#3d printing market

[mohankunmars]

3D Printing Market - Forecast(2024 - 2030)

3D printing market is estimated to surpass $118.0 billion by 2030 growing at an estimated CAGR of more than 20.5% from 2024 to 2030. The market is majorly driven by important characteristics i.e. increasing number of government investments in 3D printing projects, ease in production, customizable products and reduction in manufacturing cost. 

[tejaglobal]

Revolutionizing Tomorrow: Unveiling Trends and Growth in the Dynamic 3D Printing Market

Explore the limitless possibilities of the 3D Printing Market with our in-depth analysis of trends, innovations, and market dynamics. From groundbreaking applications to industry disruptions, stay ahead of the curve in the ever-evolving world of 3D printing. Witness the transformative power of additive manufacturing shaping the future of production and design.

Fetch Sample PDF for 3D Printing Segment-Specific Revenues and Shares, Download a Free Report Sample

Welcome to the forefront of innovation, where layers of possibility converge in the 3D Printing Market. This comprehensive guide unfolds the intricate layers of additive manufacturing, delving into the latest trends, transformative applications, and the dynamic landscape defining the future of production and design.

[chandupalle]

The global 3D printing market size in terms of revenue was estimated to be worth USD 15.0 billion in 2023 and is poised to reach USD 34.5 billion by 2028, growing at a CAGR of 18.1% from 2023 to 2028.

[anna743453]

Nanomaterials: Revolutionizing 3D Printing

The global 3D printing materials market size attained a value of approximately USD 2.31 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 26.9%, reaching a value of around USD 19.62 billion by 2032. 🚀

Nanomaterials in 3D Printing: A Miniature Revolution When it comes to 3D printing, we often think about the printers themselves and the objects they create. But what about the materials that make it all possible? Nanomaterials, as tiny as they sound, are playing a monumental role in the 3D printing industry, and in this post, we're diving deep into their world.

Advancements in Nanomaterials Nanomaterials are making waves with their remarkable properties. From enhanced mechanical strength to improved thermal and electrical conductivity, these materials are pushing the boundaries of what's possible in 3D printing. We'll explore some of the latest advancements and how they're changing industries.

Applications Beyond Imagination But what are these nanomaterials being used for? The answer might surprise you. Aerospace, automotive, healthcare, and even environmental initiatives are benefiting from the incredible versatility of nanomaterial-infused 3D prints. We'll uncover some jaw-dropping applications that are already changing the game.

Challenges and the Road Ahead Of course, it's not all smooth sailing. Working with nanomaterials presents its own set of challenges, from safety concerns to regulatory hurdles. We'll discuss these challenges and also peer into the crystal ball to see what the future holds for this groundbreaking technology.

Conclusion The 3D printing materials market is undergoing a revolution, thanks to the tiny but mighty nanomaterials. With their impressive properties and a wide range of applications, they're reshaping industries and sparking innovation. As the market continues to grow at an astonishing rate, we'll be here to keep you updated on the latest developments.

Stay tuned for more insights into the fascinating world of nanomaterials and 3D printing! 🌟

[research-reports-blogs]

The global 3D printing market is projected to achieve a market worth of approximately US$ 27.7 billion by 2023. This growth is anticipated to continue at a remarkable CAGR of 21% from 2023 to 2033. Consequently, the 3D printing sector is forecasted to be valued at around US$ 186.4 billion by the end of 2033.

According to FMI reports, the market is estimated to accelerate at a robust pace as a result of the active three-dimensional printing R&D along with that the rising preference for prototype applications from different industrial verticals is bound to accelerate growth in the market.

[aviationanddefence]

Global defense 3D printing market report

It makes sense that the largest armies in the world have spent hundreds of millions on research and development related to 3D printing. Control over the supply chain is more important in the military business than in any other. It is strategically crucial to shift manufacturing closer to the action since it is costly and time-consuming to ship replacement parts from machine tooling hubs abroad. Because the armed services have long recognised the promise of additive manufacturing, they have utilized 3D printers in the field from the US to Australia.

Presently, soldiers, tanks, submarines, and essential aircraft engines all have 3D printed parts. Since there aren't enough specialized The design process is accelerated by additive manufacturing since less specialized tools are required. In traditional manufacturing, the process of creating the equipment required to produce prototypes and final items might take many months. The defense sector can thus employ the technology to reduce the time required for product development. In traditional manufacturing, the process of creating the equipment required to produce prototypes and final items might take many months. Consequently, the defense industry can use this technology to reduce the time required for product development.

Principal elements influencing defense Growth of the 3D Printing Market:

Defense personnel may now create customized equipment parts and spares on the job site, whenever they need them, thanks to 3D printing technology. This accelerates the market's growth for the Global defense 3D printing market report. They are no longer waiting for last-minute reinforcements on the front lines. The right part can be delivered at the right time thanks to military 3D printing. which opens the door for the defense 3D printing sector to expand. This will boost the growth of the defense 3D printing industry by helping with the manufacturing of specialized components and spare parts, on-site production, on-demand production on the battlefield, and emergency circumstances in challenging terrain.

