Global Personal 3D Printer Industry to 2027

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Global personal 3D printer market

Global personal 3D printer market

Global personal 3D printer market

Dublin, 13 July 2022 (GLOBE NEWSWIRE) — The “Personal 3D Printer Market – Forecast 2022 to 2027” report has been added to from ResearchAndMarkets.com offer.

The personal 3D printer market is expected to grow at a compound annual growth rate of 16.27% over the forecast period to reach a market size of US$3.717 billion in 2027, from US$1.294 billion in 2020 .

Making complex designs is now possible, thanks to 3D printing techniques. Customers receive customized and personalized products through 3D printing. However, it may not be able to completely replace traditional assembly line processes. Consumers can create toys, shoes, decorative items, jewelry, etc. customized, giving manufacturers the ability to produce items to their specifications. 3D printers provide a creative platform as well as the freedom to manufacture and create objects precisely to user specifications.

Market trends

High demand for 3D printing in the dental industry, government attempts to adopt 3D printing technology, and the ability to create personalized items are some of the major reasons for the growth of the personal 3D printer market. The rising popularity of dental diseases is leading to an increase in tooth replacement surgeries, along with an increase in the elderly population and an increase in demand for custom-made dental 3D printing solutions, all of which are driving the demand for 3D printers in the whole world. world.

Additionally, increasing collaborations among major industry players and rising consumer awareness are expected to aid in the growth of the personal 3D printer market. Additionally, 3D printing technology is widely used in a variety of industries around the world as it reduces manufacturing costs and enables mass production of industrial items. Governments in several countries are taking steps to encourage the use of 3D printing in various industries.

However, the high cost of printers along with the materials used, along with the threat of copyright infringement, are expected to hamper this market growth.

Growth factors

Ease of custom product development

The popularity of print-on-demand parts for creating custom functional parts has accelerated due to the availability of materials and developments in 3D printing technologies. 3D printing makes it possible to create bespoke products tailored to the demands and specifications of the individual.

The companies offer personalized services, such as basic design creation by designers, followed by the opportunity for customers to participate in the product design process. The easy creation of custom objects is made possible by the continued technological breakthroughs in existing 3D printing technologies, the reduction in printing costs, and the availability of a variety of materials.

Constraints

High cost of materials

Traditional manufacturing processes offer a wider choice of raw materials than 3D printing processes. Due to high material prices, manufacturing products with 3D printing technology is an expensive process, which is a key market limitation. The materials that can be employed are currently limited, despite the fact that the technique is an important process innovation. In addition, due to a lack of appropriate regulations on the mechanical qualities of the materials used, the precision and reproducibility of goods created by 3D printing are limited.

Impact of COVID-19

The COVID-19 outbreak has wreaked havoc on ecosystem supply networks. When it comes to the 3D printing market, the pandemic has had a wide range of effects on industries such as healthcare, automotive, aerospace, consumer electronics, retail,… energy and power, oil and gas, construction, jewelry, food and cooking, and education, to name a few.

During the pandemic, the demand for personal protective equipment such as face masks, shields, and earmuffs has increased dramatically, leading to significant growth in the healthcare sector. Additionally, the need for venturi valves and regulators that help patients breathe has increased. Apart from that, e-commerce has flourished due to regional restrictions and logistical constraints. 3D printer manufacturers can print and ship things directly, giving them full control over materials used, storage conditions, and distribution.

Competitive Perspectives

The growing demand for personal 3D printers has led to several new players entering the personal 3D printer market. The entry of these new players into a market where traditional players such as Stratasys Ltd., 3D Systems, Inc. and General Electric already exist should lead to new innovations in the personal 3D printer market. Moreover, many of these market players have taken various strategic actions such as partnerships and development of new solutions, which are expected to keep the market competitive and ever-changing.

Main topics covered:

1. Introduction

2. Research methodology

3. Executive Summary

4. Market dynamics
4.1. Market factors
4.2. Market constraints
4.3. Porter’s Five Forces Analysis
4.3.1. Bargaining power of suppliers
4.3.2. The bargaining power of buyers
4.3.3. The threat of new entrants
4.3.4. The threat of substitutes
4.3.5. Competitive rivalry in function
4.4. Analysis of the value chain of functions

5. Personal 3D Printer Market Analysis, By Technology
5.1. Introduction
5.2. Light curing in tank
5.2.1. Stereolithography
5.2.2. Digital light processing
5.2.3. Continuous digital light processing
5.3. metal extrusion
5.4. Material jet
5.5. binder jetting
5.6. Direct Energy Deposit
5.7. Powder bed fusion
5.8. Multi-jet fusion
5.8.1. Selective Laser Sintering
5.8.2. Direct Metal Laser Sintering / Selective Laser Melting
5.8.3. Electron beam fusion
5.9. Sheet lamination

6. Personal 3D Printer Market Analysis, By End User
6.1. Introduction
6.2. Aeronautics and Defense
6.3. Automotive
6.4. Health care
6.5. Construction
6.6. Others

7. Personal 3D Printer Market Analysis, By Geography
7.1. Introduction
7.2. North America
7.2.1. United States
7.2.2. Canada
7.2.3. Mexico
7.3. South America
7.3.1. Brazil
7.3.2. Argentina
7.3.3. Others
7.4. Europe
7.4.1. UK
7.4.2. Germany
7.4.3. France
7.4.4. Italy
7.4.5. Others
7.5. The Middle East and Africa
7.5.1. Israel
7.5.2. Saudi Arabia
7.5.3. Others
7.6. Asia Pacific
7.6.1. China
7.6.2. Japan
7.6.3. India
7.6.4. South Korea
7.6.5. Taiwan
7.6.6. Thailand
7.6.7. Indonesia
7.6.8. Others

8. Competitive environment and analysis
8.1. Key Players and Strategic Analysis
8.2. Emerging players and market profitability
8.3. Mergers, acquisitions, agreements and collaborations
8.4. Supplier Competitiveness Matrix

9. Business Profiles.
9.1. Stratasys Ltd.
9.2. 3D Systems, Inc.
9.3. Dell
9.4. Robo 3D Limited
9.5. Sindoh Co.Ltd
9.6. Prusa Research sro
9.7. Zortrax
9.8. The Exone company
9.9. Prodways Group
9.10. EnvisionTEC

For more information about this report visit https://www.researchandmarkets.com/r/9oeeks

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