Global 3D Printer Market

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

Report ID: SQMIG45J2073 | Region: Global | Published Date: November, 2024
Pages: 242 | Tables: 63 | Figures: 75

3D Printer Market News

  • In March 2022, South Africa’s Department of Science and Innovation (DSI) launched a pilot project to build around 25 houses by utilizing 3D printing technology to combat the shortage of housing in the country.
  • In March 2022, 3DGence, a European manufacturer, launched a new industrial FFF machine, INDUSTRY F421, which is well-suited with high performance materials. Additionally, the firm has also introduced AS9100, a new high-temperature filament, which is made using polyether ether ketone (PEEK) and certified for use in defense and aerospace sectors.
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Global 3D Printer Market size was valued at USD 12.5 billion in 2022 and is poised to grow from USD 14.8 billion in 2023 to USD 47.9 billion by 2031, growing at a CAGR of 15.5% during the forecast period (2024-2031). 

The major market players are concentrating on providing cutting-edge and novel solutions that meet the expanding requirements of industries.In order to provide cutting-edge products and services, these major players are making investments in R&D.In order to provide solutions of the next generation, they are entering into a strategic partnership and working together.In order to support business expansion, these businesses are providing solutions that are focused on the needs of customers.In a similar vein, the major players want to provide a wide variety of three-dimensional materials for use in every industry. 'Stratasys ', '3D Systems, Inc. ', 'HP Development Company, L.P. ', 'EOS GmbH ', 'General Electric ', 'Materialise NV ', 'Desktop Metal, Inc. ', 'voxeljet AG ', 'SLM Solutions ', 'Renishaw plc. ', 'Protolabs ', 'Optomec, Inc. ', 'Prodways Group ', 'Ultimaker ', 'Tiertime ', 'Hoganas AB ', 'UnionTech ', 'Nexa3D ', 'Trumpf ', 'Formlabs '

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.

New technologies are being upgraded and developed by established market players and tech-savvy startups. 3D printers for production have become more efficient and dependable as a result of hardware advancements .One of the most widely used 3D printers is the polymer printer.

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.

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Global 3D Printer Market

Report ID: SQMIG45J2073

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