Factors affecting the size of the defense 3D printing market:

Combat vehicles with monolithic hulls are not new, and research has shown that they can continue to be more durable despite being lighter. These trends relate to the defense 3D printing sector. But standard machine tooling processes are neither economical nor appropriate for producing such large, intricate models in large quantities. However, with the advent of additive manufacturing and the Jointless Hull Programme, defense 3D printing market trends may soon become standard for US combat vehicles. With this level of additive printing technology, it is possible to build combat and support vehicles in three dimensions, increase their impact resistance, and make them lighter and more reasonably priced.

Market Analysis and Forecast for Defence 3D Printing:

projection for the defense 3D printing market New procurement operations will be driven by rising defense spending. Analysis of the defense 3D printing market and procurement will be influenced by the geopolitical landscape that currently exists in Asia Pacific and Europe. Cross-border aggression will lead to increasing procurement of a wide range of platforms, requiring regular replacement of spare parts, according to a defense 3D printing industry analysis.

Analysis of the Defence 3D Printing Market for Recent Advancements:

According to defense 3D printing industry reports, one of the largest battleships in the U.S. Navy now has a 3D printer installed, allowing the crew to quickly make drone replacement parts. The company expects to use additive manufacturing technology to reduce the need to stock replacement components, especially when a ship is at sea, and save time and money. It believes that in the future, 3D printers might be fitted as standard equipment on every battleship. The amphibious assault ship USS Essex is one of the biggest vessels in the navy. The ship was designed to carry Marines into combat. It is 831 feet long and weighs an incredible 40,000 tonnes when fully loaded.

[root-analysis]

Dental 3d Printing Market Report | Analysis and Forecast(2035)

The 3d printed dental implants market size is estimated to be USD 2.9 billion in 2023 and is estimated to grow at a CAGR of 15.1% by 2023-2035. The roots analysis report features an extensive study of the current market landscape and market size involved in the dental 3d printing market report. Get a detailed insights report now!

[esglatestmarketnews]

Sustainable Materials and 3D Printing Industry: A Look at ESG Innovation

Sustainability priorities of environmental stewardship, workers’ safety, human rights and sound governance have become pronounced in the 3D printing industry. Additive manufacturing (AM) technology and solutions are well-placed to influence global issues and foster improvements through innovations, training, education and carbon footprint reduction. 3D printing, post-COVID-19, has become a game-changer as companies seek to assess the untapped potential of additive manufacturing. Prominently, 3D printing has amassed huge popularity among manufacturers, engineers and designers to keep up with the need for responsible energy consumption. Moreover, recycling, reducing, repurposing, reusing and repairing have ushered innovation in the global landscape. Companies are expected to exhibit product improvements and complement transparency, fairness, regulated, ethical and compliant operations.

3D printed parts and products have become palpable in end-products, including athletic shoes and printed cars. Stakeholders are exhibiting traction for additive manufacturing programs and embracing the responsibility to enhance lives and protect the environment. Exponential growth in digitization and a paradigm shift witnessed in the energy transition towards renewables have redefined the 3D printing landscape. Additive manufacturing could be instrumental in aerospace, manufacturing, automotive and healthcare sectors to reduce lead time, and material cost, leverage on-site production and underpin growth with sustainability targets. Amidst surging pressure to address supply chain issues and keep up with energy efficiency needs, industry players could explore opportunities in 3D printing. 

Key Companies in this theme

    • Stratasys, Ltd

    • Materialise

    • EnvisionTec Inc

    • 3D Systems Inc

    • GE Additive

    • Autodesk Inc

    • Canon Inc.

Discover more regarding the practices and strategies being implemented by industry participants from the 3D Printing Industry ESG Thematic Report, 2023, published by Astra ESG Solutions

Environmental Perspective 

A notable shift towards AM technologies could lead to less energy consumption, reduced waste, optimized and enhanced supply chains and more recycling. In July 2021, eight companies joined the bandwagon to be part of the Additive Manufacturer Green Trade Association (AMGTA) to educate and promote the green upsides of 3D printing. Similarly, in May 2022, the global trade organization announced that 20 member companies received the 2022 Sustainability Awards. AM technologies are expected to boost environmentally friendly methods of manufacturing, mainly attributed to the innate ability to manufacture closer to the point of need, minimize material consumption and redesign parts to reduce energy consumption and weight. 

