Product Code: A14783
The rapid prototyping market size was valued at $2.4 billion in 2021, and is projected to reach $14.9 billion by 2031, registering a CAGR of 20.4%. Rapid prototyping is a quick way of fabrication of a physical part, model, or assembly using 3D computer aided design (CAD). It creates product simulations for testing and validation during the product development process, with multiple iterations generated during a short period on the basis of user feedback and analysis. The creation of the part, model, or assembly is usually completed using additive manufacturing, more commonly known as 3D printing. However, other technologies used for rapid prototyping include high-speed machining, casting, molding, and extruding.
The scope of the report discusses the potential opportunities for the key players to enter the rapid prototyping market. Furthermore, it provides an in-depth analysis of the market, outlining current trends, key driving factors, and key areas of investment. The report includes Porter's five forces analysis to understand the competitive scenario of the industry and role of each stakeholder in the value chain. Moreover, it features the strategies adopted by key market players to maintain their foothold in the market.
The rapid prototyping market is segmented on the basis of material, technology, end user industry and region. On the basis of material, it is segmented into thermoplastics, metals & alloys, ceramics, and others. By technology, the market is classified into stereolithography (SLA), selective laser sintering (SLS), digital light processing (DLP), fused deposition modeling (FDM), and others. By end-user industry, the market is categorized into aerospace & defense, healthcare, manufacturing & construction, consumer goods & electronics, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key factors driving the growth of the rapid prototyping market include the rise in demand for customization of products to gain competitive edge and surge in adoption of multiple materials for prototyping. On the other hand, the high costs related to rapid prototyping, alongwith the requirement for skilled professionals acts as a restraint on the market. Meanwhile, the increase in adoption of rapid prototyping in digital manufacturing is an opportunity during the forecast period.
The key players operating in the rapid prototyping market are: 3D Systems, Inc., 3DFortify, Inc., Arcam AB (General Electric), Carbon 3D, Desktop Metal, Inc., ExOne Company, Hoganas AB, Markforged, Optomec, Inc. and Stratasys, Ltd. These key players adopt several strategies such as new product launch and development, acquisition, partnership and collaboration and business expansion to increase their market share in the global rapid prototyping market during the forecast period.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the rapid prototyping market analysis from 2021 to 2031 to identify the prevailing rapid prototyping market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the rapid prototyping market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global rapid prototyping market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Material
- Thermoplastics
- Metals and Alloys
- Ceramics
- Others
By Technology
- Stereolithography (SLA)
- Selective Laser Sintering (SLS)
- Digital Light Processing (DLP)
- Fused Deposition Modeling (FDM)
- Others
By End User Industry
- Aerospace and Defense
- Healthcare
- Manufacturing and Construction
- Consumer Goods and Electronics
- Others
By Region
- North America
- Europe
- UK
- Germany
- France
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players:
- Carbon 3D
- Hoganas AB
- Optomec, Inc.
- Markforged
- Desktop Metal, Inc.
- Stratasys, Ltd.
- 3D Systems, Inc.
- 3DFortify, Inc.
