What Has Been 3D Printer Market in Recent Years?
The 3d printer market has seen considerable growth due to a variety of factors.
• The market for 3D printers has seen a substantial expansion in the past few years. Its size is projected to escalate from $24.43 billion in 2024 to $29.9 billion in 2025, reflecting a compound annual growth rate (CAGR) of 22.4%.
The impressive growth observed in the previous period can be associated with robust economic enhancement in emerging markets, the burgeoning usage of 3d printed commodities in the automotive field, and an uptick in government funding towards 3D printing.
What Is the Forecasted Market Size and Growth Rate for The 3D Printer Market?
The 3d printer market is expected to maintain its strong growth trajectory in upcoming years.
• Forecasts indicate a swift expansion in the 3D printer market size in the coming years, with an expected growth to $57.2 billion in 2029. This suggests a compound annual growth rate (CAGR) of 17.6%.
Factors driving this rapid growth during the forecast period includes a surge in demand for 3D printed medical devices, increasing usage for prototyping applications, and various government initiatives. Notable trends for the forecast period encompass technological innovations from leading 3D printer manufacturers, a quick transition from prototyping to producing functional parts, the introduction of unique products to augment product range, the use of 3D printers in eco-friendly building and construction projects, and an uptick in mergers and acquisitions.
What Factors Are Driving Growth In The 3D Printer Market?
The surge in the automotive sector is set to drive the advancement of the 3D printing market. The concept of the automotive industry relates to an area that encompasses various businesses and institutions involved in the conceptualization, creation, production, promotion, sale, maintenance and customization of vehicles. The introduction of 3D printing has brought about a drastic change in the automotive sector in many ways. For instance, it enables the production of highly personalized components, decreases the time to market and lowers tooling expenses. Moreover, it enables the creation of complex shapes which might be challenging or unachievable with conventional methods. As an example, in August 2023, the Board of Governors of the Federal Reserve System, a US government institution, reported that the total production of vehicles in the United States in July spiked up to 11.77 million units from 10.91 million units in June. Consequently, the rise in the automotive industry is catalyzing the growth of the 3D printer market.
What Are The Main Segments Of The Global 3D Printer Market?
The 3D printer market covered in this report is segmented –
1) By Printer Type: Desktop 3D Printer, Industrial 3D Printer
2) By Technology: Stereolithography (SLA), Fused Deposition Modeling (FDM), Selective Laser Sintering (SLS), Direct Metal Laser Sintering (DMLS), PolyJet Or MultiJet Printing (MJP), Inkjet Printing, Electron Beam Melting (EBM), Laser Metal Deposition (LMD), Direct Light Projection (DLP), Other Technologies
3) By End-use Industry: Automotive, Aerospace And Defense, Healthcare, Food, Construction And Architecture, Other End-Use Industries
Subsegments:
1) By Desktop 3D Printer: Fused Deposition Modeling (FDM), Stereolithography (SLA), Digital Light Processing (DLP), Others (Selective Laser Sintering)
2) By Industrial 3D Printer: Selective Laser Sintering (SLS), Direct Metal Laser Sintering (DMLS), Electron Beam Melting (EBM), PolyJet, Binder Jetting, Others (Multi Jet Fusion)
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What Emerging Trends Are Influencing The Growth Of The 3D Printer Market?
Leading businesses in the 3D printer market are manufacturing printers with a substantial Asia-Pacific presence and faster printing capabilities compared to conventional 3D printers. One such example is the stereo lithograph apparatus (SLA) 3D printer from Nexa3D, which operates at a speed six times quicker than its competitors' machines, and its Asia-Pacific reach is 2.5 times larger. Additionally, this model reduces the time taken to produce prototypes from hours to mere minutes and utilizes durable materials suitable for high-speed 3D printing. For instance, Xact Metal, an American 3D printer maker, unveiled the XM300G 3D printer in 2022. The Xact Metal XM300G Series aims to offer small and medium-sized businesses industrial-level 3D printing options at a competitive rate, capable of programming with a single, dual, or quad lasers. The company is targeting several sectors with its new 3D printer, including aerospace, automotive, and general manufacturing.
Who Are the Key Players in the 3D Printer Market?
Major companies operating in the 3D printer market include:
• 3D Systems Corporation
• Stratasys Ltd.
• GE Company
• EOS GmbH
• Hewlett Packard
• SLM Solutions Group AG
• The ExOne Company
• Formlabs
• MarkForged Inc.
• Voxeljet AG
• Bharma3
• JGroup Robotics
• Altem
• Novabeans
• CMK Corporation
• Modix
• Karkhana.io
• Breezam
• Addentax
• mago
• BMF Precision
• Fuji Xerox
• Think 3D
• UnionTech 3D
• Sichuan Revotek
• Regenovo Biotech
• Tiertime
• Shining 3D
• Winsun
• HuaShang Tenda
• Prodways
• BeAM
• AddUp
• 3D Ceram
• The BigRep GmbH
• Renishaw
• AMMA Solutions
• 3D Parts Ltd
• Volumic
• 3D Criar
• 3D Procer
• Alcateia
• AMS
• 3D Bioprinting Solutions
• Anisoprint
• AMT Spetsavia
• UrbanAlps
• Proto Labs
• Materialise
• Nano Dimension
• Organovo
• SondaSYS
• Cosine Additive
• 3D Print Pulse
• Sethi3D
• Sciaky Inc.
• BigRep 3D
• Robtec
• Optomec
• Zortrax
• Kikai Labs
• CHIMAK 3D
• Trimaker
• Trideo
• VOXEL 3D
• 3D Manzil
• 3Dvinci
• Immensa
• Shisan
• Etba3ly 3D
• Akhani 3D
• Rapid 3D
• Artec 3D
What Is The Most Dominant Region In The 3D Printer Market?
North America was the largest region in the 3D printer market in 2024. Asia-Pacific was the second-largest region in the global 3D printer market report. The regions covered in the 3d printer market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
