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
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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 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.

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:

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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 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

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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Report Page: https://www.technavio.com/report/3d-printer-market-industry-analysis

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