Pioneering products, services and state-of-the-art technologies are unlocking opportunities and measuring sustainability metrics in line with ESG goals. The trend has become prevalent and prompted stakeholders to inject funds into sustainability portfolios. In December 2020, 3D Systems announced the rollout of its ESG initiative, bolstering its commitment to leveraging AM solutions for a host of applications. Companies are poised to advocate for sustainable technologies that will help minimize carbon emissions and eradicate waste. Notably, AM uses merely the material required to produce the final part, thereby playing an invaluable role in bolstering sustainability. 

Social Perspective

3D printing has come on the horizon as a vital cog in fostering employees’ health and safety and social programs, including entrepreneurship and STEAM education. In April 2022, it was reported that Stratasys offered access to dozens of 3D printers and funded the FIRST Robotics Competition for high school students. The company also introduced the “learning by making” program with Jerusalem Municipality, spanning across state-religious, independent-religious, state-secular and Arab schools. Additionally, the company was reported to be resilient amidst havoc wracked by the COVID-19 pandemic. Stratasys inferred in its 2020-2021 ESG and Sustainability Report that it reduced the work to 80% capacity till the end of 2020. It helped them do away with the pandemic-induced layoffs. The company offered mental health seminars on depression, social connections and loneliness. Besides, it organized an in-person summer camp in 2021 to provide fun and relief to the teams and their families.

Stakeholders have furthered their focus on diversity to add value for shareholders, employees and customers. In doing so, embracing diverse teams could propel an inclusive culture and complement employees’ unique identities, experiences and backgrounds. For instance, in 2021, GE updated a few voluntary self-identification categories and selections pertaining to sexual orientation and gender identity (based on employee feedback). The company asserted in its 2021 Diversity Annual Report that around 3.7% of its U.S. employees identified themselves as having a disability, while over 10% of the U.S. employees are military veterans. Amidst call for equal pay for all, GE is gearing to attain 100% pay equity in each of its businesses.

Is your business one of participants of the Global 3D Printing Industry? Contact us for focused consultation around ESG Investing, and help you build sustainable business practices.

Governance Perspective

Stakeholders demand greater traceability and transparency as companies seek to build trust with customers, communities, investors and other parties. Corporate governance has come to the fore as an invaluable pillar to running a business sustainably. Additive manufacturing companies are expected to devote attention to corporate governance policies, and guidelines and invest in data-driven products and solutions. Leading players are emphasizing independent leadership for a robust compliance and internal controls with applicable laws, policies and regulations. Notably, Autodesk infers in its 2022 Impact Report that 90% of its Board of Directors are independent, while 50% are women. 

Stakeholders are counting on AI and ML to streamline the business. Forward-looking companies anticipate additive manufacturing to foster logistics systems and bolster resilience through the incorporation of environmental and social aspects. Leading players are likely to prioritize sustainability reporting frameworks to further organizations’ governance disclosure. In essence, GE offers disclosure as per SASB standards and provides climate-related disclosures in line with the TCFD framework. For instance, the organization has been disclosing how it assesses, identifies and manages climate-related risks. Meanwhile, Eaton has set an audacious target (2030 Sustainability Target) of over 50% enhancements in safety metrics, disclose U.S. minority and global gender pay equity assurance results, and ensure no human rights violation from major suppliers. It has also set report priority issues in line with TCFD and SASB requirements. The company asserted that around 65% of its net sales stemmed from sustainable solutions in 2021. 

As 3D printing brings a seismic shift in the global landscape, stakeholders are gearing to augment their leadership position in ESG. In doing so, prominent manufacturers and suppliers are poised to inject funds into organic and inorganic growth strategies. To illustrate, in November 2022, Stratasys announced the pouring of USD 10 million in Axial3D, wherein both companies will render a joint offering to provide the accessibility of patient-specific 3D printing solutions for medical device manufacturers and hospitals. Prevailing trends indicate the global 3D printing market size could register an impressive CAGR of 20.8% from 2022 through 2030. Industry dynamics suggest sustainability priorities will witness an upward growth trajectory with a focus on, including but not limited to, people-first strategies, innovation, climate actions and transparency. 

About Astra – ESG Solutions By Grand View Research

Astra is the Environmental, Social, and Governance (ESG) arm of Grand View Research Inc. – a global market research publishing & management consulting firm.

Astra offers comprehensive ESG thematic assessment & scores across diverse impact & socially responsible investment topics, including both public and private companies along with intuitive dashboards. Our ESG solutions are powered by robust fundamental & alternative information. Astra specializes in consulting services that equip corporates and the investment community with the in-depth ESG research and actionable insight they need to support their bottom lines and their values. We have supported our clients across diverse ESG consulting projects & advisory services, including climate strategies & assessment, ESG benchmarking, stakeholder engagement programs, active ownership, developing ESG investment strategies, ESG data services, build corporate sustainability reports. Astra team includes a pool of industry experts and ESG enthusiasts who possess extensive end-end ESG research and consulting experience at a global level.

For more ESG Thematic reports, please visit Astra ESG Solutions, powered by Grand View Research