3D Printing 27 August 2019
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******** Thematic Research: Technology GDTMT-TR-S222 3D Printing 27 August 2019 Has 3D printing come of age? 3D printing is in its mid-thirties and is now approaching market growth that Inside Chuck Hull could only have dreamt about when he invented it in 1983. Players . Technology briefing By 2025, 3D printing, or additive manufacturing, will be a $32bn industry, rising . Trends to over $60bn by 2030. The compound annual growth rate (CAGR) between . Industry analysis 2018 and 2025 will be 16%, according to GlobalData estimates, with software . Value chain growing slightly faster than hardware, materials and services. Disruptive impact Yet behind the optimism, competition and casualties are increasing: UK . Companies powder maker Metalysis recently went into administration before being . Who’s who in 3DP rescued by Power Resources, a mining company; SLM Solutions, a German . Glossary manufacturer of 3D metal printers, had a poor first half of 2019, selling a third of the machines it sold in the first half of 2018 with revenues down 45%; and Organovo is considering its strategic options after biological performance issues with its 3D-printed liver tissues. 3D printing has always been most closely associated with prototyping and short production runs. But now it is becoming a key part of the manufacturing mix alongside injection molding and computer numerical control machining. The use of polymers – particularly plastics – in 3D printing still exceeds metals, but the gap is narrowing, and metals could outstrip polymers from 2021. Healthcare is a strong adopter, with applications from medical training to the operating table. Great Ormond Street Hospital’s use of 3D printed models for an operation to separate twins joined at the head has increased awareness. The industry’s growth has led to chemicals giants like BASF and Henkel driving the creation of new materials. 4D printing – where 3D printed objects transform their shape in response to an external stimulus, such as heat or moisture – also offers potential. Who are the leading 3D printing companies? We split the 3D printing value chain into four segments: hardware, materials, software and services. Below, we highlight some of the leading companies in each of these segments: . Hardware: Desktop Metal, GE Additive, Markforged, EOS, HP, 3D Systems, Ultimaker, EnvisionTEC, Stratasys . Materials: BASF, Henkel, GKN, Sandvik, Solvay, Höganäs . Software: Siemens, Autodesk, Dassault Systèmes, Materialise, PTC Report type . Single theme . Services: Optomec, GE Additive, Shapeways, Siemens, Sculpteo . Multi-theme . Sector Scorecard Which industries are at risk of disruption? Our research shows that the industries at most risk of disruption over the next five years include aerospace, healthcare, consumer goods, and construction. [email protected] www.globaldata.com +44 (0) 207 406 6764 © GlobalData 2019 GDTMT-TR-S222 3D printing 27 August 2019 Contents PLAYERS ........................................................................................................................................................................................... 4 TECHNOLOGY BRIEFING ............................................................................................................................................................. 5 Definition .......................................................................................................................................................... 5 The eight different types of 3D printing technology ......................................................................................... 5 The science behind 3D printing ..................................................................................................................... 10 The technology of materials .......................................................................................................................... 11 4D printing ..................................................................................................................................................... 12 The cost of 3D printing .................................................................................................................................. 13 TRENDS .......................................................................................................................................................................................... 14 Technology trends ......................................................................................................................................... 14 Regulatory trends .......................................................................................................................................... 16 Macroeconomic trends .................................................................................................................................. 18 INDUSTRY ANALYSIS .................................................................................................................................................................. 19 Market size and growth forecasts ................................................................................................................. 21 Competitive analysis ..................................................................................................................................... 22 Mergers and acquisitions .............................................................................................................................. 24 Timeline ......................................................................................................................................................... 26 VALUE CHAIN ................................................................................................................................................................................ 27 Hardware ....................................................................................................................................................... 27 Materials ........................................................................................................................................................ 28 Software ........................................................................................................................................................ 29 Services ......................................................................................................................................................... 30 HOW 3D PRINTING IS DISRUPTING INDUSTRIES.............................................................................................................. 32 Manufacturing ................................................................................................................................................ 32 Automotive..................................................................................................................................................... 33 Aerospace ..................................................................................................................................................... 34 Consumer goods ........................................................................................................................................... 35 Healthcare ..................................................................................................................................................... 35 Construction .................................................................................................................................................. 36 Jewelry .......................................................................................................................................................... 37 Food .............................................................................................................................................................. 38 Toys ............................................................................................................................................................... 38 www.globaldata.com 2 GDTMT-TR-S222 3D printing 27 August 2019 COMPANIES ................................................................................................................................................................................... 39 Public companies .......................................................................................................................................... 39 Private companies ......................................................................................................................................... 46 WHO’S WHO IN 3D PRINTING.................................................................................................................................................. 50 Classification by value chain segment .......................................................................................................... 50 Classification by 3D printing technology ....................................................................................................... 51 GLOSSARY ...................................................................................................................................................................................... 52 APPENDIX: OUR THEMATIC RESEARCH METHODOLOGY .............................................................................................