3D printer Market Size is Projected to be Around $ 14.49 Billion by 2024 - Technavio | Featuring Key Vendors - 3D Systems Corp., EOS GmbH Electro Optical Systems, Formlabs Inc., and Others

NEW YORK, March 4, 2021 /PRNewswire/ -- The "3D printer Market by Product, Technology, and Geography - Forecast and Analysis 2020-2024" report has been added to Technavio's offering.

The 3D printer market is expected to grow by USD 14.49 billion, progressing at a CAGR of over 39% during the forecast period. Get Free Sample Report in MINUTES

The demand for 3D customized products is one of the major factors propelling market growth. However, factors such as high cost of training the workforce will hamper the market growth.

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• Covers market data for 2020, 2021, until 2025
• Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations

3D printer Market: Technology Landscape

Fused deposition modeling (FDM) technology is user-friendly and uses filaments such as acrylonitrile butadiene styrene (ABS) and polylactic acid (PLA) plastics, which cost much lower than materials used in selective laser sintering (SLS) and stereolithography (SLA) technology. These factors are expected to boost the demand for FDM-based 3D printers, especially from the automotive, aerospace, and consumer electronics sectors. Market growth in this segment will be faster than the growth of the market in the SLS and SLA segments.

3D printer Market: Geographic Landscape

North America was the largest market for 3D printers in 2019, and the region will continue to offer the maximum growth opportunities to market vendors during the forecast period. Factors such as the increasing government investments and growing demand for 3D printers from the aerospace and defense, consumer electronics, and healthcare sectors are fueling 3D printer market growth in this region. Over 34% of the market's growth will originate from North America during the forecast period. The US and Canada are the key markets for 3D printers in North America. Market growth in this region will be faster than the growth of the market in MEA and South America.

Companies Covered:

• 3D Systems Corp.
• EOS GmbH Electro Optical Systems
• Formlabs Inc.
• HP Inc.
• Materialise NV
• Proto Labs Inc.
• SLM Solutions Group AG
• Stratasys Ltd.
• Ultimaker BV
• XYZprinting Inc.

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Related Reports on Industrials Include:
Commercial Aerospace 3D Printing Market by 3D Printing Vertical and Geography - Forecast and Analysis 2020-2024: The commercial aerospace 3D printing market size has the potential to grow by USD 2.09 billion during 2020-2024, and the market's growth momentum will accelerate during the forecast period. To get extensive research insights: Get FREE Sample Report in Minutes!

Large Format Printers Market by Technology and Region - Forecast and Analysis 2020-2024: The large format printers market size has the potential to grow by USD 325.65 mn during 2020-2024, and the market's growth momentum will decelerate during the forecast period. To get extensive research insights: Get FREE Sample Report in Minutes!

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio's in-depth research has direct and indirect COVID-19 impacted market research reports.

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Key Topics Covered:

Executive Summary

Market Landscape

• Market ecosystem
• Value chain analysis

Market Sizing

• Market definition
• Market segment analysis
• Market size 2019
• Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

Market Segmentation by Product

• Industrial 3D printer - Market size and forecast 2019-2024
• Desktop 3D printer - Market size and forecast 2019-2024

Market Segmentation by Technology

• FDM - Market size and forecast 2019-2024
• SLS - Market size and forecast 2019-2024
• SLA - Market size and forecast 2019-2024
• Others - Market size and forecast 2019-2024

Customer landscape

Geographic Landscape

• Geographic segmentation
• North America - Market size and forecast 2019-2024
• Europe - Market size and forecast 2019-2024
• APAC - Market size and forecast 2019-2024
• South America - Market size and forecast 2019-2024
• MEA - Market size and forecast 2019-2024
• Key leading countries
• Market opportunity by geography

Drivers, Challenges, and Trends

• Market drivers
• Volume driver - Demand led growth
• Volume driver - Supply led growth
• Volume driver - External factors
• Volume driver - Demand shift in adjacent markets
• Price driver - Inflation
• Price driver - Shift from lower to higher-priced units
• Market challenges
• Market trends

Vendor Landscape

• Overview
• Vendor landscape
• Landscape disruption

Vendor Analysis

• Vendors covered
• Market positioning of vendors
• 3D Systems Corp.
• EOS GmbH Electro Optical Systems
• Formlabs Inc.
• HP Inc.
• Materialise NV
• Proto Labs, Inc.
• SLM Solutions Group AG
• Stratasys Ltd.
• Ultimaker BV
• XYZprinting Inc.

Appendix

• Scope of the report
• Currency conversion rates for US$
• Research methodology
• List of abbreviations

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SOURCE Technavio