3D printer market 2023-2027; A descriptive analysis of the five forces model, market dynamics, and segmentation - Technavio
NEW YORK, Feb. 7, 2023 /PRNewswire/ -- According to Technavio, the global 3D printer market size is estimated to grow by USD 25,095.58 million from 2022 to 2027. The market is estimated to grow at a CAGR of 23.49% during the forecast period. North America held the largest share of the global market in 2022, and the market in the region is estimated to witness an incremental growth of 36%. For more Insights on market size Request a sample report
3D printer market - Five Forces The global cloud data warehouse market is fragmented, and the five forces analysis covers?
Bargaining Power of Buyers
The threat of New Entrants
Threat of Rivalry
Bargaining Power of Suppliers
Threat of Substitutes
Interpretation of porter's five models helps to strategize the business, for entire details ? buy the report!
3D printer market ? Customer Landscape
The report includes the market's adoption lifecycle, from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
3D printer market - Segmentation Assessment
Segment Overview Technavio has segmented the market by Product (Industrial 3D printer and Desktop 3D printer), Technology (Fused deposition modeling, Selective laser sintering, Stereolithography, and Others), and Geography (North America, Europe, APAC, South America, and Middle East and Africa).
The market growth will be significant in the industrial 3D printer segment during the forecast period. The segment is driven by the increasing adoption of industrial 3D printers for designing, prototyping, and tooling in industries such as aerospace and defense, automotive, consumer electronics, and healthcare.
Geography Overview By geography, the global 3D printer market is segmented into North America, Europe, APAC, South America, and Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global 3D printer market.
North America will account for 36% of the market growth during the forecast period. The growth of the regional market is driven by increasing investments by governments and industry participants in additive manufacturing.
The market is driven by the increase in consumer interest in 3D customized products.
Consumers are exhibiting high interest in customized 3D products.
They are either ordering the product from the companies that provide customized products or are purchasing a desktop 3D printer to design and develop in-house 3D printed products.
Besides, 3D printers are becoming more affordable, and the increasing disposable incomes of consumers are encouraging them to invest in 3D printers to develop customized products.
Industrial professionals are also actively investing in 3D printers to develop customized products and reach the expectations of customers and increase profits.
Leading trends influencing the market
The increase in 3D printing outsourcing is a key trend in the market.
Many companies are outsourcing 3D printing projects for both prototypes and production runs to cut down costs.
The lack of equipment and the high cost of owning 3D printers are other major factors leading to a significant rise in the demand for 3D printing outsourcing services.
Moreover, it requires the right knowledge and experience to operate the machine and to set up the right mix of materials.
Hence, many end-users in the market have started to outsource 3D printing services, which is expected to foster market growth during the forecast period.
Major challenges hindering the market growth
The high cost of training the workforce is a major factor hindering market growth.
Providing technical training to the workforce on additive manufacturing is high as 3D printers and their materials come at a high cost.
Several companies are investing in educating students on additive manufacturing to build the future workforce for the global 3D printer market.
Many vendors in the market are also providing technical training for operators, developers, and designers on additive manufacturing.
However, the high cost associated with training the workforce on additive manufacturing is reducing the growth potential in the market.
The metal additive manufacturing market is estimated to grow at a CAGR of 20.84% between 2022 and 2027. The size of the market is forecast to increase by USD 7,574.3 million. The increased preference for additive manufacturing is notably driving the market growth, although factors such as high production costs may impede the market growth.
The laser engraving machine market is projected to grow by USD 511.91 million with a CAGR of 7.18% during the forecast period 2021 to 2026. The increasing applications of laser engraving in multiple industries are one of the key factors driving the global laser engraving machine market growth.
3D Printer Market Scope
Report Coverage
Details
Page number
173
Base year
2022
Historic period
2017-2021
Forecast period
2023-2027
Growth momentum & CAGR
Accelerate at a CAGR of 23.49%
Market growth 2023-2027
USD 25095.58 million
Market structure
Fragmented
YoY growth 2022-2023 (%)
22.33
Regional analysis
North America, Europe, APAC, South America, and Middle East and Africa
Performing market contribution
North America at 36%
Key countries
US, Canada, China, Germany, and UK
Competitive landscape
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
Key companies profiled
3D Systems Corp., Autodesk Inc., Desktop Metal Inc., EOS GmbH, Formlabs Inc, General Electric Co., HP Inc., JINHUA WANHAO SPARE PARTS CO. LTD., Materialise NV, N3 Technologies Inc., Nano Dimension Ltd., Organovo Holdings Inc., Proto Labs Inc., SLM Solutions Group AG, Stratasys Ltd., Ultimaker BV, voxeljet AG, XYZPRINTING Inc., YFC BonEagle ELECTRIC CO. LTD., and Zhejiang Flashforge 3D Technology Co. Ltd.
Market dynamics
Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period.
