3D Printing Market Will Reach $41 Billion by 2026

Acumen Research and Consulting has released a new report that forecasts the global 3D printing market to reach $41 billion by 2026. This projection showcases a 20% CAGR (compound annual growth rate) which is considerably high for just a six-year period. These numbers should act as not only reassurance but reinforce any claims made my industry professionals about the rapid expansion of 3D printing technology. It’s quite exciting to hear that the 3D printing market will reach $41 billion by 2026

“According to the report, North America makes up the largest portion of the 3D printing market by region. This is driven in part by the adoption of the medical, surgical, and prosthetic industries. Bio-compatible polymers and metals allow healthcare professionals to create custom implants, tools, and bionic limbs which improves outcomes for a wide range of patients. The automotive industry is another big player pushing AM innovation, with 3D printing prototypes, manufacturing aids, and end-use parts for cars. Consumer goods, aerospace, and defense make up significant pieces of the pie as well.

The services segment accounts for the most sales in the global market. Many SMEs (small to medium enterprises) can’t afford to buy a high-end industrial 3D printer but can still benefit from the technology by using a 3D printing service. For similar reasons, FDM is still the most popular 3D printing technology. Not only does its accessibility make it popular, so does its ability to scale in size. Materials performance also catches the eye. The largest 3D printers are FDM, and the strongest 3D printable polymers (PEEK, PEKK, ULTEM) can all be processed on FDM machines.

The report also covers recent mergers and acquisitions in the market as well as relevant business developments. An couple examples being: the expansion of Essentium’s High-Speed Extrusion system, the development of a construction 3D printer to combat the housing crises, and a huge 3D printer with which the largest 3D printed boat in the world was created.”

Though we see great success and innovation, there are a couple areas that remain untouched. 3D printing underwater and 3D printed electronics remain an industry challenge.

“The numbers we’re seeing in these market reports indicate that we’re currently in a tipping point, where most of the big companies have already adopted AM in some way, new entrants are already using AM, and only a few stragglers are stubbornly refusing to get with the times. And few investors will shy away from a six-year CAGR of 20%.”

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