The latest study collated and published by Nova one advisor analyzes the historical and present-day scenario of the global 3D Printing industry to accurately gauge its growth potential. The study presents detailed information about important growth factors, restraints, future scopes, cost analysis and key trends during the forecast timeframe 2022 to 2030.

According to Nova one advisor, the global 3D Printing industry was valued at USD 13.90 billion in 2021 and it is expected to hit around USD 76.30 billion by 2030 with a CAGR of 20.11% during the forecast period 2022 to 2030.

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Key Takeaways:

• By Technology, the North America 3D Printing market was valued at USD 3.7 Billion in 2021 and expected to witness growth at a CAGR of 19.8% from 2022 to 2030.


• 3D printing technology is gaining traction owing to the ability of the technology to offer accurate and rapid prototyping and optimize the time to market. Increasing adoption of 3D printers in the healthcare, automotive, and consumer electronics verticals is likely to drive the market significantly


• The prototyping application segment dominated the market in 2021 and is expected to maintain its lead over the forecast period


• The metal material segment led the market in 2021 and is expected to maintain its lead over the forecast period. This is attributed to the increasing demand for metal 3D printing from industrial verticals such as automotive and aerospace and defense


• The desktop 3D printer type segment, which has been segmented further into educational purpose, fashion and jewelry, objects, dental, food, and others, is expected to adopt the 3D printing technique aggressively over the forecast period


• Demand for desktop 3D printers is expected to increase over the forecast period as 3D printing is gaining popularity among hobbyists for domestic, household, and personal usage, as well as in the education sector for training purposes


• The Asia Pacific market, which is emerging as a manufacturing hub for several industry verticals, is expected to grow significantly as the continued urbanization triggers the need for infrastructure and prompts the automotive, consumer electronics, aerospace and defense, and healthcare verticals to adopt 3D printing, particularly in countries including China, Japan, and South Korea

3D Printing (3DP) is also referred to as Additive Manufacturing (AM) as it involves successive addition of layers of materials in various 2D shapes using an additive process. These layered 2D shapes build upon one another to form a three-dimensional object. The process is different from the subtractive method of production, which begins with a block of material and the unnecessary material is ground out to obtain the desired object.

3D printing is widely adopted in the industrial sector owing to the growing need for enhanced product manufacturing and a shorter time to market. The industrial vertical happens to be the most significant adopter of the 3D printing technology, eventually leading to the largest market share of 3D printers for industrial applications over the forecast period. Additive manufacturing is anticipated to evolve over the forecast period.

3D printing continues to gain popularity among hobbyists and innovators. While individuals are using 3D printing for domestic and personal purposes, universities and educational institutes are using 3D printing for conducting technical training. The market is subject to witness a considerable economical appearance rather than being just a labor-intensive industrial manufacturing technique. Particularly in developing economies, such as Brazil, South Africa, and India, machining shops have managed to adopt alternative business models by installing 3D printers and offering related services, such as 3D printing materials, filaments, 3D modeling, and 3D printer software.

Apart from the industrial vertical, the automotive, healthcare, and aerospace & defense verticals are among the leading adopters of 3D printing technology. Incumbents of these verticals have an emphasis on accuracy, enhanced product designing, reliability, shorter time to market, and economical production processes. Given that additive manufacturing can offer all these benefits, the adoption of three-dimensional printers by the automotive, healthcare, and aerospace & defense verticals is expected to gain traction over the forecast period.

3D printing and related technologies are evolving continuously in line with the intensive R&D activities being undertaken, and the aggressive investments being made by the private and the public sectors. Government funding and encouraging initiatives being undertaken in developed economies are prompting manufacturers to pursue improvements in technology and the adoption of new technologies.

North America accounted for the largest revenue share of more than 30.0% in 2021, as a result of the extensive adoption of 3D printers for 3D designing, 3D modeling, and 3D manufacturing in several industries. The Asia Pacific region has emerged as a manufacturing hub owing to an expanding consumer base as well as the continued foreign investments happening in the region. The Asia Pacific market is expected to witness remarkable growth over the forecast period.

