3D Printer Market size was valued at USD 34.8 billion in 2019 and is poised to grow from USD 69.7 billion in 2023 to USD 149.4 billion by 2031, growing at a CAGR of 20.5% in the forecast period (2024-2031).
The Research report on 3D Printer Market presents a complete judgment of the market through strategic insights on future trends, growth factors, supplier landscape, demand landscape, Y-o-Y growth rate, CAGR, pricing analysis. It also provides and a lot of business matrices including Porters Five Forces Analysis, PESTLE Analysis, Value Chain Analysis, 4 Ps' Analysis, Market Attractiveness Analysis, BPS Analysis, Ecosystem Analysis.
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Segmental Analysis
- Componenthardware, software, and services
- TechnologyPrototyping Production Proof of Concept Others (R&D, Tooling, and Others)
Market Dynamics
3D Printer Market Drivers
Technological Advancement to Bolster Growth Opportunities
- Digital disruptions are massively affecting advanced manufacturing technologies in many nations worldwide. 3D technology has the potential to be used in the United States. This technology was included in the budget of the United States Department of Defense in 2018 as an important capability. Products aimed at additive and 3D printing manufacturing have been launched by even tech software giants like Autodesk, Microsoft, and HP. In a similar vein, China is putting in a lot of effort to keep the manufacturing industry's competitive index in the global market. Because Chinese manufacturers perceive this technology as both a danger and an opportunity for the Chinese manufacturing economy, they frequently make investments in its research and development. India, on the other hand, sees this technology as a chance to increase its share of the global manufacturing competitiveness. The "Make in India" Initiative and other active government programs support India's market.
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By Regions and Countries
o North America
o Europe
o Asia-Pacific
o South America
o Middle East & Africa
Following are the players analyzed in the report
- Carbon, Inc.
- Stratasys
- 3D Systems
- Ultimaker
- Formlabs
- HP Inc.
- EOS
- Materialise
- XYZprinting
- EnvisionTEC
- MakerBot
- Markforged
- Desktop Metal
- Renishaw
- SLM Solutions
- Prodways Group
- Arcam AB
- Mcor Technologies
- Optomec
- Additive Industries
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The research provides answers to the following key questions:
• What is the estimated growth rate of the market for the forecast period 2024-2031? What will be the market size during the estimated period?
• What are the key driving forces responsible for shaping the fate of the 3D Printer Market during the forecast period?
• Who are the major market vendors and what are the winning strategies that have helped them occupy a strong foothold in the 3D Printer Market?
• What are the prominent market trends influencing the development of the 3D Printer Market across different regions?
• What are the major threats and challenges likely to act as a barrier in the growth of the 3D Printer Market?
• What are the major opportunities the market leaders can rely on to gain success and profitability?