Customization purview
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Table of contents:
1 Executive Summary
1.1 Market overview
Exhibit 01: Executive Summary ? Chart on Market Overview
Exhibit 02: Executive Summary ? Data Table on Market Overview
Exhibit 03: Executive Summary ? Chart on Global Market Characteristics
Exhibit 04: Executive Summary ? Chart on Market by Geography
Exhibit 05: Executive Summary ? Chart on Market Segmentation by Product
Exhibit 06: Executive Summary ? Chart on Market Segmentation by Technology
Exhibit 07: Executive Summary ? Chart on Incremental Growth
Exhibit 08: Executive Summary ? Data Table on Incremental Growth
Exhibit 09: Executive Summary ? Chart on Vendor Market Positioning
2 Market Landscape
2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics
3 Market Sizing
3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2022
3.4 Market outlook: Forecast for 2022-2027
Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)
4 Historic Market Size
4.1 Global 3D printer market 2017 - 2021
Exhibit 18: Historic Market Size ? Data Table on Global 3D printer market 2017 - 2021 ($ million)
Exhibit 54: Data Table on Selective laser sintering - Year-over-year growth 2022-2027 (%)
7.5 Stereolithography - Market size and forecast 2022-2027
Exhibit 55: Chart on Stereolithography - Market size and forecast 2022-2027 ($ million)
Exhibit 56: Data Table on Stereolithography - Market size and forecast 2022-2027 ($ million)
Exhibit 57: Chart on Stereolithography - Year-over-year growth 2022-2027 (%)
Exhibit 58: Data Table on Stereolithography - Year-over-year growth 2022-2027 (%)
7.6 Others - Market size and forecast 2022-2027
Exhibit 59: Chart on Others - Market size and forecast 2022-2027 ($ million)
Exhibit 60: Data Table on Others - Market size and forecast 2022-2027 ($ million)
Exhibit 61: Chart on Others - Year-over-year growth 2022-2027 (%)
Exhibit 62: Data Table on Others - Year-over-year growth 2022-2027 (%)
7.7 Market opportunity by Technology
Exhibit 63: Market opportunity by Technology ($ million)
8 Customer Landscape
8.1 Customer landscape overview
Exhibit 64: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
9.1 Geographic segmentation
Exhibit 65: Chart on Market share by geography 2022-2027 (%)
Exhibit 66: Data Table on Market share by geography 2022-2027 (%)
9.2 Geographic comparison
Exhibit 67: Chart on Geographic comparison
Exhibit 68: Data Table on Geographic comparison
9.3 North America - Market size and forecast 2022-2027
Exhibit 69: Chart on North America - Market size and forecast 2022-2027 ($ million)
Exhibit 70: Data Table on North America - Market size and forecast 2022-2027 ($ million)
Exhibit 71: Chart on North America - Year-over-year growth 2022-2027 (%)
Exhibit 72: Data Table on North America - Year-over-year growth 2022-2027 (%)
9.4 Europe - Market size and forecast 2022-2027
Exhibit 73: Chart on Europe - Market size and forecast 2022-2027 ($ million)
Exhibit 74: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
Exhibit 75: Chart on Europe - Year-over-year growth 2022-2027 (%)
Exhibit 76: Data Table on Europe - Year-over-year growth 2022-2027 (%)
9.5 APAC - Market size and forecast 2022-2027
Exhibit 77: Chart on APAC - Market size and forecast 2022-2027 ($ million)
Exhibit 78: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
Exhibit 79: Chart on APAC - Year-over-year growth 2022-2027 (%)
Exhibit 80: Data Table on APAC - Year-over-year growth 2022-2027 (%)
9.6 South America - Market size and forecast 2022-2027
Exhibit 81: Chart on South America - Market size and forecast 2022-2027 ($ million)
Exhibit 82: Data Table on South America - Market size and forecast 2022-2027 ($ million)
Exhibit 83: Chart on South America - Year-over-year growth 2022-2027 (%)
Exhibit 84: Data Table on South America - Year-over-year growth 2022-2027 (%)
9.7 Middle East and Africa - Market size and forecast 2022-2027
Exhibit 85: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
Exhibit 86: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
Exhibit 87: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
Exhibit 88: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
9.8 US - Market size and forecast 2022-2027
Exhibit 89: Chart on US - Market size and forecast 2022-2027 ($ million)
Exhibit 90: Data Table on US - Market size and forecast 2022-2027 ($ million)
Exhibit 91: Chart on US - Year-over-year growth 2022-2027 (%)
Exhibit 92: Data Table on US - Year-over-year growth 2022-2027 (%)
