Increased consumer fascination with personalized 3D products, growing investments in additive manufacturing, and a focus on minimizing time-to-market are significant factors driving the expansion of the 3D Printer Market.
The estimated expansion of the Global 3D Printer Market is projected to reach USD 25,095.58 million from 2023 to 2027, with a compound annual growth rate (CAGR) of 23.49%. The surge in the 3D printing market is influenced by various factors, such as rising consumer demand for personalized 3D products, growing investments in additive manufacturing, and a focus on minimizing time-to-market.
Senior Analyst at Technavio Quoted~ "increase in consumer interest in 3D customized products"
As per 3D Printer Market Analysis, it has been observed that the data center market is booming due to rising consumer interest in 3D customized products. Whether ordering from specialized companies or investing in affordable desktop 3D printers, individuals are driving innovation. Despite the cost, those with disposable income opt for 3D printers, while the Materializes online marketplace caters to diverse materials and finishes. Industry professionals, too, are leveraging 3D printers to meet customer expectations and boost profits. In essence, the surge in 3D customized product interest is set to fuel global 3D printing market growth.
Global 3D Printer Market Analysis
When it comes to the 3D Printer Market trends, outsourcing rises due to equipment scarcity; when a resin printer can't handle metal parts, companies turn to economical external solutions. The surge in 3D printing outsourcing is propelling market growth as firms seek cost-effective production for projects like prototypes. Engineers and designers favor providers with 24-hour production capabilities, reducing reliance on internal printers. The outsourcing trend is further fueled by a lack of expertise in machine operation and material selection.
The 3D printer market can be categorized by product (industrial 3D printer and desktop 3D printer), technology (fused deposition modeling, selective laser sintering, stereolithography, and others), and geography (North America, Europe, APAC, South America, and Middle East and Africa).
To bolster their position in the 3D printing market, companies like 3D Systems Corp., Autodesk Inc., Desktop Metal Inc., EOS GmbH, Formlabs Inc., General Electric Co., HP Inc., JINHUA WANHAO SPARE PARTS CO. LTD., Materialise NV, N3 Technologies Inc., Nano Dimension Ltd., and more are adopting diverse strategies, including forming strategic alliances, establishing partnerships, engaging in mergers and acquisitions across geographies. Explore with data-driven analysis, discover new frontiers, and navigate the 3D printing market in our bestselling sample report, alongside profiled analysis of the industry pioneers