3D Printing Market to Grow Exponentially Due to Growing Investments across Several Industries

The global 3D printing market size is estimated to display strong growth by reaching USD 105.99 billion by 2030. Fortune Business Insights™ in its report titled “3D Printing Market Size, Share & COVID-19 Impact Analysis, By Component (Hardware, Software, Services), By Technology (FDM, SLS, SLA, DMLS/SLM, Polyjet, Multi Jet Fusion, DLP, Binder Jetting, EBM, CLIP/CDLP, SDL, LOM), By Application (Prototyping, Production, Proof of Concept, Others), By End User (Automotive, Aerospace, and Defense, Healthcare, Architecture and Construction, Consumer Products, Education, Others), and Regional Forecast, 2023-2030” observes that the market size in 2022 stood at USD 18.33 billion and is expected to reach USD 22.40 billion by 2023 end. The market is expected to witness a strong CAGR of 24.9% during 2023-2030. The massive government funding along with the growing emergence to create new technologies for the industries is expected to boost the demand for the product.

APES Collaborated with Neotech for the Development and Manufacturing Capabilities of Additive Manufacturing

To expand 3D Printed electronics in North America, APES joined hands with Neotech AMT. The aim of this partnership is to enable both firms to share technologies and resources to improve the productivity of the business through the development and manufacturing capabilities of additive manufacturing.

Companies Focused on Developing Advanced Technologies to Improve Operation During COVID-19

Due to the emergence of the COVID-19 outbreak, halts on production activities across the globe and immediate supply chain disruption were forced to temporarily close their doors, which has slowed down the expansion of the global 3D printing market growth. In addition, it has forced several players to cut back on expenses during this period, which caused the demand for this market to stagnant. But due to technological development, end users are moving towards digitalization, which helps increase business prospects.

Rapidly Increasing Digitization To Boost the Product Demand

With an aim to create precision prototypes, 3D printing has shown immense traction for manufacturing various hardware parts. Some other factors that have bolstered the demand for the product are the increasing adoption of advanced technologies and rapidly increasing digitization such as robotics, machine learning, industry 4.0, and smart factories. Owing to higher accuracy, the technology will play a precious role in minimizing waste material, thereby boosting 3D printing in the healthcare market share.

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Key Players Invest In Developing Advanced Technology to Gain Traction

With the growing needs of industries, prominent players in the market are focusing on offering advanced and innovative solutions. HP, In., General Electric Company (GE Additive), and Autodesk Inc. are market players. Also, to grow across every industry application, the key players are keen on offering a vast range of 3-dimensional materials to set their benchmark in the marketplace.

Key Industry Development

• December 2022: A 3D printing provider, FITTLE teamed up with Formlabs with an aim to facilitate access to digital manufacturing tools with affordability. This collaboration brought Formlabs 3D printers even more accessible to users across North America.

List of Key Companies Profiled in the Market Report:

• 3D Systems Corporation (U.S.)


• The ExOne Company (Germany)


• voxeljet AG (Germany)


• Materialise NV (Belgium)


• Redwire Corporation (U.S.)


• Envisiontec, Inc. (Germany)


• Stratasys Ltd. (U.S.)


• HP, Inc. (U.S.)


• General Electric Company (GE Additive) (U.S.)


• Autodesk Inc. (U.S.)

Further Report Findings

• The market in North America stood at USD 6.83 billion in 2022 and captures the maximum part of the global 3D printing market share due to rising expenditure on advanced manufacturing technologies.

• Europe is also expected to have the highest CAGR due to the growing requirement for high-speed, reliable, and inexpensive prototypes for manufacturing purposes.

Table of Segmentation