3D printer is a device that creates a three-dimensional or 3D solid structure from digital file using preservative processes in which material is laid down consecutively till is object forms. This process is useful in producing intricate shapes with ease. Rising focus on reduction of material waste is propelling the market expansion as manufacturers look to explore the potential of printing larger components.
As per analysis, “Global 3D Printers Market 2020-2030 by Printer Type (Industrial/Commercial 3D Printers, Consumer/Desktop 3D Printers), Material Form, Technology, End User, and Region: Trend Forecast and Growth Opportunity” the key companies operating in the global 3D printers market include EOS GmbH Electro Optical Systems, Leapfrog 3D Printers, Mcor Technologies Ltd., 3D Systems Corporation, Hewlett-Packard Inc., Proto Labs Inc., Arcam AB, FlashForge Corporation, Materialise NV, Robo 3D, ExOne Co., Formlabs Inc., Shining 3D, Printrbot, Desktop Metal, Markforged, SLM Solutions Group AG, Tiertime Corporation, Stratasys Ltd., XYZprinting Inc., Ultimaker BV, Zortrax and among others. Leading players in the market are focusing on expanding operational & business presence in the 3D printer market through novel product development & launches with advanced new features, and tactical acquisition of emerging companies in the industry
Based on printer type, 3D printers market is segmented as consumer/desktop 3D printers and industrial/commercial 3D printers. Desktop 3D printers designed for the fastest-growing segment of 3D printing technology, owing to low cost of 3D printers, ease of use and easy portability. Based on material form, market is segmented as filament printing material, liquid printing material and powder printing material. Based on technology, market is segmented as Stereolithography (SLA), Fused Deposition Modeling (FDM), Electron Beam Melting (EBM), Selective Laser Sintering (SLS), Laminated Object Manufacturing (LOM), Digital Light Processing (DLP) and others. In addition, based on end-user, market is segmented as industrial manufacturing, aerospace & defense, consumer goods & manufacturing, automotive, healthcare, power & energy, food & culinary, education, construction, and others. The 3D printing further captures the attention in the healthcare field due to its potential in order to improve treatment associated to certain medical conditions. Some of the key applications associated to 3D printing in healthcare sector including 3D-printed orthopedic implants, personalized surgery involving developed patient-specific models of organs and surgical tools and using of patients medical imaging and medical and dental devices such as prosthetics, dentures, and braces.
The 3D printers market is driven by developments of new 3D printing materials fueled by government support, followed by growth in focus on reducing manufacturing cost & time consumed in it. However, lack of availability and high cost of the materials may impact the market. Moreover, rapid growth in industrialization in emerging countries is a key opportunity for market. Furthermore, maintaining the optimum quality of the products is a major challenge for global market.
It is projected that future of the global 3D printers market will be bright because of rise in demand for prototyping applications in various industry verticals such as automotive, aerospace & defense, and healthcare during the forecast period.
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Ankur Gupta, Head Marketing & Communications