3D Desktop Printer Market by Technology and Geography - Forecast and Analysis 2020-2024

The global 3D desktop printer market size has the potential to grow by USD 9.29 billion during 2020-2024, and the market’s growth momentum will accelerate during the forecast period because of the steady increase in year-over-year growth.

This report provides a detailed analysis of the market by technology (FDM, SLS, SLA, and others) and geography (APAC, Europe, MEA, North America, and South America). Also, the report analyzes the market’s competitive landscape. It offers information on several market vendors, including 3D Systems Corp., Canon Inc., Desktop Metal Inc., EOS GmbH Electro Optical Systems, Formlabs Inc., HP Inc., Proto Labs Inc., Stratasys Ltd., Ultimaker BV, and Xerox Corp.

Market Overview

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Market Competitive Analysis

The 3D desktop printer market is fragmented, and the degree of fragmentation will increase during the forecast period. The level of competition among the vendors is intense, and they are focusing on entering into strategic partnerships and collaborations with market participants such as software providers and technology providers. Xerox’s acquisition of the liquid metal jet 3D printers, Vader Systems, and the acquisition of the Lulzbot 3D printer manufacturer Aleph Objects Inc. by FAME 3D are some of the recent developments in the desktop 3D printer market. Stratasys Ltd., Ultimaker BV, and Xerox Corp. are some of the major market participants. Although the rising demand for quick prototyping will offer immense growth opportunities, the high cost of training and the limitations associated with technology will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

To help clients improve their market position, this 3D desktop printer market forecast report provides a detailed analysis of the market leaders. It offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and provides information on the products offered by various companies. Moreover, this 3D desktop printer market analysis report also includes information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.

This report provides information on the production, sustainability, and prospects of several leading 3D desktop printer companies, including:

• 3D Systems Corp.
• Canon Inc.
• Desktop Metal, Inc.
• EOS GmbH Electro Optical Systems
• Formlabs Inc.
• HP Inc.
• Proto Labs, Inc.
• Stratasys Ltd.
• Ultimaker BV
• Xerox Corp.

3D Desktop Printer Market: Segmentation by Region

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North America was the largest market for 3D desktop printers in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. The growing IT investments and digitalization among enterprises and start-ups, rising venture capital investments, and increasing government initiatives are some of the factors that will significantly influence desktop 3D printer market growth in the region.

Over 38% of the market’s growth will originate from North America during the forecast period. The US and Canada are the critical desktop 3D desktop printer markets in North America. Market growth in this region will be slower than the growth of the market in APAC.

3D Desktop Printer Market: Segmentation by Technology

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3D printers with FDM technology are less expensive and user-friendly. This technology is commonly used for prototyping, production, and modeling applications. Moreover, 3D printers with FDM technology are used to manufacture in-house products, ranging from toys to plastic utensils. The benefits of 3D desktop printers with FDM technology, such as affordability, user-friendliness, and scalability, contribute to the growth of the desktop 3D printer market in this segment.

Market growth in this segment will be faster than the growth of the market in SLS and others technology segments. This report provides an accurate prediction of the contribution of all the segments to the growth of the 3D desktop printer market size.

3D Desktop Printer Market: Key Drivers and Trends

Prototyping is majorly used in product development, as it gives designers and engineers the ability to modify their designs. Rapid prototyping is a methodology for which additive manufacturing was developed to deliver new efficiencies and productivity during the product design and development process. The integration of 3D printing technology in prototyping reduces the cost and time-to-market, faster development of better products, and same-day prototype production. The increasing demand for customized products is driving the adoption of rapid prototyping for the development of product designs as per customer requirements with greater accuracy, speed, and efficiency. The growing demand for quick and customized product designs will significantly influence 3D desktop printer market growth over the forecast period.

• Direct digital manufacturing (DDM) is the process that produces parts directly from CAD data. It is highly being adopted by several companies to remove the time lag between design and production, to eliminate investments in purchasing tools and eliminates redesigning costs.
• The integration of 3D printing with DDM helps manufacturers to predict the lead time and cost for a variety of products.
• It also provides product designers the freedom to adopt new technologies in their production and assembly processes.
• 3D printing with DDM simplifies the process of prototyping with low-volume manufacturing runs and complex products with higher volume runs, at a fixed cost structure, and with predictable lead times.
• The advent of digitalization has increased the connectivity in the industrial setting, allowing different types of manufacturing processes to work in a cycle.
• The high efficiency resulting from the adoption of additive techniques has a significant impact on the product design workflow. This will lead to the expansion of 3D printing in DDM, which is one of the critical 3D desktop printer market trends.
• During 2020-2024, the market will grow at a CAGR of almost 37%.

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3D Desktop Printer Market: Key Highlights of the Report for the Forecast Period 2020-2024

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will accelerate the 3D desktop printer market growth during the next five years
• Precise estimation of the global 3D desktop printer market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the 3D desktop printer industry across APAC, Europe, MEA, North America, and South America
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of 3D desktop printer manufacturers

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