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The 3D Printing Market in Education Sector size is estimated to grow at a CAGR of 12.12% between 2022 and 2027. The market size is forecast to increase by USD 858.59 million. The report includes historic market data from 2017 to 2021. It also extensively covers market segmentation by end-user (higher education and preK12), type (3D printing services, materials, and 3D printers), and geography (North America, Europe, Apac, South America, and Middle East and Africa). This report also includes an in-depth analysis of drivers, trends, and challenges.
Globally, educational institutions such as schools and universities are focusing on combining 3D printing technology into their classrooms and curriculums. Benefits offered by 3D printing technologies are among the factors that positively influence the assumption of 3D printing in education industry sector. 3D printing is capable of creating a real three-dimensional object, by using digital models in 3D CAD files. It increases the visual experience of pupils, making them more able to learn. Some of the benefits of using 3D printing in the education industry such as creativity and problem-solving skills, increased engagement and interactivity, and the increasing adoption of 3D printing by end-users in the education sector will drive the growth of the market in focus during the forecast period.
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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.
3D Systems Corp. - The company offers 3D printers in the education industry such as ProJet CJP 860Pro 3D printer.
The 3D printing market in Education Sector 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.
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North America is estimated to contribute 39% to the growth of the global market during the forecast period. In North America, the US is the leading market for 3D printing in the education industry. 3D printing for STEM education is gaining popularity in the region. The education sector in the region is one of the early adopters of innovative technologies. The use of 3D printing solutions is being promoted at several universities in the United States through training programs. The growing use of 3D printing solutions by educational institutions will increase sales of 3D printers in the region during the forecast period. Some of the prominent vendors operating in the 3D printing market in the education sector in North America are ExOne, Stratasys, Ultimaker, and 3D Systems. Such factors will increasse the market growth in this region during the forecast period.
The market share growth by the higher education segment will be significant during the forecast period. The higher education segment comprises colleges and universities. Students are prepared for working in a profession that requires critical thinking and collaboration skills because of the integration of 3D printing into education.
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The higher education segment shows a gradual increase in the market share of USD 381.78 million in 2017 and continue to grow by 2021. Some applications of 3D printing in education industry are suited for higher education and are being used by engineering students to design prototypes. Some applications are used for the study of medical laboratories to study body organs, and some art students use them to illustrate their works. Some universities are focusing on offering graduate courses to tackle legal issues in 3D printing. Such factors will increase the segment growth during the forecast period.
Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The company offers 3D printers in the education sector such as VX4000 3D printer is a primary trend in the market. In the education sector, there's a growing use of 3D printers. The benefits of 3D printing are one of the reasons for the rising adoption of these printers in the education industry. In view of the increase in adoption, some vendors on the market have also been encouraged to introduce new products.
Moreover, product portfolio expansions help vendors increase sales and their share in the global 3D printing market in the education sector. Sales will increase as new models of 3D printers are introduced into the education sector and, thereby, drive the growth of the global 3D printing market in the education sector during the forecast period.
The growing threat from 3D printing rental services in the education sector is a major challenge in the market growth. There are a lot of providers on the market offering 3D printing rental services for educational institutions. 3D printers available on a rental basis help educational institutions to avoid the initial investment associated with the purchase and installation of 3D printers.
However, educational institutions can integrate advanced variants of 3D printers for teaching and learning without buying the printers. Further companies are offered by the providers of 3D printers for rent to education institutions. The emergence of 3D printing rental services for the education sector will negatively affect the sales of new units and hamper the growth potential of the market in focus during the forecast period.
The report includes the adoption lifecycle of the market, from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on market penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global 3D Printing Market in Education Sector Customer Landscape
In 2020, due to the outbreak of the COVID-19 pandemic, US states declared that K-12 schools would remain closed for the remainder of the academic year and perhaps even longer. However, in 2021, due to the availability of vaccines and the decrease in the number of COVID-19 cases in the region, the nationwide lockdowns and COVID-19-related restrictions are gradually lifted. The demand for 3D printers and 3D printing services in the education sector has bounced back. Therefore, the regional market in focus will continue to witness growth during the forecast period.
The 3D printing market in education sector 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.
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3D Printing Market in Education Sector Scope |
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Report Coverage |
Details |
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Page number |
162 |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 12.12% |
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Market growth 2023-2027 |
USD 858.59 million |
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Market structure |
Fragmented |
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YoY growth 2022-2023(%) |
11.04 |
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Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
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Performing market contribution |
North America at 39% |
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Key countries |
US, Canada, China, UK, and Germany |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
3D Systems Corp., BigRep GmbH, Desktop Metal Inc., EOS GmbH, Formlabs Inc., Gizmo 3D Printers Pty Ltd., HP Inc., Kinpo Group, Markforged Holding Corp., MATERIALISE NV, Photocentric Ltd., Raise 3D Technologies Inc., Sculpto ApS, Shenzhen Creality 3D Technology Co. Ltd, Sindoh Co. Ltd., SLM Solutions Group AG, Stratasys Ltd., Ultimaker BV, voxeljet AG, and Robert Bosch GmbH |
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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, and Market condition analysis for the forecast period. |
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Customization purview |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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