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Global 3D Printer Market by Product, Technology, and Geography - Forecast and Analysis 2020-2024

  • Published: Apr 2021
  • Pages: 120
  • SKU: IRTNTR40791
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The 3D printer market share is expected to increase by USD 14.48 billion from 2019 to 2024, and the market's growth momentum will accelerate at a CAGR of 39.1%.

This market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by product (industrial 3D printer and desktop 3D printer), technology (FDM, SLS, SLA, and others), and geography (North America, Europe, APAC, South America, and MEA). The market report also offers information on several market vendors, including 3D Systems Corp., EOS GmbH Electro Optical Systems, Formlabs Inc., HP Inc., Materialise NV, Proto Labs Inc., SLM Solutions Group AG, Stratasys Ltd., Ultimaker BV, and XYZprinting Inc. among others.

What will the 3D Printer Market Size be During the Forecast Period?

Global 3D Printer Market Size

Download the Free Report Sample to Unlock the Market Size for the Forecast Period and Other Important Statistics

"The benefit of reducing time-to-market pressure is fostering the growth of the Japan 3D Printer market."

3D Printer Market: Key Drivers, Trends, and Challenges

The increase in consumer interest in 3D customized products is notably driving the market growth, although factors such as may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the 3D printer industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Market Driver

One of the key factors driving the data centre market growth is the increase in consumer interest in 3D customized products. Rising interest in customized 3D products either by ordering the product from the companies that provide customized products or by purchasing a desktop 3D printer, which will help them in designing and developing the 3D printed products in-house. Moreover, desktop 3D printers are becoming more affordable, due to which individual consumers are printing expensive products such as toys and home decor. However, the customization of products comes at a high cost. Consumers with a high disposable income are willing to invest in 3D printers, and other consumers are availing of the services offered by online vendors for customized products. Also, the rapid growth of 3D printing among entrepreneurs and consumers will continue to drive the South Korea 3D Printer market during the forecast period. Similarly, Materialize is an online 3D printing marketplace where customers can upload their 3D designs and choose from hundreds of different materials and finishes. Besides, rising interest of industry professionals in 3D printers to develop customized products and to reach the expectations of the customers to serve them better and increase profits. For such reasons, the increase in consumer interest in 3D customized products is expected to fuel the growth of the global market during the forecast period.

Key Market Trend

An increase in 3D printing outsourcing is another factor supporting the market growth in the forecast period. Outsourcing 3D printing is the business of hiring a third party to generate goods and services on behalf of a firm. Outsourcing is typically used to reduce the expenses of various production processes. Prototypes and production runs are both outsourced 3D printing projects. Many engineers and designers are abandoning their internal printers in favour of an external service provider due to 3D printing companies which can guarantee 24-hour production/delivery. Furthermore, due to a scarcity of equipment, there is a considerable surge in outsourced 3D printing. For instance, a corporation may have an SLA machine that prints resin parts, but if it wants to 3D print a metal part, it will need to invest in a metal printer, which is more expensive. Thus, outsourcing is the best option in such cases. Another reason for outsourcing is the lack of the right knowledge and experience to operate the machine and set up the right mix of materials.

Key Market Challenge

The high cost of training the workforce is another factor supporting the market growth in the forecast period. Basic training on 3D printers and the types of technologies and technical training are necessary at various levels such as designers, manufacturers, and consumers. Moreover, technical training helps the workforce understand the depth of technologies and helps decision-makers understand the ways of utilizing additive manufacturing. One of the main advantages of using additive manufacturing is the enhancement of the supply chain. Furthermore, advanced training must be given to understand material handling, preprocessing, and post-processing. However, the cost of training is high as 3D printers and their materials come at a high cost, which directly impacts the cost of training among the different levels of the workforce. Therefore, the high cost of training the workforce in additive manufacturing is expected to hinder the growth of the global market during the forecast period.

This market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2020-2024.

Parent Market Analysis

Technavio categorizes the global market as a part of the global industrial machinery market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the market during the forecast period.