3D printing technology happens to be a capital-intensive technology. At the same time, manufacturers are holding on to their misconception about prototyping, rather than realizing the advantages associated with 3D printing. Moreover, the market lacks the standard process controls and a skilled workforce required for 3D printing. These are some of the factors that are expected to restrain the market growth. However, government initiatives aimed at increasing awareness and promoting the benefits of adopting 3D printers are expected to help in countering the market restraints.

Printer Type Insights

The industrial printer segment led the market and accounted for more than 70.8% share of the global revenue in 2021. Based on the printer type, the industry has been further segmented into industrial and desktop 3D printers. The large share of the industrial 3D printers can be attributed to the extensive adoption of industrial printers in heavy industries, such as automotive, electronics, aerospace and defense, and healthcare. Prototyping, designing, and tooling are some of the most common industrial applications across these industry verticals.

Extensive adoption of 3D printing for prototyping, designing, and tooling is contributing to the growing demand from the industrial sector. Hence, the industrial printers segment is expected to continue dominating during the forecast period. The adoption of desktop 3-dimensional printers was initially limited to hobbyists and small enterprises. However, they are being increasingly used for household and domestic purposes nowadays. The education sector, which comprises schools, educational institutes, and universities, is also deploying desktop printers for technical training and research purposes.

Small businesses are particularly adopting desktop printers and diversifying their business operations to offer 3D printing and other related services. For instance, the concept of ‘fabshops' is gaining popularity in the U.S. These fabshops offer on-demand 3D printing of parts and components as per the designs and requirements provided by the customers. Hence, the demand for desktop printers is expected to rise significantly during the forecast period.

Technology Insights

The stereolithography segment led the market and accounted for more than an 8.9% share of the global revenue in 2021. Based on technology, the segmentation has been done into stereolithography, fuse deposition modeling (FDM), direct metal laser sintering (DMLS), selective laser sintering (SLS), inkjet, polyjet, laser metal deposition, electron beam melting (EBM), digital light processing, laminated object manufacturing, and others.

Stereolithography technology is one of the oldest and most conventional printing technologies. Although the advantages and ease of operations associated with the stereolithography technology are encouraging the adoption of this technology, advances in technology and aggressive research and development activities undertaken by the industry experts and researchers are opening opportunities for several other efficient and reliable technologies.

Fused Deposition Modeling (FDM) accounted for a considerable revenue share in 2021 owing to the extensive adoption of the technology across various 3DP processes. The DLP, EBM, inkjet printing and DMLS segments are expected to witness a growing adoption during the forecast period as these technologies are applicable in specialized additive manufacturing processes. The growing demand from aerospace and defense, healthcare, and automotive verticals would open opportunities for the adoption of these technologies.

Software Insights

The design software segment led the market and accounted for more than 30.0% share of the global revenue in 2021. It is expected to continue dominating the market during the forecast period. Based on software, the 3DP industry has been segmented into design software, inspection software, printer software, and scanning software. Design software is used for constructing the designs of the object to be printed, particularly in automotive, aerospace and defense, and construction and engineering verticals. Design software acts as a bridge between the objects to be printed and the printer's hardware.

The demand for scanning software is estimated to grow on account of the growing trend of scanning objects and storing scanned documents. This ability to store the scanned images of the objects irrespective of their size or dimensions for 3-dimensional printing of these objects whenever necessary is expected to drive the scanning software segment during the forecast period. The scanning software segment is expected to register the highest CAGR of 21.7% from 2022 to 2030 and generate considerable revenues during the forecast period in line with the growing adoption of scanners.

Application Insights

The prototyping segment led the market and accounted for more than 55.0% share of the global revenue in 2021. Based on application, the industry has been segmented further into prototyping, tooling, and functional parts. This is attributed to the extensive adoption of the prototyping process across several industry verticals. The automotive and aerospace and defense verticals particularly use prototyping to design and develop parts, components, and complex systems precisely.

