Table of Contents
3D Printing Market Overview
3D printing, or additive manufacturing, is a technology that creates three-dimensional objects from digital designs by layering material, offering customization, rapid prototyping, and reduced waste.
It employs various materials and printers for aerospace, healthcare, and more applications. Despite challenges like speed and cost, 3D printing’s future looks promising, with emerging trends such as bioprinting and 4D printing.
Market Drivers
The growth of the 3D printing market is fueled by factors such as customization and rapid prototyping, reducing material waste, enabling complex geometries, cost-effective small batch production, material advancements, and adoption in aerospace and automotive industries.
Healthcare applications, education and research integration, government support and investment, emerging technologies like bioprinting and 4D printing, and increased consumer interest in desktop 3D printers, collectively propel 3D printing into a transformative force across various industries.
Market Size
In 2022, the worldwide 3D printing market had an estimated value of $14.7 billion, projected to reach $81.5 billion by 2032. From 2023 to 2032, experts anticipate this market will experience a compound annual growth rate (CAGR) of 19.2%.
List of Major Companies
Stratasys
Company Overview
| Establishment Year | 1989 |
| Headquarter | Eden Prairie, Minnesota, USA |
| Key Management | Yoav Zeif (CEO) |
| Revenue (US$ Bn) | $ 651.5 Million (2022) |
| Headcount | 2,062 (2022) |
| Website | https://www.stratasys.co.in/ |
About Stratasys Ltd
Stratasys Ltd., founded in 1989 and based in Eden Prairie, Minnesota, USA, is a renowned global leader in 3D printing and additive manufacturing technologies. With a strong international presence, Stratasys has consistently led the way in the 3D printing sector, introducing groundbreaking solutions that have revolutionized various industries by changing how manufacturing, design, and prototyping are approached. The company aims to transform conventional manufacturing methods using its advanced 3D printing solutions.
Stratasys caters to a diverse clientele, including individual designers, small enterprises, and large multinational corporations, serving various industries such as aerospace, automotive, healthcare, consumer goods, and education. Their product offerings encompass various 3D printing technologies, materials, printers, software solutions, and customized industry-specific offerings.
Geographical Presence
Stratasys Ltd. maintains a worldwide presence with headquarters in Eden Prairie, Minnesota, USA, and a comprehensive network of offices, facilities, and partnerships across North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. This global footprint enables Stratasys to cater to a diverse clientele spanning aerospace, automotive, healthcare, and education industries.
Recent Developments
- In November 2023, Stratasys, Ltd., a prominent supplier of 3D printing solutions using polymers, revealed that Toyota, a renowned leader in the automotive manufacturing industry, will be the inaugural buyer of their latest 3D printer, the Stratasys F3300. Toyota intends to utilize the F3300 not only for producing parts and fixtures but also for rapid prototyping, accelerating the launch of new products.
- In March 2023, Stratasys Ltd. reported that the German service provider Götz Maschinenbau is expanding its capabilities to fulfill increased customer requests for top-notch final components by acquiring four more Stratasys H350 3D printers designed for production-scale operations.
3D-Systems
Company Overview
| Establishment Year | 1986 |
| Headquarter | Rock Hill, South Carolina, USA |
| Key Management | Jeff Graves (President & CEO) |
| Revenue (US$ Bn) | $ 538 M (2022) |
| Headcount | ~ 2,032 (2022) |
| Website | https://www.3dsystems.com/ |
About 3D Systems Corporation
3D Systems Corporation is a prominent 3D printing and additive manufacturing technology company. Established in 1986 and headquartered in Rock Hill, South Carolina, USA, the company has played a pivotal role in shaping the 3D printing industry. 3D Systems is known for pioneering a range of 3D printing technologies, including Stereolithography (SLA), Selective Laser Sintering (SLS), and Direct Metal Printing (DMP), among others.
The company’s core mission is to enable businesses and individuals to bring their ideas to life using 3D printing technology. 3D Systems caters to various industries, including aerospace, automotive, healthcare, consumer goods, and education, offering solutions encompassing the entire 3D printing workflow.
Geographical Presence
3D Systems Corporation maintains a worldwide presence with its headquarters in Rock Hill, South Carolina, USA, and an extensive network of offices, facilities, and partnerships spanning North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. This global reach positions 3D Systems to cater to diverse industries across various regions, including aerospace, healthcare, and manufacturing.
Recent Developments
- In October 2023, 3D Systems shared the news that they’ve successfully used a tailored 3D-printed cranial implant, made using their point-of-care methods, in a cranioplasty surgery conducted at the University Hospital Basel in Switzerland.
