3D Printers Market Report 2022: Growing Use of 3D Printers to Produce Functional End-Use Parts Presents Opportunities

Rhea-AI Summary

The 3D Printers Market report released by ResearchAndMarkets.com indicates significant growth forecasted for the sector, anticipated to reach $50.39 billion by 2029, with a CAGR of 31.1% from 2022-2029. The industrial 3D printers segment is expected to dominate the market, attributed to their ability to produce high-strength industrial tools. Fused deposition modeling (FDM) technology will lead the market share, favored for its cost-effectiveness and versatility. The report highlights Europe as a key region, driven by demand for complex manufacturing and cost reduction. Key challenges include restricted build sizes and high processing costs.

Positive

• Market projected to reach $50.39 billion by 2029, with a CAGR of 31.1% from 2022-2029.
• Industrial 3D printers expected to account for the largest market share due to high-strength production capabilities.
• FDM technology leads market share, offering affordability and the ability to create complex shapes.

Negative

• Restricted build sizes may limit production capabilities.
• Pre-processing and post-processing costs could deter market growth.

DUBLIN, Jan. 31, 2023 /PRNewswire/ --The "3D Printers Market by Type, Technology, Printing Material, End User and Geography - Global Forecasts to 2029" report has been added to  ResearchAndMarkets.com's offering.

The research report provides an in-depth analysis of the 3D printers market across five major regions and emphasizes on the current market trends, sizes, shares; recent developments; and forecasts till 2029. The 3D Printers Market is expected to reach a value of $50.39 billion by 2029, at a CAGR of 31.1% during the forecast period 2022-2029.

Based on type, the global 3D printers market is segmented into industrial 3D printers and desktop 3D printers. In 2022, the industrial 3D printers segment is expected to account for the largest share of the global 3D printers market. The large market share of this segment is largely 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 usages, 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 expected to account for the largest share of the global 3D printers market. The major factors contributing to the large market share of this segment are its affordability and capability to create complex and customized shapes for the automotive and aerospace industries. FDM is also 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 expected to account for 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 end users and 3D printing service providers. In 2022, the industrial end users segment is expected to account for the largest share of the global 3D printer market. The large market share of this segment is mainly attributed to the higher usage of 3D printers for printing jigs, fixtures, parts, and spares with 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.

Market Dynamics

Market Drivers

• Manufacturers' Rising Need to Produce Complex Parts, Reduce Manufacturing Expenses, and Minimize Waste
• Improvements in Product Development and Supply Chains

Market Restraints

• Restricted Build Sizes
• Pre-Processing and Post-Processing Costs

Market Opportunities

• Growing Use of 3D Printers to Produce Functional End-Use Parts
• Composite 3D Printing

Market Challenges

• Copyright Issues
• Lack of Awareness and a Scarcity of Skilled Professionals

Market Trends

• On-Demand Spare Parts Production
• Increased Product Customization
• Use of AI In 3D Printing 

Key Questions Answered in the Report

• Which are the high-growth market segments in terms of type, technology, printing material, end user, and geography?
• What is the historical market size for the 3D printers market?
• What are the market forecasts and estimates for the period 2022-2029?
• What are the major drivers, restraints, opportunities, and challenges in the 3D printers market?
• Who are the major players in the market, and what share of the market do they hold?
• How is the competitive landscape for the 3D printers market?
• What are the recent developments in the 3D printers market?
• What are the different strategies adopted by the major players in the market?
• What are the key geographic trends, and which are the high-growth countries?
• Who are the local emerging players in the 3D printers market, and how do they compete with the other players?

Companies Mentioned

• 3D Systems Corporation
• GE Additive
• DMG Mori Company Limited
• Renishaw plc
• TRUMPF GmbH & CO. KG
• HP Inc.
• XYZprinting Inc.
• Carbon Inc.
• Stratasys Ltd.
• Formlabs Inc.
• Markforged Holding Corporation
• Voxeljet AG
• Desktop Metal Inc.
• Fusion3 design LLC
• DWS s.r.l
• EOS GmbH

For more information about this report visit https://www.researchandmarkets.com/r/hvtega-printers?w=5

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FAQ

What is the projected growth rate of the 3D printers market?

The 3D printers market is projected to grow at a CAGR of 31.1% from 2022 to 2029.

What will the 3D printers market be worth by 2029?

The market is expected to reach a value of $50.39 billion by 2029.

Which type of 3D printer is expected to dominate the market?

The industrial 3D printers segment is expected to dominate the market share.

What is the leading technology in the 3D printers market?

Fused deposition modeling (FDM) is projected to lead the market due to its affordability and versatility.

Which region is expected to hold the largest share of the 3D printers market?

Europe is anticipated to account for the largest share of the market, driven by demand for complex parts.