Expanding Applications and Technological Advancements Drive Growth in the Global 3D Printer Market
SkyQuest predicts that the 3D Printer market will be worth USD 149.4billion by 2030. This is a CAGR rate of 20,5% for the forecasted period (2023-2030). Installation services, consulting solutions, customer service, and handling copyrights and licensing are all part of the deployment of 3D printer technology. This technology is beneficial for manufacturers, as it allows them to reduce the time until market, design the final product, and prototyping. In the end, manufacturers have reduced their production costs and can now provide better products for a reasonable price.
Westford, USA (GLOBE NEWSWIRE), June 21, 2023 — According to SkyQuest small businesses are adopting desktop printers, and diversifying their operation to offer 3D printing And related services. This trend is most evident in the United States where the concept of “fabshops” is growing in popularity. These fabshops print parts and components on demand according to customer designs. Desktop printers are expected to be in high demand over the next couple of years.
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View the full TOC for “3D Printer Market”.
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Pages -242
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Tables – 63
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Figures – 75
A 3D printer is a technique that produces three-dimensional items by adding material in layers. The first step is to create a digital version of the object using computer-aided designs (CAD). The model is then sliced up into layers in order to convert it into the format that can be understood by a 3D Printer. The data file created is transferred to the 3D Printer and the settings are configured for the printing process.
3D Printer Market – Major Players
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Carbon, Inc.
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Stratasys
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3D Systems
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Ultimaker
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Formlabs
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HP Inc.
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EOS
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Materialise
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XYZprinting
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EnvisionTEC
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MakerBot
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Markforged
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Desktop Metal
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Renishaw
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SLM Solutions
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Prodways Group
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Arcam AB
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Mcor Technologies
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Optomec
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Additive Industries
Table of Contents and Summary of the Report:
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The Industrial Printers Segment dominates the Market due to The Growing Demand for Prototyping
During the forecast period, the industrial printer segment will continue to dominate the market. Initially, desktop 3-dimensional printers were mainly used by small businesses. However, now they are increasingly being used in the home and for domestic purposes. This trend is due to the affordable desktop printers that are easy to use, which make 3D printing more accessible. In the next few years, 3D printer demand is expected to increase.
North America will experience significant growth due to its track record in technology adoption. Market growth is anticipated to continue due to new product launches and innovation. Many 3D solution providers are increasing their footprint on the market in order to gain a stronger market presence.
Stereolithography Segment to Grow Market due to High Precision and Accuracy of Creating Complex Design
Stereolithography is the leading segment, with more than 10% of global revenue expected in 2022. The market is divided into different technologies such as stereolithography (FDM), laser metal deposition (LMD), electron beam melting (EBM), polyjet (inkjet), laser deposition (FDM), DMLS (direct metal laser sintering), SLS (selective laser sintering), and digital light processing (DLP).
The Asia Pacific region is expected to experience the fastest compound annual growth (CAGR). Manufacturers and governments in the Asia-Pacific region are supporting policies and legislation to create an environment that is sustainable for 3D printing. China could be the leader in adopting 3D printing technologies in the region due to significant funding provided by its government. This has led to an increase in research and development, and the creation of more 3D printer companies.
In a recent report, a comprehensive analysis of major players on the 3D printing market was conducted. The report covers a wide range of topics, such as collaborations, mergers and innovative business policies and strategies. It provides valuable insight into the key trends and breakthroughs on the market. In addition, the report examines market share for the top segments as well as a geographic analysis. The report also highlights the efforts of the leading players to create innovative solutions in order to meet the increasing demand.
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3D Printer Market: Key developments
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The 3D-printing technology has grown in popularity over the past few years because of its potential to revolutionize many industries. South Africa’s department of science and innovation launched a pilot program to build 25 houses in 2022 using 3D-printing technology. The project is aimed at combating housing shortages in South Africa, particularly in low-income neighborhoods. This initiative highlights 3D-printing technology’s potential to tackle some of society’s most critical challenges.
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3DGence, an European manufacturer, launched in 2022 the new industrial FFF machine INDUSTRY F421, which is compatible with high performance materials. AS9100 is a high-temperature polyether etherketone (PEEK) filament that was certified for use by the aerospace and defense sectors. These 3D-printing innovations show how the technology is able to adapt to a wide range of industry needs and applications.
3D Printer Market Report: Key Questions Answered
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What are the specific growth drivers projected to impact the market over the forecast period?
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What are the top three companies on the market? Explain how they achieved their position of influence.
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How do regional differences in trends and patterns affect the global market’s growth?
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