Consumer 3D Printing Market Adopting New Technology for Mass Production
According to Precision Business Insights (PBI), the latest report, the market value of the consumer 3d printing market size was valued at USD 16.7 billion in 2023, growing at a 22.3% CAGR from 2024 to 2030 The primary factors that drive the market are the growing 3D modelling technology for production of various items, increasing demand for 3d printers for complex structure printing.View The Detailed Report Description Here - https://www.precisionbusinessinsights.com/market-reports/consumer-3d-printing-market
THE CONSUMER 3D PRINTING MARKET DETAILED SEGMENTATION
Based on the offering, the market is segmented into the following
• Printer
• Service
• Software
• Material
Based on the technology, the market is segmented into the following
• Stereolithography (SLA)
• Fused Deposition Modelling (FDM)
• Selective Laser Sintering (SLS)
• Direct Laser Sintering (SLS)
• Others
Based on the end user, the market is segmented into the following
• Industrial
• Automotive
• Healthcare
• Architecture & construction
• Others
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Fused Deposition Modelling (FDM) to Dominate the Consumer 3D Printing Market:
Based on application type, fused deposition modelling holds the highest market share. The major factor for the rise of this segment is due to FDM models reduce costs and shorten development timelines, the creation of functional prototypes for testing purposes. These prototypes allow us to test in real-world environments and make decisions that have a dramatic effect on the cost of manufacturing the product. These factors can drive the Consumer 3D Printing Market growth.
Asia Pacific Consumer 3D Printing Market:
Asia Pacific region is expected to grow significantly in the consumer 3D printing market size over the forecast period. Consumer 3D printing provides various creations of complex structures rise in demand is also due to an increase in awareness about the technology leading players are investing in the region for the mass production of consumer 3D printing. China, Japan and India are emerging markets but due to rapidly growing technological infrastructure, it is predicted to increase rapidly.
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STRATEGIC NEW PRODUCT LAUNCHES, MERGERS, ACQUISITIONS, AND AGREEMENTS ARE THE KEY STRATEGIES ADOPTED BY MARKET PLAYERS:
Consumer 3D Printing further reveals that the key players are implementing strategies such as the extension of product collection through research and development activities, product launches, acquisitions, mergers, and strategic alliances to improve their market position and strengthen the market revenue share.
• In December 2022, Zortrax introduced new metal materials for the Endureal 3D printing system. The company's Full Metal package offering includes two comprehensive sets for metal 3D printing: the Zortrax Full Metal Package 17-4 PH and the Zortrax Full Metal Package 316L. The company has also introduced the low-melt VICTREX PAEK AM 200, which has a lower melting point than PEEK and can be extruded at lower temperatures.
• In April 2022, 3D Systems launched a new 3D printing solution 'fastest stereolithography printer'. The new SLA 750 and SLA 750 Dual 3D printers and accompanying PostCure 1050 post-processing system and Accura AMX Durable Natural material are said to offer an 'industry-leading combination of print size, speed, accuracy, and resolution for final parts' with the 750 Dual version benefiting from synchronous, dual-laser technology that is said to deliver part production at up to twice the speed and triple the throughput of other SLA solutions.
Key players' profiles in the consumer 3d printing report are Stratasys, Ltd., Materialise, EnvisionTec, Inc., LEGO, Nano3DPrint, 3D Systems, Inc., GE Additive, Autodesk Inc., Made In Space (MIS), Canon Inc., and Voxeljet AG
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