Automated 3D Printing Market to Grow with a CAGR of 25.19% through 2028
Growing demand for mass production & rapid
prototyping using 3D printing technology and technological advancements are
likely to drive the Market in the forecast period.
According to TechSci Research report, “Automated 3D
Printing Market – Global Industry Size, Share, Trends, Competition
Forecast & Opportunities, 2028”, the Global Automated 3D Printing Market
is experiencing a surge in demand in the forecast period. One of the primary
drivers of the global Automated 3D Printing market is the continuous stream of
technological advancements and the integration of 3D printing into the broader
framework of Industry 4.0. Automated 3D printing has evolved significantly,
moving beyond its origins as a prototyping tool to becoming a pivotal component
of advanced manufacturing processes. The integration of Industry 4.0
principles, such as the Internet of Things (IoT), big data analytics, and
artificial intelligence (AI), has enabled the development of smart,
interconnected 3D printing systems. These systems are capable of
self-monitoring, self-optimizing, and real-time adaptation, ensuring a higher
degree of efficiency and quality in the printing process. These advancements
have resulted in several benefits for businesses, including increased
production speed, reduced waste, and the ability to produce complex geometries
and customized parts with ease. Moreover, the automation of post-processing
tasks, like support removal and surface finishing, further enhances the
efficiency and appeal of automated 3D printing for various industries, from
aerospace to healthcare. This driver propels the adoption of automated 3D
printing technology, making it an indispensable tool for companies aiming to
stay competitive in the evolving landscape of advanced manufacturing.
The pursuit of
cost reduction and production efficiency is another critical driver fueling the
global Automated 3D Printing market. Traditional manufacturing processes often
involve high labor costs, long lead times, and significant material waste.
Automated 3D printing presents a compelling alternative, as it streamlines
production, reduces operational costs, and minimizes resource consumption. Automation in 3D printing diminishes the need
for manual intervention at various stages of the printing process. This
minimizes human error, increases productivity, and reduces labor expenses,
particularly in industries where precision and consistency are paramount. Additionally,
automated 3D printing optimizes material usage, as it only requires the exact
amount of material necessary for the product, reducing waste and costs
associated with raw materials. Furthermore, the technology's capacity to
consolidate complex assemblies into a single, printed component reduces the
need for additional parts and fasteners, reducing costs and simplifying supply
chains.
Industries that
implement automated 3D printing solutions can benefit from shorter lead times,
reduced manufacturing expenses, and lower waste generation. This driver not
only enhances economic competitiveness but also contributes to the adoption of
sustainable manufacturing practices, aligning with the global shift toward
environmentally responsible production methods.
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The Global Automated 3D Printing Market is segmented
into offering, process, end user and region. Based on offering, The Hardware segment held the
largest Market share in 2022. Hardware is the foundational element of any 3D
printing setup. It includes the physical 3D printers, robotic arms, automation
systems, and other equipment used to build three-dimensional objects. Without
advanced and reliable hardware, the entire automated 3D printing process would
not be possible. As a result, the hardware segment serves as the cornerstone of
the industry. The 3D printing hardware
segment has witnessed continuous technological advancements. Manufacturers
compete to develop and offer more efficient, precise, and cost-effective 3D
printers. These technological innovations have expanded the capabilities of 3D
printing, making it more attractive for a wide range of industries. Automated
3D printing hardware caters to a wide range of applications across industries
such as aerospace, automotive, healthcare, consumer goods, and more. Its
versatility and adaptability make it a crucial component for various
businesses, enabling the production of customized parts, prototypes, tooling,
and even end-use products. Many industries are increasingly adopting automated
3D printing for production and prototyping. The demand for advanced hardware is
consistently high as businesses seek reliable and high-performance 3D printers
to meet their specific manufacturing needs. Industries like aerospace and
healthcare, which have stringent quality and precision requirements, heavily
rely on advanced hardware for 3D printing. The hardware segment is highly competitive,
with numerous manufacturers and models available. This competition drives
innovation and product development, resulting in a broader selection of 3D
printers with varying capabilities and price points. This diversity in hardware
options allows companies to choose the equipment that best aligns with their
specific requirements.
