The global 3D printing market has maintained its substantial growth through 2019, while several top 3D printing trends are expected to further revolutionize the way we adopt 3D printing technology in our industrial world. 3D printing, also known as additive manufacturing, refers to the additive processes of making three dimensional objects by creating successive layers after layers of material until the object is created. 3D printing process enables to produce more complex and functional shapes using less time and materials than traditional manufacturing methods, therefore has become increasingly popular in our modern world.
Today, industrial 3D printing technologies have been widely implemented in various of sectors, including manufacturing, education, automotive, construction, aerospace, healthcare and retail etc. Our market research experts suggest that the global 3D printing market will witness an accelerated growth in 2019, mainly thanks to the rising demand and advanced adoption of 3D printing in automotive, education and healthcare industries.
Technavio has been closely monitoring the latest 3D printing trends to create an in-depth portfolio of 3D market research reports. These reports help our clients identify opportunities within the market and develop effective strategies to optimize their market positions. Take a look at Technavio’s 3D Printing Market Research Library, or download your free sample report today.
Global 3D Printing Market Analysis
According to the latest market research report from Technavio, the global 3D printing services market size will grow by USD 4.77 billion during 2018-2022, registering an impressive CAGR of over 26% during the forecast periods. Meanwhile, the global 3D printer market is also expected to accelerate with a CAGR of nearly 37% from 2018 to 2022.
The rising customization across various industries is one of the key factors driving the growth of global 3D printing market. Consumers are increasingly demanding customized products and companies are also willing to cater to the evolving demand of consumers for fostering brand loyalty. As result, many businesses from various of industries are increasingly adopting industrial 3D printing technologies to customize products, which is also one of the main 3D printing trends to watch in the near future.
Currently, the consumer products segment is accounting the largest 3D printing market share globally, representing nearly 24% of the global market. Other major 3D printing market segments including automotive, healthcare, aerospace and defence etc. Many world’s leading 3D printing companies, such as 3D Systems, Arcam, ExOne, Materialise and Stratasys are also constantly launching new products and services, hoping to break into more sectors with their 3D printing technologies.
Top 3D Printing Trends to Watch in 2019
3D Printing Cars are Accelerating
Since the launch of Strati – the world’s first 3D printed car – in 2014, 3D printing technology has proved its innovation has the potential to reshape the global automotive industry. The adoption of 3D printing in the automotive sector is not only a ground-breaking development for the manufacturing industry but also a positive step towards greener earth, as 3D printing helps build light-weight parts which lead to greater fuel efficiency. Until now most of the prototypes of 3D printing cars have been small but in recent years, many major automotive manufacturers such as Ford and Audi have all entered the 3D printed cars market, increasing their investments towards 3D printing automobiles. Due to the cost-effective nature of this process, 2019 is expected to witness bigger and quicker development of 3D printing cars.
3D Printing Materials are More Diversified
No longer limited to the basics like plastic or paper, industrial 3D printers are now capable of handling almost any materials from nylon to stainless steel. Such diversified material range is also one of the major 3D printing trends that will boost the growth of the global 3D printing market in 2019. A recent market research report from Technavio shows that the global 3D printing materials market will grow by USD 3.4 billion from 2018 to 2022, growing at a CAGR of 39% during the forecast period. Although, thermoplastic polymer is still accounting for the largest market share in the global 3D printing materials market, other materials such as resin, stainless steel, gold, silver, and titanium ceramic are catching up quickly to become some of the major materials used in industrial 3D printing process.
3D Printing in Education is a Booming
The growing use of 3D printing in the education sector is identified as one of the major 3D printing trends that will gain a bigger prominence in 2019. 3D printing technologies are increasingly adopted for training and educating purposes. This is mainly due to a recognition of how 3D printing objects can facilitate better classroom learning and help students at all levels better understand concepts and connect with the learning material. As the demand for smart-learning continues to grow, the global market for 3D printing in education is expected to grow by over $1.29 billion from 2018 to 2022, registering a CAGR of nearly 20% during the forecast periods. 3D printing service providers are nowadays increasingly focusing on aligning 3D printing functionalities in the education curriculum at the K-12 level, especially for STEM projects. As a result, the continuous development of 3D printing technology in the education market is expected to be one of the top 3D printing trends shaping the near future.
3D Printing in Medical Devices is Gaining Huge Popularity
The rising demand for personalized or customized medical devices has sparked the use of 3D printing in the medical devices market. 3D printing medical devices allow implants or equipment to be more easily made to fit the specific need and preference of an individual. Because they are built to fit a specific person, customized prostheses are more comfortable and have a longer lifespan than traditional ones that come in a limited number of sizes. Today, many medical devices produced by 3D printing include surgical instruments, dental restorations such as crowns, orthopedic and cranial implants, and external prosthetics are already gaining huge popularities among patients. Our research experts have reported that the global 3D printing medical devices market will grow at a CAGR of 23% between 2019 and 2023.
3D Bioprinting is Coming to the Spotlight
3D bioprinting is considered as one of the best solutions for the fabrication of biomimetic and multi-cellular tissues that maximally imitate natural tissue characteristics. 3D bioprinting has been widely used to produce human-scale tissues and organs for medical and bioengineering research. Recently, 3D bioprinting technology has witnessed huge advancements in the production of cartilage tissue for use in reconstruction and regeneration. According to a recent market research report from Technavio, the global 3D bioprinting market is projected to grow at an impressive CAGR of over 25% till 2021, making it one of the fastest growing 3D printing trends across the globe. As this technology continues to develop, we expect to see more applications of 3D bioprinting in 2019, especially in the fields such as artificial organs, pharmaceutical testing, cosmetic surgery, and bone tissue regeneration.
For more information about the global 3D printing market size, 3D printing market trends and top 3D printing companies, check this market research report below: