Le Lézard
Classified in: Science and technology, Covid-19 virus
Subject: SVY

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:

Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.

View market snapshot before purchasing

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.

Register for a free trial today and gain instant access to 17,000+ market research reports.

Technavio's SUBSCRIPTION platform

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.

Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/ 
Report Page: https://www.technavio.com/report/3d-printer-market-industry-analysis

SOURCE Technavio


These press releases may also interest you

at 20:30
Nevada Copper Corp. ("Nevada Copper" or the "Company'') provides a project update for the underground mine at its Pumpkin Hollow project (the "Underground Project"). Performance Highlights First Stopes to Be Mined The first stope will be mined in...

at 20:15
Quorum Information Technologies Inc. ("Quorum"), a leading provider of innovative and robust technology solutions and services to traditional and electric vehicle dealerships and Original Equipment Manufacturers ("OEM") across North America,...

at 20:00
Technavio has been monitoring the halal food market and it is poised to grow by USD 624.52 billion during 2020-2024, progressing at a CAGR of over 7% during the forecast period. The report offers an up-to-date analysis regarding the current market...

at 20:00
RNAimmune, Inc., a biopharmaceutical company specializing in discovery and development of mRNA-based therapeutics and vaccines, announced today execution of definitive agreements for a seed round financing of $10 million. RNAimmune is a spin-off...

at 20:00
Today, nursing homes are the focus of intense scrutiny due to the high number of deaths during the 2020 pandemic. Covid-19 deaths in long-term nursing care facilities make up half of all such deaths in at least 18 states to date. Fears of inadequate...

at 19:56
Canada Economic Development for Quebec Regions Budget 2021 is the Government of Canada's plan to finish the fight against COVID-19 and ensure a robust economic recovery that is inclusive of all Canadians. Today, the Minister of Economic Development...



News published on 4 march 2021 at 17:30 and distributed by: