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3D Printing Composite Filament Printer Market, By Filament Type (Glass Fiber, Carbon Fiber, and Othe

Published Date: April 2021 | Report Code : EQ2168978

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3D Printing Composite Filament Printer Market, By Filament Type (Glass Fiber, Carbon Fiber, and Others), By End-use Industry (Healthcare, Transportation, Consumer Products, Aerospace & Defence, and Others), and By Region (North America, Europe, Asia Pacific, Middle East & Africa, and South America) - Market Size & Forecasting (2017 -2028)

COVID-19 Impact : Our team has been closely monitoring the current developments to identify the potential impact of COVID-19 on stakeholders and business processes across the value chain of industries. A special section about COVID-19 will be covered with the report to help companies in defining sustainable strategies.

Domain : Equipment

Report Code : EQ2168978

Status : Published April 2021

The Global 3D Printing Composite Filament Printer Market was estimated at USD XX.X million in 2020 and is projected to register a CAGR of 28.9%, reaching USD XX.X million by 2028. However, due to the COVID-19 impact, the market size estimation has come down to USD X,913.2 million in 2020 and is projected to register a CAGR of 27.1% to reach USD X,886.5 million by 2028. In terms of volume, the demand for 3D printing composite filament printer was 1902.0 thousand units in 2020 and is anticipated to reach XX thousand units by 2028, at a CAGR of XX.X% during the forecast period. Under

Composites typically comprise a reinforcing material and polymer material, which is like a chopped or continuous fiber. The composite material offers higher strength and stiffness compared to non-reinforced polymers. Such enhanced properties of composite material are good for tooling and end-use applications in a range of industries, such as automotive, aerospace, industrial, and oil & gas. There are chances of it replacing metals like aluminum as well.

In manufacturing applications, 3D printing materials are witnessing high growth across the globe. Various end-use industries have already adopted 3D printing for the mass production of components. Nowadays, products created using 3D printing technology include mobile cases, wing mirrors, toys, and healthcare and automotive components.

Challenges faced by 3D printing material manufacturers are mainly the lead time associated with materials, mostly metals. To manufacture the end metal product, 3D printing requires a substantial amount of time. This issue can be overcome by manufacturers, as they need to work on existing materials and technologies that are catering the 3D printing industry. Most manufacturers get restricted to the high lead time taken by the industry. Shifting to conventional manufacturing from additive manufacturing can restrict the adoption of 3D printing in major end-use industries. These end-use industries can be electrical and electronics, automotive, and defense.

3D Printing Composite Filament Printer Market FIGURE 1: GLOBAL 3D PRINTING COMPOSITE FILAMENT PRINTER MARKET

The 3D printing composite filament printer market has been segmented by filament type and end-use industry.

 3D Printing Composite Filament Printer Market fig 2

FIGURE 2: GLOBAL 3D PRINTING COMPOSITE FILAMENT PRINTER MARKET SEGMENTATION

Global 3D Printing Composite Filament Printer Market, By Filament Type

Based on the filament type, the market has been segmented into carbon fiber, glass fiber, and others. The carbon fiber segment was valued at USD X,701.3 million in 2020, and it is projected to grow at a CAGR of X0.3% during the forecast period, reaching USD X,170.2 million by 2028. However, due to the impact of COVID-19 on the market, the estimated value of the carbon fiber segment has come down to USD X,326.5 million in 2020 and is projected to register a CAGR of X8.6% during the forecast period to reach USD X,917.8 million by 2028. Increasing demand for carbon fiber materials in aerospace & defense applications is one of the key factors that will drive market growth of this segment during the forecast period

Global 3D Printing Composite Filament Printer Market, By End-use Industry

On the basis of end-use industry, the market is segmented into healthcare, transportation, consumer products, aerospace and defense, and others. The aerospace and defense segment were valued at USD XX.X million in 2020, and it is projected to grow at a CAGR of XX.X% during the forecast period, reaching USD XX.X million by 2028. However, due to the impact of COVID-19 on the market, the estimated value of the aerospace and defense segment has come down to USD XX.X million in 2020 and is projected to register a CAGR of XX.X% during the forecast period to reach USD X.X61.3 million by 2028.

In aerospace components, there has been increasing use of additive manufacturing for cost-effective solution. This is going to create demand for 3D printing composite filament printers. The parts designed by 3D printing technology are lighter, and there is a reduction of air drag that reduces the fuel cost. Owing to a rise in demand for safer designs that are robust, lighter, and stronger, the automotive industry is also expected witness a higher demand for 3D printing composite filament printers.

3D Printing Composite Filament Printer Market fig 3FIGURE 3: GLOBAL 3D PRINTING COMPOSITE FILAMENT PRINTER MARKET SNAPSHOT, 2020-2028

Global 3D Printing Composite Filament Printer Market, By Region

By region, the global market is segmented as North America, Europe, Asia Pacific, Middle East & Africa, and South America. The Asia Pacific market was valued at USD XX.X million in 2020, and it is projected to grow at a CAGR of XX.X% during the forecast period, reaching USD XX.X million by 2028. However, due to the impact of COVID-19 on the market, the estimated value of the Asia Pacific market has come down to USD XX.X million in 2020 and is projected to register a CAGR of XX.X% during the forecast period to reach USD XX.X million by 2028.

The Asia Pacific region is experiencing notable growth due to the rising adoption of 3D printing in healthcare, aerospace & defense, and automotive industries. Various initiatives taken by governments for promoting 3D printing are contributing towards the growth of the 3D printing composite filament printer market in this region. Furthermore, an increase in the number of passengers traveling by air and growing aerospace industry are expected to propel the demand for new aircraft and thereby, the demand for 3D printed components and 3D printed composite materials in the near future. All these factors are anticipated to promote the growth of the market in the region.

