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The 3D desktop printer market size is projected to increase by USD 5.21 billion at a CAGR of 20.28% between 2023 and 2028. The growth depends on several factors, including increasing demand for 3-dimensional-printed jewelry, rising demand for quick prototyping, and Increasing acquisition strategies by companies. Desktop 3-dimensional printing refers to the manufacturing of 3-dimensional objects with desktop 3-dimensional printers. 3D printing is also known as additive printing technology or desktop fabrication and allows designers and manufacturers to develop objects using a computer-aided design (CAD) file and a variety of printing materials. The materials used in 3D printing include polymers, metals, and ceramics. The manufacturing of complex designs has become much easier with 3D printing methodologies.
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The market is experiencing significant growth due to the increasing demand for advanced manufacturing techniques in various industries. Rapid prototyping using 3D printing technology has become a game-changer in design development for customized products, complex part manufacturing, and personalized items. Structural design modeling and print-on-demand have become essential in sectors like automotive and healthcare, where standardized testing methods and mechanical properties are crucial. 3D printers, including composite 3D printing, have revolutionized manufacturing processes in the energy, power, semiconductor, and electronics industries. Artificial Intelligence (AI) integration in professional and enterprise 3D printing enhances efficiency and accuracy. Intellectual property concerns are being addressed through advanced machinery and technology, ensuring secure intellectual property rights. In summary, the market is thriving due to its ability to cater to the needs of various industries, offering customized solutions, and ensuring high mechanical properties through standardized testing methods. The future of manufacturing lies in the integration of advanced technology and 3D printing, making it an indispensable tool for businesses. Our researchers analyzed the market research and growth data with 2023 as the base year, along with the key market growth analysis, trends, and challenges. A holistic analysis of drivers, trends, and challenges will help companies refine their marketing strategies to gain a competitive advantage.
Increasing demand for 3D-printed jewelry is the key factor driving the growth of the market. Desktop 3D printers with rapid prototyping technology permit designers to easily validate design concepts and requirements for each jewelry design. Low manufacturing costs are another key factor in the widespread adoption of 3-dimensional printing technology in jewelry design.
Moreover, due to the increasing demand for 3-dimensional-printed jewelry, individual customers are turning to customized products as it is very expensive to customize products when designing jewelry. Therefore, the increasing demand for customized products is expected to increase the demand for 3-dimensional-printed jewelry and drive its adoption thereby boosting the global market during the forecast period.
Increasing new product launches is the primary trend shaping market growth. With the introduction of 3D printing technology and increasing consumer acceptance of 3-dimensional printers, key players are launching new products. key players are introducing new and advanced to increase share and profit margins.
For example, Formlabs, the world's leading 3-dimensional printing company, introduced the Form 3+ and Form 3B+ printers in January 2022, the fastest 3-dimensional printers currently accessible and available worldwide. Therefore, the introduction of new printers and accelerated development are expected to contribute to the growth of the global market during the forecast period
The high cost of training and encumbrances associated with 3D printing technology is a challenge that affects the growth of the market. Knowledge of 3D printers and technology enables optimal use of additive manufacturing and intelligent production. Therefore, various stakeholders, such as designers and manufacturers, need to be trained in additive manufacturing. However, due to the high cost of this and technology, the cost of training for employees is high.
Additionally, there is a lack of standardization in additive manufacturing in some organizations. Therefore, high training costs and limitations associated with this are likely to impede the growth of the global market during the forecast period.
The market share growth by the polymer segment will be significant during the forecast period. There is growing interest in using plastics to create 3D-printed shapes and parts due to the material's highly malleable assembly capabilities. Additionally, the researchers are conducting innovative research to advance new polymers by combining several polymers and blending them with existing crude components to ensure better performance of the final product.
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The polymer segment showed a gradual increase in the market share of USD 781.20 million in 2018. In addition, polylactic acid has high strength, expands less when heated than other materials, and has good adhesion to other materials. Owing to its advantages, the polymer segment is expected to grow significantly, thereby driving the growth of the global market during the forecast period.
