Market Overview:
The global rapid prototyping equipment market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for rapid prototyping equipment from various end-use industries, such as automotive, aerospace & defense, home appliance, medical and others. In addition, the growing demand for 3D printing technology is also contributing to the growth of this market. However, high initial cost and lack of skilled labor are some of the major factors restraining the growth of this market.
Product Definition:
Rapid prototyping equipment is used to create prototypes quickly and easily. This type of equipment can be used to create physical or digital prototypes. The importance of rapid prototyping equipment is that it allows businesses and individuals to test out their ideas quickly and easily, without having to spend a lot of money on creating a final product.
Stereolithogrphy Apparatus (SLA):
Stereolithography (SLA) is an old technology used for 3D printing. It works by creating a digital file and then transferring it to a liquid resin bath where the object is formed under the influence of light. The process can produce high-quality objects with limited resources and time.
Three Dimension Printing (3DP):
3DP is a process of making three-dimensional objects using additive manufacturing technology. It uses digital files which are sent to the machine, and it builds the object in real-time. The 3D printing process can create complex parts with superior accuracy and high tolerance levels.
The major advantage of this technology is that it allows manufacturers to produce almost anything they need without having to build an actual physical prototype first.
Application Insights:
The automotive application segment led the global rapid prototyping equipment market in 2017. The growth can be attributed to increasing demand for low-cost and highly efficient prototypes from various automakers and suppliers. For instance, Ford Motor Company has been collaborating with 3D printing company, Material X LLC to develop new materials for manufacturing cars.
Rapid prototyping is widely used in the aerospace & defense industry as it helps manufacturers to meet customer requirements quickly and efficiently while reducing development costs. Moreover, it also helps them avoid delays caused during the production of physical prototypes that require extensive testing procedures before they are shipped to customers for final evaluation.
Regional Analysis:
The market in Asia Pacific is expected to grow at a significant rate over the forecast period owing to increasing demand for rapid prototyping equipment from various end-use industries, such as automotive and aerospace & defense. The growing manufacturing sector in countries, such as China and India, is also anticipated to drive the regional market growth.
In addition, favorable government initiatives are expected to boost the adoption of rapid prototyping machines across several emerging economies in this region. For instance, according to a white paper published by World Bank Group titled “Manufacturing 4.0†about how advanced manufacturing can help create sustainable economic growth across Asian economies including China and India., it states that “Rapid Prototyping (3D printing) plays an important role in Manufacturing 4.0 strategy because it allows designers/Engineers prototype new products with ease and efficiency before going into mass production†(p 14).
Growth Factors:
- Increasing demand for rapid prototyping equipment from the automotive and aerospace industries due to the need for faster product development cycles.
- Growing popularity of 3D printing technology, which is used extensively in rapid prototyping, is driving demand for related equipment.
- Rising investments by governments and private sector in research and development activities to develop new products are fueling the growth of the market.
- Rapid expansion of manufacturing facilities across developing countries is providing a fillip to the market growth.
Scope Of The Report
Report Attributes
Report Details
Report Title
Rapid Prototyping Equipment Market Research Report
By Type
Stereolithogrphy Apparatus (SLA), Three Dimension Printing (3DP), Selective Laser Sintering (SLS), Laminated Object Manufacturing (LOM), Fused Depostion Modeling (FDM), Others
By Application
Automotive, Aerospace & Defense, Home Appliance, Medical, Others
By Companies
Stratasys, Aaroflex, 3D Systems, EOS, 3T RPD, Kira, SLM Solutions, EnvisionTEC, Renishaw, Afit, Alphaform, Ex One, Hoganas, Mcor Technologies, Voxeljet
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
245
Number of Tables & Figures
172
Customization Available
Yes, the report can be customized as per your need.
Global Rapid Prototyping Equipment Market Report Segments:
The global Rapid Prototyping Equipment market is segmented on the basis of:
Types
Stereolithogrphy Apparatus (SLA), Three Dimension Printing (3DP), Selective Laser Sintering (SLS), Laminated Object Manufacturing (LOM), Fused Depostion Modeling (FDM), Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Automotive, Aerospace & Defense, Home Appliance, Medical, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Stratasys
- Aaroflex
- 3D Systems
- EOS
- 3T RPD
- Kira
- SLM Solutions
- EnvisionTEC
- Renishaw
- Afit
- Alphaform
- Ex One
- Hoganas
- Mcor Technologies
- Voxeljet
Highlights of The Rapid Prototyping Equipment Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Stereolithogrphy Apparatus (SLA)
- Three Dimension Printing (3DP)
- Selective Laser Sintering (SLS)
- Laminated Object Manufacturing (LOM)
- Fused Depostion Modeling (FDM)
- Others
- By Application:
- Automotive
- Aerospace & Defense
- Home Appliance
- Medical
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Rapid Prototyping Equipment Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Rapid prototyping equipment is a type of 3D printing technology that allows for the rapid creation of small prototypes or models from digital files. This process can be used to create parts, products, and devices quickly and inexpensively.
Some of the major players in the rapid prototyping equipment market are Stratasys, Aaroflex, 3D Systems, EOS, 3T RPD, Kira, SLM Solutions, EnvisionTEC, Renishaw, Afit, Alphaform, Ex One, Hoganas, Mcor Technologies, Voxeljet.