- ExOne Company
- Arcam AB (General Electric)
TABLE OF CONTENTS
CHAPTER 1: INTRODUCTION
- 1.1. Report description
- 1.2. Key market segments
- 1.3. Key benefits to the stakeholders
- 1.4. Research Methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
- 3.1. Market definition and scope
- 3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
- 3.3. Porter's five forces analysis
- 3.3.1. Bargaining power of suppliers
- 3.3.2. Bargaining power of buyers
- 3.3.3. Threat of substitutes
- 3.3.4. Threat of new entrants
- 3.3.5. Intensity of rivalry
- 3.4. Market dynamics
- 3.4.1. Drivers
- 3.4.1.1. Rise in demand for customization of products to gain competitive edge
- 3.4.1.2. Surge in adoption of multiple materials for prototyping
- 3.4.2. Restraints
- 3.4.2.1. High cost related to rapid prototyping, along with requirement for skilled professionals
- 3.4.3. Opportunities
- 3.4.3.1. Increase in adoption of rapid prototyping in digital manufacturing augments rapid prototyping market progress
- 3.5. COVID-19 Impact Analysis on the market
CHAPTER 4: RAPID PROTOTYPING MARKET, BY MATERIAL
- 4.1. Overview
- 4.1.1. Market size and forecast
- 4.2. Thermoplastics
- 4.2.1. Key market trends, growth factors and opportunities
- 4.2.2. Market size and forecast, by region
- 4.2.3. Market share analysis by country
- 4.3. Metals and Alloys
- 4.3.1. Key market trends, growth factors and opportunities
- 4.3.2. Market size and forecast, by region
- 4.3.3. Market share analysis by country
- 4.4. Ceramics
- 4.4.1. Key market trends, growth factors and opportunities
- 4.4.2. Market size and forecast, by region
- 4.4.3. Market share analysis by country
- 4.5. Others
- 4.5.1. Key market trends, growth factors and opportunities
- 4.5.2. Market size and forecast, by region
- 4.5.3. Market share analysis by country
CHAPTER 5: RAPID PROTOTYPING MARKET, BY TECHNOLOGY
- 5.1. Overview
- 5.1.1. Market size and forecast
- 5.2. Stereolithography (SLA)
- 5.2.1. Key market trends, growth factors and opportunities
- 5.2.2. Market size and forecast, by region
- 5.2.3. Market share analysis by country
- 5.3. Selective Laser Sintering (SLS)
- 5.3.1. Key market trends, growth factors and opportunities
- 5.3.2. Market size and forecast, by region
- 5.3.3. Market share analysis by country
- 5.4. Digital Light Processing (DLP)
- 5.4.1. Key market trends, growth factors and opportunities
- 5.4.2. Market size and forecast, by region
- 5.4.3. Market share analysis by country
- 5.5. Fused Deposition Modeling (FDM)
- 5.5.1. Key market trends, growth factors and opportunities
- 5.5.2. Market size and forecast, by region
- 5.5.3. Market share analysis by country
- 5.6. Others
- 5.6.1. Key market trends, growth factors and opportunities
- 5.6.2. Market size and forecast, by region
- 5.6.3. Market share analysis by country
CHAPTER 6: RAPID PROTOTYPING MARKET, BY END USER INDUSTRY
- 6.1. Overview
- 6.1.1. Market size and forecast
- 6.2. Aerospace and Defense
- 6.2.1. Key market trends, growth factors and opportunities
- 6.2.2. Market size and forecast, by region
- 6.2.3. Market share analysis by country
- 6.3. Healthcare
- 6.3.1. Key market trends, growth factors and opportunities
- 6.3.2. Market size and forecast, by region
- 6.3.3. Market share analysis by country
- 6.4. Manufacturing and Construction
- 6.4.1. Key market trends, growth factors and opportunities
- 6.4.2. Market size and forecast, by region
- 6.4.3. Market share analysis by country
- 6.5. Consumer Goods and Electronics
- 6.5.1. Key market trends, growth factors and opportunities
- 6.5.2. Market size and forecast, by region
- 6.5.3. Market share analysis by country
- 6.6. Others
- 6.6.1. Key market trends, growth factors and opportunities
- 6.6.2. Market size and forecast, by region
- 6.6.3. Market share analysis by country
CHAPTER 7: RAPID PROTOTYPING MARKET, BY REGION
- 7.1. Overview
- 7.1.1. Market size and forecast By Region
- 7.2. North America
- 7.2.1. Key trends and opportunities
- 7.2.2. Market size and forecast, by Material
- 7.2.3. Market size and forecast, by Technology
- 7.2.4. Market size and forecast, by End User Industry
- 7.2.5. Market size and forecast, by country
- 7.2.5.1. U.S.
