Press release
Global 3D Printer Market Share to Reach $57.2 Billion by 2029, Growing at 17.6% CAGR
3D Printer
The growth of the 3D printer market is anticipated to be spurred by the burgeoning automotive industry. The automotive industry encompasses various businesses and organizations that are involved in the conception, creation, manufacture, promotion, sale, service, and alteration of motor vehicles. 3D printing has brought about significant changes in the automotive industry in a number of ways, including the capability to create highly custom components, cut down on lead times and tooling expenses, and develop intricate shapes that would be challenging or impracticable to construct using conventional methods. For example, in August 2023, the Board of Governors of the Federal Reserve System, an agency of the U.S. government, reported that total automobile production in the United States climbed to 11.77 million units in July, a rise from 10.91 million units in June. Consequently, the burgeoning automotive industry is fueling the expansion of the 3D printer market.
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How will the growth rate of the 3d printer market shape industry trends by 2034?
The volume of the 3D printer market has surged considerably in the past few years. The market's expansion is predicted to rise from $24.43 billion in 2024 to $29.9 billion in 2025, at a compound annual growth rate (CAGR) of 22.4%. This significant growth during the historic period is credited to robust economic progress in developing markets, enhanced utilization of 3D printed items in the automotive sector, and increased governmental investments towards 3D printing technologies.
Over the forthcoming years, the market for 3D printers is predicted to experience substantial expansion, escalating to a worth of $57.2 billion in 2029. This represents a compound annual growth rate (CAGR) of 17.6%. This surge during the forecast period is linked to the mounting demand for 3D printed medical devices, prototyping applications, and governmental strategies. Significant patterns during the forecast period comprise of technological enhancements by leading players in the 3D print manufacturing sector, quick transition from prototyping towards manufacturing of functional parts, product portfolio diversification through the introduction of ground-breaking products, employing 3D printers for green and eco-friendly projects in the construction and building industry, and an upsurge in mergers and acquisitions.
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What trends are poised to drive the future success of the 3d printer market?
Leading companies in the 3D printer market are creating printers that possess extensive Asia-Pacific coverage and can print faster than traditional 3D printers. For example, the Nexa3D's stereo lithograph apparatus (SLA) 3D printer promises to be six times faster than competing machines and boasts an Asia-Pacific reach that's 2.5 times larger. The advancement in these printers dramatically cuts down prototype production time from hours to mere minutes, and they are constructed with durable materials suitable for ultra-fast 3D printing. For instance, in 2022, a 3D printer manufacturer based in the US, Xact Metal, introduced the XM300G 3D printer. The Xact Metal XM300G Series is designed to offer small and medium businesses with industrial-level 3D printing facilities at a competitive price. This printer can be programmed with single, dual, or quad lasers. With its latest 3D printer, Xact Metal aims to penetrate various sectors, including aerospace, automotive, and general manufacturing.
Which primary segments of the 3d printer market are driving growth and industry transformations?
The 3D printer market covered in this report is segmented -
1) By Printer Type: Desktop 3D Printer, Industrial 3D Printer
2) By Technology: Stereolithography (SLA), Fused Deposition Modeling (FDM), Selective Laser Sintering (SLS), Direct Metal Laser Sintering (DMLS), PolyJet Or MultiJet Printing (MJP), Inkjet Printing, Electron Beam Melting (EBM), Laser Metal Deposition (LMD), Direct Light Projection (DLP), Other Technologies
3) By End-use Industry: Automotive, Aerospace And Defense, Healthcare, Food, Construction And Architecture, Other End-Use Industries
Subsegments:
1) By Desktop 3D Printer: Fused Deposition Modeling (FDM), Stereolithography (SLA), Digital Light Processing (DLP), Others (Selective Laser Sintering)
2) By Industrial 3D Printer: Selective Laser Sintering (SLS), Direct Metal Laser Sintering (DMLS), Electron Beam Melting (EBM), PolyJet, Binder Jetting, Others (Multi Jet Fusion)
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Which geographical regions are pioneering growth in the 3d printer market?
North America was the largest region in the 3D printer market in 2024. Asia-Pacific was the second-largest region in the global 3D printer market report. The regions covered in the 3d printer market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Who are the influential players reshaping the 3d printer market landscape?
Major companies operating in the 3D printer market include 3D Systems Corporation, Stratasys Ltd., GE Company, EOS GmbH, Hewlett Packard, SLM Solutions Group AG, The ExOne Company, Formlabs, MarkForged Inc., Voxeljet AG, Bharma3, JGroup Robotics, Altem, Novabeans, CMK Corporation, Modix, Karkhana.io, Breezam, Addentax, mago, BMF Precision, Fuji Xerox, Think 3D, UnionTech 3D, Sichuan Revotek, Regenovo Biotech, Tiertime, Shining 3D, Winsun, HuaShang Tenda, Prodways, BeAM, AddUp, 3D Ceram, The BigRep GmbH, Renishaw, AMMA Solutions, 3D Parts Ltd, Volumic, 3D Criar, 3D Procer, Alcateia, AMS, 3D Bioprinting Solutions, Anisoprint, AMT Spetsavia, UrbanAlps, Proto Labs, Materialise, Nano Dimension, Organovo, SondaSYS, Cosine Additive, 3D Print Pulse, Sethi3D, Sciaky Inc., BigRep 3D, Robtec, Optomec, Zortrax, Kikai Labs, CHIMAK 3D, Trimaker, Trideo, VOXEL 3D, 3D Manzil, 3Dvinci, Immensa, Shisan, Etba3ly 3D, Akhani 3D, Rapid 3D, Artec 3D
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What Is Covered In The 3D Printer Global Market Report?
•Market Size Forecast: Examine the 3d printer market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the 3d printer market for a structured understanding.
•Key Players Overview: Analyze major players in the 3d printer market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the 3d printer market.
•Segment Contributions: Evaluate how different segments drive overall growth in the 3d printer market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the 3d printer market.
•Industry Challenges: Identify potential risks and obstacles affecting the 3d printer market.
•Competitive Landscape: Review strategic developments in the 3d printer market, including expansions, agreements, and new product launches.
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