DUBLIN, July 30, 2021--(BUSINESS WIRE)--The "3D Printer Global Market Opportunities and Strategies to 2030: COVID-19 Growth and Change" report has been added to ResearchAndMarkets.com's offering.
The global 3D printer market reached a value of nearly $8,620.0 million in 2020, having increased at a compound annual growth rate (CAGR) of 16.8% since 2015. The market is expected to grow from $8,620.0 million in 2020 to $20,895.6 million in 2025 at a rate of 19.4%. The market is then expected to grow at a CAGR of 13.4% from 2025 and reach $39,245.9 million in 2030.
Growth in the historic period resulted from strong economic growth in emerging markets, increase in use of 3D printed products in automotive industry and rise in government investments in 3D printing. Factors that negatively affected growth in the historic period were fluctuating prices of metals and geo-political tensions.
Going forward, high demand for 3D printed medical devices during pandemic, growing demand for prototyping applications and government initiatives will drive the growth. Factors that could hinder the growth of the 3D printer market in the future include high costs associated with 3D printing.
North America was the largest region in the 3D printer market, accounting for 35.4% of the total in 2020. It was followed by Asia Pacific, and then the other regions. Going forward, the fastest-growing regions in the 3D printer market will be Middle East, and Africa, where growth will be at CAGRs of 25.1% and 22.9% respectively. These will be followed by South America, and Eastern Europe where the markets are expected to grow at CAGRs of 22.21% and 22.17% respectively.
The global 3D printing market is a rapidly growing and versatile industry due to its ability to adhere to various markets, cost effectiveness and efficiency. 3D printing helps to create parts for the manufacturing of engines in the automotive industry, produces prototypes for houses that enforces architects be more innovative and helps create tools that can be lighter, and inexpensive for various industries such as healthcare and construction.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography. It places the market within the context of the wider 3D Printer market, and compares it with other markets.
1) By Printer Type: Desktop 3D Printer; Industrial 3D Printer
2) By End-User Industry: Automotive; Aerospace & Defense; Healthcare; Food; Construction & Architecture; Others
3) By Technology: Stereolithography; Fused Deposition Modeling (FDM); Selective Laser Sintering (SLS); Direct Metal Laser Sintering (DMLS); Polyjet/Multijet Printing (MJP); Inkjet Printing; Electron Beam Melting (EBM); Laser Metal Deposition (LMD); Direct Light Projection (DLP)
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; United States
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; 3D Printer indicators comparison.
Data segmentations: country and regional historic and forecast data; market share of competitors; market segments.
3D Bioprinting Solutions
3D Parts Ltd
3D Print Pulse
Hewlett Packard (Hp)
Slm Solutions Group
The Bigrep Gmbh
Winsun (Yingchaung Building Technology Co.)
For more information about this report visit https://www.researchandmarkets.com/r/cmirxj
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