One of the most talked-about fields in the business world of Europe today is 3D printing. Europe is home to a number of players in the additive manufacturing industry with extensive technical knowledge of additive manufacturing processes. Numerous AM industry participants with in-depth technical familiarity with the processes are positioned across the region. In 2022, the market in Europe grew to become the 2nd largest market by region. The demand for this technology is high among small and medium-sized industries that require high-speed, reliable, and inexpensive prototypes for manufacturing purposes. The regional market is expected to showcase strong growth in the adoption of this technology in the manufacturing and semiconductor industries. This technology is also in high demand among small and medium-sized businesses that require high-speed, dependable, and low-cost examples for manufacturing purposes. Europe has several prominent research institutions that focus on 3D printing, including the Fraunhofer Institute for Laser Technology in Germany, the KU Leuven in Belgium, and the University of Nottingham in the UK. The first 3D printer was invented by Chuck Hull in 1983 in the United States, but the first patent for a 3D printing process was actually filed by a French inventor named Jean-Claude André in 1984. Also in 2019, the first 3D-printed house in Europe was completed in Amsterdam. The house was printed using a concrete printer and took only a few weeks to complete. Many schools and universities in Europe are incorporating 3D printing into their curricula, providing students with hands-on experience with the technology. According to the research report, "Europe 3D Printing Market Outlook, 2028," published by Bonafide Research, the market is projected to grow by USD 11.25 billion from 2023 to 2028. 3D printing has levelled the field of 3D printing owing to its special full-colors capabilities, water-soluble support material, and fast product manufacturing speed, which is driving market revenue growth in this region. In addition, increasing use of 3D printing in a wide number of industrial sectors, such as education, automotive, marine, and entertainment industries, is another factor driving market revenue growth in this region to some extent. For instance, on September 22, 2022, Zortrax Inkspire launched a "2 LCD 3D printer'. The latest 3D printing system includes a build volume of 192 x 120 x 280 mm, a custom light engine that evenly distributes UV exposure throughout the announced print envelope, and simple, automated, and user-friendly operations. The growing number of 3D printing construction projects in countries such as Germany, France, Italy, Denmark, and Italy is driving market growth. Furthermore, major automobile companies are expanding their presence in this region, and automakers are increasingly utilizing 3D printing technology. 3D-printed materials are in high demand in Germany and France because FDM-produced car parts result in lighter vehicles with better performance and lower energy consumption. European automotive companies, such as BMW, Audi, and Volkswagen, are increasingly using 3D printing for prototyping, tooling, and even production parts. Volkswagen AG announced the use of a new 3D printing process in vehicle production in June 2021. Binder jetting, a 3D printing technology, was used to produce components at the company's main plant in Wolfsburg, Germany. Also, the European Space Agency is using 3D printing to create parts and tools for the International Space Station, reducing the need for resupply missions from Earth. Europe is a major 3D printing technology hub. 3D printing technology will completely disrupt traditional manufacturing in many industries due to its ability to deliver customized products and manufactured solutions at a lower cost. Government initiatives and spending, the ability to offer customized products through 3D printing, increased efficiency, and improved products are propelling this technology in Europe. Massivit3D's 3D printing technology and applications are among the most promising in the world's various industries. Massivit3D's ability to build pieces or models as large as 6 feet at a radial speed, combined with their amazing gel-based technology, has allowed them to establish a name in the manufacturing industry. Along with these exceptional features, many 3D printers offer a colour range of nearly 10 million, demonstrating that it is a game changer in the world of traditional printing. Germany is Europe's leading industrial and consumer 3D printing market. The country's strength is its long history of manufacturing. Germany is home to some of Europe's most advanced 3D printing and additive manufacturing industries, including aerospace, automotive, machinery, and dentistry. One in every three large German industrial companies now uses 3D printing, and two out of every three have already used 3D printing technologies. FESPA Global Print Expo, Europe's leading printing and signage exhibition, is expected to reunite key industry professionals from the 23rd to the 26th of May, allowing them to discover new perspectives with face-to-face business and access the latest innovations and trends within the printing sectors, all while enabling valuable networking and business building opportunities. Europe was one of the first few regions to adopt 3D CAD technology, which is now regarded as one of the primary drivers of the 3D printing market. The governments of European countries have been encouraging the development of industries associated with the 3D printing market by providing financial investments in R&D activities and other sectors. The UK government, for example, has invested approximately £100 million in the aerospace sector to support the advancement of 3D printing. The UK government has played a significant role in the growth of the 3D printing market through supportive policies and financial assistance. High-end manufacturing is one of the priority areas for improving European market growth, according to the UK's innovation agency, the Technology Strategy Board (TSB). As a result, the agency has made significant investments in the research and development of high-value manufacturing industries. Furthermore, according to the UK Patent Office, the majority of published patents related to 3D printing worldwide are from European companies. BluRhapsody announced in January 2019 the launch of a 3D pasta printing