Industrial 3D Printing Market: By Offering (Printer, Service, Software and Material), Technology (Stereolithography (SLA), Fused Deposition Modelling (FDM), Selective Laser Sintering (SLS) and Others), End User (Industrial, Automotive, Healthcare, Architecture & Construction, and Others), and Geography

Industrial 3D Printing Market was valued at USD 16.7 billion in 2022 and is poised to grow at a 12.3% CAGR from 2023 to 2029. Industrial 3D printing is a manufacturing method for the creation of a physical product from a computer-aided design (CAD) digital file. Thin layers of material are deposited incrementally until the object is complete. Various technologies such as stereolithography, fused deposition modeling, and others are used for 3D printing, mainly it is used in automotive, healthcare, and architecture for printing complex designing. Industrial 3D printing is complying with prototyping to high-functional parts design, this technology has unique capabilities of reaching high printing speed which drives the market since 3D printing is used for high production which eradicates the traditional tooling method and also cuts lead time for prototyping. An increase in technology leads to smart manufacturing concepts in a different industry, smart manufacturing covers 3D modeling and create a new revolution in the market, leading to creating various opportunity. The plastic filament used in 3D printing is inexpensive, but a by-product of 3D printing ends up in landfills which creates an adverse effect in the market and is a major challenge in the industrial 3D printing market. Geographically, North America held the major market share in 2022 and is expected to dominate the industrial 3D printing market in the forecasted years.

Industrial 3D Printing Market Key Developments:

• In December 2022, leading consumer brand LEGO announced its first stand-alone 3D printed element, LEGO says that, in the future, 3D printing will be used to make a greater variety of elements in smaller volumes.
• In October 2022, Nano3DPrint launched new” B3300 electronic 3D printer” Featuring a unique dual-material dispensing system, the nano3Dprint B3300 is capable of simultaneously printing multiple different conductive and functional inks