SkyQuest predicts that the 3D Printer market will be worth USD 149.4billion by 2030. This is a CAGR rate of 20,5% for the forecasted period (2023-2030). Installation services, consulting solutions, customer service, and handling copyrights and licensing are all part of the deployment of 3D printer technology. This technology is beneficial for manufacturers, as it allows them to reduce the time until market, design the final product, and prototyping. The result is that production costs have been reduced significantly and manufacturers are now able to offer better products at affordable prices.
Westford, USA (GLOBE NEWSWIRE), June 21, 2023 — According to SkyQuest small businesses are adopting desktop printers, and diversifying their operation to offer 3D printing And related services. This trend is most evident in the United States where the concept of “fabshops” is growing in popularity. These fabshops provide 3D printing on demand of parts and component according to designs and requirements supplied by customers. The demand for desktop printers will therefore increase significantly in the next few years.
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View the full TOC for “3D Printer Market”.
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Pages – 242
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Tables – 63
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Figures – 75
A 3D printer is a technique that produces three-dimensional items by adding material in layers. The first step is to create a digital version of the object using computer-aided designs (CAD). Then, the model will be sliced into multiple layers so that it can be converted into a 3D format. The 3D printer is configured with the printer settings and then the data file generated by the 3D printer is transferred.
The 3D Printer Market: Major Players
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Carbon, Inc.
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Stratasys
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3D Systems
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Ultimaker
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Formlabs
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HP Inc.
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EOS
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Materialise
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XYZprinting
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EnvisionTEC
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MakerBot
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Markforged
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Desktop Metal
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Renishaw
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SLM Solutions
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Prodways Group
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Arcam AB
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Mcor Technologies
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Optomec
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Additive Industries
Table of Contents and Summary of the Report:
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The Industrial Printers segment dominates the market due to Prototyping Demand is Growing
During the forecasted period, it is expected that the industrial printer segment continues to dominate the market. Although desktop 3-dimensional printing was originally limited to small business, it is now increasingly being used for domestic and household purposes. This trend can be explained by the affordability and ease of use of desktop printers. They have made 3D printing available to a larger audience. The demand for 3D Printers will continue to rise in the future.
North America’s strong record of adopting technology is expected to lead to significant growth. Market growth is anticipated to continue due to new product launches and innovation. Many 3D solution providers are increasing their footprint on the market in order to gain a stronger market presence.
Stereolithography Segment to grow the market due to its accuracy and precision in creating complex designs
In 2022, the stereolithography segment will account for more than 10 percent of the global revenue. The market has been segmented by technologies including stereolithography and fuse deposition modeling, direct metal lasersintering, selective lasersintering, inkjet, Polyjet, laser metal sintering, electron beam melt (EBM), laminated object manufacture, digital light processing and others.
The Asia Pacific region is expected to experience the fastest compound annual growth (CAGR). Manufacturers and governments in the Asia-Pacific region are supporting policies and legislation to create an environment that is sustainable for 3D printing. China’s government has provided significant funding to this sector, which may be driving the adoption of 3D printer technology in the area. This has led to an increase in research and development, and the creation of more 3D printer companies.
In a recent report, a comprehensive analysis of major players on the 3D printing market was conducted. The report covers a wide range of topics, such as collaborations, mergers and innovative business policies and strategies. It provides valuable insight into the key trends and breakthroughs on the market. In addition, the report examines market share for the top segments as well as presenting a detailed analysis of geography. The report also highlights the efforts of the leading players to create innovative solutions in order to meet the increasing demand.
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3D Printer Market: Key developments
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The 3D-printing technology has grown in popularity over the past few years because of its potential to revolutionize many industries. South Africa’s department of science and innovation launched a pilot program to build 25 houses in 2022 using 3D-printing technology. The project is aimed at combating housing shortages in South Africa, particularly in low-income neighborhoods. This initiative highlights how 3D printing can be used to solve some of the most pressing social challenges.
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3DGence, an European manufacturer, launched a brand new industrial FFF in 2022. The INDUSTRY F421, a machine designed to be compatible high-performance materials. AS9100 is a high-temperature polyether etherketone (PEEK) filament that was certified for use by the aerospace and defense sectors. These 3D-printing innovations show how the technology is able to adapt to a wide range of industry needs and applications.
3D Printer Market Report Answers Key Questions
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What specific growth factors are projected to have an impact on the market in the forecast period?
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How can you list the top five companies on the market, and describe how they’ve achieved their influence?
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How do regional differences in trends and patterns affect the global market’s growth?
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