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The 3D desktop printer market size is forecast to increase by USD 5.21 billion at a CAGR of 20.28% between 2023 and 2028. The market is experiencing significant growth due to the increasing demand for rapid prototype development and expansion of 3D printing in direct digital manufacturing. Factors such as Fused Deposition Modeling (FDM) using thermoplastic materials, Selective Heat Sintering, Electron Beam Melting, and Selective Laser Melting are driving the market. Additionally, the emergence of large-scale 3D printing technologies like Composite 3D printing and the integration of Artificial Intelligence (AI) are expected to further boost the market. However, the market faces challenges such as the high cost of industrial printers and the adverse environmental impact of additive manufacturing, which may hinder market growth. Overall, the market is poised for growth, driven by technological advancements and increasing applications in various industries.
The global 3D desktop printer market is experiencing significant growth due to the increasing adoption of 3D printing technology in various industries, including rapid prototyping and advanced manufacturing. Machinery manufacturers are leveraging 3D printers for intellectual property concerns, allowing for the production of complex parts with intricate designs and customized products. The automotive and healthcare industries are major consumers of 3D printed parts, with applications ranging from prototyping and design development to print-on-demand production.
The market for 3D printers is expanding beyond traditional materials, with the emergence of composite 3D printing and the integration of AI for professional and enterprise applications. The energy, power, semiconductor, and electronics sectors are also exploring the potential of 3D printing for standardized testing methods and the production of mechanical components with specific mechanical properties. The trend towards personalized products and customized manufacturing is further driving the demand for advanced 3D printing solutions.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The polymer segment is estimated to witness significant growth during the forecast period. The market witnessed significant growth in the civil infrastructure sector in 2022, with plastic being the most commonly used material. The versatility of plastic in 3D printing applications is driving its demand, particularly for creating molds and functional parts. Plastic offers several advantages, including affordability, accessibility, and suitability for various extrusion processes. Researchers are also exploring the development of new polymers by blending multiple polymers and incorporating raw materials to enhance the final product's performance. One such example is polylactic acid, a biodegradable plastic derived from renewable sources like cornstarch. Its low melting point makes it an ideal choice for printing lightweight objects, making it popular among individual customers.
Technologies such as digital light processing (DLP), stereolithography (SLA), fused deposition modeling (FDM), selective laser sintering (SLS), and laminated object manufacturing (LOM) are used for 3D printing with plastic, metal, ceramic, and other materials. Design software plays a crucial role in the market, enabling users to create intricate designs and models before printing.
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The polymer segment accounted for USD 781.20 million in 2018 and showed a gradual increase during the forecast period.
North America is estimated to contribute 34% 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.
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The market in North America is projected to experience notable expansion over the upcoming years. The United States holds the largest market share in the region, while Canada is also anticipated to witness substantial growth during the forecast period. The growth of the market in North America is gaining momentum due to the rising trend of producing customized products using a diverse array of materials. Major players in the region contributing to the market growth include 3D Systems, Carbon, Formlabs, HP, and Stratasys. The region's market expansion is driven by escalating IT investments and digitalization among enterprises and start-ups. Three-dimensional printing technologies such as Digital Light Processing (DLP), Stereolithography (SLA), Fused Deposition Modeling (FDM), Selective Laser Sintering (SLS), and Laminated Object Manufacturing (LOM) are widely used for creating functional parts in plastic, metal, ceramic, and tooling applications.
Our researchers analyzed the data with 2023 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.
Increasing demand for 3D-printed jewelry is the key driver of the market. The market is experiencing significant growth due to the increasing adoption of 3D printing technology in advanced manufacturing sectors, particularly in rapid prototyping for jewelry design and consumer electronic products. This technology allows for intricate structural designs and modeling, which is essential for creating innovative and unique products. Intellectual property concerns are being addressed through advancements in hardware, software, and services, enabling secure and efficient intellectual property protection.
The cost-effective nature of 3D printing technology is a major factor driving its adoption, as it reduces the time and cost associated with traditional manufacturing methods. The jewelry industry is a notable adopter of 3D desktop printers, as designers can easily review and modify their designs, leading to increased consumer satisfaction and demand for new and innovative products. Overall, the market is expected to grow steadily during the forecast period, as more industries recognize the benefits of this technology for manufacturing and prototyping.