Who are the Major 3D Printer Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • 3D Systems Corp.
  • EOS GmbH Electro Optical Systems
  • Formlabs Inc.
  • HP Inc.
  • Materialise NV
  • Proto Labs Inc.
  • SLM Solutions Group AG
  • Stratasys Ltd.
  • Ultimaker BV
  • XYZprinting Inc.

 

This statistical study of the market encompasses successful business strategies deployed by the key vendors. The market is concentrated and the vendors are deploying growth strategies such as product quality, price, economies of scale, operational cost, and innovation to compete in the market.

Product Insights and News

  • 3D Systems Corp. - The company offers 3D printers such as Metal Printer DMP Flex 350, DMP Factory 350, Plastic Printer Figure 4 Production, Figure 4 Modular, Metal Casting Printer ProX 800, ProJet MJP 2500 IC, and others.

To make the most of the opportunities and recover from post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

3D Printer Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Which are the Key Regions for 3D Printer Market?

Global 3D Printer Market Market segmentation by region

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34% of the market's growth will originate from North America during the forecast period. US and Canada are the key markets for 3D printers in North America. 

Increasing investments in additive manufacturing will facilitate market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

North America was one of the most severely affected regions by the pandemic in 2020. The rising number of cases compelled government authorities in the region to enforce complete lockdown restrictions. Such restrictions resulted in a market shutdown and led to significant disruptions in the supply chain of 3D printers, which negatively impacted the growth of the market. However, due to the rising number of COVID-19 cases and shortage of PPE kits, many vendors developed PPE and other essential devices using 3D printers.

What are the Revenue-generating Product Segments in the 3D Printer Market?

Global 3D Printer Market Segmentation

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The market share growth in the industrial 3D printer segment will be significant during the forecast period. Consumers are using 3D printers incorporating FDM technology to manufacture in-house toys and others such as cloths and plastic utensils. The aerospace industry is using FDM-based 3D printers as FDM uses high-grade and high-end performance materials that are ideal for aerospace and automotive applications.

This report provides an accurate prediction of the contribution of all the segments to the growth of the market size and actionable market insights on the post-COVID-19 impact on each segment.

 

3D Printer Market Scope

Report Coverage

Details

Page number

120

Base year

2019

Forecast period

2020-2024

Growth momentum & CAGR

Accelerate at a CAGR of 39.1%

Market growth 2020-2024

$ 14.48 billion

Market structure

Concentrated

YoY growth (%)

36.48

Regional analysis

North America, Europe, APAC, South America, and MEA

Performing market contribution

North America at 34%

Key consumer countries

US, Canada, Germany, China, and UK

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

3D Systems Corp., EOS GmbH Electro Optical Systems, Formlabs Inc., HP Inc., Materialise NV, Proto Labs Inc., SLM Solutions Group AG, Stratasys Ltd., Ultimaker BV, and XYZprinting Inc.

Market dynamics

Parent market analysis, 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

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What are the Key Data Covered in this 3D Printer Market Report?

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

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1 Executive Summary

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 01: Parent market
    • Exhibit 02: Market characteristics
  • 2.2 Value chain analysis
    • Exhibit 03: Value chain analysis : Industrial machinery

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 04: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 05: Market segments
  • 3.3 Market size 2020
  • 3.4 Market outlook: Forecast for 2020 - 2025
    • Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ million)
    • Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)

4 Five Forces Analysis

  • 4.1 Five forces summary
    • Exhibit 08: Five forces analysis 2020 & 2025
  • 4.2 Bargaining power of buyers
    • Exhibit 09: Bargaining power of buyers
  • 4.3 Bargaining power of suppliers
    • Exhibit 10: Bargaining power of suppliers
  • 4.4 Threat of new entrants
    • Exhibit 11: Threat of new entrants
  • 4.5 Threat of substitutes
    • Exhibit 12: Threat of substitutes
  • 4.6 Threat of rivalry
    • Exhibit 13: Threat of rivalry
  • 4.7 Market condition
    • Exhibit 14: Market condition - Five forces 2020

