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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 OthersNEW 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. What our reports offer:
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:
Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free. View market snapshot before purchasing Related Reports on Industrials Include: 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. Register for a free trial today and gain instant access to 17,000+ market research reports. Technavio's SUBSCRIPTION platform Key Topics Covered: Executive Summary Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Product
Market Segmentation by Technology
Customer landscape Geographic Landscape
Drivers, Challenges, and Trends
Vendor Landscape
Vendor Analysis
Appendix
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