- 7.2.5.1.1. Key market trends, growth factors and opportunities
- 7.2.5.1.2. Market size and forecast, by Material
- 7.2.5.1.3. Market size and forecast, by Technology
- 7.2.5.1.4. Market size and forecast, by End User Industry
- 7.2.5.2. Canada
- 7.2.5.2.1. Key market trends, growth factors and opportunities
- 7.2.5.2.2. Market size and forecast, by Material
- 7.2.5.2.3. Market size and forecast, by Technology
- 7.2.5.2.4. Market size and forecast, by End User Industry
- 7.2.5.3. Mexico
- 7.2.5.3.1. Key market trends, growth factors and opportunities
- 7.2.5.3.2. Market size and forecast, by Material
- 7.2.5.3.3. Market size and forecast, by Technology
- 7.2.5.3.4. Market size and forecast, by End User Industry
- 7.3. Europe
- 7.3.1. Key trends and opportunities
- 7.3.2. Market size and forecast, by Material
- 7.3.3. Market size and forecast, by Technology
- 7.3.4. Market size and forecast, by End User Industry
- 7.3.5. Market size and forecast, by country
- 7.3.5.1. UK
- 7.3.5.1.1. Key market trends, growth factors and opportunities
- 7.3.5.1.2. Market size and forecast, by Material
- 7.3.5.1.3. Market size and forecast, by Technology
- 7.3.5.1.4. Market size and forecast, by End User Industry
- 7.3.5.2. Germany
- 7.3.5.2.1. Key market trends, growth factors and opportunities
- 7.3.5.2.2. Market size and forecast, by Material
- 7.3.5.2.3. Market size and forecast, by Technology
- 7.3.5.2.4. Market size and forecast, by End User Industry
- 7.3.5.3. France
- 7.3.5.3.1. Key market trends, growth factors and opportunities
- 7.3.5.3.2. Market size and forecast, by Material
- 7.3.5.3.3. Market size and forecast, by Technology
- 7.3.5.3.4. Market size and forecast, by End User Industry
- 7.3.5.4. Rest of Europe
- 7.3.5.4.1. Key market trends, growth factors and opportunities
- 7.3.5.4.2. Market size and forecast, by Material
- 7.3.5.4.3. Market size and forecast, by Technology
- 7.3.5.4.4. Market size and forecast, by End User Industry
- 7.4. Asia-Pacific
- 7.4.1. Key trends and opportunities
- 7.4.2. Market size and forecast, by Material
- 7.4.3. Market size and forecast, by Technology
- 7.4.4. Market size and forecast, by End User Industry
- 7.4.5. Market size and forecast, by country
- 7.4.5.1. China
- 7.4.5.1.1. Key market trends, growth factors and opportunities
- 7.4.5.1.2. Market size and forecast, by Material
- 7.4.5.1.3. Market size and forecast, by Technology
- 7.4.5.1.4. Market size and forecast, by End User Industry
- 7.4.5.2. Japan
- 7.4.5.2.1. Key market trends, growth factors and opportunities
- 7.4.5.2.2. Market size and forecast, by Material
- 7.4.5.2.3. Market size and forecast, by Technology
- 7.4.5.2.4. Market size and forecast, by End User Industry
- 7.4.5.3. India
- 7.4.5.3.1. Key market trends, growth factors and opportunities
- 7.4.5.3.2. Market size and forecast, by Material
- 7.4.5.3.3. Market size and forecast, by Technology
- 7.4.5.3.4. Market size and forecast, by End User Industry
- 7.4.5.4. Australia
- 7.4.5.4.1. Key market trends, growth factors and opportunities
- 7.4.5.4.2. Market size and forecast, by Material
- 7.4.5.4.3. Market size and forecast, by Technology
- 7.4.5.4.4. Market size and forecast, by End User Industry
- 7.4.5.5. Rest of Asia-Pacific
- 7.4.5.5.1. Key market trends, growth factors and opportunities
- 7.4.5.5.2. Market size and forecast, by Material
