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

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 demand for online 3D printing for simulation purposes is being fueled by rapidly increasing digitization and increasing adoption of advanced technologies like Industry 4.0, smart factories, robotics, and machine learning, among others. These technologies make it more likely that this technology will be used in a wider range of fields, including healthcare, aerospace, and automotive, among others. Additive manufacturing (AM) is the term used to describe the use of 3D printing in manufacturing.

Using software and a three-dimensional printer, additive manufacturing involves layer-by-layer addition of material to create an object, also known as a three-dimensional file. To carry out the procedure, a suitable 3D printing technology is chosen from among the available options. The final step is to apply this procedure to various industry sectors according to the need. Installation services, solutions for consultation, customer support, and management of copyright, licensing, and patenting issues are all part of the deployment. Manufacturers are benefiting from 3D printing in terms of prototyping, structure and product design, modeling, and time to market. As a result, production costs have decreased significantly, allowing manufacturers to offer higher-quality goods at reasonable prices. It is anticipated that the demand for 3D printers will increase in the coming years as a result of these advantages.

US 3D Printer Market is poised to grow at a sustainable CAGR for the next forecast year.