5 Market Segmentation by Product

  • 5.1 Market segments
    • Exhibit 15: Product - Market share 2020-2025 (%)
  • 5.2 Comparison by Product
    • Exhibit 16: Comparison by Product
  • 5.3 Industrial 3D printer - Market size and forecast 2020-2025
    • Exhibit 17: Industrial 3D printer - Market size and forecast 2020-2025 ($ million)
    • Exhibit 18: Industrial 3D printer - Year-over-year growth 2020-2025 (%)
  • 5.4 Desktop 3D printer - Market size and forecast 2020-2025
    • Exhibit 19: Desktop 3D printer - Market size and forecast 2020-2025 ($ million)
    • Exhibit 20: Desktop 3D printer - Year-over-year growth 2020-2025 (%)
  • 5.5 Market opportunity by Product
    • Exhibit 21: Market opportunity by Product

6 Market Segmentation by Technology

  • 6.1 Market segments
    • Exhibit 22: Technology - Market share 2020-2025 (%)
  • 6.2 Comparison by Technology
    • Exhibit 23: Comparison by Technology
  • 6.3 FDM - Market size and forecast 2020-2025
    • Exhibit 24: FDM - Market size and forecast 2020-2025 ($ million)
    • Exhibit 25: FDM - Year-over-year growth 2020-2025 (%)
  • 6.4 SLS - Market size and forecast 2020-2025
    • Exhibit 26: SLS - Market size and forecast 2020-2025 ($ million)
    • Exhibit 27: SLS - Year-over-year growth 2020-2025 (%)
  • 6.5 SLA - Market size and forecast 2020-2025
    • Exhibit 28: SLA - Market size and forecast 2020-2025 ($ million)
    • Exhibit 29: SLA - Year-over-year growth 2020-2025 (%)
  • 6.6 Others - Market size and forecast 2020-2025
    • Exhibit 30: Others - Market size and forecast 2020-2025 ($ million)
    • Exhibit 31: Others - Year-over-year growth 2020-2025 (%)
  • 6.7 Market opportunity by Technology
    • Exhibit 32: Market opportunity by Technology

7 Customer landscape

8 Geographic Landscape

  • 8.1 Geographic segmentation
    • Exhibit 34: Market share by geography 2020-2025 (%)
  • 8.2 Geographic comparison
    • Exhibit 35: Geographic comparison
  • 8.3 North America - Market size and forecast 2020-2025
    • Exhibit 36: North America - Market size and forecast 2020-2025 ($ million)
    • Exhibit 37: North America - Year-over-year growth 2020-2025 (%)
  • 8.4 Europe - Market size and forecast 2020-2025
    • Exhibit 38: Europe - Market size and forecast 2020-2025 ($ million)
    • Exhibit 39: Europe - Year-over-year growth 2020-2025 (%)
  • 8.5 APAC - Market size and forecast 2020-2025
    • Exhibit 40: APAC - Market size and forecast 2020-2025 ($ million)
    • Exhibit 41: APAC - Year-over-year growth 2020-2025 (%)
  • 8.6 South America - Market size and forecast 2020-2025
    • Exhibit 42: South America - Market size and forecast 2020-2025 ($ million)
    • Exhibit 43: South America - Year-over-year growth 2020-2025 (%)
  • 8.7 MEA - Market size and forecast 2020-2025
    • Exhibit 44: MEA - Market size and forecast 2020-2025 ($ million)
    • Exhibit 45: MEA - Year-over-year growth 2020-2025 (%)
  • 8.8 Key leading countries
    • Exhibit 46: Key leading countries
  • 8.9 Market opportunity by geography
    • Exhibit 47: Market opportunity by geography ($ million)

9 Drivers, Challenges, and Trends

  • 9.1 Market drivers
  • 9.2 Market challenges
    • Exhibit 48: Impact of drivers and challenges
  • 9.3 Market trends

10 Vendor Landscape

  • 10.1 Overview
    • Exhibit 49: Vendor landscape
  • 10.2 Landscape disruption
    • Exhibit 50: Landscape disruption
    • Exhibit 51: Industry risks

