According to the research report titled ‘Global 3D Printing Market 2022-2028’, available with MarketStudyReport, global 3D printing market is expected to accrue a valuation of USD 52,172 million by the end of 2028 achieving a CAGR of 19.7% during the forecast period.

Seamless development of customized products, decrease in production expense & process downtime, increasing government investments in 3D printing ventures, and advances in new industrial-grade 3D printing materials are determinants contributing to
the growth of global 3D printing market.

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Moreover, rising possibilities to enhance manufacturing operations and improve supply chain management, surge in demand for healthcare equipment due to the outbreak of COVID-19, and utilization of the solution in several applications are favoring the industry expansion.

The research scrutinizes the market situation based on the historical data from 2018 to 2021, together with a comprehensive overview of segments like offerings, applications, process, end-users, and regional panorama, to precisely evaluate the developmental pattern from 2022 to 2028.

Based on offering, the market is segmented into services, software, materials, and 3D printers. Among all, the 3D printers segment accounted for a remarkable valuation in 2021 and is expected to grow significantly through 2028.

In terms of processes, worldwide 3D printing industry consists of VAT photopolymerization, powder bed fusion, material extrusion, jetting, direct energy deposition, and others. The material extrusion sector retained a substantial market share in the previous year.

Speaking of application scope, the business sphere comprises prototyping, patterns, models, and functional parts. Among these, the functional parts segment contributed a considerable revenue share in 2021.

The market classification concerning end-users consists of personal uses, aerospace & defense, automotive, consumer goods, healthcare, and others. Regionally, the industry trends are studied across North America, Europe, and Asia Pacific.

Moving on to the competitive landscape, the documentation evaluates the profiles of leading organizations in global 3D printing industry including XYZprinting, Inc., Ultimaker B.V., Stratasys Ltd., Proto Labs, Inc., Materialise N.V., Hoganas AB, Formlabs, Inc., Desktop Metal, Inc., ARC Group Worldwide, Inc., voxeljet AG, The Hewlett-Packard Company, SLM Solutions Group AG, Optomec, Inc., Koninklijke DSM N.V., GE Additive, EOS GmbH (Electro Optical Systems), Beijing Tiertime Technology Co., Ltd., and 3D Systems Corporation among others.