3D Printing Market, By Technology (Fused Deposition Modeling (FDM), Stereolithography (SLA), Selective Laser Sintering (SLS), Direct Metal Laser Sintering (DMLS), PolyJet, and Others (SLM, EBM, DLP, etc.)), By Application (Automotive, Aerospace and Defense, Healthcare, Consumer Goods, Industrial/Business Machines, and Others), By End User (Manufacturers, Service Bureaus, Designers and Engineers, Hobbyists and Consumers, and Others), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)

Published In : Aug 2024

Code : CMI3940

Pages :140

Formats :

Excel and PDF

Industry : Smart Technologies

Market Concentration and Competitive Landscape

3D Printing Market Concentration By players

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Reduction in 3D printing costs due to advancements in technology

Cost of 3D printing has been steadily declining over the years owing to ongoing technological advancements. Early 3D printing technologies involved complex and expensive machines along with proprietary materials at high prices which limited their adoption only to niche applications and prototyping. However, the scenario has changed rapidly in recent times with less expensive technologies becoming available and a commoditization of 3D printing materials.

On the hardware side, low-cost desktop 3D printers priced under US$1000 capable of producing functional parts have boosted the personal and educational markets. Continuous improvements in design and use of cheaper materials in printer manufacturing have brought the costs down significantly. Development of new additive manufacturing methods like binder jetting targeting industrial production have introduced high speed and large format 3D printers at economical rates.

Advancements in 3D printing materials have also played a huge role. Standardization of materials with consistent quality across suppliers have made 3D printing stock more commercially viable. Meanwhile, innovation in material extrusion technologies allow reuse of support materials multiple times, further slashing material wastage.

Opensource 3D printer designs and software like RepRap enabling self-manufacturing by hobbyists have empowered a booming desktop 3D printing ecosystem. Emergence of online 3D printing services have brought convenience of on-demand prototype and small batch production within economic reach of startups and SMBs. Growing popularity of 3D printed items from household products to fashion accessories corroborates how lowered costs have made additive manufacturing mainstream. Going forward, continued technological leaps aiming mass manufacturing is expected to progressively decrease the price barrier for industrial scale 3D printing.

Key Players Insights