- In September 2023, 3D Systems, a prominent American company specializing in additive manufacturing solutions, revealed that it secured a contract worth $10.8 million from the US Air Force. The contract concerns developing an Advanced Technology Demonstrator for a large-format metal 3D printer.
EnvisionTEC
Company Overview
| Establishment Year | 2002 |
| Headquarter | Dearborn, Michigan, US |
| Key Management | Al Siblani (CEO) |
| Revenue (US$ Bn) | $ 49.3 Million (2022) |
| Headcount | ~ 128 (2022) |
| Website | https://etec.desktopmetal.com/ |
About EnvisionTec Inc
EnvisionTec Inc. is a leading company in 3D printing and additive manufacturing technologies. Established in 2002 and headquartered in Dearborn, Michigan, USA, the company has gained recognition for its innovative solutions in 3D printing. EnvisionTec is known for its proprietary Digital Light Processing (DLP) and Continuous Digital Light Manufacturing (cDLM) technologies, which offer high precision and speed in 3D printing.
The company’s core mission revolves around providing cutting-edge 3D printing solutions catering to various industries and applications. EnvisionTec serves jewelry, dental, medical, aerospace, automotive, and consumer goods sectors. Their solutions cover the entire 3D printing workflow, from hardware and materials to software and services.
Geographical Presence
EnvisionTec Inc. boasts a worldwide presence with its headquarters in Dearborn, Michigan, USA, and an extensive network of offices, distribution centers, and partnerships spanning North America, Europe, Asia-Pacific, Latin America, the Middle East and Africa. This expansive global reach positions EnvisionTec to cater to a diverse range of industries, including dental, jewelry, and healthcare, across various regions.
Recent Development
- In September 2021, EnvisionTEC and Covestro joined a partnership to provide material and printer solutions to expedite the adoption of industrial 3D printing. Their shared goal is to reduce the obstacles for businesses interested in incorporating 3D printing for creating molds for smaller production runs or intricate, cost-effective parts.
Materialise
Company Overview
| Establishment Year | 1990 |
| Headquarter | Leuven, Belgium |
| Key Management | Brigitte de Vet-Veithen (CEO) |
| Revenue (US$ Bn) | $244.0 Million (2022) |
| Headcount | ~ 2000 (2022) |
| Website | https://www.materialise.com/en |
About Materialise NV
Materialise NV is a prominent company specializing in 3D printing and additive manufacturing solutions. Founded in 1990 and headquartered in Leuven, Belgium, the company has become a leading player in 3D printing technology and services.
Materialise is renowned for its innovative contributions to the industry and its commitment to pushing the boundaries of what is possible in additive manufacturing. Materialise serves sectors such as healthcare, aerospace, automotive, consumer goods, and more, offering a comprehensive suite of solutions that span the entire 3D printing workflow.
Geographical Presence
The company’s extensive network spans Europe, including the United Kingdom, Germany, the Netherlands, and Poland, focusing on serving diverse industries. Materialise has established a robust presence in North America, with offices and facilities in states such as Michigan, Maryland, and Pennsylvania, serving sectors like healthcare and aerospace.
In the Asia-Pacific region, they have expanded their reach to countries like Japan, China, and Singapore, catering to industries including healthcare and manufacturing. Latin America is served through partnerships and distributors, with a presence in countries like Brazil and Mexico, while the Middle East and Africa also benefit from their offerings.
Recent Developments
- In November 2023, Nikon SLM Solutions and Materialise announced a collaborative effort with a clear goal: to develop advanced Materialise Build Processors (BPs) tailored specifically for Nikon SLM Solutions printers.
- In December 2022, Materialise agreed with EOS GmbH India Office, Delta Rapid 3D, and Presidency University to enable Industrial Additive Manufacturing (AM) Consultancy projects and educational programs in India.
HP
Company Overview
| Establishment Year | 1998 |
| Headquarter | Palo Alto, California, United States |
| Key Management | Chip Bergh (Chairman) |
| Revenue (US$ Bn) | $62.98 Billion (2022) |
| Headcount | ~ 58,000 (2022) |
| Website | https://www.hp.com/in-en/home.html |
About HP Inc
HP Inc. is a well-known multinational technology company with a rich history dating back to its founding in 1939. Headquartered in Palo Alto, California, USA, HP Inc. operates as a successor to the original Hewlett-Packard Company, which was split into two separate entities in 2015, with HP Inc. focusing on personal computers and printers.
HP Inc. is a leading provider of a wide range of technology products, solutions, and services that cater to consumers, businesses, and institutions globally. HP Inc. has a global presence, with operations and offices in numerous countries. They serve a diverse customer base, including consumers, small and medium-sized businesses, large enterprises, and public sector organizations.
