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| Report Code: A00112 | Pages: 510 | Jun 2021 | 11943 Views | ||
| Author(s) : Avinash S , Vineet K | Tables: 210 | Charts: 98 |
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Personal 3d Printers Market
Request Now !The global personal 3D printers market size was valued at $1.69 billion in 2020 and is projected to reach $5.44 billion by 2030, to register a CAGR of 13.50% during the forecast period. 3D printers are part of the additive manufacturing family and use similar methods to a traditional inkjet printer-albeit in 3D. It takes a combination of top-of-the-line software, powder-like materials, and precision tools to create a three-dimensional object from scratch. The creation of a 3D printed object is achieved using additive processes.
The education and entertainment sector impacted negatively, due to COVID-19 Pandemic.
In an additive process, object is created by laying down successive layers of material until the object is created. Each of these layers can be seen as a thinly sliced cross-section of the object. The materials used in 3D printing include various types of polymers, metals, and ceramics. 3D printing offers methodologies that make manufacturing of complex designs an apparent reality.
3D printing delivers customers with tailored and customized products as per their requirement. However, it may not replace common assembly line methods. Consumers can develop products as per their requirements such as customized toys, shoes, decorative items, jewelry, and more; thus, giving the freedom of producing items as per the specification. 3D printer provides platform for creation along with the freedom of manufacturing objects and designing them exactly as per user specifications.
The prominent factors that drive the growth of the personal 3D printers market include high demand for 3D printing in dental industry, government initiatives toward the adoption of 3D printing technology, and capability to offer customized products. Rise in popularity of tooth conditions is resulting in increase in tooth replacement surgeries, growth in elderly population, and surge in demand for customized dental 3D printing solutions drive the demand for 3D printers across the globe.
In addition, increase in collaborations by key leading players and growth in awareness among consumers are also likely to help the personal 3D printers market growth. In addition, 3D printing technology is widely used in various applications across the globe, as it helps reduce manufacturing cost and enables the mass production of industrial goods. Governments of several countries are taking initiatives to support the adoption of the 3D printing process in various industries.
However, lack of skilled labor hampers its adoption, which is expected to pose a major threat to the global personal 3D printers market growth. However, growing adoption of 3D printers in several industries are expected to provide lucrative opportunities to the market growth.
The global personal 3D printers market is analyzed by type, material, technology, form, additive manufacturing process, application, and region. Based on type, the market is divided into hardware, software, and services. On the basis of material, it is analyzed across plastic (thermoplastics (acrylonitrile butadiene styrene (ABS), polylactic acid (PLA), nylon, and others) and photopolymers)), metal, ceramic, resins, and other. Based on technology, it is fragmented into fused deposition modeling (FDM), stereolithography (SLA), digital light processing (DLP), continuous liquid interface production (CLIP), selective laser sintering (SLS), selective deposition lamination, multi jet fusion, polyjet, selective laser melting (SLM), and others.
On the basis of form, the personal 3D printers market is classified into filament, powder, and liquids. Based on additive manufacturing process, the market is categorized into material extrusion, powder bed fusion, photopolymerisation, material jetting, and sheet lamination. The applications covered in this study include education, entertainment, photography, architecture, fashion & jewelry, and others.
Based on region, the global personal 3D printers market trend is analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, Italy, France, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). North America accounted for the highest share, owing to the expansion of the 3D printers market.
The prominent factors that drive the growth of the personal 3D printers market include high demand for 3D printing in dental industry, government initiatives toward the adoption of 3D printing technology, and capability to offer customized products. However, lack of skilled labor hampers its adoption, which is expected to pose a major threat to the global personal 3D printers market. Conversely, growth in adoption of 3D printers in several industries is anticipated to create lucrative opportunities for the personal 3D printer industry.
