Fused Deposition Modeling 3D Printing Market to Attain USD 12.39 Bn by 2033

26 Nov 2024

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Table of Content

1. Fused Deposition Modeling 3D Printing Market Revenue and Trends 2. Market Overview 3. Report Highlights of the Fused Deposition Modeling 3D Printing Market 4. Fused Deposition Modeling 3D Printing Market Trends 5. Regional Snapshot 6. Fused Deposition Modeling 3D Printing Market Coverage 7. Market News

Fused Deposition Modeling 3D Printing Market Revenue and Trends

The fused deposition modeling 3D printing market revenue is predicted to attain around USD 12.39 billion by 2033 from USD 12.39 billion in 2024, with a CAGR of 21.83%. The increasing demand for fused deposition modeling from a wide range of industries, such as automotive, consumer electronics, aerospace and defense, healthcare, and others, is driving the market's growth.

Market Overview

Fused deposition modeling (FDM), also known as Fused Filament Fabrication (FFF), is a common type of 3D printing technique. The FDM process starts with computer-aided design (CAD) files converted into a format that a 3D printer can translate. It can be used with different materials, including polymers or other types of plastics.

Report Highlights of the Fused Deposition Modeling 3D Printing Market

• By printer type, the industrial 3D printer segment dominated the market in 2023. Industrial printing is being implemented in a wide range of industries, such as automotive, consumer electronics, consumer goods, and others, to prototype the final product before its final development.
• By printer type, the desktop 3D printer segment expects considerable growth in the market during the forecast period. Desktop 3D printers are heavily adopted by the healthcare and medical fields for creating implants and dental accessories like teeth aligners.
• By application, the prototyping segment led the market in 2023. The use of FDM 3D printing helps in making the proper decision regarding the prototyping of a product and creating multiple iterations of the product.
• By application, the tooling segment expects significant growth in the market during the forecast period. FDM 3D printing tooling is used in the manufacturing of tools, templates, fixtures, molds, dies, and other equipment.
• By end-use, the automotive segment accounted for the largest fused deposition modeling 3D printing market share in 2023. There is a rising demand for FDM 3D printing for manufacturing automotive parts prototypes and testing their effectiveness before the start of the production process.
• By end-use, the healthcare segment expects significant growth in the market during the forecast period. The increasing implementation of the used deposition modeling 3D printing in healthcare for making 3D printed prosthetics, patient-centric medical devices, and implants.

Fused Deposition Modeling 3D Printing Market Trends

Rising demand for sustainability in manufacturing:

The increasing demand for eco-friendly alternatives to traditional manufacturing solutions, which helps reduce waste, minimize human interference, enhance automation, and reduce the cost of operations, boosts the market's growth.

Demand from the Industries:

Increasing economic stability and the rise in population are driving demand for industrialization, which drives the demand for 3D printing technology to create and prototype the exact product before it goes to the production line.

Customization in product:

The increasing demand for product customization and the rise in on-demand production are influencing the growth of the fused deposition modeling 3D printing market.

Government interventions:

The increasing government interventions in developing the industries or manufacturing and automation in the manufacturing sector contribute to expanding the fused deposition modeling 3D printing market.

Regional Snapshot

North America dominated the fused deposition modeling 3D printing market in 2023. The increasing industrialization and the rising demand for technologies and innovations drive the market's growth. The expanding manufacturing industries across regional countries like the United States and Canada are accelerating the demand for 3D printing technology for designing and prototyping products and testing their working capabilities by testing it before they go to the production line. The rising government interventions in developing eco-friendly solutions for minimizing industrial waste are accelerating the growth of the region's market.

Asia Pacific expects the fastest growth in the market during the forecast period. The growth of the market is attributed to the rising manufacturing industries, and the economic growth in the countries is contributing to the expansion of industrialization and technological advancements. The increasing demand for sectors such as consumer goods, electronics, automotive, healthcare, and others contributes to the region's fused deposition modeling 3D printing market.

Fused Deposition Modeling 3D Printing Market Coverage

Market News

• In July 2024, Sygnis, the Polish company specializing in high-tech equipment, collaborated with Dam Mickiewicz University to introduce the university’s exclusive technique of filament modification for fused deposition modeling. 
• In November 2023, Stratasys Ltd. (SSYS) launched the new F3300 Fused Deposition Modeling (FDM) 3D printer at the Frankfurt, Germany conference. The launch is offered to unbeatable manufacturing customers with enhanced uptime, reduced labor, and increased yield quality. 

Market Segmentation

By Printer Type

• Desktop FDM 3D Printer
• Industrial FDM 3D Printer

By Application

• Prototyping
• Tooling
• Functional Parts

By End-use

• Automotive
• Aerospace & Defense
• Healthcare
• Consumer Electronics
• Industrial Machines
• Others

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