- 7.4.5.5.3. Market size and forecast, by Technology
- 7.4.5.5.4. Market size and forecast, by End User Industry
- 7.5. LAMEA
- 7.5.1. Key trends and opportunities
- 7.5.2. Market size and forecast, by Material
- 7.5.3. Market size and forecast, by Technology
- 7.5.4. Market size and forecast, by End User Industry
- 7.5.5. Market size and forecast, by country
- 7.5.5.1. Latin America
- 7.5.5.1.1. Key market trends, growth factors and opportunities
- 7.5.5.1.2. Market size and forecast, by Material
- 7.5.5.1.3. Market size and forecast, by Technology
- 7.5.5.1.4. Market size and forecast, by End User Industry
- 7.5.5.2. Middle East
- 7.5.5.2.1. Key market trends, growth factors and opportunities
- 7.5.5.2.2. Market size and forecast, by Material
- 7.5.5.2.3. Market size and forecast, by Technology
- 7.5.5.2.4. Market size and forecast, by End User Industry
- 7.5.5.3. Africa
- 7.5.5.3.1. Key market trends, growth factors and opportunities
- 7.5.5.3.2. Market size and forecast, by Material
- 7.5.5.3.3. Market size and forecast, by Technology
- 7.5.5.3.4. Market size and forecast, by End User Industry
CHAPTER 8: COMPETITIVE LANDSCAPE
- 8.1. Introduction
- 8.2. Top winning strategies
- 8.3. Product Mapping of Top 10 Player
- 8.4. Competitive Dashboard
- 8.5. Competitive Heatmap
- 8.6. Top player positioning, 2021
CHAPTER 9: COMPANY PROFILES
- 9.1. 3D Systems, Inc.
- 9.1.1. Company overview
- 9.1.2. Key Executives
- 9.1.3. Company snapshot
- 9.1.4. Operating business segments
- 9.1.5. Product portfolio
- 9.1.6. Business performance
- 9.1.7. Key strategic moves and developments
- 9.2. 3DFortify, Inc.
- 9.2.1. Company overview
- 9.2.2. Key Executives
- 9.2.3. Company snapshot
- 9.2.4. Operating business segments
- 9.2.5. Product portfolio
- 9.3. Arcam AB (General Electric)
- 9.3.1. Company overview
- 9.3.2. Key Executives
- 9.3.3. Company snapshot
- 9.3.4. Operating business segments
- 9.3.5. Product portfolio
- 9.3.6. Business performance
- 9.3.7. Key strategic moves and developments
- 9.4. Carbon 3D
- 9.4.1. Company overview
- 9.4.2. Key Executives
- 9.4.3. Company snapshot
- 9.4.4. Operating business segments
- 9.4.5. Product portfolio
- 9.5. Desktop Metal, Inc.
- 9.5.1. Company overview
- 9.5.2. Key Executives
- 9.5.3. Company snapshot
- 9.5.4. Operating business segments
- 9.5.5. Product portfolio
- 9.5.6. Business performance
- 9.5.7. Key strategic moves and developments
- 9.6. ExOne Company
- 9.6.1. Company overview
- 9.6.2. Key Executives
- 9.6.3. Company snapshot
- 9.6.4. Operating business segments
- 9.6.5. Product portfolio
- 9.6.6. Business performance
- 9.7. Hoganas AB
- 9.7.1. Company overview
- 9.7.2. Key Executives
- 9.7.3. Company snapshot
- 9.7.4. Operating business segments
- 9.7.5. Product portfolio
- 9.8. Markforged
- 9.8.1. Company overview
- 9.8.2. Key Executives
- 9.8.3. Company snapshot
- 9.8.4. Operating business segments
- 9.8.5. Product portfolio
- 9.8.6. Business performance
- 9.9. Optomec, Inc.
- 9.9.1. Company overview
- 9.9.2. Key Executives
- 9.9.3. Company snapshot
- 9.9.4. Operating business segments
- 9.9.5. Product portfolio
- 9.10. Stratasys, Ltd.
- 9.10.1. Company overview
- 9.10.2. Key Executives
- 9.10.3. Company snapshot
- 9.10.4. Operating business segments
- 9.10.5. Product portfolio
- 9.10.6. Business performance