3D Printing Market to Grow to $47.5 Billion by 2028

The 3D printing market is anticipated to grow at a steady growth rate over the forecast period, owing to the ongoing research and development (R&D) in three-dimensional printing coupled with the rise in demand for prototyping applications, according to research from GreyViews.

Key Insights & Findings

The printers segment led the 3D printing market, valued at USD$4.97 Billion in 2020. Growth of this segment is mainly driven by increasing installation of printers in industries, such as aerospace, construction, automotive and healthcare.

The stereolithography segment accounted for the largest market share and valued at USD$1.41 Billion in 2020. 

The VAT photopolymerization segment accounted for significant market share and valued at USD$2.56 Billion in 2020. Growth of this segment is mainly driven by a growing push towards creating new high speed, layer-free 3D printing using photopolymerization.

The prototyping segment accounted for the largest market share and valued at USD$6.50 Billion in 2020. Huge growth in demand for the prototyping process in several industry verticals primarily drives growth of this segment.

The automotive segment accounted for the largest market share and valued at USD$2.79 Billion in 2020. Increasing demand for 3D printing in automotive sector to quickly fabricate a prototype of a physical part or assembly primarily drives growth of the automotive segment.

The regions analyzed for the market include North America, Europe, South America, Asia Pacific and Middle East and Africa. The North America region emerged as the largest market for the 3D printing market and valued at USD$4.24 Billion in 2020. The North America holds potential for 3D printing production and demand. The Asia-Pacific region is likely to register significant growth during the forecast period. This is mainly due to the ongoing development of manufacturing sector in the region. In addition, the region has become hub for healthcare and automotive industries. 

About the Report

This research report gives detailed data about the major factors influencing the growth of the 3D printing market at the national and local level forecast of the market size, in value, market share by region and segment; regional market positions; segment and country opportunities for growth; key company profiles, product portfolio and growth strategies. 

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Sources: Press materials received from the company and additional information gleaned from the company’s website.