Major participants in the industrial 3D printing market include Protolabs, Nano Dimension, 3D Systems, ExOne, CleenGreen3D, Metal-Carbon, Markforged, GE Additive, Voxeljet, SLM Solutions, Optomec, Covestro, TRUMPF, EOS, Renishaw, and Ultimaker.
Selbyville, Delaware,, Sept. 03, 2024 (GLOBE NEWSWIRE) —
The industrial 3D printing market is projected to reach USD 88 Billion by the year 2032, according to a research study by Global Market Insights Inc. Key factors such as sustainability and material efficiency are driving growth in this sector. The shift towards environmental responsibility in manufacturing, highlighted by 3D printing’s ability to minimize waste and reduce carbon footprints, aligns with increased consumer and regulatory demands for sustainable practices. This method’s precision in building objects layer by layer from digital models ensures lower material waste than traditional manufacturing approaches, promoting environmentally friendly manufacturing solutions. Additionally, on-demand production capabilities diminish the need for extensive inventories and reduce transportation, aiding in environmental conservation efforts.
Rapid growth is expected in the industrial 3D printing market’s services segment through 2032. This growth is fueled by industries adopting additive manufacturing for services such as custom part fabrication, on-demand production, and advanced prototyping. These services are particularly beneficial in sectors like aerospace, automotive, and healthcare, allowing for the production of high-quality, precise, and cost-effective components. Service providers use cutting-edge 3D printing technologies to streamline manufacturing processes and enhance product development, establishing 3D printing as a foundational element of modern industrial practices.
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The industrial 3d printing market from the prototyping segment will gain significant traction through 2032, as businesses across industries seek to expedite their product development cycles and bring forth innovations. Traditional prototyping methods often involve lengthy and costly processes, but 3D printing offers a more efficient alternative. By enabling rapid and cost-effective creation of prototypes, 3D printing is empowering companies to experiment with complex designs, optimize product features, and conduct thorough testing before committing to full-scale production. This agility in the prototyping phase is proving essential for maintaining a competitive edge, with speed and innovation as critical aspects.
Europe Industrial 3D Printing market will expand at a fast pace through 2032, driven by advanced manufacturing capabilities, coupled with a strong emphasis on technological innovation. European countries are investing heavily in R&D to enhance 3D printing technologies and expand their applications. The automotive, aerospace, and healthcare industries, in particular, are leveraging 3D printing to improve product design, streamline manufacturing processes, and create customized solutions. Additionally, the supportive regulatory environment and favorable government policies in Europe are fostering the growth of the market.
Major companies in the industrial 3d printing market include Stratasys Ltd., 3D Systems Corporation, EOS GmbH, HP Inc., Materialise NV, GE Additive, SLM Solutions Group AG, Renishaw plc, Desktop Metal, Inc., Formlabs, Inc. Their growth strategies include expanding the product portfolios with advanced 3D printing technologies and materials to meet the evolving needs of various industries. Companies are investing significantly in R&D to pioneer new applications and improve printing capabilities. Strategic partnerships and collaborations with other technology firms and research institutions are being pursued to leverage complementary expertise and accelerate technological advancements. Additionally, these firms are focusing on geographic expansion to tap into new growth opportunities.
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Partial chapters of report table of contents (TOC):
Chapter 2: Executive Summary
2.1 Industrial 3D printing industry 360° synopsis, 2018 – 2032
Chapter 3 Market Insights
3.1 Industry ecosystem analysis
3.2 Raw material analysis
3.3 Key news and initiatives
Partnership/Collaboration
Merger/Acquisition
Investment
Product launch & innovation
3.4 Regulatory landscape
3.5 Impact forces
3.6 Consumer buying behavior analysis
3.7 Growth potential analysis
3.8 Porter’s analysis
3.9 PESTEL analysis
3.10 Trade analysis
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About Global Market Insights Inc.
Global Market Insights Inc., located in Delaware, U.S., serves as a worldwide provider of market research and consulting services, specializing in syndicated and custom research reports as well as growth consulting services. The company’s business intelligence and industry research reports deliver deep insights and actionable data, crafted to support strategic decision making. Using a proprietary research methodology, these comprehensive reports are produced for major sectors such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
