The Right Approach: Get Ready for ISO 9001 Version 6
Dan’s Biz Bookshelf: ‘Still Broke: Walmart’s Remarkable Transformation'
Driving Innovation: Depth Routing Processes—Achieving Unparalleled Precision in Complex PCBs
Worldwide Analysis on the 3D Printing Market, 2019 to 2024
March 20, 2019 | Globe NewswireEstimated reading time: 1 minute
The overall 3D printing market is expected to grow from $9.9 billion in 2018 to $34.8 billion by 2024 at a CAGR of 23.25%.
Ease in development of customized products, reduction in manufacturing cost and process downtime, government investments in 3D printing projects, and development of new industrial-grade 3D printing materials are the key factors driving the growth of this market. However, limited availability and the high cost of materials, limitation of product size, and lack of standard process control are likely to limit the market growth.
Prototyping to Hold the Largest Share of 3D Printing Market in 2018
Prototyping application accounts for the largest share of the 3D printing market. 3D printing helps produce prototypes and models from 3D computer-aided design (CAD). This helps several companies to reduce wastage during prototype transitions in traditional manufacturing and also helps them to bring down their operational costs. 3D printing also enables the quick production of cost-efficient prototypes based on the customers' requirements regarding the geometry of the structure, accuracy, and well-defined smoothness of the products used in any industry.
DMLS to Hold the Largest Share of 3D Printing Market in 2018
Direct metal laser sintering (DMLS) technology accounts for the largest share of the 3D printing market. This technology enables the creation of high-quality metal parts as it facilitates the construction of complex geometrics of metals, which makes it ideal for the manufacturing vertical. The parts developed through the DMLS-enabled 3D printing are durable and resistant to heat as it uses materials such as Inconel, aluminum, stainless steel, and titanium.
North America to Hold a Significant Share of 3D Printing Market by 2024
North America is expected to account for the largest share of the 3D printing market by 2024. In the US, 3D printing is used in the companies functional in the major industries, such as manufacturing, aerospace & defense, and healthcare, which is driving the 3D printing market in this region. The continuous technological advancements and financial support from the governments are also driving the market in North America.
Share on:
Testimonial
"Our marketing partnership with I-Connect007 is already delivering. Just a day after our press release went live, we received a direct inquiry about our updated products!"
Rachael Temple - AlltematedSuggested Items
U.S. CHIPS Act Funding Detailed on SIA Website
09/12/2025 | Nolan Johnson, I-Connect007The U.S. CHIPS Act has moved well into the implementation stage in 2025. But where has that money gone? The Semiconductor Industry Association has been tracking these projects and provides details on its website. It was updated May. Among the five key programs being managed under CHIPS, two stand out as influencing advanced electronic packaging: the National Advanced Packaging Manufacturing Program (NAPMP), and the CHIPS Manufacturing USA Institute (MFG USA).
Zhen Ding Drives AI-Powered Digital Transformation
09/12/2025 | Zhen DingDriven by the surging demand for computing power fueled by AI, the semiconductor and PCB industries are forging closer integration, expanding their ecosystems, and pursuing shared growth. PCB has already become another NT$ trillion-dollar industry in Taiwan, growing in tandem with the semiconductor sector.
Flex Named to TIME's World's Best Companies List for Third Consecutive Year
09/12/2025 | FlexFlex announced its inclusion on the TIME World's Best Companies 2025 list. This marks the third consecutive year the company was included in this prestigious ranking, which recognizes top-performing companies across the globe.
Secure Semiconductor Manufacturing Acquires Full SMT Line from Manncorp
09/11/2025 | ManncorpSecure Semiconductor Manufacturing, LLC (SSM), an American-owned company dedicated to producing secure printed wiring boards and advanced assembly solutions in the MidWest USA, today announced the acquisition of a complete surface mount technology (SMT) line from Manncorp.
GlobalLogic, Ericsson Deploy Private 5G Network at Hitachi Rail’s State-of-the-Art Digital Factory
09/11/2025 | BUSINESS WIREGlobalLogic Inc., a Hitachi Group company and leader in digital engineering, has designed and deployed a state-of-the-art 5G private network at Hitachi Rail’s most digitally advanced facility in Hagerstown, Maryland, USA.