Global 3D Printer Market Report 2021: Growth and Change from COVID-19 to 2030
The Business Research Company’s Global 3D Printer Market Report 2021: Growth and Change from COVID-19 to 2030
LONDON, GREATER LONDON, UK, 23rd March 2021 /EINPresswire.com/ – Our reports have been revised regarding market size, forecasts and strategies for 2021 after the impact of COVID-19:
The TBRC 3D printing industry outlook shows that large companies in the 3D printer manufacturing market are making printers that have tremendous capacity and can print faster than traditional 3D printers. For example, Nexa3D’s stereolithography (SLA) 3D printer is six times faster than its competitors’ machines, and its capacity would also be 2.5 times larger. The project production time for prototypes is also reduced from hours to minutes and equipped with durable materials that can withstand ultra-fast 3D printing. In 2019 Nexa3D presented its new SLA machine, the NXE400 3D printer, to the North American market.
Other trends in the 3D printer market are mergers and acquisitions. In February 2019, Xerox, the American manufacturer of printers and photocopiers, acquired Vader Systems for an undisclosed amount. This acquisition helps Xerox gain access to a total addressable market (TAM) of $ 8 billion for additive / digital manufacturing. Vader Systems is a New York-based manufacturer of liquid metal jet 3D printers.
Key players in the 3D printer manufacturing market are Stratasys, GE Additive, SLM Solutions, Voxeljet, Arcam AB, Hoganas AB, Groupe Gorgé, Renishaw PLC., Markforged Inc., Made In Space, Proto Labs Inc. and Tiertime.
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The global 3D printer market is forecast to grow from $ 8.62 billion in 2020 to $ 11.1 billion in 2021, with an average annual growth rate (CAGR) of 28.8%. The global growth of the 3D printing market is mainly due to companies resuming business and adjusting to the new normal while recovering from the effects of COVID-19 that previously led to restrictive containment measures called social distancing , Remote working and the closure of commercial activities all included operational challenges. The 3D printer manufacturing market is projected to reach $ 25.26 billion in 2025 with an annual growth rate of 23%. The 3D printer market share countries covered in the TBRC report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the US.
The 3D Printer Manufacturing Market Covered In This Report Is Segmented Into Desktop 3D Printer And Industrial 3D Printer By Printer Type. It is also according to technology in Stereolithography (SLA), Fused Deposition Modeling (FDM), Selective Laser Sintering (SLS), Direct Metal Laser Sintering (DMLS), Polyjet / Multijet Printing (MJP), Inkjet Printing, Electron Beam Melting (EBM), Laser Metal Deposition (LMD) , Direct Light Projection (DLP), others and after end-use industries in automotive, aerospace and defense, healthcare, food, construction and architecture, others.
Global 3D Printer Market Report 2021: COVID-19 Growth and Change by 2030 is one of a series of new reports from The Business Research Company that provide an overview of the 3D Printer market along with forecast of the market size and growth of 3D Provide Printers for Whole Market and 3D Printer Market by Segments and Regions, 3D Printer Market Trends, 3D Printer Market Drivers, Restrictions, Revenues, Profiles, and Market Shares of Leading Competitors.
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March 23, 2021, 10:38 GMT
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