3D Printing Market was worth USD 5.4 Bn in 2023 and total revenue is expected to grow at a rate of 28% CAGR from 2024 to 2030, reaching USD 31.14 Bn in 2030
The market for 3D printing is dominated by powerful companies such as Desktop Metal, Stratasys, 3D Systems, and HP, who have deep distribution networks and advanced technologies. These companies compete fiercely with one another. Becoming a leader in production scalability and material diversity, Desktop Metal is distinguished by its cutting-edge binder jetting technology, which was recently demonstrated by its collaboration with BEGA to 3D print aluminium lighting components. Using extensive portfolios and worldwide distribution networks, Stratasys and 3D Systems also sustain their robust positions, whereas HP utilizes its proficiency in printing technologies to augment its market share. Following in the footsteps of its more established competitors, LuxCreo is making waves in the dental space thanks to partnerships that strengthen its position. One such partnership saw LuxCreo's 3D printers validated for use with Desktop Health's Flexcera resins. These partnerships show how crucial material versatility and production capacity are to maintaining a competitive edge. Smaller businesses and startups, on the other hand, concentrate on differentiating themselves through specialized applications or niche markets. As the market grows dynamically, followers and new entrants are quickly adapting to the changing landscape, while the market leaders have cemented their positions by continuously innovating and expanding their product offerings.
Stratasys Ltd.
Stratasys Ltd. is a leading force in the global 3D printing market, offering a comprehensive range of additive manufacturing systems, related consumables, and services. The company's operations span multiple industries, including aerospace, automotive, consumer products, healthcare, and education, with a focus on enhancing its product portfolio to meet evolving technological demands. In 2023, Stratasys generated 37.9% of its revenue from markets outside the Americas, highlighting its global reach. The company's revenue streams are divided between Products and Services, with the former contributing USD 99.2 million in Q1 2024. Strategic acquisitions, such as Origin Laboratories and UK-based RP Support Ltd., have extended Stratasys' polymer and production-scale 3D printing capabilities. With a slight revenue decline in Q1 2024 owing to macroeconomic factors, Stratasys achieved record-high consumables revenue, driven by the robust usage of its systems. The introduction of SAF HighDef Printing and the H350 V1.5 printer further underscores the company's commitment to innovation and market leadership.
• Stratasys Ltd. and AM Craft have entered into a strategic partnership to enhance the adoption of 3D-printed, flight-certified parts in the aviation industry. The collaboration leverages AM Craft’s EASA Part 21G Production Organization Approval to deliver certified components to airlines, MROs, and OEMs, addressing supply chain challenges in the aviation aftermarket. The partnership is expected to increase AM Craft’s production network, including acquiring Stratasys’ subsidiary, Additive Flight Solutions, and establishing new facilities in Hamburg and Dubai. This move aims to localize production, improve customer service, and accelerate the growth of additive manufacturing in the aviation sector.
3D Systems
3D Systems, a pioneering force in additive manufacturing for more than 35 years, generates significant revenue by providing a comprehensive range of 3D printing solutions across various industries, including healthcare, aerospace, automotive, and industrial goods. The company’s product portfolio includes metal and plastic 3D printers, as well as specialized systems for dental, jewelry, and thermoforming applications. 3D Systems focuses on innovation and reliability, offering not just hardware, but also software, materials, and expert services tailored to specific customer needs. By leveraging its extensive industry expertise, the company plays a crucial role in transforming manufacturing processes, enabling the creation of advanced, application-specific solutions that drive growth in the additive manufacturing sector.
EOS GmbH
EOS GmbH stands as a global leader in industrial 3D printing, specializing in additive manufacturing (AM) solutions for metals and plastics. Established in 1989, the company has consistently pushed the boundaries of manufacturing by integrating high-quality production efficiency with cutting-edge innovation. EOS’s product offerings encompass a holistic portfolio that includes 3D printers, materials, and process parameters, all designed to ensure superior part quality and a competitive edge for its customers. The company’s pioneering strategies focus on sustainable manufacturing practices, addressing the inefficiencies of traditional methods through advanced AM technologies. By fostering an ecosystem that emphasizes energy efficiency, waste reduction, and responsible resource usage, EOS is leading the charge in transforming manufacturing processes across various industries, including medical, automotive, and aerospace, into more sustainable and efficient operations.
Recent Development
• On April 15, 2024, 3D Systems achieved a groundbreaking milestone in the medical field with the FDA clearance of its VSP PEEK Cranial Implant. This 3D-printed, patient-specific implant is the first of its kind to receive FDA approval for cranioplasty procedures, offering a new standard in cranial reconstruction. The EXT 220 MED printer, which utilizes high-performance PEEK material, has already been used successfully in nearly 40 cranioplasties across Europe, and with FDA clearance, the technology is now poised to revolutionize cranial implants in the U.S. market. The growing demand for customized, cost-effective medical solutions, coupled with 3D Systems' ongoing innovation, is expected to drive significant growth in both the industrial and medical sectors.
• On June 20, 2024, Desktop Metal announced its partnership with BEGA, a global leader in architectural lighting, to showcase binder jet 3D-printed aluminum components at RAPID + TCT in Los Angeles. The partnership, which began in 2022, focused on optimizing lightweight aluminum parts using Desktop Metal's X25Pro printer with Al6061 powder. The showcased components, including a complex motion sensor cover and collimator housing, demonstrate significant advancements in 3D printing technology, offering benefits such as weight reduction and improved performance. This collaboration highlights the growing potential of binder jet 3D printing for producing high-quality, sustainable lighting solutions.
• On September 4, 2024, Desktop Health announced the validation of its Flexcera family of FDA 510(k) cleared nanoceramic polymers for use with LuxCreo 3D printers. Flexcera resins, known for producing high-quality dental prosthetics, are now compatible with LuxCreo systems, increasing into cosmetic, restorative, and removable dental applications. This addition aligns LuxCreo with other prominent dental 3D printing brands such as Carbon and Asiga.
