3D Printer Market Worldwide Outlook, Market Size, Trend, Share, Development, Opportunity, Key Players and Forecast Till 2030
The Global 3D Printer Market is estimated to grow at a CAGR of 20.4% during the forecast period 2020-2030. As per the market analysis, the global 3D printer market is estimated to reach $39.9 billion by the end of the year 2030. The market is analysed considering the impact of COVID-19.
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The overall outlook of the global market is forecast in balanced manner by considering the impact of COVID-19. The market projection is used to study the global 3D printer market on the basis of various market segments and geographical locations.
The Global 3D Printer Market is driven by various growth factors that include increasing demand for 3D customized products and growing trend of customization. Furthermore, affordable price of desktop 3D printers is supporting the increasing trend of 3D customized products. Also, high disposable income to develop and design expensive 3D printed products like home décor in-house and toys.
Due to technological advancements, 3D printers are more affordable and viable devices. Amid the coronavirus outbreak, 3D printers witnessed a high demand to print face masks and other required equipment to contain the spread of disease. For instance, Fabheads Automation developed 3D-printed face shields by using flexible plastic frame. It fits on users face without elastic bands and uses inexpensive transparent sheet. Moreover, Greensboro Technology Department of Volvo Group Trucks of the Americas has also shifted their printing focus towards personal protection equipment (PPE) from truck parts for Volvo on a temporary basis. Hence, the key players in the marketplace are currently focusing on the production of PPE through the usage of 3D printers. Thus, the global 3D printers market witnessing a sudden spike in the growth.
Segmentation Overview of the Global 3D Printer Market
The Global 3D Printer Market is segmented into various segments that include Printer Type, Material Form, Technology and End User as the major market segments. These market segments are further categorized into various sub-segments to study the market in detail.
The Printer Type Segment of the Global 3D Printer Market is Sub-Segmented into:
- Industrial/Commercial 3D Printers
- Consumer/Desktop 3D Printers
The Material Form Segment of the Global 3D Printer Market is Sub-Segmented into:
- Liquid Printing Material
- Filament Printing Material
- Powder Printing Material
The Technology Segment of the Global 3D Printer Market is Sub-Segmented into:
- Fused Deposition Modelling (FDM)
- Selective Laser Sintering (SLS)
- Stereolithography (SLA)
- Digital Light Processing (DLP)
- Electron Beam Melting (EBM)
- Laminated Object Manufacturing (LOM)
- Other Technologies
The End-User Segment of the Global 3D Printer Market is Sub-Segmented into:
- Aerospace & Defence
- Consumer Goods & Electronics
- Industrial Manufacturing
- Power & Energy
- Food and Culinary
- Other End Users
Geographical Overview of the Global 3D Printer Market
Geographically, the 3D printer market is studied across Asia Pacific, Europe, North America, South America and Rest of the World. These regions are further categorized to study the market in detail. As per the analysis, the North America accounted as the largest market in the year 2019, and it is expected that the region will continue to follow the same trend during the forecast period. The regional dominance is due to increasing demand of 3D printers from the various industry verticals such as healthcare, consumer electronics and aerospace and defence and increasing government investments in the 3D printers is further boosting the regional growth over the forecast period.
Key Players Insights
Zortrax, XYZprinting Inc., Ultimaker BV, Tinkerine Studios Ltd., Tiertime Corporation, Stratasys Ltd., SLM Solutions Group AG, Shining 3D, Robo 3D, Proto Labs Inc., Printrbot, Mcor Technologies Ltd., Materialise NV, Markforged, Leapfrog 3D Printers, Hewlett-Packard Inc., Formlabs Inc., FlashForge Corporation, ExOne Co., EOS GmbH Electro Optical Systems, Desktop Metal, Arcam AB and 3D Systems Corporation are some major players included in the research study of the global 3D printer market.
The company profile section of the research report includes various sub-sections to study the company in detail. The sub-sections are company overview, product portfolio, financial performance, SWOT analysis and competitive landscape.
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