The rapid prototyping equipment market is expected to register a CAGR of 10.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Rapid Prototyping Equipment Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Rapid Prototyping Equipment Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Rapid Prototyping Equipment Market - Supply Chain
4.5. Global Rapid Prototyping Equipment Market Forecast
4.5.1. Rapid Prototyping Equipment Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Rapid Prototyping Equipment Market Size (000 Units) and Y-o-Y Growth
4.5.3. Rapid Prototyping Equipment Market Absolute $ Opportunity
5. Global Rapid Prototyping Equipment Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Rapid Prototyping Equipment Market Size and Volume Forecast by Type
5.3.1. Stereolithogrphy Apparatus (SLA)
5.3.2. Three Dimension Printing (3DP)
5.3.3. Selective Laser Sintering (SLS)
5.3.4. Laminated Object Manufacturing (LOM)
5.3.5. Fused Depostion Modeling (FDM)
5.3.6. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Rapid Prototyping Equipment Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Rapid Prototyping Equipment Market Size and Volume Forecast by Application
6.3.1. Automotive
6.3.2. Aerospace & Defense
6.3.3. Home Appliance
6.3.4. Medical
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Rapid Prototyping Equipment Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Rapid Prototyping Equipment Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Rapid Prototyping Equipment Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Rapid Prototyping Equipment Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Rapid Prototyping Equipment Demand Share Forecast, 2019-2029
9. North America Rapid Prototyping Equipment Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Rapid Prototyping Equipment Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Rapid Prototyping Equipment Market Size and Volume Forecast by Application
9.4.1. Automotive
9.4.2. Aerospace & Defense
9.4.3. Home Appliance
9.4.4. Medical
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Rapid Prototyping Equipment Market Size and Volume Forecast by Type
9.7.1. Stereolithogrphy Apparatus (SLA)
9.7.2. Three Dimension Printing (3DP)
9.7.3. Selective Laser Sintering (SLS)
9.7.4. Laminated Object Manufacturing (LOM)
9.7.5. Fused Depostion Modeling (FDM)
9.7.6. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Rapid Prototyping Equipment Demand Share Forecast, 2019-2029
10. Latin America Rapid Prototyping Equipment Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Rapid Prototyping Equipment Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Rapid Prototyping Equipment Market Size and Volume Forecast by Application
10.4.1. Automotive
10.4.2. Aerospace & Defense
10.4.3. Home Appliance
10.4.4. Medical
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Rapid Prototyping Equipment Market Size and Volume Forecast by Type
10.7.1. Stereolithogrphy Apparatus (SLA)
10.7.2. Three Dimension Printing (3DP)
10.7.3. Selective Laser Sintering (SLS)
10.7.4. Laminated Object Manufacturing (LOM)
10.7.5. Fused Depostion Modeling (FDM)
10.7.6. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Rapid Prototyping Equipment Demand Share Forecast, 2019-2029
11. Europe Rapid Prototyping Equipment Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Rapid Prototyping Equipment Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Rapid Prototyping Equipment Market Size and Volume Forecast by Application
11.4.1. Automotive
11.4.2. Aerospace & Defense
11.4.3. Home Appliance
11.4.4. Medical
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Rapid Prototyping Equipment Market Size and Volume Forecast by Type
11.7.1. Stereolithogrphy Appartus (SLA)
11.7.2. Three Dimension Printing (3DP)
11.7.3. Selective Laser Sintering (SLS)
11.7.4. Laminated Object Manufacturing (LOM)
11.7.5. Fused Depostion Modeling (FDM)
11.7.6. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Rapid Prototyping Equipment Demand Share, 2019-2029
12. Asia Pacific Rapid Prototyping Equipment Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Rapid Prototyping Equipment Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Rapid Prototyping Equipment Market Size and Volume Forecast by Application
12.4.1. Automotive
12.4.2. Aerospace & Defense
12.4.3. Home Appliance
12.4.4. Medical
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Rapid Prototyping Equipment Market Size and Volume Forecast by Type
12.7.1. Stereolithogrphy Apparatus (SLA)
12.7.2. Three Dimension Printing (3DP)
12.7.3. Selective Laser Sintering (SLS)
12.7.4. Laminated Object Manufacturing (LOM)
12.7.5. Fused Depostion Modeling (FDM)
12.7.6. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Rapid Prototyping Equipment Demand Share, 2019-2029
13. Middle East & Africa Rapid Prototyping Equipment Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Rapid Prototyping Equipment Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Rapid Prototyping Equipment Market Size and Volume Forecast by Application
13.4.1. Automotive
13.4.2. Aerospace & Defense
13.4.3. Home Appliance
13.4.4. Medical
13.4.5. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Rapid Prototyping Equipment Market Size and Volume Forecast by Type
13.7.1. Stereolithogrphy Apparatus (SLA)
13.7.2. Three Dimension Printing (3DP)
13.7.3. Selective Laser Sintering (SLS)
13.7.4. Laminated Object Manufacturing (LOM)
13.7.5. Fused Depostion Modeling (FDM)
13.7.6. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Rapid Prototyping Equipment Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Rapid Prototyping Equipment Market: Market Share Analysis
14.2. Rapid Prototyping Equipment Distributors and Customers
14.3. Rapid Prototyping Equipment Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Stratasys
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Aaroflex
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. 3D Systems
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. EOS
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. 3T RPD
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Kira
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. SLM Solutions
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. EnvisionTEC
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Renishaw
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Afit
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Alphaform
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Ex One
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Hoganas
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Mcor Technologies
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Voxeljet
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strate