Fused deposition modeling (FDM) is a technology found in consumer desktop 3D printers. FDM technology is low-cost and simple, making it ideal for consumer 3D printers. This technology is widely used for prototyping, production, and modeling applications. 3D printers using FDM technology are cost-effective and user-friendly. FDM printed objects have a variety of applications where the improved filament increases the durability of the object. Therefore, the advantages of FDM technology, such as affordability, ease of use, and scalability, will drive the adoption of these printers among consumers, thereby driving the growth of the global market during the forecast period.
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North America is estimated to contribute 34% to the growth of the global market during the forecast period. Technavio's analysts have provided an extensive insight into the market forecast, detailing the regional trends and drivers influencing the market's trajectory throughout the forecast period. The most important market in the region is the US, but the Canadian market is also expected to grow significantly. The growth in the region is accelerating due to the increasing development of customized products made from a wide range of materials. Additionally, the use of 3D-printed metal parts in government and private aerospace industries and rising defense spending in the region, especially in the US, are expected to drive the growth of the regional market during the forecast period.
The market forecasting report includes the adoption lifecycle of the market research and growth, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth and trends strategies.
Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
The research report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Million" for the period 2024 to 2028, as well as historical data from 2018 to 2022 for the following segments.
3D Printing Market in Healthcare Industry Size: 3D Printing Market in Healthcare Industry by Application, Technology, and Geography - Forecast and Analysis
3D Printing Metal Materials Market Size: 3D Printing Metal Materials Market Analysis North America, Europe, APAC, South America, Middle East and Africa - US, China, Germany, UK, France - Size and Forecast
3D Printing Market in Education Sector Size: 3D Printing Market in Education Sector by End-user, Type, and Geography - Forecast and Analysis
The Market is experiencing rapid growth due to advancements in design software, inspection software, and printer software. This technology is revolutionizing industries such as fashion and jewelry, dental or healthcare, and automotive by enabling personalized products and on-demand spare parts production. The printer segment includes both desktop printers and industrial printers, catering to diverse needs from small and medium-sized enterprises to large-scale manufacturers. In healthcare industries, 3D printable medicines and medical supplies like PPE kits are becoming increasingly common. The Pharma Kit is an innovation in this sector, allowing the production of 3D printable medicines tailored to individual patient needs.
The aerospace and defense sector benefits from industrial-grade 3D printing materials such as metal powders, high-performance polymers, and composite filaments for complex part manufacturing. Technologies like Direct Metal Laser Sintering, Selective Heat Sintering, Electron Beam Melting, and Selective Laser Melting play a crucial role in this transformation. AI and Enterprise 3D printing are enhancing mechanical properties and enabling standardized testing methods. Professional 3D printing is also evolving, with composite 3D printing offering robust solutions for jigs, fixtures, and spare parts. Large-scale 3D printing is now feasible with high-performance resins and thermoplastic materials. The market's expansion is supported by print-on-demand services and innovations in scanning software. The integration of AI, Internet of Things, and automation is driving efficiency in the power, semiconductor, and electronics sectors. As consumer goods companies and medical sectors adopt 3D desktop printing, the demand for professional-grade printers continues to surge, promising significant growth in the coming years.
Market Scope |
|
Report Coverage |
Details |
Page number |
180 |
Base year |
2023 |
Historic period |
2018 - 2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 20.28% |
Market growth 2024-2028 |
USD 5.21 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
16.34 |
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution |
North America at 34% |
Key countries |
US, China, Germany, Canada, and UK |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
3D Systems Corp., 3DCeram SAS, Autodesk Inc., Canon Inc., Carbon Inc., Dassault Systemes SE, Desktop Metal Inc., EOS GmbH, Formlabs Inc., Fusion3 Design LLC, General Electric Co., HP Inc., MATERIALISE NV, Proto Labs Inc., Renishaw Plc, Robert Bosch GmbH, SHAPEWAYS HOLDINGS INC., Stratasys Ltd., voxeljet AG, and XYZPRINTING Inc. |
Market dynamics |
Parent market analysis, market growth and forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Material
7 Market Segmentation by Technology
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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