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 While the source is a bit outdated (from 2015), it is the most recent commercial and personal 3D printing market breakdown available, as all other more updated reports are behind paywalls.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]
— Projected Commercial 3D Printing Market Size for 2025 [Global]
— Commercial 3D Printing Market Size for 2017 [North America]
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.
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.