Geographical Presence
HP Inc. maintains a prominent worldwide presence, with its headquarters in Palo Alto, California, USA. The company’s extensive global network includes offices, manufacturing facilities, and research centers across North America, Europe, Asia-Pacific, Latin America, the Middle East and Africa. This widespread geographical reach positions HP Inc. to serve diverse markets, encompassing consumers, businesses, and institutions.
Recent Developments
- In November 2023, HP revealed a significant partnership with Indo-MIM based in Bangalore, India. Together, they will embark on a cooperative venture, with Indo-MIM investing to acquire three HP Metal Jet S100 Binder Jetting machines.
- In September 2023, Toyota Motor Corporation turned to HP’s Multi Jet Fusion 3D printing technology to produce an optional oil cooler duct for the LEXUS LC500 vehicle.
Canon
Company Overview
| Establishment Year | 1937 |
| Headquarter | Shimomaruko, Ōta, Tokyo, Japan |
| Key Management | Fujio Mitarai (Chairman & CEO) |
| Revenue (US$ Bn) | $ 30.31 Billion (2022) |
| Headcount | ~ 184,034 (2022) |
| Website | https://global.canon/en/ |
About Canon Inc
Canon Inc., headquartered in Tokyo, Japan, is a renowned multinational corporation founded in 1937. With a steadfast commitment to innovation and quality, Canon has become a global imaging and optical industry leader. Their diverse portfolio includes imaging products such as digital cameras and camcorders, a wide range of printers and scanners, business solutions like document management systems, and medical diagnostic equipment.
Canon also provides professional services environmental initiatives, and invests significantly in research and development. With a presence in various countries, Canon serves consumers, photographers, filmmakers, and businesses worldwide, offering cutting-edge technology and sustainable practices.
Geographical Presence
Canon Inc. boasts a robust global presence, with its headquarters in Tokyo, Japan. This multinational corporation has established a significant footprint in North America, Europe, Asia-Pacific, Latin America, the Middle East, and Africa. In Japan, it serves as the heart of its operations, encompassing research and development, manufacturing, and corporate functions.
Across these regions, Canon provides a diverse portfolio of imaging and optical products, including cameras, printers, and document management solutions, catering to many consumers, businesses, and professionals.
Recent Developments
- In September 2023, Canon Inc. revealed a breakthrough in plastic recycling by developing a material-based sorting process. Utilizing their advanced tracking-type Raman spectroscopy technology, Canon can now accurately identify various materials during recycling. This innovative method even enables sorting black plastic pieces, a previously challenging task, and distinguishes black plastics mixed with other colors.
- In May 2023, Canon Inc. unveiled a significant material advancement for next-generation quantum dot displays. They have successfully developed a unique perovskite quantum-dot ink, a pioneering achievement globally, and demonstrated its remarkable durability, marking a significant milestone in the field.
Autodesk
Company Overview
| Establishment Year | 1982 |
| Headquarter | California, US |
| Key Management | Andrew Anagnost (CEO) |
| Revenue (US$ Bn) | $ 5.01 Million (2022) |
| Headcount | ~ 13,700 (2023) |
| Website | https://www.autodesk.com/ |
About Autodesk
Autodesk, Inc., headquartered in San Rafael, California, USA, is a leading multinational software corporation established in 1982. The company is renowned for its pivotal role in computer-aided design (CAD), engineering, and software solutions across diverse industries.
Autodesk empowers professionals and businesses with a comprehensive suite of software tools, including AutoCAD, Revit, and Fusion 360, tailored for 2D and 3D design, modeling, and simulation. Their global reach spans various sectors, encompassing architecture, engineering, construction, manufacturing, media, and entertainment.
Geographical Presence
Autodesk, Inc. boasts a substantial global presence, with its headquarters in San Rafael, California, USA. This multinational software corporation has established a prominent footprint across North America, Europe, Asia-Pacific, Latin America, the Middle East, and Africa. Throughout North America, Autodesk operates in the United States, Canada, and Mexico, serving professionals and businesses in architecture, engineering, and manufacturing.
The company has a significant presence in Europe in countries including the United Kingdom, Germany, France, Italy, and Spain. Autodesk’s growing reach extends to Asia-Pacific nations like China, India, Japan, and Australia. They also serve Latin American countries such as Brazil and Mexico and maintain a presence in the Middle East and Africa.
Recent Development
- In August 2023, Autodesk, Pixar, Adobe, Apple, and NVIDIA, in partnership with the Joint Development Foundation (JDF) under the Linux Foundation, unveiled the Alliance for OpenUSD (AOUSD).
- In May 2022, Autodesk, Inc. introduced “Bridge,” a novel collaboration feature that enables construction teams to selectively share project data with stakeholders, even if they are not part of the same team or project within Autodesk Construction Cloud.
