CHICAGO, Nov. 30, 2023 /PRNewswire/ -- The 3D printing robot market is projected to grow from USD 1.6 billion in 2023 and is estimated to reach USD 3.2 billion by 2028; it is expected to grow at a Compound Annual Growth Rate (CAGR) of 14.6% from 2023 to 2028 according to a new report by MarketsandMarkets. The growth of the 3D printing robot market is driven by reliance on automated solutions to conduct repetitive tasks and improve workplace safety, and rising awareness about higher degree of freedom offered by 3D printing robots than traditional printers.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=13451083
Browse in-depth TOC on "3D Printing Robot Market"
168 - Tables
59 - Figures
242 - Pages
3D Printing Robot Market Report Scope:
Report Coverage | Details |
Market Revenue in 2023 | $ 1.6 billion |
Estimated Value by 2028 | $ 3.2 billion |
Growth Rate | Poised to grow at a CAGR of 14.6% |
Market Size Available for | 2019-2028 |
Forecast Period | 2023-2028 |
Forecast Units | Value (USD Million/Billion) |
Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Segments Covered | By Component, Robot Type, Application, End-user Industry and Region |
Geographies Covered | North America, Europe, Asia Pacific, and Rest of World |
Key Market Challenge | Interoperability and compatibility issues related to hardware components of 3D printing robots |
Key Market Opportunities | Rising awareness about higher degree of freedom offered by 3D printing robots than traditional printers |
Key Market Drivers | Government-led investments in additive manufacturing projects |
By component, the 3D printing Head segment is projected to grow at high CAGR of the 3D printing robot market during the forecast period.
The 3D printing head segment is positioned for robust growth over the forecast period. 3D printing heads, or extruders, present a host of valuable advantages in the realm of additive manufacturing. These heads boast versatility, capable of accommodating a broad spectrum of materials, from PLA (polylactic acid), PETG (polyethylene terephthalate glycol), TPU (thermoplastic polyurethane), and ABS (acrylonitrile butadiene styrene) to metals, enabling their application across diverse industries. Renowned for their precision, 3D printing heads can meticulously create objects in the X, Y, and Z axes, resulting in highly accurate prints with exceptional surface quality. Additionally, their ability to operate at high speeds contributes to shorter production times. Furthermore, these heads exhibit efficiency by judiciously utilizing filament material through controlled deposition. Their user-friendly nature, often arriving pre-calibrated, appeals to both novices and experts. This facilitates widespread adoption across industries, such as aerospace, automotive, and consumer goods, where their advantages are increasingly appreciated.
Functional Part Manufacturing segment is projected to grow at high CAGR of 3D printing robot market during the forecast period.
The functional part manufacturing segment is expected to grow at high CAGR in the 3D printing robot industry during the forecast period. 3D printing, particularly in conjunction with robots, is revolutionizing functional part manufacturing across several key industries. In aerospace, automotive, and electronics, the demand for lightweight, durable, and precision-engineered components is met through 3D printing with robots. These robots enable the creation of intricate parts with complex geometries, surpassing the limitations of traditional manufacturing methods. The versatility of 3D printing robots, accommodating various materials, including plastics, metals, and ceramics, proves invaluable. As these robots continue to advance, they are poised to enhance functional part manufacturing in these industries, as well as in consumer goods, energy, construction, and more, promising a future of innovation and efficiency.
Inquiry Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=13451083
Noth America is poised for significant growth in the 3D printing robot market by 2028.
The North American 3D printing market is poised for significant growth in the upcoming years due to various essential drivers. 3D printing robots offer solutions to key challenges in the North American construction sector. They reduce the demand for highly skilled workers, enhance safety by handling hazardous tasks, cut costs, boost productivity, and elevate project quality. While facing developmental hurdles, such as speed and material limitations, these robots hold substantial promise for revolutionizing the construction industry and making it more efficient and sustainable. For instance, in May 2022, Cornell University's Bovay Lab (New York) integrated ABB's 6,000-pound IRB 6650S Industrial Robot from Switzerland for large-scale 3D printing in construction. This innovation advances robotic construction research, providing students with practical experience and enhancing sustainability and efficiency in the field. The robot, with a 12-foot track, offers a 12-foot circular reach, covering an 8x30-foot area. It is a significant step in utilizing 3D printing robots for construction and enhancing the construction sector in North America.
Key Players
Key companies operating in the 3D printing robot companies are KUKA AG (Germany), ABB (Switzerland), Yaskawa Electric Corporation (Japan), FANUC CORPORATION (Japan), Universal Robots A/S (Denmark), Massive Dimension (US), CRAD B.V. (Netherlands), Caracol (Italy), among others.
Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=13451083
Browse Adjacent Market: Semiconductor and Electronics Market Research Reports &Consulting
Related Reports:
3D Printing Market Size, Share & Industry Growth Analysis Report by Offering (Printer, Material, Software, Service), Process (Binder Jetting, Direct Energy Deposition, Material Extrusion, Material Jetting, Powder Bed Fusion), Application, Vertical, Technology and Region - Global Growth Driver and Industry Forecast to 2028
Industrial Robotics Market by Type (Traditional, Collaborative), Component, Payload (Upto 16.00 Kg, 16.01-60.00 Kg, 60.01-225.00 Kg, More than 225 Kg), Application (Handling, Dispensing, Processing), End Use Industry and Region - Global Forecast to 2028
3D Scanners Market by Offering (Hardware, Software, Services), Type (3D Laser Scanners, Structured Light Scanners), Technology (Laser Triangulation, Pattern Fringe, Laser Pulse, Laser Phase-shift), Range, Industry and Region - Global Forecast to 2028
3D and 4D Technology Market with COVID-19 Impact Analysis by Solution Type (3D Output Devices, 3D and 4D Input Devices), End-use Application (3D and 4D Gaming), Vertical (Entertainment, Consumer Electronics), Geography - Global Forecast to 2025
Service Robotics Market by Environment (Aerial, Ground, Marine), Type (Professional, Personal & Domestic), Component, Application (Logistics, Inspection & Maintenance, Public Relations, Education) and Region - Global Forecast to 2028
About MarketsandMarkets
MarketsandMarkets has been recognized as one of America's best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets.com or follow us on Twitter, LinkedIn and Facebook.
Contact:
Mr. Aashish Mehra
MarketsandMarkets INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Visit Our Web Site: https://www.marketsandmarkets.com/
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/3d-printing-robot-market.asp
Content Source: https://www.marketsandmarkets.com/PressReleases/3d-printing-robot.asp
Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/3d-printing-robot-market-worth-3-2-billion-by-2028---exclusive-report-by-marketsandmarkets-302001720.html