Competitive analysis and profiles of the major key players such as 3D Systems Corporation (U.S.), EnvisionTEC GmbH (Germany), EOS GmbH (Germany), Stratasys Ltd. (Israel), GE Additive (U.S.), Glowforge Inc. (U.S.), Optomec Inc. (U.S.), Prodways Group (France), SLM Solutions Group AG (Germany), and The ExOne Company (U.S.)., are provided in this report. These key players have adopted various strategies, such as product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations, to increase their market penetration and strengthen their foothold in the industry.
COVID-19 pandemic has severely affected many industries. It has put a halt on the production process as well as led to shortage of raw materials. Thus, hampering the trade cycle. All these factors affected the personal 3D printers market growth. The industries where 3D printers are used, i.e., education, entertainment, and photography, are non-operation in nature in this pandemic situation. Therefore, the demand for 3D printers has declined to great extent over previous financial quarter and the similar trends are expected during the next financial quarter as well.
In addition, slowdown in productions by OEMs and reduction in demand for 3D printers have slightly pulled down the 3D printers market. In addition, reduction in various capital budgets and delay in planned projects in various industries have hampered the global economy.
North America is one of the key regions for the adoption and growth of advance technologies. Hence, any impact on the growth of industries is expected to affect the economic growth of the region in a negative manner. This pandemic and ongoing situation around the globe impact the market size, with China and the U.S. being the important markets for personal 3D printers industry.
Key Benefits For Stakeholders
Personal 3D Printers Market Key Segments
By Type
By Material
By Technology
By Form
By Additive Manufacturing Process
By Application
By Region
Key Market Players
Personal 3D Printers Market Report Highlights
| Aspects | Details |
|---|---|
| By TYPE |
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| By MATERIAL USED |
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| By TECHNOLOGY |
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| By FORM |
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| By ADDITIVE MANUFACTURING PROCESS |
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| By APPLICATION |
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| By Region |
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| Key Market Players | Glowforge, Inc., SLM Solutions Group AG, The ExOne Company, Optomec, Inc., EnvisionTEC GmbH (Desktop Metal, Inc.), Prodways Group, Stratasys, Ltd., EOS GmbH, 3D Systems Corporation, GE Additive (General Electric Company) |
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The personal 3D printers market has been growing at a significant rate with increasing applications in a variety of sectors. Improved accuracy, efficiency, and speed of operations are expected to drive the market growth during the forecast period. Its use in industries such as medical, education, entertainment, and others would increase, owing to its effectiveness in obtaining faster and accurate results. The fused deposition modeling (FDM) segment would constitute the highest market share, while the selective deposition lamination segment is expected to grow at the fastest CAGR during the forecast period.
Growth in use of 3D printers in the education and fashion & jewelry industry and ability to provide customized products drive the market. However, lack of skilled labor impede this growth. In the near future, increase in application in medical and other industries is expected to create lucrative opportunities for the key players operating in the 3D printers market.
The market participants would continue to introduce the technologically advanced products to remain competitive in the market. Product launch and partnership would be prominent strategies adopted by the market players. North America holds the majority of the market on account of presence of major players in the region; however, Asia-Pacific is expected to grow at the highest CAGR, owing to the market’s growing adoption in a variety of fields during the forecast period.
A. The Personal 3D Printers Market is estimated to grow at a CAGR of 13.50% from 2021 to 2030.
A. The Personal 3D Printers Market is projected to reach $5.44 billion by 2030.
A. To get the latest version of sample report
A. High demand for 3D printing in dental industry, and government initiatives toward the adoption of 3D printing technology, etc. boost the Personal 3D Printers market growth.
A. The key players profiled in the report include 3D Systems Corporation (U.S.), EnvisionTEC GmbH (Germany), EOS GmbH (Germany), and many more.
A. On the basis of top growing big corporations, we select top 10 players.
A. The Personal 3D Printers Market is segmented on the basis of type, material, technology, form, additive manufacturing process, application, and region.
A. The key growth strategies of Personal 3D Printers market players include product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations.
A. Software segment would grow at a highest CAGR of 16.2% during the forecast period.
A. Fused Deposition Modeling segment will dominate the market by the end of 2030.
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