Commercial 3D Printing Market Analysis

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Commercial 3D Printing: Market Analysis

In recent years, the 3D printing market has been growing rapidly, mostly due to the technology's innovations, cost reduction, and high-level customization. Most of the demands are focused on the 3D commercial sector, with only a small percentage belongs to personal usage. In 2016, the estimated global commercial 3D printing market size was $6.78 billion and the projected global commercial 3D printing market size for 2025 is $30.03 billion. While the US commercial 3D printing market size was requested, data on this specific region is inaccessible (the information is behind a paywall). Instead, the commercial 3D printing market size for North America was triangulated. In 2017, the commercial 3D printing market size of North America was estimated to be $2.85 billion. Details of the report are provided below.

Global and North American region market size

According to a study by Transparency Market Research (2017), the entire global market size of 3D Printing (including printer, technology, services...) for both the commercial and personal market was valued at US$7.3 billion in 2016. It is expected to reach US$32.3 billion by the end of 2025.

The market size for the North American region was US $3,066.8 million in 2017.

According to smitherspira.com (2015), the commercial 3D printing segment accounted for about 93% of total 3D printing market value in 2015. While the source is a bit outdated (from 2015), it is the most recent commercial and personal 3D printing market breakdown available, as all other more updated reports are behind paywalls.
Therefore, assumed that the commercial 3D printing segment still takes the same percentage (93%) in 2017 and 2025, we have:

— Commercial 3D Printing Market Size for 2016 [Global]
93% x $7.3 billion = 6.789 billion US$

— Projected Commercial 3D Printing Market Size for 2025 [Global]
93% x $32.3 billion =30.039 billion US$

— Commercial 3D Printing Market Size for 2017 [North America]
93% x $3,066.8 million =2.852 billion US$

commercial 3D printer manufacturers and 3D commercial printing services

1. Commercial 3D Printer Manufacturers Market Size

According to prnewswire.com (2018), by 2022, the global market size of 3D printer market is projected to be at about US $4.2 billion, with a compound annual growth rate (CAGR) of 12.8% from 2017 to 2022.

According to smitherspira.com (2015), the commercial 3D printer segment took about 21% of total 3D printer market value in 2015. While this report is slightly dated (2015), it is the most recent categorization of personal and commercial 3D printer market available.

Assumed that the commercial 3D printer segment still takes the same percentage (21%) in 2022 then

Projected Commercial 3D Printer Market Size for 2022 [Global]
21% x $4.2 billion = $882 million

North America is expected to take the largest market share during the forecast period, but no further breakdown is available (all behind paywalls).

2. Commercial 3D Printing Services Market Size

According to prnewswire.com (2017), by 2022, the global market size of 3D printing services is predicted to be about US $13 billion, with a CAGR of more than 28% during the period 2016-2022.

North America is the largest printing services market, but no further segmentation is available (all behind paywalls).

Sub-market within the commercial 3d printing industry

Among the various types of 3D commercial printing services, the 3DP software and services market has experienced the fastest growth. By 2021, the global 3D printing software and services market is predicted to be at $4,526.6 million, with a CAGR of 25.2% between 2017 and 2021.

The rise of the 3D printing software and services market is mostly due to the increase in demand for cheaper and faster 3D products from small businesses. Nowadays, instead of investing heavily on 3D printing machines, small companies are inclined to seek a 3D printing service provider that can help them rapidly produce their 3D prototypes within a reasonable fee.

There are three categories within the 3D printing software market: 3D designing software, data preparation software, simulation software and machine control software. 3D designing software currently takes the largest market share, with nearly 61% in 2016.

There are 3 types of 3D printing services market, including print on demand services, after sales and maintenance services. Among these, the print on demand services took the largest market share, with 78.4% in 2016.

In US, the 3D print on demand services industry valued at US $131 million in 2017 and is expected to experience a CAGR of 13.4% to 2022.

