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The 3D desktop printer market size is estimated to grow by USD 3,264.1 million at a CAGR of 15.93% between 2022 and 2027. The growth depends on several factors, including increasing demand for 3D-printed jewelry, rising demand for quick prototyping, and Increasing acquisition strategies by companies. Desktop 3D printing refers to the manufacturing of 3D objects with desktop 3D 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.
It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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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 3D printing technology in jewelry design.
Moreover, due to the increasing demand for 3D-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 3D-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 3D 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 3D printing company, introduced the Form 3+ and Form 3B+ printers in January 2022, the fastest 3D 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 689.99 million in 2017. 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 with 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 35% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during 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 report includes the adoption lifecycle of the market, 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 growth strategies.
Global 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 20 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 report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
The market is a rapidly growing sector within advanced manufacturing, driven by the demand for rapid prototyping and the penetration of consumer electronic products. This market encompasses various aspects, including raw materials, machinery, and intellectual property concerns.
Key technologies in this market include stereolithography, fuse deposition modeling, selective laser sintering, and laminated object manufacturing, which are used for creating tooling and functional parts. The market is segmented into hardware, software, and services, with companies like Oechsler and Additive Manufacturing Technologies (AMT) leading in innovation and revenue share. The market serves a wide range of verticals, including education, fashion & jewelry, dental/healthcare, and food, highlighting its versatility and potential for growth. Factors such as industrialization, urbanization, and civil infrastructure development drive the market, while considerations like labor costs, reliability, and accuracy are critical for market success.
3D Desktop Printer Market Scope |
|
Report Coverage |
Details |
Page number |
171 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 15.93% |
Market growth 2023-2027 |
USD 3,264.1 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
14.99 |
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution |
North America at 35% |
Key countries |
US, Canada, China, Germany, 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., General Electric Co., HP Inc., MATERIALISE NV, Proto Labs Inc., Renishaw Plc, Robert Bosch GmbH, SHAPEWAYS HOLDINGS INC., Stratasys Ltd., voxeljet AG, XYZPRINTING Inc., and Fusion3 Design LLC |
Market dynamics |
Parent market analysis, Market 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 the 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.
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 Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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