D printers, materials, and software from a single source.
Italy is home to several manufacturers of 3D printers, including Prima Additive, Robot Factory, and Roboze, that offer superior, cost-effective custom prototypes and production components.
The manufacturing 3D printer market consists of many key players who are launching various strategic initiatives to expand their market position in the industry.
Author Credits: Abhishek Verma
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