NEW YORK, Oct 24, 2023 /PRNewswire/ — The 3D printer market is expected to grow by $25.10 billion between 2022 and 2027. However, the growth momentum of the market will accelerate at a CAGR of 23.49% during the forecast period. The market is segmented by product (industrial 3D printer and desktop 3D printer), technology (fused deposition modeling, selective laser sintering, stereolithography and others) and geography (North America, EuropeAPAC, South AmericaAnd middle East And Africa). The market is driven by increasing consumer interest in customized 3D products. Consumer interest in customized 3D products is high. They either order the product from the companies that offer customized products or they purchase a desktop 3D printer to design and develop their own 3D printing products. Additionally, 3D printers are becoming more affordable and consumers’ increasing disposable income is encouraging them to invest in 3D printers to develop customized products. Industry professionals are also actively investing in 3D printers to develop customized products, meet customer expectations and increase profits. The report analyzes the market size and growth and provides accurate market growth forecasts. View a PDF example
Technavio has announced its latest market research report titled Global 3D Printer Market 2023-2027
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., Materialize 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.
- The 3D printer market is fragmented.
- The market will witness a year-on-year growth of 22.33% in 2023.
Market dynamics:
trend
- The increasing outsourcing of 3D printers is a major trend in the market.
- Many companies outsource 3D printing projects for both prototypes and production runs to reduce costs.
- The lack of equipment and the high cost of owning 3D printers are other important factors leading to a significant increase in the demand for 3D printing outsourcing services.
- In addition, the right knowledge and experience is required to operate the machine and set the right material mix.
challenges
- The high cost of training the workforce is a major factor hindering market growth.
- Because 3D printers and their materials are expensive, providing technical training to the additive manufacturing workforce is critical.
- Several companies are investing in training students in additive manufacturing to build the future workforce for the global 3D printer market.
- Many providers on the market also offer technical training for operators, developers and designers on additive manufacturing.
The report also includes information on upcoming trends and challenges. Discover detailed information by purchasing a report
Barrel segments:
By product, the industrial 3D printers segment during the forecast period. The segment is driven by the increasing use of industrial 3D printers for design, prototyping and tooling in industries such as aerospace and defense, automotive, consumer electronics and healthcare. Get an overview of the market contribution of the segments and request a sample
Related reports:
The 3D printing materials market size is estimated to grow by 22.51% between 2022 and 2027.
The 3D printing market size in the education sector is estimated to grow by 12.12% between 2022 and 2027.
Table of contents:
Summary
Market landscape
Market sizing
Historical market sizes
Five Forces Analysis
Market segmentation by product
Market segmentation by technology
Market segmentation by geography
Customer landscape
Geographic landscape
Drivers, challenges and trends
Corporate landscape
Business analysis
Attachment
About Technavio
Technavio is a leading global technology research and consulting company. Her research and analysis focuses on trends in emerging markets and provides actionable insights that help companies identify market opportunities and develop effective strategies to optimize their market positions.
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