The “Desktop 3D Printer Market 2023” The research report provides a comprehensive analysis of the competitive market landscape, focusing on key metrics such as production volume, profit and revenue. Additionally, the report delves into the intricacies of supply chain analysis of leading industry players.
The global desktop 3D printer market size was $71.79 billion in 2021. The global desktop 3D printer market is forecast to grow to $410.1 billion by 2030, with a compound annual growth rate (CAGR) of 21.5% during the forecast period from 2022 to 2030.
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The success of the global market will lead to innovative business goals and competitive advantages. The report offers a panoramic view of the business environment, product specifications and applications, providing valuable insights into the industry. Furthermore, it examines the contributions of each region and market participant to the industry and highlights import/export statistics, consumer demand, production capacity and price dynamics.
What is noteworthy is that many well-known desktop 3D printer companies appear to be inadvertently accelerating their own demise by pursuing consolidation strategies aimed at increasing profitability and reducing costs. The desktop 3D printer industry seems to have shifted its focus from developing new concepts and products. Instead, the company has gradually introduced innovations within its existing product portfolios, with most innovation efforts aimed at maintaining or modestly expanding current business operations. In addition, the industry is exploring alternative raw materials and energy sources such as biogas, hydrogen and electric heating that could potentially replace natural gas.
Factors affecting the market
Desktop 3D printers find their wide application in various industries such as education and arts, fashion and aesthetics, toys and consumer goods, household goods, healthcare, etc. This will drive the growth of the global desktop 3D printer market during the study period.
The growing number of government funding will boost the growth of the global desktop 3D printer market. Due to government support, various desktop 3D printer manufacturers have seen a surge in sales growth. For example, the Chinese government has introduced a new policy to install a 3D printer in around 400,000 primary schools. Such initiatives are predicted to boost the growth of the global desktop 3D printer market.
The falling cost of desktop 3D printers is predicted to provide numerous growth opportunities for the desktop 3D printer market. In addition, the contribution of 3D printing technology to innovation of new technologies will increase the market growth during the study period.
The growing number of innovations, partnerships and launches will accelerate market growth. For example, MakerBot entered into a pact with D&H in 2015. The goal of this partnership is to distribute 3D printers and scanners in the education, healthcare and government sectors.
COVID-19 Impact Analysis
The sudden outbreak of the COVID-19 pandemic caused a pause in the manufacturing of desktop 3D printers. Due to the pandemic, manufacturing units were left with no option but to suspend their activities for a short period of time. In addition, the shortage of labor and raw materials further limited the growth of the desktop 3D printer market. Additionally, the pandemic also impacted end-use industries’ demand for the technology, which ultimately limited market growth.
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Regional analysis
The Asia Pacific desktop 3D printer market is expected to grow at the highest growth rate due to the contribution from emerging economies such as China and India. China is predicted to dominate the regional market in terms of sales. This is due to the presence of significant manufacturing units in these markets. Furthermore, increasing healthcare expenditure and favorable policies of governments will contribute to the growth of the market.
competitors on the market
- 3DCeram
- Canon, Inc.
- Autodesk, Inc.
- Ark AB
- 3D Systems, Inc.
- EnvisionTec, Inc.
- ExOne
- Made in space
- Optomec, Inc.
- Proto Labs, Inc.
- Shapeways, Inc.
- Stratasys Ltd.
- Animal time
- AG voxels
- Dassault Systems
- EOS (Electro-Optical Systems) GmbH
- GE Additives, HP Inc.
- Materialize NV.
- Organovo Holdings Inc.
- Other prominent players
At the end of 2022, the desktop 3D printer industry experienced workforce growth. In January, employment levels in the industry exceeded pre-COVID levels, with the number of employees increasing by more than 15,000 people throughout 2022. Global production of desktop 3D printers recorded a 5.2% increase in 2021, driven by global economic recovery and increasing demand for raw materials. However, in 2022, global industrial production fell after the 2021 boom, driven by changes in consumer behavior and large-scale fiscal stimulus.
The outlook for global desktop 3D printer production in 2023 suggests a projected growth rate of 2.9%. This growth is expected as production in Western Europe gradually regains momentum from recent lows and production in Asia Pacific recovers. Notably, China maintains its position as the world’s largest manufacturer and consumer of desktop 3D printer products, accounting for nearly 45% of the global market. Since 2010, China’s market share has recorded steady year-on-year growth and contributes significantly to the country’s GDP. China is also a leader in the export of various products in the industry, including silicone, PVC and certain desktop 3D printer market segments.
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Market segmentation
The global desktop 3D printer market segmentation focuses on components, applications and regions.
By components
• 3D printing materials
• Technologies
On application
• Education and the arts
• Fashion and aesthetics
• Toys and consumer devices
• Household items
• Healthcare
• Others (prototyping, research and development, food, molding, commercial products).
By region
- North America
- The USA
- Canada
- Mexico
- Europe
- Western Europe
- The UK
- Germany
- France
- Italy
- Spain
- Rest of Western Europe
- Eastern Europe
- Poland
- Russia
- Rest of Eastern Europe
- Asia Pacific
- China
- India
- Japan
- Australia and New Zealand
- ASEAN
- Rest of Asia Pacific
- Middle East and Africa (MEA)
- United Arab Emirates
- Saudi Arabia
- South Africa
- Rest of MEA
- South America
- Brazil
- Argentina
- Rest of South America
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The report is structured as follows:
Chapter 1: Provides an overview of the global desktop 3D printer industry.
Chapter 3: Explores market dynamics.
Chapter 4: Profiles of the top companies in the industry.
Chapter 5: Analyzes the global market competition among players.
Chapter 6: Examines the size of the market in different regions.
Chapter 7: Focuses on market segments by application.
Chapter 8: Industry Segment Insights by Type.
Chapter 9: Covers the market chain, sourcing strategies, and downstream buyers.
Chapter 10: Discusses strategies and key policies of distributors, suppliers and dealers.
Chapter 11: Analyzes the key marketing strategies of market vendors.
Chapter 12: Examines factors affecting market dynamics.
Chapter 13: Predicts the global desktop 3D printer market size for 2023-2031 and beyond.
The report aims to answer key market research and analysis questions such as:
How big is the current market, both in terms of value and volume?
What has been the historical growth rate and what are the projected future growth rates?
Who are the main players and what is their market share?
What are the prevailing market trends and dynamics?
What are the main drivers of market growth?
What challenges and obstacles do market participants face?
What new opportunities are there on the market?
What does the competitive landscape look like?
What are consumer preferences, behaviors and purchasing patterns?
How are different market segments developing?
What pricing trends and strategies can be observed?
What are the distribution channels and their effectiveness?
Are there regulatory and legal factors affecting the market?
The report provides a comprehensive and in-depth analysis of the global desktop 3D printer market, providing stakeholders with valuable insights to make informed decisions in this dynamic industry.
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