3D printing is one of the latest technological breakthroughs and is touted by experts to bring about the dawn of the Third Industrial Revolution. It has myriad uses in a wide variety of industries, including consumer goods, automotive, healthcare, aerospace, jewelry, and architecture. Almost every industry requiring design precision can benefit from 3D printing, due to its capability of automation and customization. Its many advantages are expected to propel the global market to a total value of over US$20 billion by 2025.
Despite its recent proliferation, 3D printing began in the 1980s. The 2009 expiry of patents that had limited the technology to the upper echelons of technological progress allowed the production of generic 3D printers, bringing the technology to the masses as well as the lower rungs of the hierarchy of global technology giants.
Pricing Factors Restrict Growth, Present Innovation Opportunity in 3D Printing Market
In its short life in the public domain, so to speak, the primary constraint on the global 3D printing market has been the high costs of high-quality printers. This factor has replicated the effect of the earlier patents, limiting the usage of 3D printing among a slightly larger niche than before.
This presents an opportunity for innovation of low-cost 3D printers. Success in bringing about efficient utilization of raw materials and technological progression to allow the same will determine the future of the 3D printing market.
However, this hasn’t stopped the industrial sector from making use of 3D printing on a large scale and this expected to remain a major factor boosting demand from the global 3D printing market. Industries such as healthcare, jewelry, architecture, and automotive are expected to drive the 3D printing market.
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Dentistry Applications to Drive Global 3D Printing Market
Among the healthcare sector’s utilization of 3D printing, valued at US$141 million, dentistry is a leading end user of 3D printing. The need for easy production of orthopedic implants in cosmetic and dental reconstruction surgery means that 3D printing has a huge scope for growth in the healthcare sector.
The market is expected to generate demand worth US$868 million from the healthcare sector by 2025.
Other major industries using 3D printing are architecture, jewelry, and design arts, which are expected to show a collective CAGR of 20% from 2015 to 2025.
The automotive industry is also expected to be a major consumer of the 3D printing market, due to its usage in the manufacture of automotive components and other non-design innovations. A prominent example of the latter is German car giant BMW’s use of 3D printing to produce equipment that helps factory workers ease the load on their hands.
The virtually endless customizability of 3D printed products is hugely beneficial in the automotive and aerospace industries.
Key Players of the Global 3D Printing Market
The 3D printing market is dominated by manufacturers such as ZMorph, Wanhao, Solidscape, EFESTO, Arcam, ExOne, Realizer, Optomec, and Voxeljet.
Companies such as automotive giants BMW and Ford, aerospace giants Boeing and Lockheed Martin, and sportswear manufacturer Reebok are some of the most prominent companies making large-scale use of 3D printing.
Table of Contents
1. EXECUTIVE SUMMARY
1.1. Geographic breakdown
1.2. Market forecast
2.1. 3D Printing is...
2.2. Advantages of 3D printing: rapid prototyping
2.3. Advantages of 3D printing: price
2.4. Advantages of 3D printing: design freedom
2.5. Advantages of 3D printing: more...
2.6. A brief history of 3D printing
2.7. Emergence of consumer-level 3D printing
2.8. Value chains: vendor lock-in
2.9. Value chains: free market materials
2.10. Value chain determines material prices
2.11. Broad spectrum
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3. KEY DRIVERS AND RESTRAINTS
3.3. Printing processes and materials
3.4. Printing processes and material compatibility
3.5.1. Key players
3.5.2. Equipment costs
3.5.3. SWOT analysis
3.6. Blown powder
3.6.1. Key players
3.6.2. Equipment costs
3.6.3. SWOT analysis
3.7. Selective laser melting
3.7.1. Key players
3.7.2. SWOT analysis
3.8. Electron beam melting
3.8.1. Key players
3.8.2. SWOT analysis
3.9.1. Key players
3.9.2. SWOT analysis
3.10.1. Key players
3.10.2. SWOT analysis
3.11. Selective laser sintering
3.11.1. Key players
3.11.2. Equipment costs
3.11.3. SWOT analysis
3.12. Thermoplastic extrusion
3.12.1. Key players
3.12.2. Machine prices
3.12.3. Build volume
3.12.4. Build speed
3.12.5. SWOT analysis
3.13. Stereolithography (SLA) and Digital Light Processing (DLP)
3.13.1. Key players
3.13.2. SWOT analysis
3.14. Inkjetted photopolymers
3.14.1. Key players
3.14.2. SWOT analysis
3.15. Smooth curvature printing
3.15.1. Key players
3.15.2. SWOT analysis
3.16. Selective Deposition Lamination (SDL)
3.16.1. Key players
3.16.2. Equipment costs
3.16.3. SWOT analysis
3.17. Hybrid CNC
4. MARKET STRUCTURE
4.1. Main players
4.2. Market breakdown by technology
4.3. Market breakdown by industry
5. MARKET ANALYSIS
5.1. Machine prices by printing process
5.2. Build volumes by printing process
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