Press release
Steady Expansion Forecast for Desktop 3D Printing Market, Projected to Reach $8.87 Billion by 2029
Desktop 3D Printing
Desktop 3D Printing Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
Recently, the market size of desktop 3D printing has seen swift expansion. Its size is projected to escalate from $4.21 billion in 2024 to $4.86 billion in 2025, marking a compound annual growth rate (CAGR) of 15.5%. The historical growth can be traced back to factors such as the increasing demand for prototyping, expansion of small and medium-sized enterprises (SMEs), support for innovation by the government and educational institutions, augmented usage in the healare and medical sectors, and a surge in bespoke and personalized manufacturing.
Desktop 3D Printing Market Size Forecast: What's the Projected Valuation by 2029?
Over the next few years, the desktop 3D printing market is anticipated to experience swift expansion. By 2029, it's expected to reach $8.87 billion, demonstrating a compound annual growth rate (CAGR) of 16.2%. Factors contributing to this anticipated growth over the predicted period include a rise in home-based businesses offering personalized products, increased usage in the medical and dental sectors, a heightened focus on sustainability and environmentally friendly production methods, as well as growing enthusiasm for rapid prototyping among startups and smaller businesses. Key trends for the forecast period are expected to encompass integrations with cutting-edge materials, environmentally friendly materials, artificial intelligence integrations, progress in printer capabilities, and 3D printing with multiple materials.
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What Are the Drivers Transforming the Desktop 3D Printing Market?
The surge in DIY endeavors is projected to fuel the expansion of the desktop 3D printing market in the future. DIY activities, understood as those in which people personally build, produce, or mend items, frequently without professional guidance, are growing in popularity due to a variety of reasons, such as cost-effectiveness, increased availability of tools and resources, customization preferences, and the fulfillment and achievement derived from independently finishing tasks. Desktop 3D printing caters perfectly to this DIY trend by offering hobbyists a cost-effective, easy-to-use solution for constructing tailor-made parts, implements, or prototypes from the comfort of their own homes. Houzz, an American software development platform, reported in 2023 that kitchen and bathroom renovations remained the most favored projects. There was an increase in homeowners renovating these spaces in 2022, accounting for 28% and 25% respectively, compared to 2021's 27% and 24%. Hence, the escalating interest in DIY undertakings is a significant driver propelling the expansion of the desktop 3D printing market.
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What Long-Term Trends Will Define the Future of the Desktop 3D Printing Market?
Leading corporations in the desktop 3D printing sector are creating novel products like professional desktop 3D printers to augment precision, speed, and material adaptability across a wide spectrum of industries. A professional desktop 3D printer is a superior quality 3D printing tool, engineered for business, engineering, and design fields, introducing advanced capabilities such as enhanced printing resolution, expanded build volumes, and compatibility with diverse materials for prototyping and modest production. For example, in June 2023, the China-based tech firm, HeyGears Tech Group Ltd., unveiled the UltraCraft Reflex, a professional desktop 3D printer intended for high-precision consumer and industrial use. This printer melds industrial-grade 3D printing technology into a compact, user-friendly design making it ideal for both professionals and hobbyists. It possesses AI-powered printing functions, guaranteeing smoother finishes and consistent performance mirroring injection-molded outcomes.
Which Segments in the Desktop 3D Printing Market Offer the Most Profit Potential?
The desktop 3d printingmarket covered in this report is segmented -
1) By Component: Hardware, Software, Services
2) By Technology: Stereolithography, Fuse Deposition Modeling, Selective Laser Sintering, Digital Light Processing
3) By Application: Prototyping, Tooling, Functional Parts
4) By End User: Individuals Or Hobbyists, Small And Medium Enterprises, Educational Institutions, Research And Development, Industrial Manufacturers
Subsegments:
1) Hardware: 3D Printers, Print Heads And Extruders, Build Platforms And Enclosures, Power Supply Units
2) Software: 3D Modeling Software, Slicing Software, Simulation And Optimization Software, Printer Control Software
3) Services: Consulting And Training Services, Maintenance And Repair Services, Custom Design And Prototyping Services, Subscription And Cloud-Based Services
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Which Firms Dominate the Desktop 3D Printing Market by Market Share and Revenue in 2025?
Major companies operating in the desktop 3d printing market are MakerBot Industries LLC, Prusa Research s.r.o., Zortrax S.A., Monoprice Inc., Artillery 3D Technology Co. Ltd., XYZprinting Inc., LulzBot, FAME 3D Inc., Zhejiang Flashforge 3D Technology Co. Ltd., Raise 3D Technologies Inc., Shenzhen Elegoo Technology Co. Ltd., Shenzhen Creality 3D Technology Co. Ltd., Zhejiang Wanhao 3D Technology Co. Ltd., Robo 3D Inc., Fusion3 Innovations LLC, Zhejiang Qidi Technology Co. Ltd., Anycubic 3D Technology Co. Ltd., Phrozen Tech Co. Ltd., Voxelab, Peopoly Limited
Which Regions Offer the Highest Growth Potential in the Desktop 3D Printing Market?
North America was the largest region in the desktop 3D printing market in 2024. The regions covered in the desktop 3d printing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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