Global 3D Printer Market Size, Share, Growth Analysis, By Offering (Printers, Materials, Software, Services), By Technology (FDM, SLA). Application (Prototyping, Tooling), By Process (Powder Bed Fusion, Vat Photopolymerization), By Vertical (Automotive, Printed Electronics), By Region - Industry Forecast 2024-2031

North America held the largest share of the global 3D printer market in 2021, primarily as a result of rising spending on advanced manufacturing technologies by developed nations like Canada and the United States. Additionally, a number of government agencies, like the National Aeronautics and Space Administration (NASA), have identified significant investments in research and development that have the potential to significantly contribute to space applications and the development of new technologies that drive business expansion.

In the market, Europe has the second-highest market share. Small and medium-sized businesses, which require fast, dependable, and inexpensive prototypes for manufacturing, have a significant demand for this technology. The manufacturing and semiconductors industries are expected to rapidly adopt this technology in the regional market.

During the forecast period, Asia-Pacific is anticipated to expand at the highest CAGR. Manufacturers in APAC and governments in the region have supported the implementation of a number of policies and legislative proposals and an increasing interest in the creation of a sustainable environment for 3D printing. China may be the driving force behind Asia's adoption of this technology given the significant funding provided by the government for the sector.

During the forecast period, high growth is expected in Latin America and the Middle East. The manufacturing industry's technological advancements and improvements are largely to blame for the region's rapid adoption of 3D technology.