Voxeljet
Company Overview
| Establishment Year | 1999 |
| Headquarter | Friedberg (Bavaria), Germany |
| Key Management | Ingo Ederer (CEO) |
| Revenue (US$ Bn) | $ 29.3 Million (2022) |
| Headcount | ~ 253 (2022) |
| Website | https://www.voxeljet.com/ |
About Voxeljet AG
Voxeljet AG, headquartered in Friedberg, Bavaria, Germany, is a leading player in the industrial 3D printing sector. Established in 1999, the company specializes in large-format 3D printers and on-demand 3D printing services, catering to automotive, aerospace, foundry, and art and design industries.
Voxeljet offers cutting-edge 3D printing systems, including binder jetting and powder bed fusion technologies, known for producing high-quality sand molds and plastic parts. Committed to innovation, Voxeljet AG focuses on research and development to advance its 3D printing technology, materials, and software, maintaining its prominence in additive manufacturing.
Geographical Presence
Voxeljet AG has a global geographical presence with subsidiaries, service centers, and partnerships in various regions worldwide. Their global presence extends to subsidiaries and service centers in countries like the United States, the United Kingdom, China, and India, enabling them to serve a diverse international clientele.
Recent Developments
- In October 2023, Voxeljet AG and Loramendi unveiled a video showcasing the world’s pioneering fully automated additive 3D production line for sand cores. This achievement results from their collaboration on the Industrialization of Core Printing (ICP) project.
- In September 2020, Voxeljet furthered its presence in India by selling its largest industrial 3D printer, the VX4000.
Made-In-Space
Company Overview
| Establishment Year | 2010 |
| Headquarter | Jacksonville, Florida, United States |
| Key Management | Andrew Rush (CEO) |
| Revenue (US$ Bn) | $ 3.2 Million (2022) |
| Headcount | ~ 100 (2019) |
| Website | https://www.madeinspace.us/ |
About Made In Space
Made In Space, Inc. (MIS), headquartered in Jacksonville, Florida, is a pioneering American company leading the field of in-space manufacturing and 3D printing. Established in 2010, MIS specializes in developing advanced technology for manufacturing and construction in the unique environment of outer space.
Their groundbreaking solutions include in-space 3D printing technology demonstrated aboard the International Space Station (ISS) through the Additive Manufacturing Facility (AMF). MIS also focuses on Archinaut technology, which can potentially construct large space structures and components in orbit, reducing the cost and complexity of space missions.
Geographical Presence
Made In Space, Inc. (MIS) primarily operates in space manufacturing and technology development, and its activities are closely tied to space missions and collaborations with space agencies like NASA. As such, its geographical presence is not limited to a specific physical location in the traditional sense, but rather, its operations and projects extend into space and are conducted in partnership with various space agencies and organizations globally.
Markforged
Company Overview
| Establishment Year | 2013 |
| Headquarter | Waltham, Massachusetts, US. |
| Key Management | Shai Terem (CEO & President) |
| Revenue (US$ Bn) | $ 101.0 Million (2022) |
| Headcount | ~ 200 (2022) |
| Website | https://markforged.com/ |
About Markforged
Markforged, headquartered in Watertown, Massachusetts, is a leading American technology company specializing in industrial 3D printing and additive manufacturing solutions. Established in 2013, Markforged has gained prominence for its innovative approach to manufacturing. They offer a range of products and services designed to empower businesses across diverse industries.
Their portfolio includes industrial 3D printers for metals and composites, advanced materials like carbon fiber and metal, and software solutions that streamline the 3D printing process. Markforged’s technology is renowned for producing high-strength, functional parts and prototypes, and it serves industries such as aerospace, automotive, healthcare, and manufacturing.
Geographical Presence
Markforged, a technology company specializing in industrial 3D printing and additive manufacturing, serves a global customer base, and its geographical presence extends to various regions worldwide. While Markforged is headquartered in Watertown, Massachusetts, its reach and impact are not limited to a single physical location. Instead, its network of customers, partners, resellers, and service centers in different countries and regions characterize the company’s presence.
Recent Developments
- In November 2023, Markforged Holding Corporation introduced its newest industrial 3D printer, the FX10, focusing on enhancing manufacturing line efficiency and financial performance. The FX10 is engineered for versatility and expandability and is designed to simplify the manufacturing workflow, resulting in reduced production times and lower expenses compared to conventional manufacturing approaches.
- In November 2023, Markforged Holding Corporation, a company dedicated to enhancing manufacturing resilience through on-demand industrial production, unveiled Vega, an exceptionally high-performance aerospace manufacturing filament compatible with Markforged’s FX20 printer.
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