Conclusion

To sum up, the 3D printing market is experiencing rapid growth. In 2016, the global commercial 3D printing market size was estimated to be $6.78 billion. In 2017, the commercial 3D printing market size of North America was estimated at $2.85 billion. The projected global commercial 3D printing market size for 2025 is $30.03 billion.
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Part
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Commercial 3D Printing: The Companies

The short answer is we have found ten commercial 3D printing companies meeting your criteria. The companies are 3D Systems, ExOne, Materialise NV, Organovo, Proto Labs, Stratasys, SLM Solutions, Nano Dimension, Voxeljet and Formlabs. Below you will find a deep dive of my findings.

3d commercial printing companies

1) 3D Systems, based in Rock Hill, SC, USA, has its hands in Aerospace & Defense, Automotives, Dental, Healthcare, Durable Goods, Teaching & Training, and Entertainment. 3D Systems produces 3D printers, equipment, and also provides on-demand 3D printing services for businesses. $646.07 million in revenue was reported in 2017.

2) ExOne, North Huntingdon Township, PA, USA, began in 2005, spinning off of Extrude Hone Corporation. For over 50 years, Extrude Hone has been in the business of supply and development for machine and automated systems. ExOne's focus is to help companies wanting to expand their traditional manufacturing operations. The company made $57.75 million in 2017.

3) Materialise NV, based in Leuven, Belgium, was founded in 1990. They have branches around the world, and are focused on the empowerment of their customers to make steps towards digital manufacturing. Not only is their 3D printing facility one of the largest in the world, but their group of software developers is the largest in the industry. In 2017, the company reported $174.97 million in revenue.

4) Organovo, San Diego, CA, USA, is a bioprinting company. They're allowing ground-breaking therapies by creating 3D tissues that accurately represent the biology of a human. Their printed tissues are allowing an important step between preclinical drug testing and clinical trials, as well as advancing in vitro tissues to be more predictive for things such as disease modeling and toxicology. In 2017, they reported revenues of $4.23 million.

5) Proto Labs, Maple Plain, MN, USA, was founded in 1999, launching 3D printing services in 2014. Their focus is quick-turn manufacturing in under 2 weeks. Proto Labs handles 3D Printing, CNC Machining, and Injection Molding. They now have facilities for manufacturing in five countries, and are the fastest manufacturer in the world for custom prototypes and on-demand production parts. Proto Labs made $344.49 million in 2017.

6) Stratasys, Eden Prairie, MN, USA, was founded in 1988. They are dedicated to quick and cost-effective manufacturing with quality in mind. Stratasys is involved in industries from Aerospace to Entertainment to Education, focusing on advancing life everywhere. $668.36 million in revenue was reported in 2017.

7) SLM Solutions, Lubeck, Northern Germany, was the first company to provide overlapping multi-laser systems, and their systems are the most productive machines for powder bed fusion on the market. SLM Solutions offers an open system architecture which allows the process to be tailored by each user. $82.49 million was made in 2017

8) Nano Dimension, Santa Clara, CA, USA, was founded in 2012 and specialize in the printing of 3D electronics. They've created a 3D printer for multilayer printed circuit boards, and have created inks for the necessary ultra-rapid prototyping. Nano Dimension made $0.835 million in 2017

9) Voxeljet has offices in India, China, the U.K., and the United States, including their home branch in Friedberg, Germany. Their products come in a range of sizes, and can offer the perfect system for any application from research to industrial. Their name (voxel-jet) literally stands for the inkjet-based 3D printing process. Voxeljet made $25.95 million in 2017.

10) Formlabs, Somerville, MA, USA, is a startup geared to helping young professionals with their 3D printing needs, whether it's getting the right printer or taking advantage of their virtual library, tutorials, and webinars. Formlabs only recently received a round of funding in the amount of $30 million on April 4, 2018, but is already making great strides in the industry.

conclusion

To wrap it up, we have found details for ten commercial 3D printing companies in both the US and internationally.
Sources
Sources