3D printing is back and ready for a global surge

According to a new report from Lux Research, the industry is significantly disrupting traditional manufacturing as 3D printers become more affordable and 3D printing is used more than prototypes and one-off parts. There is a possibility.

The company’s new “Will 3D printing replace traditional manufacturing?The report suggests that the overall 3D printing market will reach $ 51 billion in 2030, primarily due to the growth of production parts. The report also highlights the size and growth of the 3D printing market with applications and materials.

Lux Research’s research director and lead author of the report, Anthony Schiavo, provided further insight into how 3D printing could upset the current manufacturing environment in a press release.

“3D printing will be key to future manufacturing environments, thanks to the benefits of being able to take over injection molding, machining, casting, or other traditional methods. These benefits are customization and personalization. , The ability to create complex shapes, the integration of parts, and in some cases the cost can be reduced. “

3D printed parts

The value of 3D-printed parts can grow at a compound annual growth rate (CAGR) of 15% over the next decade, from $ 12 billion in 2020 to $ 51 billion in 2030, according to a Lux Research report. understood.

According to Schiavo, the largest share of this growth is only 23% of the market today, but by 2030 it will be a final use component with a 38% share. The industry with the largest share of these end-use components includes the medical and dental industry, which will reach $ 4.5 billion in 2030, followed by $ 3.9 billion in aerospace.

At the same time, as 3D printing for the manufacturing industry matures, so does the strategy. Vertical integration is important today, but horizontal specialists will be able to make more money in the future. However, 3D printing as a manufacturing technology is relatively immature, so a well-integrated ecosystem is a requirement for competitiveness.