3D Printing Composite Filament Printer Market Fig 4FIGURE 4: GLOBAL 3D PRINTING COMPOSITE FILAMENT PRINTER MARKET (USD MILLION), PRE-COVID AND POST-COVID MARKET ESTIMATION AND FORECAST, 2020-2028

Some Recent Developments in the Global 3D Printing Composite Filament Printer Market:

  • In December 2020, Stratasys Ltd. announced the signing of an agreement to acquire Origin Inc., a 3D printing start-up, for a total amount of up to USD 100 million in cash and stock. The merger has allowed Stratasys to extend its leadership with innovation across a next-generation platform in the fast-growing mass production market.
  • In November 2019, Formlabs, a manufacturer of 3D printing solutions, acquired Spectra Group Photopolymers LLC, the company's primary supplier. One of Formlabs' first activities following the acquisition was to prepare Spectra for the manufacture of biocompatible polymers, with over a million dollars invested in an expansion of the company's R&D facilities.
  • In August 2018, the medical technology company Stryker agreed to acquire Virginia medical device manufacturer K2M. Both firms use 3D printing technology to create spinal implants. K2M will become a wholly owned Stryker subsidiary with USD 27.50 per share for the purchase, creating a USD 1.4 billion overall value.
  • In February 2015, 3D Systems completed the acquisition of all of Cimatron Ltd.'s stock for approximately USD 97 million, including Cimatron's net assets. By allowing a seamless digital workflow between design and conventional and additive manufacturing processes, the introduction of Cimatron's software products into the company's portfolio has enhanced 3D systems' leadership role in 3D-printing-centric advanced manufacturing.

What does This Report Provide?

This report provides a detailed understanding of the global 3D printing composite filament printer demand from a qualitative and quantitative perspective with a forecast for the next 10 years. The report also provides dynamic indicators with potential impact on the market during the forecast period and an in-depth analysis of the leading companies operating in the global market. The major market drivers, challenges, restraints, and opportunities for the global 3D printing composite filament printer market have also been covered in the report.

This report further includes the market shares of the leading companies operating in the 3D printing composite filament printer market, distribution channel analysis, supply chain analysis along with the growth strategies adopted by them. An in-depth pricing analysis, patent analysis has been covered in the report. Apart from these, how COVID-19 pandemic has affected the global market for 3D printing composite filament printers is also covered in this study, both in terms of qualitative and quantitative analysis.

Market Segmentation:

By Filament Type:

  • Glass Fiber
  • Carbon Fiber
  • Others

By End-use Industry:

  • Healthcare
  • Transportation
  • Consumer Products
  • Aerospace & Defense
  • Others

By Region:

North America 3D Printing Composite Filament Printer Market

  • North America Aerospace Composites Market, by Country
    • US
    • Canada
    • Mexico
  • North America 3D Printing Composite Filament Printer Market, by Filament Type
  • North America 3D Printing Composite Filament Printer Market, by End-Use Industry

 Europe 3D Printing Composite Filament Printer Market

  • Europe 3D Printing Composite Filament Printer Market, by Country
    • Germany
    • Russia
    • UK
    • France
    • Italy
    • Spain
    • The Netherlands
    • Rest of Europe 
  • Europe 3D Printing Composite Filament Printer Market, by Filament Type
  • Europe 3D Printing Composite Filament Printer Market, by End-Use Industry

 Asia Pacific 3D Printing Composite Filament Printer Market

  • Asia Pacific 3D Printing Composite Filament Printer Market, by Country
    • China
    • India
    • Japan
    • South Korea
    • Australia
    • Indonesia
    • Rest of Asia Pacific 
  • Asia Pacific 3D Printing Composite Filament Printer Market, by Filament Type
  • Asia Pacific 3D Printing Composite Filament Printer Market, by End-Use Industry

Middle East & Africa 3D Printing Composite Filament Printer Market

  • Middle East & Africa 3D Printing Composite Filament Printer Market, by Country 
    • UAE
    • Saudi Arabia
    • Qatar
    • South Africa
    • Rest of Middle East & Africa
  • Middle East & Africa 3D Printing Composite Filament Printer Market, by Filament Type
  • Middle East & Africa 3D Printing Composite Filament Printer Market, by End-Use Industry

South America 3D Printing Composite Filament Printer Market

  • South America 3D Printing Composite Filament Printer Market, by Country 
    • Brazil
    • Argentina
    • Colombia
    • Rest of South America
  • South America 3D Printing Composite Filament Printer Market, by Filament Type
  • South America 3D Printing Composite Filament Printer Market, by End-use Industry

Major Companies: In this report, the following major companies are studied - 3D Systems Inc., Stratasys, Ltd., General Electric, Renishaw PLC., Markforged, Envisiontec Inc., TECHB, ANISOPRINT SARL, EOS, Leapfrog, SISMA S.p.A., Fracktal Works Pvt. Ltd., and CEAD B.V.

 Objectives of This Report:

  • To estimate the market size for the 3D printing composite filament printer market on a regional and global basis.
  • To identify major segments in the aerospace composites market and evaluate their market shares and demand.
  • To provide a competitive scenario for the 3D printing composite filament printer market with major developments observed by key companies in the historic years.
  • To evaluate key factors governing the dynamics of 3D printing composite filament printer market with their potential gravity during the forecast period.
  • To evaluate the leading company-wise pricing analysis for the mentioned applications.
  • COVID-19 impact on the global 3D printing composite filament printer market

Customization:

This study is customized to meet your specific requirements:

  • By sub-segment
  • By client-specific country analysis with market share analysis
  • Pricing analysis along with the potential and existing customer analysis
  • Product-specific competitive benchmarking and pricing analysis

For more information, contact: [email protected]

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