e-commerce service in the coming months. Customers will be able to order customized pasta printed by a 3D pasta printer through the e-commerce platform (developed by Barilla). In April 2018, a chef named Jan Smink teamed up with byFlow, a leading 3D food printing company, to open the Netherlands' first permanent restaurant offering specialized 3D-printed food. Also, in the Netherlands, a company called Better Future Factory is using recycled plastics to create products using 3D printing, demonstrating the potential of the technology for sustainable manufacturing. The flourishing economic landscape and the remarkable rise in electronics and automotive sales are credited for the region's growth. The increased emphasis on increasing the production of energy-efficient and lightweight vehicles with improved fuel economy, pushed by stringent regulatory mandates, will increase demand for 3D printing materials and equipment in Europe. The regional market is expected to expand due to the widespread use of polymers in implants due to their abrasion resistance, chemical resistance, and durability. The demand for electric vehicles and the growing utilization of high-performance and lightweight plastic components by many manufacturers are further expected to drive the polypropylene in 3D printing market growth in Europe. Based on the report, the market is segmented into various offerings, including printers, software, materials, and services. Among them, printers are projected to lead the market by the end of the forecast period with over 40% of the market. Recently, Eplus3D, headquartered in Hanzhou, China, opened its European office in Ludwigsburg, Germany. The new facility, with over 600 m2 of floor space, is equipped with a dedicated additive manufacturing workspace, a showcase of additively manufactured parts, offices, and conference rooms. The Ludwigsburg location will oversee Eplus3D's European operations and house dedicated sales and support teams. It will serve as a demonstration facility as well as a resource for customer training, application development, and consulting. Customers will also be able to get spare parts and consumables from the more localized warehouse, according to Eplus3D. The increased adoption of 3D printing technology in industrial products, education and research, healthcare, defence, aerospace, and automotive sectors boosted the 3D printing market's demand. The market potential for 3D printing is enormous, and it is assisting in the development of efficient processes in the aerospace sector, with aircraft manufacturers investing massive sums of money in 3D technology for the production of jet engine combustion nozzles, turbine blades, and structural parts. There are many technology exhibitions that take place across the region, which can enhance the overall industry. For instance, CES Europe is an annual consumer electronics trade show that takes place in various cities across Europe, such as Amsterdam, Barcelona, and London. The event showcases the latest advancements in 3D printing alongside other technologies like robotics, AI, and IoT. Hannover Messe is one of the largest industrial technology trade shows in the world, held annually in Hannover, Germany. The event features the latest innovations in 3D printing and additive manufacturing for industrial applications. EMO is a biennial trade show for the metalworking industry that takes place in Hannover, Germany. The event covers various technologies used in the metalworking industry, including 3D printing and additive manufacturing. Rapid Tech is an international trade show and conference focused on additive manufacturing and 3D printing. It takes place annually in Erfurt, Germany, and features the latest technologies, products, and services. Further, IN(3D)USTRY is a global event that showcases the latest innovations and trends in industrial 3D printing. It takes place annually in Barcelona, Spain, and features keynote speakers, industry experts, and exhibitors from around the world. Recent product launches in Europe for 3D printing include: • The German 3D printing company BigRep launched its PRO HS (High Speed) 3D printer in 2021, which is capable of printing large-scale, objects quickly and accurately using a range of materials. • Italian 3D printing company WASP launched its new 3D printer line in 2021, which includes the DeltaWASP 2040 PRO and the DeltaWASP 4070 PRO. These printers are designed for rapid prototyping and can print using a range of materials, including PLA, ABS, and PETG. • US-based 3D printing company Formlabs launched its Form 3D 3D printer in Europe in 2020. The Form 3L is designed for industrial-scale printing and can print using a range of materials, including Formlabs' own proprietary resins. • The Dutch 3D printing company Ultimaker launched its S3 3D printer in Europe in 2020. The S3 is designed for professional use and can print using a range of materials, including nylon, polycarbonate, and TPU. • UK-based 3D printing company Photocentric launched its LC Maximus 3D printer in 2020, which uses patented LCD-based technology to print high-resolution parts quickly and accurately. Companies Mentioned in this Report: 3D Systems, Inc., Materialise NV, EOS GmbH, General Electric Additive, voxeljet AG , SLM Solutions, Renishaw plc, Proto Labs, Tiertime, Hoganas AB, Covestro, Desktop Metal,Inc., Nano Dimension, Formlabs, Carbon, Inc. , Markforged Holding Corp Considered in this report • Geography: Europe • Historic year: 2017 • Base year: 2022 • Estimated year: 2023 • Forecast year: 2028 Aspects covered in this report • Europe 3D Printing market with its value and forecast along with its segments • Country-wise 3D Printing market analysis • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation Countries covered in the report: • Germany • United Kingdom • France • Italy • Spain • Russia By Offerings: • Printers • Materials • Services • Software By Printer Type: • Desktop 3D Printer • Industrial 3D Printer By Application Type: • Prototyping • Functional Part Manufacturing • Tooling The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third party sources such as press releases, annual report of companies, analysing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to 3D Printing industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.
Asia-Pacific dominates the market and is the largest and fastest-growing market in the animal growth promoters industry globallyDownload Sample