3D Printer Market to increase by USD 25.10 billion during 2022-2027, Increase in consumer interest in 3D customized products to drive the growth
NEW YORK, Oct. 24, 2023 /PRNewswire/ – The 3D Printer Market Size is expected to increase by USD 25,10 billion Between 2022 and 2027. But the market growth momentum will accelerate. CAGR of 23.49% The market is expected to grow at a CAGR of 12% during the forecasted period. The market is segmented into Product (Industrial 3D Printer and Desktop 3D Printer), Technology (Fused Deposition Modeling, Selective Laser Sintering, Stereolithography and Others), as well as Geography.North America, Europe, APAC, South America. Middle East You can also find out more about the following: Africa). The market is driven primarily by the Increased interest by consumers in 3D-customized products. Customers are showing a high level of interest in 3D-printed products that can be customized. Customers either order the customized product directly from the company or purchase a desktop 3D Printer to design their own 3D printed products. 3D printers have become more affordable. Moreover, the growing disposable income of consumers encourages them to purchase 3D printers for developing customized products. Industrial professionals are investing heavily in 3D printers as well to develop customized products that meet customer expectations and increase profits. The report provides accurate forecasts on market growth. Download a Sample PDF
The Key Highlights
- The report recognizes the following as some of the key players in the 3D printer market: 3D Systems Corp., Autodesk Inc., Desktop Metal Inc., EOS GmbH, Formlabs Inc, General Electric Co., HP Inc., JINHUA WANHAO SPARE PARTS CO. LTD., Materialise NV, N3 Technologies Inc., Nano Dimension Ltd., Organovo Holdings Inc., Proto Labs Inc., SLM Solutions Group AG, Stratasys Ltd., Ultimaker BV, voxeljet AG, XYZPRINTING Inc., YFC BonEagle ELECTRIC CO. LTD., and Zhejiang Flashforge 3D Technology Co. Ltd.
- 3D Printer Market fragmented.
- Market will grow by 22.33% YoY in 2023.
Market Dynamics
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- It is important to note that the word “you” means “you”. Increase in 3D Printing Outsourcing This is a major trend on the market.
- Cost-savings is a major reason why many companies outsource 3D printed projects, both for prototypes as well as production runs.
- Lack of equipment and high costs of 3D printer ownership are also major factors that have led to an increase in demand for 3D outsourcing services.
- The right knowledge and skills are required to run the machine and mix the right materials.
Challenges
- It is important to note that the word “you” means “you”. Cost of training a workforce This is a major obstacle to market growth.
- The cost of 3D printers, their materials and other additive manufacturing equipment makes it necessary to provide technical training for the workforce.
- Many companies invest in the education of students to learn about additive manufacturing, so that they can become the future workforce needed for the global market.
- Many suppliers in the market offer training on additive manufacturing for designers, developers, and operators.
This report also includes information on future trends and challenges. You can get detailed information when you purchase a report
Keg Segments:
By product, the industrial 3D printer segment During the forecasted period. The segment is driven primarily by the adoption of industrial 3D printing for prototyping and tooling purposes in industries like aerospace and defense and automotive. Request a Sample to see the contribution of each segment.
Related Reports
It is important to note that the word “you” means “you”. 3D printing materials market size is estimated to grow at a CAGR of 22.51% between 2022 and 2027.
It is important to note that the word “you” means “you”. 3D Printing Market in Education Sector size is estimated to grow at a CAGR of 12.12% between 2022 and 2027.
ToC:
Executive Summary
Market Landscape
Market Sizing
Market Sizes in the Past
Five Forces Analysis
Market Segmentation based on Product
Market Segmentation by Technologies
Market Segmentation by Geography
Customer Landscape
Geographic Landscape
Drivers, Challenges, & Trends
Company Portrait
Company Analysis
Appendix
Technavio
Technavio, a global leader in technology research and consulting, is one of the world’s leading companies. Their research and analyses focus on emerging trends in the market and provide insights that can be used to identify opportunities for businesses and to develop strategies to maximize their market position.
Technavio has over 500 analysts who are able to produce more than 17,000 different reports, which cover 800 technologies and 50 countries. Clients include enterprises of all sizes and more than 100 Fortune 500 firms. Technavio’s growing clientele relies on its comprehensive coverage, extensive market research, and actionable insights to identify new opportunities and assess their positions in changing market scenarios.
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