Fused Deposition Modeling 3D printing Market Size is predicted to grow at a 29.6% CAGR during the forecast period for 2024-2031.
FDM is an additive production technology used for 3D printing. It operates by heating and extruding thermoplastic filament through a nozzle, which deposits layers of material according to a digital design or CAD (Computer-Aided Design) model. FDM 3D printing continues to evolve with advancements in materials and printer technology, expanding its capabilities and applications in manufacturing, prototyping, and creative fields. The market is expected to reach substantial growth in value due to the widespread adoption of fused deposition modelling technology in various industries.
In healthcare, these 3D printers are valued for their ability to produce affordable prosthetic devices. They are also extensively utilized in the aerospace and automotive sectors to enhance research and design efficiency. Moreover, the growth can be credited to ongoing advancements in FDM technology, which include enhancements in printing speeds, resolution, and the ability to work with a broader array of materials.
The expanding availability and evolution of diverse thermoplastic materials that are compatible with FDM printers have been pivotal in stimulating market expansion. Manufacturers now enjoy a broad spectrum of material options offering varied properties such as strength, flexibility, heat resistance, and biodegradability. This diversity empowers them to select materials that best fit their particular application needs.
Competitive Landscape
Some Major Key Players In The Fused Deposition Modeling 3D printing Market:
- ExOne
- EOS GmbH
- Stratasys Ltd
- XYZprinting, Inc.
- Optomec
- Voxeljet AG
- Organovo Holdings, Inc.
- EnvisionTEC
- 3D Systems
- Markforged
- Bambu Lab
- Shenzhen Creality 3D Technology Co., Ltd.
- ELEGOO
- MakerBot
- UltiMaker
- INTAMSYS TECHNOLOGY CO., LTD.
- Prusa Research a.s.
- Flashforge
- Other Market Players
Market Segmentation:
The fused deposition modelling 3D printing market is segmented by type and application. Based on product segment, the market is divided into stereolithography, polyjet printing, multijet printing, colorjet printing, digital light processing, and selective laser sintering. By application, the global fused deposition modelling 3D printing market is categorized into consumer, automotive, aerospace and defence, healthcare, fashion, and aesthetics.
Based On Type, The Digital Light Processing (DLP) Technology Segment Is Accounted As A Major Contributor In The Fused Deposition Modeling 3D Printing Market.
Digital Light Processing (DLP) technology commands a significant share of the 3D printing market due to its ability to produce high-resolution parts with intricate details. By using a digital light projector to cure photosensitive resin layer by layer, DLP enables rapid prototyping and manufacturing across various industries. It is particularly valued in sectors such as dental, jewellery, and small-scale manufacturing, where precision and superior surface finish are paramount. DLP's efficiency in creating complex geometries and fine features makes it a preferred choice for applications requiring high detail and accuracy. As a result, DLP is expanding its presence in the 3D printing market, offering advanced solutions to meet diverse industry needs for customized and precise components.
The Automotive Segment Witnessed Rapid Growth.
The automotive segment has established itself as the leading sector in the Fused Deposition Modeling (FDM) 3D printing market. This prominence is underpinned by several key advantages that FDM technology offers to automotive manufacturers. Primarily, FDM is extensively used for rapid prototyping of vehicle components and the production of tools, jigs, and fixtures used in assembly processes. This capability accelerates product development timelines and reduces the lead time for new vehicle models. Furthermore, FDM enables customization and optimization of automotive parts, facilitating the creation of lightweight components with intricate geometries that enhance vehicle performance and efficiency.
Cost efficiency is another significant driver, as FDM allows for the economical production of low-volume parts, spare components, and personalized accessories, thereby reducing inventory costs and minimizing waste. The flexibility of FDM in decentralized production also enhances supply chain agility, enabling manufacturers to produce parts closer to the point of use, thereby reducing logistics expenses and improving responsiveness to market demands. Additionally, ongoing advancements in FDM materials, such as high-performance thermoplastics and composites, ensure that automotive components meet stringent industry standards for durability, heat resistance, and mechanical properties.
In The Region, The North American Fused Deposition Modeling 3D Printing Market Holds A Significant Revenue Share.
In the North American region, the Fused Deposition Modeling (FDM) 3D printing market commands a significant revenue share. This dominance is driven by a mature industrial base, strong technological advancements, and widespread adoption across diverse sectors, including aerospace, automotive, healthcare, and consumer goods. North America benefits from robust research and development initiatives, a supportive regulatory environment, and strategic investments in additive manufacturing technologies, all contributing to its prominent position in the global 3D printing market. Conversely, in the Asia-Pacific (APAC) region, the FDM 3D printing market is also witnessing substantial growth. Countries like China, South Korea, Japan and India are pivotal in this expansion, driven by rapid industrialization, increasing investments in advanced manufacturing technologies, and a burgeoning demand for customized production solutions.
Recent Developments
- In March 2024, Stratasys Ltd. purchased Arevo's technology portfolio, which includes its Intellectual Property (IP) estate. Stratasys will gain access to important patents related to carbon fiber printing, strategies for enhancing Z-strength, and build monitoring enabled by artificial intelligence with this acquisition. Stratasys plans to expand the variety of manufacturing applications they provide to customers by incorporating this technology into their FDM 3D printing equipment.
- In Sept 2023, ExOne and BMW showcased the utilization of ExOne's binder jet 3D printing technology by BMW. BMW has collaborated with ExOne since 2002. They utilized four ExOne Exerial sand 3D printers and intend to incorporate two additional ExOne machines in the future.
Fused Deposition Modeling 3D printing Market Report Scope
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Report Attribute |
Specifications |
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Growth Rate CAGR |
CAGR of 29.6% from 2024 to 2031 |
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Quantitative Units |
Representation of revenue in US$ Bn and CAGR from 2024 to 2031 |
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Historic Year |
2019 to 2023 |
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Forecast Year |
2024-2031 |
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Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
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Segments Covered |
By Type, Application |
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Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; France; Italy; Spain; South East Asia; South Korea |
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Competitive Landscape |
Exone, EOS GmbH, Stratasys Ltd, XYZprinting, Inc., Optomec, Voxeljet AG, Organovo Holdings, Inc., EnvisionTEC, 3D Systems, and Ricoh Company, Ltd. and and Other Market Players |
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Customization Scope |
Free customization report with the procurement of the report and modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
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