Overview and Scope
3D printer is a machine which creates solid 3D objects from a digital blueprint.
Sizing and Forecast
The 3d printer market size has grown rapidly in recent years. It will grow from $20.98 billion in 2023 to $24.61 billion in 2024 at a compound annual growth rate (CAGR) of 17.3%. The growth in the historic period can be attributed to strong economic growth in emerging markets, increase in use of 3d printed products in automotive industry and rise in government investments in 3d printing.
The 3d printer market size is expected to see rapid growth in the next few years. It will grow to $48.67 billion in 2028 at a compound annual growth rate (CAGR) of 18.6%. The growth in the forecast period can be attributed to high demand for 3d printed medical devices during pandemic, growing demand for prototyping applications and government initiatives. Major trends in the forecast period include technological advancements by major companies in the 3d printer manufacturing market, rapid shift from prototyping to functional parts manufacturing, launch of innovative products to help expand product portfolio, use of 3d printers in the building and construction industry for green and environment-friendly projects and increase in mergers and acquisitions.
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Segmentation & Regional Insights
The 3d printer market covered in this report is segmented –
1) By Printer Type: Desktop 3D Printer, Industrial 3D Printer
2) By Technology: Stereolithography (SLA), Fused Deposition Modeling (FDM), Selective Laser Sintering (SLS), Direct Metal Laser Sintering (DMLS), PolyJet/MultiJet Printing (MJP), Inkjet Printing, Electron Beam Melting (EBM), Laser Metal Deposition (LMD), Direct Light Projection (DLP), Other Technologies
3) By End-use Industry: Automotive, Aerospace & Defense, Healthcare, Food, Construction & Architecture, Other End-Use Industries
North America was the largest region in the 3D printer market in 2023. Asia-Pacific was the second-largest region in the global 3D printer market report. The regions covered in the 3d printer market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The expanding automotive industry is expected to propel the growth of 3D printer market going forward. The automotive industry refers to a sector that involves various companies and organizations engaged in the design, development, manufacturing, marketing, selling, repairing, and modification of motor vehicles. 3D printing has revolutionized the automotive industry in several ways, including the ability to produce highly customized parts, reduce lead times and tooling costs, and create complex geometries that would be difficult or impossible to produce with traditional methods. For instance, in August 2023, according to the Board of Governors of the Federal Reserve System, a US-based government agency, total vehicle production in the United States increased to 11.77 million units in July, up from 10.91 million units in June. Therefore, the expanding automotive industry is driving the growth of the 3D printer market.
Key Industry Players
Major companies operating in the 3d printer market report are 3D Systems Corporation, Stratasys Ltd., GE Company, EOS GmbH, Hewlett Packard, SLM Solutions Group AG, The ExOne Company, Formlabs, MarkForged Inc., Voxeljet AG, Bharma3, JGroup Robotics, Altem, Novabeans, CMK Corporation, Modix, Karkhana.io, Breezam, Addentax, mago, BMF Precision, Fuji Xerox, Think 3D, UnionTech 3D, Sichuan Revotek, Regenovo Biotech, Tiertime, Shining 3D, Winsun, HuaShang Tenda, Prodways, BeAM, AddUp, 3D Ceram, The BigRep GmbH, Renishaw, AMMA Solutions, 3D Parts Ltd, Volumic, 3D Criar, 3D Procer, Alcateia, AMS, 3D Bioprinting Solutions, Anisoprint, AMT Spetsavia, UrbanAlps, Hewlett Packard (HP), Proto Labs, Materialise, Nano Dimension, Organovo, SondaSYS, Cosine Additive, 3D Print Pulse, Sethi3D, Sciaky Inc., BigRep 3D, Robtec, Optomec, Zortrax, Kikai Labs, CHIMAK 3D, Trimaker, Trideo, VOXEL 3D, 3D Manzil, 3Dvinci, Immensa, Shisan, Etba3ly 3D, Akhani 3D, Rapid 3D, Artec 3D, 3D Africa
The 3d printer market report table of contents includes:
1. Executive Summary
2. 3D Printer Market Characteristics
3. 3D Printer Market Trends And Strategies
4. 3D Printer Market – Macro Economic Scenario
5. Global 3D Printer Market Size and Growth
…
32. Global 3D Printer Market Competitive Benchmarking
33. Global 3D Printer Market Competitive Dashboard
34. Key Mergers And Acquisitions In The 3D Printer Market
35. 3D Printer Market Future Outlook and Potential Analysis
36. Appendix
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