Meticulous Research®—a leading global market research company, published a research report titled “3D Printers Market by Type (Industrial, Desktop), Technology (FDM, SLS, SLA, EBM), Printing Material (Metal, Polymer, Ceramics), End User (Industrial End User, 3D Printing Service Providers) and Geography—Global Forecasts to 2029.”
The 3D printers market is expected to grow at a CAGR of 31.1% by value from 2022 to reach $ 50.39 billion by 2029. Rising demand for manufacturing complex parts, reduced manufacturing expenses and minimizing waste, and improvement in product development and supply chain are the factors driving the growth of this market.
In addition, the use of 3D printing for functional end-use parts and composite 3D printing offers lucrative opportunities for this market's growth. Some of the major trends that may support the growth of this market are on-demand spare parts production, increased customized products, and the use of AI in 3D printing.
However, restrictions in build size and cost of pre-and post-processing are some of the factors expected to restrain the growth of this market. This market also faces several challenges, including copyright issues, lack of awareness, and demand for skilled professionals.
The 3D printers market is segmented based on type, technology, printing material, end user, and geography. The study also evaluates industry competitors and analyzes the market at the country level.
Based on type, the global 3D printers market is segmented into industrial and desktop 3D printers. In 2022, the industrial 3D printers segment is estimated to hold a larger share of the global 3D printers market. The large market share of this segment is attributed to its ability to create functional, full-scale objects ranging from end-use products to high-strength industrial tools. Industrial 3D printers are designed for professional and industrial use cases, from rapid prototyping to direct manufacturing.
Based on technology, the global 3D printers market is segmented into fused deposition modeling (FDM), selective laser sintering (SLS), stereolithography (SLA), direct metal laser sintering (DMLS), polyjet, multijet fusion (MJF), digital light processing (DLP), binder jetting, electron-beam melting (EBM), directed energy deposition (DED), laser metal fusion (LMF), selective absorption fusion (SAF), and LCD 3D printing.
In 2022, the fused deposition modeling (FDM) segment is estimated to hold the largest share of the global 3D printers market. The large market share of this segment is attributed to its affordability and its capability to create complex and customized shapes for the automotive and aerospace industries. FDM is used to build durable production parts for low-volume and short-run production applications.
Based on printing material, the global 3D printers market is segmented into metal, polymer, ceramics, composites, resins, and other materials. In 2022, the polymer segment is estimated to hold the largest share of the global 3D printers market. The large market share of this segment is attributed to its capability to print low-cost, functional parts with diverse properties and capabilities. Polymer is used in several sectors, from 3D printed surgical guides and tools to replicas of human organs for pre-surgical planning.
Based on end user, the 3D printers market is segmented into industrial and 3D printing service providers. In 2022, the industrial segment is estimated to hold the larger share of the global 3D printer market. The large market share of this segment is largely due to factors such as the higher usage of 3D printers for printing jigs, fixtures, parts, and spares at reduced complexity and expenditure.
Based on geography, the 3D printers market is segmented into five major regions—Asia-Pacific, Europe, North America, Latin America, and the Middle East & Africa. In 2022, The Europe region is estimated to account for the largest share of the 3D printers market. The growth of the 3D printers market in Europe is attributed to the rising demand for complex parts in manufacturing, increasing focus on reducing manufacturing expenses, growing need to minimize wastes, rising on-demand spare parts production, and increased customization of products.
In addition, several companies in the region have set up facilities for 3D printing to cater to growing demand. Furthermore, several local players in the 3D printing space are collaborating with aerospace and defense companies to produce 3D printing technologies to manufacture high-performance aerospace & defense components.
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The key players operating in the 3D printers market are 3D Systems Corporation (U.S.), GE Additive (U.S.), DMG Mori Company Limited (Japan), Renishaw plc (U.K), TRUMPF GmbH & CO. KG (Germany), HP Inc. (U.S.), XYZprinting, Inc. (U.S.), Carbon, Inc. (U.S.), Stratasys Ltd. (Israel), Formlabs Inc. (U.S.), Markforged Holding Corporation (U.S.), Voxeljet AG (Germany), Desktop Metal, Inc. (U.S.), Fusion3 design LLC (U.S.), DWS s.r.l (Italy), and EOS GmbH (Germany).
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