Expansion of 3D printing in direct digital manufacturing is the upcoming trend in the market. The market is experiencing significant growth due to the increasing adoption of direct digital manufacturing (DDM) in advanced manufacturing processes. DDM allows parts to be produced directly from CAD data, eliminating the need for purchasing various tools and reducing redesigning costs. With the integration of 3D printing technology into DDM, manufacturers can predict lead times and costs for various products, addressing management and budgeting challenges.
Intellectual property concerns are being addressed through the development of advanced hardware, software, and services. Consumer electronic products, in particular, are benefiting from this technology, as it enables rapid prototyping and structural design modeling. The 3D printing market is expected to continue its expansion, offering new opportunities for innovation in manufacturing processes.
The adverse environmental impact of additive manufacturing is a key challenge affecting the market growth. The market has witnessed significant growth due to the increasing adoption of 3D printing technology in advanced manufacturing and rapid prototyping. This innovative technology allows for the creation of intricate and customized designs, enabling structural design and modeling in various industries. The use of 3D-printed components in machinery and consumer electronic products reduces their overall weight, leading to energy savings.
However, the implementation of 3D printing technology comes with intellectual property concerns and the need for specialized hardware, software, and services. Despite these challenges, the benefits of 3D printing, including streamlined production processes and the ability to produce complex geometries, continue to drive market growth. However, it's important to note that 3D printing, also known as additive manufacturing, is an energy-intensive process that requires a significant amount of power to operate the laser or heat technologies used to fuse materials. This environmental impact is a concern that must be addressed as the market continues to evolve.
The market forecasting 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 market growth analysis strategies.
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.
3DCeram SAS: The company offers 3D desktops, including C101 Easy Fab.
The market research and growth report includes detailed analyses of the competitive landscape of the market and information about key 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 is witnessing significant growth due to the increasing adoption of 3D printing technology in various industries. This advanced manufacturing machinery is revolutionizing the way industries approach prototyping, structural design, and manufacturing of functional parts. The technology is used in the production of consumer electronic products, civil infrastructure, and various other sectors. 3D printing technology encompasses various techniques such as digital light processing, stereolithography, fused deposition modeling, selective laser sintering, laminated object manufacturing, and others. These techniques are used to create objects from plastic, metal, ceramic, and composite materials. The market for 3D printers includes both desktop printers and industrial printers. Desktop printers are popular for their affordability and ease of use, while industrial printers are preferred for large-scale manufacturing and production of complex parts.
.The market for 3D printers is segmented into various industries such as automotive, healthcare, electronics, and others. The market for 3D printing technology is driven by the demand for customized products, print-on-demand, and standardized testing methods. The use of AI in 3D printing is also gaining popularity, leading to the development of professional and enterprise 3D printing solutions. The market is also witnessing the emergence of composite 3D printing, energy-efficient 3D printers, and the use of high-performance polymers and metal powders in 3D printing. Intellectual property concerns and the need for inspection, printer, scanning, and design software are some of the challenges facing the market. However, the market is expected to grow significantly due to the increasing demand for personalized products, complex part manufacturing, and the use of 3D printing in various industries such as fashion and jewelry, dental or healthcare, food, and others.
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Market Scope |
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Report Coverage |
Details |
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Page number |
180 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 20.28% |
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Market growth 2024-2028 |
USD 5.21 billion |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
16.34 |
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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 34% |
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Key countries |
US, China, Germany, Canada, and UK |
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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., 3DCeram SAS, Autodesk Inc., Canon Inc., Carbon Inc., Dassault Systemes SE, Desktop Metal Inc., EOS GmbH, Formlabs Inc., Fusion3 Design LLC, General Electric Co., HP Inc., MATERIALISE NV, Proto Labs Inc., Renishaw Plc, Robert Bosch GmbH, SHAPEWAYS HOLDINGS INC., Stratasys Ltd., voxeljet AG, and XYZPRINTING Inc. |
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Market dynamics |
Parent market analysis, market growth inducers and obstacles, market forecast, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, market condition analysis for the forecast period |
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Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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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 Material
7 Market Segmentation by Technology
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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