According to a new report, published by KBV research, The Global 3D Printing Market size is expected to reach $86.4 billion by 2030, rising at a market growth of 21.4% CAGR during the forecast period.
The Product segment would generate the maximum revenue in the Global 3D Printing Market By Component in 2022; thereby, achieving a market value of $54.9 billion by 2030. 3D printing products, including 3D printers and associated components, offer numerous benefits contributing to the technology's growing popularity and application in various industries. 3D printers are versatile tools that produce various objects, from prototypes and functional parts to intricate sculptures and custom jewelry.
The Fused Deposition Modeling segment would exhibit a CAGR of 21.2% during (2023 - 2030). Fused deposition modeling (FDM) is prized for its accessibility and affordability. It's widely used for rapid prototyping and low-volume production runs due to its cost-effectiveness and ease of use. FDM technology can employ a variety of thermoplastic materials, offering durability and versatility for functional parts in industries like aerospace, automotive, and consumer goods.
The Functional Parts segment is leading the Global 3D Printing Market By Application in 2022; thereby, achieving a market value of $20.3 billion by 2030. 3D printing is cost-effective for low-volume and small-batch production runs, allowing manufacturers to produce functional parts on demand without needing expensive molds or tooling. This is advantageous in industries where production volumes may vary, or customization is essential. The healthcare industry has a growing demand for 3D printed functional parts, including patient-specific implants, surgical guides, and medical devices. These parts enhance patient outcomes and reduce surgery times.
The Consumer Goods segment is showcasing a CAGR of 18.9 % during the forecast period. 3D printing revolutionizes the consumer goods industry by enabling customized and personalized products that cater to individual preferences. This technology empowers consumers to design and order bespoke items, from fashion accessories to home decor. Manufacturers benefit from reduced inventory costs, as they can switch to on-demand production.
The North America region dominated the Global 3D Printing Market By Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $30 billion by 2030. The Europe region is expected to witness a CAGR of 20.9% during (2023 - 2030). Additionally, The Asia Pacific region is expected to witness a CAGR of 22.2% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/3d-printing-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Hoganas AB, 3D Systems Corporation, Materialise NV, General Electric Company, Stratasys Ltd., Autodesk, Inc., The ExOne company (Desktop Metal, Inc.), Organovo Holdings, Inc., voxeljet AG and Canon, Inc.
By Component
By Technology
By Application
By Vertical
By Geography
Companies Profiled
Unique Offerings from KBV Research
Related Reports:
Unique Offerings 
