NEW YORK, March 4, 2021 / PRNewswire / – 3D Printer Market By Product, Technology, And Geography – Forecast and Analysis 2020-2024 report has been added to Technavio’s offering.
3D Printer Market by Product, Technology and Geography – Forecast and Analysis 2020-2024
The 3D printer market is expected to grow $ 14.49 billionwith a CAGR of over 39% in the forecast period. Get a free sample report in MINUTES
The demand for 3D custom products is one of the main drivers of market growth. However, factors such as the high cost of training the workforce will hamper market growth.
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3D printer market: technology landscape
Fused Deposition Modeling (FDM) technology is easy to use and uses filaments such as acrylonitrile butadiene styrene (ABS) and polylactic acid (PLA), which cost much less than materials used in selective laser sintering (SLS) and stereolithography (SLA) be used . These factors are expected to drive demand for FDM-based 3D printers, particularly in the automotive, aerospace and consumer electronics sectors. The market growth in this segment will be faster than the market growth in the SLS and SLA segments.
3D Printer Market: Geographic Landscape
North America was the largest 3D printer market in 2019 and the region will continue to offer market vendors the maximum growth opportunity over the forecast period. Factors such as increasing government investment and growing demand for 3D printers in the aerospace and defense, consumer electronics and healthcare sectors are driving the growth of the 3D printer market in this region. Over 34% of the market growth will come from North America during the forecast period. The US and Canada are the key markets for 3D printers in North America. The market growth in this region will be faster than the growth of the market in MEA and South America.
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Technavio suggests three forecast scenarios (optimistic, likely and pessimistic) that take into account the effects of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacts on market research reports.
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Main topics covered:
Summary
Market landscape
Market ecosystem
Value chain analysis
Market size
Five forces analysis
Market segmentation by product
Market segmentation by technology
FDM – Market Size and Forecast 2019-2024
SLS – Market size and forecast 2019-2024
SLA – Market size and forecast 2019-2024
Other – Market size and forecast 2019-2024
Customer landscape
Geographic landscape
Geographic segmentation
North America – Market size and forecast 2019-2024
Europe – Market size and forecast 2019-2024
APAC – Market size and forecast 2019-2024
South America – Market size and forecast 2019-2024
MEA – Market Size and Forecast 2019-2024
Major leading countries
Market opportunity by geography
Drivers, challenges and trends
Market leader
Volume drivers – demand-driven growth
Volume drivers – supply-oriented growth
Volume Driver – External Factors
Volume driver – shift in demand in adjacent markets
Price driver – inflation
Price drivers – change from cheaper to higher-priced units
Market challenges
Market trends
Supplier landscape
overview
Sales landscape
Landscape disturbance
Supplier analysis
appendix
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