NEW YORK, Oct. 24, 2023 — (PRNewswire) — The  3D printer market size is expected to grow by USD 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, Europe, APAC, South America, and Middle East and Africa). The market is driven by the increase in consumer interest in 3D customized products. Consumers are exhibiting high interest in customized 3D products. They are either ordering the product from the companies that provide customized products or are purchasing a desktop 3D printer to design and develop in-house 3D printed products. Besides, 3D printers are becoming more affordable, and the increasing disposable incomes of consumers are encouraging them to invest in 3D printers to develop customized products. Industrial professionals are also actively investing in 3D printers to develop customized products and reach the expectations of customers and increase profits.  The report analyses the market size and growth and provides accurate predictions on the growth of the market.  View a PDF Sample 

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., Materialise 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.
• 3D Printer Market is fragmented in nature.
• Market to observe 22.33% YOY growth in 2023.

Market Dynamics:

Trend

• The  increase in 3D printing outsourcing is a key trend in the market.
• Many companies are outsourcing 3D printing projects for both prototypes and production runs to cut down costs.
• The lack of equipment and the high cost of owning 3D printers are other major factors leading to a significant rise in the demand for 3D printing outsourcing services.
• Moreover, it requires the right knowledge and experience to operate the machine and to set up the right mix of materials.

Challenges

• The  high cost of training the workforce is a major factor hindering market growth.
• Providing technical training to the workforce on additive manufacturing is high as 3D printers and their materials come at a high cost.
• Several companies are investing in educating students on additive manufacturing to build the future workforce for the global 3D printer market.
• Many vendors in the market are also providing technical training for operators, developers, and designers on additive manufacturing.

The report also covers information on upcoming trends and challenges. Explore detailed information by purchasing a report

Keg Segments:

By product, the industrial 3D printer segment during the forecast period. The segment is driven by the increasing adoption of industrial 3D printers for designing, prototyping, and tooling in industries such as aerospace and defense, automotive, consumer electronics, and healthcare.  Get a glance at the market contribution of the segments, Request a Sample

Related Reports:

The  3D printing materials market size is estimated to grow at a CAGR of 22.51% between 2022 and 2027. 

The  3D Printing Market in Education Sector size is estimated to grow at a CAGR of 12.12% between 2022 and 2027. 

ToC:

Executive Summary

Market Landscape

Market Sizing

Historic Market Sizes

Five Forces Analysis

Market Segmentation by Product

Market Segmentation by Technology

Market Segmentation by Geography

Customer Landscape

Geographic Landscape

Drivers, Challenges, & Trends

Company Landscape

Company Analysis

Appendix

About Technavio

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SOURCE Technavio