Material Jetting (MJ) Equipment Market Size, Share, Growth, and Industry Analysis, By Type (Drop on Demand and Continuous Approach), By Application (Medical Industry, Jewellery Industry, Industrial Tools, Automotive Industry), Regional Insights, and Forecast To 2031

Updated On: 29 April 2024

Material Jetting (MJ) Equipment Market Report Overview

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global material jetting (mj) equipment market size was USD 862.16 million in 2022 and market is projected to touch 2205.4 Million by 2031, exhibiting a CAGR of 11% during the forecast period (2022-2031). In the market study, our analysts have considered material jetting mj equipment players such as Xjet, Voxeljet, Stratasys (Objet), Vader Systems,HP, 3D Systems.

Material Jetting (MJ) is a 3D printing technology that falls under the category of additive manufacturing. MJ equipment, also known as material jetting printers, use inkjet printhead technology to deposit droplets of liquid material onto a build platform, which are then cured or solidified to form layers. These layers are built up one on top of another to create a three-dimensional object.

Material jetting printers work by jetting or spraying a liquid photopolymer or other materials onto the build platform in a precise manner. The droplets are typically very small, ranging from a few micrometres to tens of micrometres in diameter. MJ printers can handle a variety of materials, including photopolymers, waxes, ceramics, and metals.

COVID-19 Impact: Pandemic Increased the Market Demand

COVID-19 crisis highlighted the importance of flexible and agile manufacturing processes, and 3D printing technologies like Material Jetting (MJ) gained attention for their ability to quickly produce prototypes, medical devices, and other essential supplies. As a result, some manufacturers and healthcare organizations turned to 3D printing, including Material Jetting, to address the urgent need for personal protective equipment (PPE) and medical components. One of the key advantages of Material Jetting (MJ) and other 3D printing techniques is their ability to rapidly prototype and manufacture complex and customized objects. Traditional manufacturing methods often require significant lead times for tooling and setup, whereas 3D printing allows for quick design iterations and on-demand production. This inherent flexibility and agility became crucial during the COVID-19 crisis, enabling manufacturers and healthcare organizations to respond swiftly to changing needs. It is important to note that the impact of COVID-19 on the material jetting (MJ) equipment market share goes beyond the immediate crisis response. The experience gained during the pandemic has prompted many organizations to explore and integrate 3D printing into their long-term manufacturing strategies. This includes sectors such as healthcare, aerospace, automotive, and consumer goods, where the benefits of flexible and agile production processes have become apparent.

Latest Trends

"Integration of Multi-Material and Multi-Colour Printing to fuel the growth in the market"

Traditionally, material jetting (MJ) equipment focused on using a single material or colour per print job. However, advancements in printhead design, material delivery systems, and software control have enabled the integration of multiple materials and colours within a single print job. By incorporating multiple materials, Material Jetting (MJ) can produce objects with varying properties and characteristics in different regions of the printed object. For example, it can print parts with rigid and flexible sections, varying levels of transparency or opacity, or even combine different types of materials such as elastomers and ceramics. This capability opens up new avenues for creating complex assemblies or functional parts with graded material properties. Furthermore, the integration of multi-colour printing in Material Jetting (MJ) allows for the creation of visually appealing objects with intricate colour patterns, gradients, or even textures. This is particularly beneficial for applications such as architectural models, product prototypes, and consumer goods, where aesthetics play a crucial role.

Material Jetting (MJ) Equipment Market Segmentation

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• By Type Analysis

According to type, the market can be segmented drop on demand and continuous approach.

• By Application Analysis

Based on application, the market can be divided into medical industry, jewellery industry, industrial tools, automotive industry.

Driving Factors

"Increasing demand for customization to foster the market growth"

There is a growing demand for customized and personalized products across various industries, including automotive, aerospace, healthcare, and consumer goods. Material Jetting (MJ) technology enables the production of highly customized parts and products with intricate designs and complex geometries. The ability to quickly iterate and produce one-off or low-volume custom parts is a significant driving factor for the adoption of Material Jetting (MJ) equipment.

"Growing adoption in healthcare and medical applications to result in the expansion of the market"

Material jetting (MJ) equipment finds significant applications in the healthcare and medical sectors. It is used for producing patient-specific anatomical models, surgical guides, implants, dental prosthetics, and medical devices. The ability of material jetting (MJ) equipment to create complex geometries and precise details makes it well-suited for medical applications where customization and accuracy are crucial. The increasing demand for personalized healthcare solutions and advancements in medical 3D printing drive the adoption of Material Jetting (MJ) equipment in the healthcare industry.

Restraining Factors

"Resolution and scaling limitations to hamper the market growth"

While material jetting (MJ) equipment offers high-resolution printing capabilities, there may be limitations when it comes to scaling up production or printing larger objects. The speed and scalability of material jetting (MJ) equipment may be lower compared to other 3D printing technologies such as fused deposition modelling (FDM) or selective laser sintering (SLS). This can restrict the use of Material Jetting (MJ) for large-scale production or applications that require fast production turnaround.

Material Jetting (MJ) Equipment Market Regional Insights

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"North America to lead the market owing to the rising popularity of frozen treats like ice cream and popsicles. "

North America has been a leading region in the adoption of 3D printing technologies, driven by a strong presence of industries such as aerospace, healthcare, automotive, and consumer goods. The region has witnessed significant investments in research and development, collaborations between industry and academia, and government initiatives to promote additive manufacturing. These factors have contributed to the material jetting (MJ) equipment market growth in North America.

Key Industry Players

"Key players are employing advanced technologies in order to stimulate further growth of the market."

All the major players are motivated to offer superior and more advanced services in order to gain a competitive edge in the market. To increase their market presence, vendors are using a variety of techniques, including product launches, regional growth, strategic alliances, partnerships, mergers, and acquisitions.

List of Market Players Profiled

• Xjet Ltd: Headquarters in Rehovot, Israel.
• Voxeljet AG: Headquarters in Friedberg, Germany.
• Stratasys Ltd (Objet Ltd): Headquarters in Eden Prairie, Minnesota, United States.
• Vader Systems: Headquarters in Buffalo, New York, United States.
• HP: Headquarters in Palo Alto, California, United States.
• 3D Systems Corporation: Headquarters in Rock Hill, South Carolina, United States.

Report Coverage

This report examines an understanding of the material jetting (MJ) equipment market’s size, share, growth rate, segmentation by type, application, key players, and previous and current market scenarios. The report also collects the market’s precise data and forecasts by market experts. Also, it describes the study of this industry’s financial performance, investments, growth, innovation marks, and new product launches by the top companies and offers deep insights into the current market structure, competitive analysis based on key players, key driving forces, and restraints that affect the demand for growth, opportunities, and risks.

Furthermore, the post-COVID-19 pandemic’s effects on international market restrictions and a deep understanding of how the industry will recover, and strategies are also stated in the report. The competitive landscape has also been examined in detail to provide clarification of the competitive landscape.

This report also discloses the research based on methodologies that define price trend analysis of target companies, collection of data, statistics, target competitors, import-export, information, and previous years’ records based on market sales. Moreover, all the significant factors which influence the market such as small or medium business industry, macro-economic indicators, value chain analysis, and demand-side dynamics, with all the major business players have been explained in detail. This analysis is subject to modification if the key players and feasible analysis of market dynamics change.