NEW
YORK, June 18, 2024 /PRNewswire/ -- The
global 3D desktop printer market size is estimated
to grow by USD 5.20 billion from
2024-2028, according to Technavio. The market is estimated to grow
at a CAGR of almost 20.28% during the forecast period.
Increasing demand for 3D-printed jewelry is driving market
growth, with a trend towards expansion of 3d printing in
direct digital manufacturing. However, adverse environmental
impact of additive manufacturing poses a challenge. Key
market players include 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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Forecast
period
|
2024-2028
|
Base Year
|
2023
|
Historic
Data
|
2018 - 2022
|
Segment
Covered
|
Material (Polymer,
Metal, and Ceramic), Technology (FDM, SLS, SLA, and Others), and
Geography (North America, Europe, APAC, South America, and Middle
East and Africa)
|
Region
Covered
|
North America, Europe,
APAC, South America, and Middle East and Africa
|
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.
|
Key Market Trends Fueling Growth
The integration of 3D printing in Direct Digital Manufacturing
(DDM) significantly benefits manufacturers by reducing lead times
and costs. This innovation enables designers to transfer new
designs without the need for retooling, simplifying the prototyping
process for low-volume and complex high-volume runs. The
digitalization of factories into IoT ecosystems enhances production
control and efficiency, driving the adoption of 3D desktop
printers. This trend positively impacts the growth of the global 3D
desktop printer market.
The 3D printing market has seen significant growth in the past
few years, with desktop printers becoming increasingly popular.
Three-dimensional printing technology provides businesses with the
ability to create complex parts and prototypes in-house, saving
time and resources. The use of 3D printing in manufacturing
processes has been on the rise, with sectors like automotive,
healthcare, and construction adopting this technology. The trend
towards more sustainable production methods has also contributed to
the growth of the 3D printing industry. Desktop printers offer
affordability and ease of use, making them a preferred choice for
small businesses and individuals. The market for 3D printing is
expected to continue growing, with semiconductor, electronics, and
aerospace industries showing strong interest. The use of advanced
materials like metal and ceramics in 3D printing is also gaining
traction, expanding the application areas for this technology. The
future looks bright for the 3D printing industry, with new
innovations and developments expected to drive growth.
Research report provides comprehensive data on
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Market Challenges
- The 3D desktop printer market faces challenges due to the
energy-intensive nature of additive manufacturing and the resulting
high energy consumption and greenhouse gas emissions. The use of
laser or heat technologies in 3D printing requires significant
power, leading to increased electricity usage compared to
traditional production methods. Additionally, the emission of
harmful particles such as volatile organic compounds (VOCs),
nanoparticles, and solvents during the melting process can
negatively impact the environment and human health. Proper
management of these particles through the use of well-ventilated
areas and air filters is essential to mitigate potential health
risks. These factors may hinder the growth of the global 3D desktop
printer market.
- The 3D desktop printing market is experiencing significant
growth, with an increasing number of businesses and individuals
adopting this technology. However, there are challenges that need
to be addressed to ensure its widespread adoption. One major
challenge is the high cost of 3D desktop printers, making them
inaccessible to many small businesses and individuals. Another
challenge is the limited material options available for 3D desktop
printing, which can limit the applications of these printers.
Additionally, the lack of standardization in the 3D desktop
printing industry can make it difficult for businesses to choose
the right printer for their needs. Lastly, the complexity of using
these printers can be a barrier for some users, requiring
specialized training and expertise. Despite these challenges, the
potential benefits of 3D desktop printing, such as faster
prototyping and customization, make it an attractive option for
businesses and individuals alike.
For more insights on driver and
challenges - Download a Sample Report
Segment Overview
This 3d desktop printer market report extensively covers market
segmentation by
- Material
- 1.1 Polymer
- 1.2 Metal
- 1.3 Ceramic
- Technology
- 2.1 FDM
- 2.2 SLS
- 2.3 SLA
- 2.4 Others
- Geography
- 3.1 North America
- 3.2 Europe
- 3.3 APAC
- 3.4 South America
- 3.5 Middle East and
Africa
1.1 Polymer- The 3D desktop printer market is
experiencing significant growth. Companies are investing in this
technology to produce customized products in-house. These printers
offer flexibility and efficiency, allowing businesses to create
prototypes and small production runs quickly. The market is driven
by the increasing demand for personalized and on-demand
manufacturing solutions. Businesses across various industries,
including healthcare, automotive, and education, are adopting 3D
desktop printers to streamline their operations and reduce costs.
The market is expected to continue expanding as the technology
becomes more accessible and affordable.
For more information on market segmentation with
geographical analysis including forecast (2024-2028) and historic
data (2018 - 2022) - Download a Sample Report
Research Analysis
The 3D desktop printer market encompasses the production and
distribution of advanced machinery utilized for rapid prototyping
and manufacturing in various industries. This technology, which
includes 3D printers, enables the creation of customized products
with complex structures and intricate designs. Intellectual
property concerns are addressed through standardized testing
methods and mechanical property evaluations. The automotive and
healthcare sectors, among others, have embraced this technology for
producing personalized products and components. Composite 3D
printing and AI integration are driving advancements in
professional and enterprise 3D printing applications. Energy,
power, semiconductor, and electronics industries also benefit from
this technology, contributing to its growth.
Market Research Overview
The 3D desktop printer market is experiencing significant growth
due to the increasing demand for rapid prototyping and
manufacturing applications. These printers offer the advantage of
producing complex geometries and structures in various materials,
including plastic and metal. The technology is widely used in
industries such as automotive, healthcare, education, and
architecture. The market is driven by factors such as the
decreasing cost of 3D printers, improving print quality, and the
expanding range of applications. Additionally, the ongoing research
and development in the field are leading to advancements in print
speed, material options, and printer capabilities. The market is
expected to continue its growth trajectory in the coming years.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Material
-
- Technology
-
- Geography
-
- North America
- Europe
- APAC
- South America
- Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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SOURCE Technavio