Binder Jetting Services Market

Global Market Study on Binder Jetting Services: Increasing Design Complexity and Demand for Personalized Products Aiding Market Expansion

About the Report

Introduction of binder jetting technology has transformed the ways in which products are designed, developed, manufactured, and distributed. Advantages of binder jetting over traditional manufacturing open plenty of opportunities for industry verticals, spanning from product design and development, and customization services to restructuring of supply chain for higher efficiency. Continuous innovations and upgrades made in binder jetting services can help attract a wide range of customers operating in different industry verticals.

Persistence Market Research’s study covers comprehensive insights about market trends, value (US$ Bn) projections, recent developments, and dynamics in the binder jetting services market during the forecast period of 2021-2031. The report tracks the global value of binder jetting services in 20+ high-growth markets, along with analyzing the impact COVID-19 has had on the binder jetting and overall 3D printing industry.

Find Out More about the Report Coverage


  • ExOne
  • Voxeljet
  • 3D Systems, Inc.
  • Stratasys
  • Renishaw plc.
  • Proto Labs
  • HP Development Company, L.P.
  • Materialise
  • Proto3000 Inc.
  • MarkForged, Inc.
  • Xaar plc
  • Digital Metal (Höganäs AB)

What is the Historical vs. Future Outlook for Binder Jetting Services?

According to this market study, the global binder jetting services market has been progressing at a CAGR of around 19% since 2016, is anticipated to witness a growth in revenue from US$ 76.8 Mn in 2020 to around US$ 613 Mn by 2031. The market is anticipated to gain enormous traction over the coming years, owing to continuous focus on product innovation by service providers.

Currently, manufacturers across a broad spectrum of industries, including automotive, aerospace, manufacturing, and healthcare, are all actively piloting and using binder jetting technologies. Demand is expected to increase further with rise in the adoption of smart products and solutions, which leads to the introduction of complex designed solutions. Owing to these broad factors, demand for binder jetting services is likely to increase, expanding at an impressive CAGR of around 21% throughout the 2021-2031 assessment period.

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Which Technologies are Fueling Demand for Binder Jetting Services?

Digitization is driven by new Internet of Things (IoT)-enabled devices, along with breakthroughs in Artificial Intelligence (AI), cloud-based services, and web 3.0. Companies addressing this new digital age are focusing on finding ways of responding to changing consumer trends and data patterns, using technologies such as binder jetting. Also, introduction of Industry 4.0 is one of the key factors driving the expansion of the global binder jetting market size.

Apart from this, by convergence of technologies, such as binder jetting and additive manufacturing, machine printing in combined multi-material products of ceramics, polymers, biomaterials, and metals enables embedded functionality within the printing process. Introduction of these systems has the potential to revolutionize the way companies manufacture products. Moreover, introduction of this technology helps in addressing digital manufacturing challenges, and allows the production of complex functional products.

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How is Enhanced Manufacturing and Supply Chain Realignment Propelling Growth of Binder Jetting Services Market?

Binder jetting technology is a milestone in the development of manufacturing technology. It offers a wide range of applications, which include equipment manufacturing and material research & development. Binder jetting technology is making manufacturing models undergo profound changes, and is overcoming challenges of traditional technologies by offering less processing time, material saving, and increased efficiency of industrial production.

Besides, as the distance between production and consumption is getting reduced, established supply chain models based on economies of scale are being challenged by new customer-supplier relationships, which is driven by the Internet and social media. Companies therefore need to look for highly-developed digital technologies to remain competitive, and must also cope with these technologies for seamless integration between customers and suppliers. Binder jetting is one such digital technology that helps companies in linking intuitive web-based interfaces and 3D technologies at the front end of the supply chain, allowing consumers to become product designers and driving real-time & agile manufacturing.

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Which Other Factors are Responsible for Market Expansion of Binder Jetting Services?

As the world is becoming more digital and connected, demand for personalized products and solutions is no longer an exception. Over the years, it has been observed that, demand for products with complex design patterns is increasing. Binder jetting is perfectly suited to manufacture personalized products due to the digital nature of the binder jetting supply chain.

For instance, binder jetting has also been emerged as a perfect solution for manufacturing patient-specific products using medical scanning and imaging data. In addition, binder jetting can also be used to make products designed by consumers through a web browser or customized from online data repositories. Furthermore, continuous growth in demand for products with complex designs is bolstering demand for binder jetting technology. It helps in offering complex design products with little or no cost penalty.

What are the Factors Affecting Adoption of Binder Jetting Services?

