The global 3D
printing market was worth USD 2,200 million in 2012 and is expected
to reach USD 7,240 million in 2019, growing at a CAGR of 16.8% from
2013 to 2019. North America was the largest market for 3D printing in
2012 owing to high adoption of this technology across different
applications sectors including consumer products and electronics and
automotives among others.
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The market is
primarily driven by increasing applications of 3D printing and
decreasing cost of 3D printers for personal use. Also the technology
in emerging regions such as Asia Pacific and Rest of the World (RoW)
holds huge growth potential in the coming years. However, inability
to print large objects in quick time and introduction of new laws and
regulations to protect infringement of rights are some factors
restraining the growth of this technology.
Among different
applications, consumer products and electronics; and automotives
represent two major segments. 3D printing is used in many consumer
applications such as home décor, manufacturing toys and jewelry
among others. Multiple applications of 3D printers in commercial and
personal sectors have supported market growth. In automotive segment,
3D printing is used to print parts of an automobile.
Geographically,
North America dominated the 3D printing market in 2012 followed by
Europe. This is due to high adoption of this technology for both
commercial and personal use. The market is expected to grow further,
with increasing awareness among consumers regarding the benefits of
using 3D printing in commercial and household applications. The
demand for 3D printing in Europe has increased in the recent years
mainly owing to the presence of emerging players in countries such as
Germany, Italy, France and Sweden.
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Stratasys, Ltd., 3D
Systems, Inc., Solidscape, Inc., EOS GmbH, ExOne GmbH, Optomec,
Voxeljet Technology GmbH, Concept Laser GmbH, Arcam AB and SLM
Solutions GmbH among others are the key players in the market.
Stratasys, Ltd. held the maximum revenue share in 2012.
The 3D printing
market has been segmented as follows
3D printing
Market by Use
Commercial
Personal
3D printing
Market by Technology
Polyjet
FDM
SLS
SLA
Others
3D printing
Market by Application
Consumer
products and electronics
Automotive
Medical
Industrial or
business machines
Aerospace
Military and
defense
Architecture
Education
Others
3D printing
Market by Geography
North America
Europe
Asia-Pacific
Rest of the
World
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