According to a current analysis by Emergen Research, the Global Desktop 3D Printer Market size is forecast to exceed USD 5,129.0 Million in terms of revenue from USD 1435.9 Million in 2019, delivering a CAGR of 17.2% through 2027. Extensive application of 3D printing in medicals, fashion & aesthetics, consumer products, and others will drive desktop 3D printer market growth over the forecast period. The ease in manufacturing, the ability to develop intricate tailored designs, reduction in errors and overall time are other key factors bolstering the adoption of desktop 3D printers.
As automation is becoming a norm in manufacturing sectors, manufacturing companies are able to reduce cost by producing goods locally while limiting the need for man force. Revolutionization of manufacturing industries with the help of 3D technology will further boost desktop 3D printer market trends through 2027. However, lack of governing bodies for the regulation of the market and high costs associated with the deployment of large-scale 3D printing may restrain industry growth.
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Key Highlights from Report
- Based on technology, the stereolithography (SLA) sub-segment accounted for nearly 18% of the desktop 3D printer market share in 2019 and is expected to gain major traction through 2027 on account of benefits of SLA technology, including sharpest detail, smooth finish, and high resolution, coupled with versatility.
- Based on industry vertical, the fashion and aesthetic sub-segment dominated the desktop 3D printer industry in 2019 and is projected to make a significant revenue contribution through 2027. The robust growth can be attributed to the rapid expansion of the fashion industry. Extensive usage of 3D printer for fashion apparel, accessories, and jewellery applications, advantages of minimum material wastage by 3D printing technology, and the recyclability of 3D printed products made of materials like plastics are boosting segmental growth.
- In the regional landscape, North America is expected to account for a major chunk of the global desktop 3D printer market in the forecast period on account of the highest adoption rate of the product in the U.S. Increasing emphasis on adoption of advanced technology and presence of various medium and small-sized manufacturers in the region will bolster market revenue share through 2027.
- Key players operating in the global desktop 3D printer market are 3D Systems, Stratasys Ltd., Tinkerine Stidios Ltd., M3D, XYZprinting Inc., Tiertime Corporation, Markforged, Zortrax, Ultimaker, and Shining 3D, among others.
- Stratasys, a global pioneer and 3D printing company entered a technical collaborative agreement with a motorsport outfit firm, Team Penske, in September 2020.
Emergen Research has segmented the Global Desktop 3D Printer Market on the basis of material, technology, industry vertical, and region:
- Material Outlook (Revenue, USD Billion; 2017-2027)
- Metals
- Plastics
- Composites
- Others
- Technology Outlook (Revenue, USD Billion; 2017-2027)
- Fused Deposition Modeling (FDM)
- Direct Metal Laser Sintering (DMLS)
- Inkjet Printing
- Laser Metal Deposition (LMD)
- Laminated Object Manufacturing (LOM)
- Stereolithography (SLA)
- Selective Laser Sintering (SLS)
- PolyJet/MultiJet Printing (MJP)
- Electron Beam Melting (EBM)
- Direct Light Projection (DLP)
- Others
- Industry Vertical Outlook (Revenue, USD Billion; 2017-2027)
- Engineering
- Consumer Products
- Healthcare
- Education
- Printed Electronics
- Food and Culinary
- Jewellery
- Fashion & Aesthetic
- Others
- Regional Outlook (Revenue, USD Billion; 2017-2027)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- U.A.E.
- Rest of MEA
- North America
To get leading market solutions, visit the link below: https://www.emergenresearch.com/industry-report/desktop-3d-printer-market