Global Industrial FDM 3D Printer Market Size To Exceed USD 6.5 Billion By 2033 | CAGR Of 15.05%
Category: Advanced MaterialsGlobal Industrial FDM 3D Printer Market Size To Exceed USD 6.5 Billion By 2033
According to a research report published by Spherical Insights & Consulting, the Global Industrial FDM 3D Printer Market Size Expected to Grow from USD 1.6 Billion in 2023 to USD 6.5 Billion by 2033, at a CAGR of 15.05% during the forecast period 2023-2033.
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Browse key industry insights spread across 245 pages with 90 Market data tables and figures & charts from the report on the "Global Industrial FDM 3D Printer Market Size, Share, and COVID-19 Impact Analysis, By Printer Type (Desktop, Industrial), By Material (Plastics, Metals, Ceramics, Composites, and Others), By Application (Prototyping, Tooling, Manufacturing, and Others), By End-Use Industry (Aerospace, Automotive, Healthcare, Consumer Goods, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/industrial-fdm-3d-printer-market
The global industrial FDM 3D printer market refers to the manufacture and use of FDM 3D printers for industrial applications. These printers create practical prototypes, tools, and end-use parts out of thermoplastics such as ABS, PLA, and polycarbonate. Precise and scalable, it is employed by aerospace, automotive, healthcare, and manufacturing industries. Furthermore, rising demands for lightweight and customized parts in aerospace and automotive, as well as healthcare, are driving growth in the industrial FDM 3D Printer market, as is cost-effective prototyping and small-volume production. Advancements in durable thermoplastics, increased precision, and sustainability benefits continue to promote use. However, industrial FDM 3D printing is a domain that has various challenges like high costs of setting up, small scope for material variety, and slower speed than conventional manufacturing.
The industrial segment is expected to hold the largest share of the global industrial FDM 3D printer market during the projected timeframe.
Based on printer type, the global industrial FDM 3D printer market is categorized as desktop, and industrial. Among these, the industrial segment is expected to hold the largest share of the global industrial FDM 3D printer market during the projected timeframe. These sorts of printers are widely utilized in industries such as aerospace, automotive, and healthcare because they can produce high-quality, functioning prototypes and end-use parts.
The composites segment is expected to grow at the fastest CAGR during the projected timeframe.
Based on the material, the global industrial FDM 3D printer market is categorized as plastics, metals, ceramics, composites, and others. Among these, the composites segment is expected to grow at the fastest CAGR during the projected timeframe. Composite materials, such as carbon-fibre-reinforced and glass-fibre-reinforced filaments, are becoming more popular due to their higher strength-to-weight ratio, thermal stability, and appropriateness for demanding applications in the aerospace, automotive, and defence industries.
The prototyping segment is expected to grow at the fastest CAGR during the projected timeframe.
Based on the application, the global industrial FDM 3D printer market is categorized as prototyping, tooling, manufacturing, and others. Among these, the prototyping segment is expected to grow at the fastest CAGR during the projected timeframe. Prototyping's low cost and speed allow different industries, including aerospace, automotive, and healthcare, to develop concepts before mass production.
The healthcare segment is expected to hold the largest share of the global industrial FDM 3D Printer market during the projected timeframe.
Based on the end-use industry, the global industrial FDM 3D printer market is categorized as aerospace, automotive, healthcare, consumer goods, and others. Among these, the healthcare segment is expected to hold the largest share of the global industrial FDM 3D printer market during the projected timeframe. This market is being driven by rising demand for customized medical equipment, prostheses, surgical tools, and implants, as well as the growing adoption of patient-specific solutions created with FDM 3D printers at low cost and with shorter turnaround times.
North America is projected to hold the largest share of the global industrial FDM 3D printer market over the forecast period.
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North America is projected to hold the largest share of the global industrial FDM 3D printer market over the forecast period. The presence of major 3D printing companies in the region, as well as highly advanced manufacturing infrastructure and widespread use in sectors such as aerospace, automotive, and healthcare, provide a dominant lead.
Asia Pacific is expected to grow at the fastest CAGR growth of the global industrial FDM 3D printer market during the forecast period. Rapid industrialization, the expansion of manufacturing sectors, and the growing need to adopt modern technology have all contributed to the region's growth.
Major vendors in the global industrial FDM 3D printer market are SLM Solutions Group AG, GE Additive, HP Inc., ExOne Company, Voxeljet AG, EnvisionTEC GmbH, Ultimaker BV, Markforged Inc., Stratasys Ltd., 3D Systems Corporation, EOS GmbH, Materialise NV, and Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Key Market Development
- In October 2023, CurifyLabs (Finland) introduced the world's first GMP (good manufacturing practice)-produced Pharma Inks for 3D printing drugs, in response to the growing need for personalized medicine in healthcare.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global industrial FDM 3D printer market based on the below-mentioned segments:
Global Industrial FDM 3D Printer Market, By Printer Type
- Desktop
- Industrial
Global Industrial FDM 3D Printer Market, By Material
- Plastics
- Metals
- Ceramics
- Composites
- Others
Global Industrial FDM 3D Printer Market, By Application
- Prototyping
- Tooling
- Manufacturing
- Others
Global Industrial FDM 3D Printer Market, By End-Use Industry
- Aerospace
- Automotive
- Healthcare
- Consumer Goods
- Others
Global Industrial FDM 3D Printer Market, By Regional
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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