Year | Value |
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2023 | USD 13.08 Billion |
2032 | USD 35.4 Billion |
CAGR (2024-2032) | 11.7 % |
Note – Market size depicts the revenue generated over the financial year
The Automatic 3D Printing Market is expected to reach a market size of $ 13.08 billion by 2023, which is projected to reach $ 35.4 billion by 2032. This represents a CAGR of 11.7% between 2024 and 2032. The main reason for this growth is the increasing adoption of 3D printing in various industries, such as aerospace, automobiles, health, and consumer goods. In order to increase the efficiency of the production, reduce the cost and improve the product design, the demand for automatic 3D printing is expected to increase. The introduction of 3D printing technology, such as the use of artificial intelligence and machine learning, is expected to further promote market growth. These innovations lead to greater precision, speed, and customization in manufacturing, making 3D printing an attractive option for companies. The main market players, such as Stratasys, 3D System and HP, are launching new products, strengthening their strategic alliances, and investing in research and development, in order to take advantage of these trends. Recent collaborations between material suppliers and 3D printing companies to develop advanced materials that can improve the capabilities of the printing system are expected to further accelerate market growth.
Regional Market Size
The global market for the automatic 3D printing is growing at a steady pace, mainly due to technological advancements, growing adoption in the manufacturing sector and the growing emphasis on sustainable practices. Each region has its own characteristics, influenced by the local economic situation, legal framework and cultural attitudes to innovation. However, the overall trend is for a steady growth of the market. As industries continue to seek ways to improve efficiency and reduce waste, the demand for automatic 3D printing is likely to increase, thus increasing the competition in the market and promoting innovation and collaboration among the key players.
“Did you know that automated 3D printing can reduce production time by up to 90% compared to traditional manufacturing methods, making it a game-changer for industries looking to streamline their operations?” — 3D Printing Industry Report 2023
The Automatic 3D Printing Market is booming, driven by technological advancements and the rising demand for customized manufacturing solutions. The need for rapid prototyping in industries such as the aerospace and the automobile is driving the demand for this market. In addition, regulatory policies that promote sustainable manufacturing practices are expected to further drive the demand for 3D printing solutions. In the current scenario, the market is in the nascent stage of commercialization, with companies such as Stratasys and 3D Systems leading the way in various applications. North America and Europe are the leading markets for 3D printing, with industries adopting 3D printing for applications such as medical implant components and complex aerostructures. The trends of on-demand production and the drive towards sustainable manufacturing are expected to drive the market. The emergence of new materials and the evolution of the 3D printing technology are expected to make the 3D printing process more efficient and versatile.
The market for 3D printing is expected to reach a staggering $13.1 billion in 2023 and $35.4 billion by 2032, growing at a CAGR of 11.7 per cent. The rapid growth is a result of the integration of 3D printing with artificial intelligence and machine learning, which will make it easier to automate and improve the efficiency of the process. This will be the case as the manufacturing industry adopts 3D printing for rapid prototyping and mass customisation. By 2032, the number of companies using 3D printing is expected to rise to more than 30 per cent, up from around 10 per cent in 2023. Meanwhile, the development of new materials, faster printing speeds and improved precision are expected to boost the market further. The report also points to government support for additive manufacturing and the environment, which will encourage investment in automation. On-demand manufacturing and decentralised manufacturing will reshape the supply chain and create new opportunities for market players. The market is evolving, and companies must stay agile to capitalise on these trends and meet the growing demand for innovative and efficient manufacturing solutions.
Covered Aspects:Report Attribute/Metric | Details |
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Growth Rate | 51.66% (2020-2027) |
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