11 Vendor Analysis

  • 11.1 Vendors covered
    • Exhibit 52: Vendors covered
  • 11.2 Market positioning of vendors
    • Exhibit 53: Market positioning of vendors
    • Exhibit 54: 3D Systems Corp. - Overview
    • Exhibit 55: 3D Systems Corp. - Business segments
    • Exhibit 56: 3D Systems Corp. - Key news
    • Exhibit 57: 3D Systems Corp. - Key offerings
    • Exhibit 58: EOS GmbH Electro Optical Systems - Overview
    • Exhibit 59: EOS GmbH Electro Optical Systems - Product and service
    • Exhibit 60: EOS GmbH Electro Optical Systems - Key news
    • Exhibit 61: EOS GmbH Electro Optical Systems - Key offerings
    • Exhibit 62: Formlabs Inc. - Overview
    • Exhibit 63: Formlabs Inc. - Product and service
    • Exhibit 64: Formlabs Inc. - Key news
    • Exhibit 65: Formlabs Inc. - Key offerings
    • Exhibit 66: HP Inc. - Overview
    • Exhibit 67: HP Inc. - Business segments
    • Exhibit 68: HP Inc. - Key news
    • Exhibit 69: HP Inc. - Key offerings
    • Exhibit 70: HP Inc. - Segment focus
    • Exhibit 71: Materialise NV - Overview
    • Exhibit 72: Materialise NV - Business segments
    • Exhibit 73: Materialise NV - Key news
    • Exhibit 74: Materialise NV - Key offerings
    • Exhibit 75: Materialise NV - Segment focus
    • Exhibit 76: Proto Labs Inc. - Overview
    • Exhibit 77: Proto Labs Inc. - Product and service
    • Exhibit 78: Proto Labs Inc. - Key offerings
    • Exhibit 79: SLM Solutions Group AG - Overview
    • Exhibit 80: SLM Solutions Group AG - Business segments
    • Exhibit 81: SLM Solutions Group AG - Key news
    • Exhibit 82: SLM Solutions Group AG - Key offerings
    • Exhibit 83: SLM Solutions Group AG - Segment focus
    • Exhibit 84: Stratasys Ltd. - Overview
    • Exhibit 85: Stratasys Ltd. - Product and service
    • Exhibit 86: Stratasys Ltd. - Key news
    • Exhibit 87: Stratasys Ltd. - Key offerings
    • Exhibit 88: Ultimaker BV - Overview
    • Exhibit 89: Ultimaker BV - Product and service
    • Exhibit 90: Ultimaker BV - Key offerings
    • Exhibit 91: XYZPRINTING Inc. - Overview
    • Exhibit 92: XYZPRINTING Inc. - Product and service
    • Exhibit 93: XYZPRINTING Inc. - Key offerings
  • 11.3 3D

110 11.4

112 11.5

114 11.6

116 11.7

118 11.8

120 11.9

121 11.10

123 11.11

125 11.12

127 12.

129 12.1

130 12.2

131 12.3

133 12.4

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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3D Printer Market market growth will increase by $14.48 bn during 2020-2024.
The 3d printer market market is expected to grow at a CAGR of 39.1% during 2020-2024.
Technavio has segmented the 3d printer market market by product (industrial 3D printer, desktop 3D printer, SLA, and Others) ,technology (FDM, SLS, SLA, others, and MEA) , and geography (North America, Europe, APAC, South America, and MEA).
3D Systems Corp., EOS GmbH Electro Optical Systems, Formlabs Inc., HP Inc., Materialise NV, Proto Labs Inc., SLM Solutions Group AG, Stratasys Ltd., Ultimaker BV, XYZprinting Inc. are a few of the key vendors in the 3d printer market market.
North America will register the highest growth rate of 34% among the other regions. Therefore, the 3d printer market market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
  • US
  • Canada
  • Germany
  • China
  • UK
The key factors driving the 3d printer market market growth are:
  • 9.1.1 Increase in consumer interest in 3D customized products
  • Growing demand for new materials
The 3d printer market market vendors should focus on grabbing business opportunities from the industrial 3d printer segment as it accounted for the largest market share in the base year.
  • What are the key global market and the regional market share?
  • What are the revenue-generating key market segments?
  • What are the key factors driving and challenging this market’s growth?
  • Who are the key market vendors and their growth strategies?
  • What are the latest trends influencing the growth of this market?
  • What are the variables influencing the market growth in the primary regions?
  • What are the factors influencing the growth of the parent market?
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