Prototyping allows manufacturers to achieve higher accuracy and develop reliable end products. Hence, the prototyping segment is expected to continue dominating the market during the forecast period. Functional parts include smaller joints and other metallic hardware connecting components. The accuracy and precise sizing of these functional parts are of paramount importance while developing machinery and systems. The functional parts segment is expected to expand at a significant CAGR of 21.4% from 2022 to 2030 in line with the increasing demand for designing and building functional parts.

Vertical Insights

The automotive segment led the market and accounted for more than 20.0% share of the global revenue in 2021. Based on vertical, the industry has been segmented into separate verticals for desktop and industrial 3D printing. The verticals considered for desktop 3DP comprise educational purposes, fashion and jewelry, objects, dental, food, and others. The verticals considered for industrial 3DP comprise automotive, aerospace and defense, healthcare, consumer electronics, industrial, power and energy, and others.

The aerospace and defense, healthcare, and automotive verticals are anticipated to contribute significantly to the growth of industrial additive manufacturing during the forecast period owing to the active adoption of technology in various production processes associated with these verticals. In the healthcare sector, AM helps in the development of artificial tissues and muscles, which replicate the natural human tissues and can be used in replacement surgeries. These capabilities are expected to help in driving the adoption of 3DP across the healthcare vertical and contribute significantly to the growth of the industrial segment.

The dental, fashion and jewelry, and food verticals are anticipated to contribute significantly to the growth of the desktop 3DP segment during the forecast period. The dental vertical dominated the market in 2021 and it is expected to continue dominating the market during the forecast period. The adoption of 3D printing in manufacturing imitation jewelry, miniatures, art and craft, and clothing and apparel is also gaining traction.

Material Insights

The metal segment led the market for 3D printing and accounted for more than 50.9% share of the global revenue in 2021. Moreover, the metal segment is anticipated to maintain its lead during the forecast period and is expected to expand at the highest CAGR during the forecast period. Based on material, the industry has been segmented further into polymer, metal, and ceramic.

The polymer segment accounted for the second-largest revenue share in 2021. The ceramic material segment is expected to witness considerable growth during the forecast period. Considering additive manufacturing using ceramic material is fairly new, the increasing R&D for 3DP technologies, such as FDM and inkjet printing, has led to the rising demand for ceramic AM.

Component Insights

The hardware segment led the market and accounted for more than 60.8% share of the global revenue in 2021. The hardware segment has benefitted significantly from the growing necessity of rapid prototyping and advanced manufacturing practices. The growth of the hardware segment is primarily attributed to various factors such as rapid industrialization, increasing penetration of consumer electronic products, developing civil infrastructure, rapid urbanization, and optimized labor costs.

Based on components, the industry has been segmented further into hardware, software, and services. The 3DP hardware component segment has been bifurcated by printer type, technology, applications, vertical, and material. The software segment is further categorized by printer type and software type. The services segment is segregated only by the printer type. The software component segment is expected to witness significant growth during the forecast period.

Regional Insights

North America led the market and accounted for more than 30.9% share of the global revenue in 2021. This can be attributed to the extensive adoption of additive manufacturing in the region. North American countries, such as the U.S. and Canada, have been among the prominent and early adopters of these technologies in various manufacturing processes. Europe happens to be the largest region in terms of its geographical footprint. It is home to several additive manufacturing industry players, which hold strong technical expertise in additive manufacturing processes. Hence, the European market emerged as the second-largest regional market in 2021.

The Asia Pacific region is projected to expand at the highest CAGR during the forecast period. This rapid adoption of AM in Asia Pacific can be attributed to the developments and upgrades across the manufacturing industry within the region. The Asia Pacific region is also emerging as a manufacturing hub for the automotive and healthcare industries. A stronghold on the production of consumer electronics, coupled with rapid urbanization, is also contributing to the rising demand for three-dimensional printing in the region.

Some of the prominent players in the 3D Printing market include:  Stratasys, Ltd.; Materialise; EnvisionTec, Inc.; 3D Systems, Inc.; GE Additive; Autodesk Inc.; Made In Space; Canon Inc.; Voxeljet AG

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