The 3D Printing market is projected to grow from USD 17.5 billion in 2024 and is projected to reach USD 37.4 billion by 2029; it is expected to grow at a CAGR of 16.4% from 2024 to 2029. The availability of wide variety of industrial-grade 3D printing materials drives the growth of the 3D Printing market
Major players in the 3D Printing market include Stratasys (US), 3D Systems, Inc. (US), HP Development Company, L.P. (US), EOS GmbH (Germany),General Electric (US). Major strategies adopted by the players in the 3D Printing market ecosystem to boost their product portfolios, accelerate their market share, and increase their presence in the market include acquisitions, collaborations, partnerships, and new product launches.
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For instance, in March 2024, At the Additive Manufacturing Users Group Conference in Chicago, HP announced its collaboration with Arkema to launch a new polymer 3D printing material, PA 12 S, designed for use with HP's Multi Jet Fusion technology. This material, boasting a high reusability ratio of 85%, offers improved surface finish and reduced costs, with beta users like Materialise and Decathlon already benefiting from its advantages.
In March 2024, Stratasys introduced two groundbreaking software solutions, GrabCAD Streamline Pro and an updated version of GrabCAD Print Pro for PolyJet technology, to enhance efficiency in additive manufacturing. These tools aim to scale production, optimize printer fleets, and streamline workflows, responding to industry demands for sophisticated management systems that benefit various sectors like automotive, aerospace, and healthcare.
Stratasys specializes in advanced additive solutions tailored for industrial applications, addressing crucial design and manufacturing challenges throughout the production cycle. The company offers cutting-edge technologies such as FDM, PolyJet, P3, SAF, Stereolithography, and 3DFashion. Stratasys provides a range of printers, including FDM, PolyJet, Stereolithography, P3, and SAF. Their software offerings encompass GrabCAD Software, Connectivity, Digital Anatomy™ Creator, and OpenAM Software, facilitating seamless integration and enhancing the overall additive manufacturing experience. Stratasys operates across diverse industries, including Aerospace, Automotive, Consumer Products, Dental, Medical, Education, Art, and Fashion. Their applications span Manufacturing, Jigs and Fixtures, Production Parts, Rapid Prototyping, Packaging, Design, Composite Tooling, and Dentures. With a broad industry presence, Stratasys provides innovative solutions tailored to specific sector needs, showcasing their versatility and commitment to addressing a wide range of applications within the realms of design, production, and prototyping.
Materialise is one of the additive manufacturing software solutions and 3D printing services providers. The company operates through Materialise Manufacturing, Materialise Medical, and Materialise Software business segments. The Materialise Software segment develops and delivers additive manufacturing software solutions and related services. The Materialise Medical segment includes software solutions, medical devices, and other products and services. The Materialise Manufacturing segment provides 3D printed services. Materialise serves customers across diverse industries, including automotive, aerospace, healthcare, art and design, and consumer products, providing them with general software tools and 3D printing services. The company is mainly engaged in several critical additive manufacturing applications, including orthopedic, cranio-maxillofacial, eyewear, footwear, and measurement fixtures. Materialise offers a range of technologies, including Stereolithography, Selective Laser Sintering, Multi Jet Fusion, Fused Deposition Modeling, Metal 3D Printing, PolyJet, Somos TetraShellTH, and Vacuum Casting. The company provides software such as CO-AM Software Platform and Magics.
Related Reports:
3D Printing Market by Offering (Printer, Material, Software, Services), Technology (Fused Deposition Modelling, Stereolithography), Process (Powder Bed Fusion, Material Extrusion, Binder Jetting), Application, Vertical & Region - Global Forecast to 2029
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