Based on process, The Automated Production segment
held the largest Market share in 2022. Automated production in 3D printing is
highly scalable, making it suitable for large-scale manufacturing. It allows
companies to produce a significant volume of parts or products with minimal
human intervention. The efficiency of automated 3D printing production lines
significantly reduces production time, labor costs, and the potential for
errors, making it an attractive option for industries that demand high throughput. Automated production processes in 3D printing
provide a high level of consistency and quality control. These systems can
continuously monitor and adjust printing parameters, ensuring that each part is
produced to exact specifications. In industries where precision and quality are
critical, such as aerospace and healthcare, the reliability of automated
production is a significant advantage. Automation reduces the need for manual
labor in the 3D printing process. Labor costs can be a significant factor in
manufacturing expenses, and by automating production, businesses can lower
these costs. This is particularly important in competitive industries seeking
cost-effective production solutions. Automated production systems are capable
of running 24/7 without the need for rest or breaks, ensuring uninterrupted
manufacturing processes. This capability is especially beneficial for
industries that require constant production, reducing downtime and increasing
overall output. Automated 3D printing
production is also advantageous in rapid prototyping and iterative design. It
enables companies to quickly test and modify designs, which is valuable in
industries like product development and automotive engineering. Automated
production is versatile, allowing for both customization and mass production.
Companies can produce customized, one-of-a-kind products as easily as they can
create large quantities of identical items. This versatility is particularly
valuable in industries like healthcare, where personalized medical devices are
in demand. The COVID-19 pandemic highlighted the importance of resilient supply
chains. Automated production can enhance supply chain resilience by reducing
dependence on geographically dispersed manufacturing facilities. It allows for
localized or on-demand production, which can mitigate supply chain disruptions.
By automating the 3D printing process, businesses can minimize material waste
and energy consumption. This not only contributes to cost savings but also
aligns with sustainability goals. Reducing waste is a priority for
environmentally conscious companies.
Major companies operating in the Global Automated
3D Printing Market are:
- HP Inc.
- 3D Systems
Corporation
- Stratasys
Ltd.
- Markforged
- EOS GmbH
Electro Optical Systems
- Renishaw
plc
- Velo3D
Inc.
- Xact
Metal, Inc.
- SLM
Solutions Group AG
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“The Global Automated 3D Printing Market is expected
to rise in the upcoming years and register a significant CAGR during the
forecast period. the
global automated 3D printing market is expected to witness significant growth
during the forecast period, driven by the increasing adoption of 3D printing
technology across a wide range of industries, the growing demand for mass
production and rapid prototyping using 3D printing technology, and the
technological advancements in automated 3D printing technology. Also, North
America is expected to remain the largest market for automated 3D printing
throughout the forecast period, owing to the early adoption of 3D printing
technology in the region. The Asia Pacific region is expected to witness the
fastest growth in the automated 3D printing market during the forecast period,
due to the increasing investments in manufacturing and infrastructure
development in the region. Therefore, the Market of Automated 3D Printing is
expected to boost in the upcoming years.,” said Mr. Karan Chechi, Research
Director with TechSci Research, a research-based management consulting firm.
“Automated 3D Printing Market - Global
Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By
Offering (Hardware, Software, Services), By Process (Automated Production,
Material Handling, Part Handling, Post-Processing, Multiprocessing), By End
User (Industrial Manufacturing, Automotive, Aerospace and Defense, Consumer
Products, Healthcare, Energy), By Region, By Competition”, has evaluated
the future growth potential of Global Automated 3D Printing Market and provides
statistics & information on Market size, structure and future Market
growth. The report intends to provide cutting-edge Market intelligence and help
decision-makers make sound investment decisions., The report also identifies
and analyzes the emerging trends along with essential drivers, challenges, and
opportunities in the Global Automated 3D Printing Market.
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