Installation of new binder jetting systems demands high initial expenditure. Due to lack of budget, various small- and medium-sized companies are reluctant toward the adoption of binder jetting technology, which is one of the major factors hampering growth of the market. Apart from this, it has been observed that, many countries in Latin America and the Middle East and Africa (MEA) are spending less on research & development activities as compared to manufacturers and end users in other regional markets. Low R&D expenditures are expected to challenge the growth of these regional binder jetting markets, thus restricting growth of the global market.

Market Share Analysis of Binder Jetting Service Providers

The binder jetting services market is estimated to be fragmented over the forecast period. This projected high fragmentation is attributed to revenue generated by new start-ups and other established small- and medium-sized service providers. Companies that hold market share above 10% are tier-1 companies, and this group includes players such as 3D Systems Inc., Stratasys Ltd., and ExOne.

Companies with a market share of above 5% and below 10% are promising players. These companies are likely to showcase a quick growth trend, and harness the opportunities that the global market has to offer to accommodate business expansion and revenue generation. This group includes Voxeljet AG, Renishaw PLC., and HP Development Company, LP.

Companies that have a relatively lower size with a market share worth less than 5% are strategizing to attract new clientele in foreign markets. Companies in this group are Proto Labs, Materialise, and others.

Binder Jetting Services Market

Country-wise Insights

How is Increasing Consumer Awareness in Brazil Leading to Rising Demand for Binder Jetting Services?

Today, binder jetting technology has progressed on many technical fronts. There are faster binder jetting systems, new binder jetting materials, and attractive customization and personalization tools available in the market. Advancements in binder jetting hardware, software, materials, and services are offering loads of lucrative opportunities in developing countries such as Brazil.

During the advent of binder jetting technology, end users lacked the curiosity about the manufacturing techniques and processes behind the product of their choice. Today, with enhanced performance, active participation, and high quality aesthetic options available in the personalization process, consumers are getting motivated to learn about binder jetting, and procure binder jetting services. For manufacturing businesses in Brazil, advancements in binder jetting technology not only help enhance production processes, but also facilitate the development of new applications that were unachievable before. Advancements in binder jetting technology are likely to create a new climate for research & innovation in the Brazilian market during the forecast period.

How are Increasing Application of Binder Jetting Helping Vendors in Germany?

Increasing scope of applications related to binder jetting and a competitive market help differentiate binder jetting solutions, and vendors are adopting the expansion strategy to gain a competitive edge and strengthen their market presence. To fulfil this, product development and innovation activities have been mainstay in the binder jetting market, in order to enhance market presence and user experience. Moreover, via innovation and development, various vendors are focusing on enhancing their solution attractiveness levels among various consumers.

  • For instance, in June 2019, Nanoscribe GmbH launched Quantum X for the fabrication of highly-precise micro optics, to target specific needs in modern industrial micro fabrication. This new system features an industrial form factor with intuitive and ready-to-use interfaces for process control. It helps in redefining industrial 2D and 2.5D micro fabrication.

Why are Foreign Investors Expanding their Businesses in Japan’s Binder Jetting Services Market?

Japan has been greatly emphasizing on the development of its binder jetting industry. Japan is home to many additive manufacturing research centers and hubs that are focused on achieving excellence in this field. Most of these research centers and innovation hubs are established by foreign companies. Global companies such as HP, GE, UPS, DNV GL, Evonik, ThyssenKrupp and Voestalpine are setting up regional additive manufacturing centers in Japan.

Local additive manufacturing start-ups such as Anatomics, SpareParts 3D, and 3D MetalForge are proving to be quite successful in finding new additive manufacturing applications and increasing technology penetration among all industry verticals. Therefore, Japan is in a good position to increase the adoption of industrial binder jetting technologies to enhance performance and real-cost benefits.

Will Russia’s Aerospace & Defense Industry Aid Growth of Binder Jetting Services?

End users operating in aerospace and defense industries have accelerated the usage of binder jetting services over the last decade, in Russia. This accelerated adoption trend can be attributed to the focus of end users on bringing manufacturing processes in-house. This enables product designers to manufacture and test prototype parts on demand. That is, to manufacture a prototype, product designers do not have to wait until the designing process is completed.

By bringing manufacturing processes in-house, production time taken by a mechanical or electronic prototype can be reduced to a matter of days, or even hours. As a result, overall product design and manufacturing cycle is shortened, and repetitive redesigning can be avoided. Therefore, aerospace and defense industries are estimated to continue recording high adoption of binder jetting solutions and services in Russia throughout the forecast period.

Category-wise Insights

Which Application Holds The Largest Share of Binder Jetting Services?

Among all the applications, the prototypes sub-segment holds the largest share of the binder jetting services market, as many service providers offer prototyping as a service – this segment is anticipated to expand at a CAGR of 20% during the forecast period. Furthermore, the tools and fixture application sub-segment is anticipated to create an incremental opportunity of US$ 186.1 Mn from 2021 and 2031.

