LANDON, GREATER LANDON, UK, December 12, 2023 /EINPresswire.com/ — The global 3D printer market is poised for significant growth, with the market size expected to grow from $13.28 billion in 2022 to $15.67 billion billion US dollars in 2023, showing a compound annual growth rate (CAGR) of 18.0%. Looking forward, the market is expected to reach $27.14 billion by 2027, growing at a compound annual growth rate of 14.7%.
The global 3D printer market undergoes significant segmentation to meet different industry needs:
1. By printer type:
• Desktop 3D printer
• Industrial 3D printer
2. By Technology:
• Stereolithography (SLA)
• Fused Deposition Modeling (FDM)
• Selective laser sintering (SLS)
• Direct metal laser sintering (DMLS)
• PolyJet/MultiJet printing (MJP)
• Print with inkjet
• Electron beam melting (EBM)
• Laser metal deposition welding (LMD)
• Direct light projection (DLP)
• Other technologies
3. By end-use industry:
• Automobile
• Aerospace and Defense
• Healthcare
• Eat
• Construction and architecture
• Other end-use industries
Main driver: acceptance in the automotive industry
The increasing use of 3D printing products in the automotive sector is a key driver for the 3D printer manufacturing market. 3D printing makes it easier to produce lightweight vehicle components, resulting in reduced vehicle weight, improved performance, lower fuel consumption and improved efficiency in the manufacturing of injection molding equipment. For example, in 2022, Xact Metal launched the XM300G 3D printer, targeting industries such as aerospace, automotive, and general manufacturing. The demand for 3D printed products in the automotive industry is contributing to the increasing adoption of 3D printers in manufacturing.
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Key players driving innovation
Leading companies in the 3D printer market such as Stratasys, GE Additive, SLM Solutions, Voxeljet, Arcam AB, Hoganas AB, Groupe Gorgé, Renishaw PLC., Markforged Inc. and Made In Space are at the forefront of driving innovation.
Innovations: Faster and larger printers with expanded features
Major companies in the 3D printer manufacturing market are developing printers with larger capacity and faster printing capabilities. For example, Nexa3D’s Stereolithography Apparatus (SLA) 3D printer is said to be six times faster than competing machines and has a capacity 2.5 times larger. These advances aim to reduce project production time for prototypes from hours to minutes and demonstrate durability and ultra-fast 3D printing capabilities.
Regional dynamics: Leading market in North America
North America is the largest region in the 3D printer market in 2022, followed by Asia Pacific as the second largest region. The regions covered in the global 3D printer manufacturing market analysis report include Asia Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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TBRC’s 2023 3D Printer Global Market Report includes the following information:
• Market size date for the forecast period: Historical and Future
• Market analysis by region: Asia Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by country: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, Great Britain, USA.
Trends, opportunities, strategies and much more.
The 3D Printer Global Market Report 2023 by The Business Research Company is the most comprehensive report that provides insights into 3D Printer market size, 3D Printer market drivers and 3D Printer market trends, key players in the 3D Printer market, revenue of Competitors in the 3D printer market and 3D provides market positioning of printers and growth of the 3D printer market in different regions. The 3D Printer market report helps you gain detailed insights into opportunities and strategies. Companies can use the data in the report and target segments with the highest growth potential.
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