NEW YORK, March 14, 2024 /PRNewswire/ — The 3D printer market is expected to grow by $25.09 billion from 2022 to 2027, at a CAGR of 23.49%. Rising consumer demand for personalized products is leading to a paradigm shift in the B2B landscape. Companies are capitalizing on this trend by offering customized solutions using desktop 3D printing technology. These affordable yet powerful printers enable businesses to efficiently meet diverse customer needs. Meanwhile, industry experts are using 3D printing to raise service standards and increase profitability. This dynamic market growth is transforming additive manufacturing, prototyping and research and development in sectors such as healthcare. As companies adapt to changing customer expectations, the potential for innovation and revenue generation in the B2B sector is unparalleled.
Technavio has announced its latest market research report titled Global 3D Printer Market 2024-2028
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Report coverage |
details |
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Page number |
172 |
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Base year |
2023 |
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Historical period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth dynamics and CAGR |
Accelerate with a CAGR of 23.16% |
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Market growth 2024-2028 |
$30.00 billion |
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Market structure |
Fragmented |
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Year-on-year growth 2023-2024 (%) |
22.4 |
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Regional analysis |
North America, Europe, APAC, South America and Middle East & Africa |
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make a market contribution |
North America at 36% |
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Key countries |
USA, Canada, China, Germany and Great Britain |
This report covers market and segment size charts and data tables for a historical period of five years (2017-2021). Download the free sample report
Technavio comprehensively analyzed 15 major companies including 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.
Key Benefits of Purchasing this Report
- The report provides information on the criticality of company inputs, including research and development, capital expenditures and technology.
- Additionally, detailed analyzes of the market’s competitive landscape and companies’ product offerings are provided.
- The report also provides qualitative and quantitative analysis of the companies to help clients understand the broader business environment as well as the strengths and weaknesses of key market participants. The data is analyzed qualitatively to categorize companies into pure-play, category-oriented, industry-oriented and diversified companies. It is quantitatively analyzed to categorize companies into dominant, leading, strong, hesitant and weak.
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Segmentation assessment
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 share growth of the industrial 3D printer segment is significant during the forecast period. The industrial 3D printer segment has emerged as the largest sector in the global 3D printer market in 2022 and is expected to maintain its dominance throughout the forecast period. This dominance is primarily due to the increasing adoption of industrial 3D printers in various industries, including aerospace and defense, automotive, consumer electronics and healthcare, for purposes such as design, prototyping and tool making. The aerospace industry in particular makes extensive use of additive manufacturing to produce complex components such as jet engines, injectors and valves.
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Analyst Rating
The 3D printing market has seen significant growth, particularly in the aerospace and defense sectors North America. Additive manufacturing (AM) techniques allow adding material layer by layer based on a three-dimensional file, facilitated by advanced software solutions. Companies that offer 3D printers also offer installation services, consulting solutions, and robust customer support.
Intellectual property issues such as copyrights, licenses and patents play a critical role in helping manufacturers manage their production costs and eliminate misconceptions about small and medium-sized manufacturers. While prototyping processes remain an important focus for small and medium-sized businesses, the technical expertise required highlights the importance of technical knowledge and standard process controls.
The market exhibits market concentration, with mergers and acquisitions dotting the landscape, led by prominent players subject to regulatory scrutiny to ensure the safety and quality of printed products. Investments in research and development are driving innovation, impacting the manufacturing sector and challenging traditional methods such as injection molding and CNC machining.
Industrial printers supply various industries with specialized design software, inspection software and printer software. Functional parts find application across all automotive segments, with increasing prototyping applications and contributions in the power and energy sector.
In the metal segment, in addition to polymer and ceramic materials, advances in hardware and software are strengthening the range of services in various industries. The automotive 3D printing market shows promising growth, reflected in the compound annual growth rate (CAGR) forecasts, with emphasis on continued research and development for prototyping applications in industries such as aerospace and defense.
Investing in development and reducing time to market is critical for small and medium-sized manufacturers and requires technical knowledge and standard process controls. Market dynamics are influenced by the market for 3D printing materials, printing technologies and applications, with mergers and acquisitions driving market consolidation and strategic expansion.
Regulatory control ensures safety and quality, particularly in medical devices, promotes compliance with industry standards, and encourages wider adoption of 3D printing technologies. As the manufacturing sector evolves beyond traditional methods, new technologies meet different needs across industrial printer segments and desktop 3D printers. From heavy industry to household and household uses, 3D printing is penetrating various sectors, shaping innovation and market growth in healthcare, aerospace, automotive and beyond.
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Market overview
The 3D printing market in the aerospace and defense sector is witnessing significant growth, especially in North America. Additive manufacturing techniques (AM) such as layer-by-layer addition are revolutionizing production processes. This market relies heavily on 3D printers that can convert a three-dimensional file into physical objects. State-of-the-art software enables complex designs, while installation services ensure seamless integration. North America A robust infrastructure promotes innovation and acceptance. As demands for precision and customization increase, the 3D printing market continues to grow and change the manufacturing landscape.
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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. With over 500 specialized analysts, Technavio’s report library includes more than 17,000 reports and counting, covering 800 technologies in 50 countries. Their customer base consists of companies of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s comprehensive reporting, extensive research and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions in changing market scenarios.
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