Binder jetting facilitates enhanced flexibility in responsive product design. Rather than having to market large quantities of identical, mass-produced items, manufacturers can afford to produce smaller batches using additive manufacturing, thus allowing engineers and designers to modify product designs and manufacture products in an economically feasible manner in order to enhance customer satisfaction. Customization services also enable manufacturers enhance revenue generation. Thus, production parts are expected to grow at a significant rate over the coming years.

Why is Adoption of Binder Jetting in Healthcare Industry Rising?

Among all the industries, healthcare and medical devices hold the largest share of the global binder jetting services market, and are also anticipated to remain dominant throughout the forecast period. The healthcare and medical devices sub-segment is expected to expand at a CAGR of over 22% through 2031.

Healthcare providers focus on adopting technologies that reduce errors, increase efficiency, and boost patient satisfaction. Implementation of binder jetting solutions in the healthcare sector can help attain efficient gains and innovations in the healthcare system. This can be obtained via production of surgical models to streamline complex operations and manufacturing of accessible personalized prosthetics. Moreover, increasing awareness of health and fitness is creating demand for a range of complex healthcare systems, which is further creating potential growth opportunities for players in the binder jetting services market.

Competitive Landscape

Binder jetting service providers rely on multiple expansion strategies to deepen their penetration across lucrative markets. These strategies include collaboration with key players, product launches, acquisitions partnerships, and strengthening of regional and global distribution networks.

  • For instance, in December 2020, Renishaw Plc focused on ensuring that customers within the European Union are able to receive optimal support from local offices, and that all transactions, including delivery of goods, are as simple as possible.

Following are a few steps taken by the company to strengthen its presence in the market:

  • New and expanded logistics centres in Ireland and Germany
  • Transactions and deliveries via local subsidiaries instead of via the U.K.
  • Strengthening local offices by conversion into independent subsidiaries
  • Increase in stock levels throughout the EU region
  • Harmonization of price model within the EU, with the EURO as the anchor currency

Some of the leading companies operating in the binder jetting services market are:

  • ExOne
  • Voxeljet AG
  • 3D Systems, Inc.
  • Stratasys
  • Renishaw plc.
  • Proto Labs
  • HP Development Company, L.P.
  • Materialise
  • Proto3000 Inc.
  • MarkForged, Inc.

*The list is not exhaustive, and only for representational purposes. Full competitive intelligence with SWOT analysis available in the report.

Report Scope



Forecast Period


Historical Data Available for


Market Analysis

US$ Mn for Value

Key Regions Covered

  • North America
  • Europe
  • Middle East & Africa
  • Rest of the World

Key Countries Covered

  • U.S.
  • Canada
  • Germany
  • Italy
  • France
  • U.K.
  • Spain
  • GCC
  • South Africa

Key Segments Covered

  • Application
  • Industry
  • Region

Key Companies Profiled

  • ExOne
  • Voxeljet AG
  • 3D Systems, Inc.
  • Stratasys Ltd
  • Renishaw plc.
  • Proto Labs
  • HP Development Company, L.P.
  • Materialise
  • Proto3000 Inc.

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Key Questions Answered in Report

  • How will the binder jetting services market expand until 2031?

Persistence Market Research projects the global binder jetting services market to register a CAGR of around 21% across the 2021-2031 assessment period. Continuous innovations and upgrades made in product portfolios can help attract a wide range of customers operating in different industry verticals.

  • What are the major challenges for market growth?

Owing to continuous advancements in binder jetting technologies, companies around the globe are facing difficulties in finding technical expertise, which is a significant factor restraining the growth of the market.

  • Who are the leading players in the binder jetting services market?

Prominent players operating in the global binder jetting services landscape include ExOne, Voxeljet AG, 3D Systems, Inc., Stratasys Ltd, and HP Development Company, L.P., among others.

  • What are the major trends impacting the binder jetting services market?

Continuous growth in demand for products with complex designs is bolstering demand for binder jetting technology. It helps in offering complex design products with little or no cost penalty.

  • Which region is expected to be at the forefront in the binder jetting services market?

North America is dominating the global binder jetting services market. However, the market in Europe is anticipated to grow at a significant rate over the forecast period. The Europe region is expected to remain a key market for binder jetting services and solutions, as enhanced manufacturing and supply chain realignment are boosting market growth.

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Binder Jetting Services Market by Category


  • Prototypes
  • Tools & Fixtures
  • Production Parts


  • Automotive
  • Healthcare & Medical Devices
  • Aerospace & Aeronautics
  • Consumer Goods
  • Heavy Equipment
  • Oil & Gas
  • Others


  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • Middle East and Africa

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