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3D Printer Market 2023 : Analysis By Major Players, Competitive Landscape And Outlook 2032 | Stratasys, GE Additive, SLM Solutions, Voxeljet, Arcam AB
3D Printer Market Trends
The Business Research Company's 3D Printer Global Market Report 2023 identifies growth in the use of 3D printed products in the automotive industry as the major driver for the 3D Printer market's growth in the forecast period. The manufacture of lightweight vehicle components is possible with the aid of 3D printing reduces vehicle weight, boosts car performance, and increases fuel economy, and greater productivity can be achieved in injection molding equipment manufacturing using 3D printing technology. For instance, in 2022, Xact Metal, a US-based 3D printer manufacturer, launched the XM300G 3D printer. The Xact Metal XM300G Series is intended to provide small-to-medium-sized businesses with industrial-grade 3D printing capabilities at a competitive price.
The global 3d printer market size will grow from $13.28 billion in 2022 to $15.67 billion in 2023 at a compound annual growth rate (CAGR) of 18.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global 3d printer market size is expected to grow to $27.14 billion in 2027 at a CAGR of 14.7%.
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Major competitors in the 3D Printer market are Stratasys, GE Additive, SLM Solutions, Voxeljet, Arcam AB, Hoganas AB, Groupe Gorgé, Renishaw PLC., Markforged Inc., and Made In Space.
A key trend in the 3D Printer market includes high cost associated with 3D printing hampers. To name a few, the energy that 3D printing requires to manufacture objects is massively expensive and the energy required by some of the 3D printing processes uses up to 50-100 times more electricity than injection molding machines. Furthermore, the software needed to run the 3D printers is costly and must be modified regularly to make them functional and effective.
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The 3D Printer market is segmented -
By Printer Type: Desktop 3D Printer, Industrial 3D Printer
By Technology: Stereolithography (SLA), Fused Deposition Modeling (FDM), Selective Laser Sintering (SLS), Direct Metal Laser Sintering (DMLS), PolyJet/MultiJet Printing (MJP), Inkjet Printing, Electron Beam Melting (EBM), Laser Metal Deposition (LMD), Direct Light Projection (DLP), Other Technologies
By End-use Industry: Automotive, Aerospace & Defense, Healthcare, Food, Construction & Architecture, Other End-Use Industries
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the 3D Printer market.
The Business Research Company's "Global 3D Printer Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The 3D Printer Market Include:
1. Executive Summary
2. 3D Printer Market Characteristics
3. 3D Printer Market Trends And Strategies
4. 3D Printer Market - Macro Economic Scenario
5. 3D Printer Market Size And Growth
……
26. Africa 3D Printer Market
27. 3D Printer Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The 3D Printer Market
29. 3D Printer Market Future Outlook and Potential Analysis
30. Appendix
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