9.9 Germany - Market size and forecast 2022-2027
Exhibit 93: Chart on Germany - Market size and forecast 2022-2027 ($ million)
Exhibit 94: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
Exhibit 95: Chart on Germany - Year-over-year growth 2022-2027 (%)
Exhibit 96: Data Table on Germany - Year-over-year growth 2022-2027 (%)
9.10 China - Market size and forecast 2022-2027
Exhibit 97: Chart on China - Market size and forecast 2022-2027 ($ million)
Exhibit 98: Data Table on China - Market size and forecast 2022-2027 ($ million)
Exhibit 99: Chart on China - Year-over-year growth 2022-2027 (%)
Exhibit 100: Data Table on China - Year-over-year growth 2022-2027 (%)
9.11 Canada - Market size and forecast 2022-2027
Exhibit 101: Chart on Canada - Market size and forecast 2022-2027 ($ million)
Exhibit 102: Data Table on Canada - Market size and forecast 2022-2027 ($ million)
Exhibit 103: Chart on Canada - Year-over-year growth 2022-2027 (%)
Exhibit 104: Data Table on Canada - Year-over-year growth 2022-2027 (%)
9.12 UK - Market size and forecast 2022-2027
Exhibit 105: Chart on UK - Market size and forecast 2022-2027 ($ million)
Exhibit 106: Data Table on UK - Market size and forecast 2022-2027 ($ million)
Exhibit 107: Chart on UK - Year-over-year growth 2022-2027 (%)
Exhibit 108: Data Table on UK - Year-over-year growth 2022-2027 (%)
9.13 Market opportunity by geography
Exhibit 109: Market opportunity by geography ($ million)
10 Drivers, Challenges, and Trends
10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 110: Impact of drivers and challenges in 2022 and 2027
10.4 Market trends
11 Vendor Landscape
11.1 Overview
11.2 Vendor landscape
Exhibit 111: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 112: Overview on factors of disruption
11.4 Industry risks
Exhibit 113: Impact of key risks on business
12 Vendor Analysis
12.1 Vendors covered
Exhibit 114: Vendors covered
12.2 Market positioning of vendors
Exhibit 115: Matrix on vendor position and classification
12.3 3D Systems Corp.
Exhibit 116: 3D Systems Corp. - Overview
Exhibit 117: 3D Systems Corp. - Business segments
Exhibit 118: 3D Systems Corp. - Key news
Exhibit 119: 3D Systems Corp. - Key offerings
Exhibit 120: 3D Systems Corp. - Segment focus
12.4 Desktop Metal Inc.
Exhibit 121: Desktop Metal Inc. - Overview
Exhibit 122: Desktop Metal Inc. - Business segments
Exhibit 123: Desktop Metal Inc. - Key news
Exhibit 124: Desktop Metal Inc. - Key offerings
Exhibit 125: Desktop Metal Inc. - Segment focus
12.5 EOS GmbH
Exhibit 126: EOS GmbH - Overview
Exhibit 127: EOS GmbH - Product / Service
Exhibit 128: EOS GmbH - Key offerings
12.6 Formlabs Inc
Exhibit 129: Formlabs Inc - Overview
Exhibit 130: Formlabs Inc - Product / Service
Exhibit 131: Formlabs Inc - Key news
Exhibit 132: Formlabs Inc - Key offerings
12.7 General Electric Co.
Exhibit 133: General Electric Co. - Overview
Exhibit 134: General Electric Co. - Business segments
Exhibit 135: General Electric Co. - Key news
Exhibit 136: General Electric Co. - Key offerings
Exhibit 137: General Electric Co. - Segment focus
12.8 HP Inc.
Exhibit 138: HP Inc. - Overview
Exhibit 139: HP Inc. - Business segments
Exhibit 140: HP Inc. - Key news
Exhibit 141: HP Inc. - Key offerings
Exhibit 142: HP Inc. - Segment focus
12.9 Materialise NV
Exhibit 143: Materialise NV - Overview
Exhibit 144: Materialise NV - Business segments
Exhibit 145: Materialise NV - Key news
Exhibit 146: Materialise NV - Key offerings
Exhibit 147: Materialise NV - Segment focus
12.10 Nano Dimension Ltd.
Exhibit 148: Nano Dimension Ltd. - Overview
Exhibit 149: Nano Dimension Ltd. - Product / Service
Exhibit 150: Nano Dimension Ltd. - Key offerings
12.11 Organovo Holdings Inc.
Exhibit 151: Organovo Holdings Inc. - Overview
Exhibit 152: Organovo Holdings Inc. - Business segments
Exhibit 153: Organovo Holdings Inc. - Key offerings
Exhibit 154: Organovo Holdings Inc. - Segment focus
12.12 Proto Labs Inc.
Exhibit 155: Proto Labs Inc. - Overview
Exhibit 156: Proto Labs Inc. - Business segments
Exhibit 157: Proto Labs Inc. - Key offerings
Exhibit 158: Proto Labs Inc. - Segment focus
12.13 SLM Solutions Group AG
Exhibit 159: SLM Solutions Group AG - Overview
Exhibit 160: SLM Solutions Group AG - Business segments
Exhibit 161: SLM Solutions Group AG - Key offerings
Exhibit 162: SLM Solutions Group AG - Segment focus
12.14 Stratasys Ltd.
Exhibit 163: Stratasys Ltd. - Overview
Exhibit 164: Stratasys Ltd. - Product / Service
Exhibit 165: Stratasys Ltd. - Key news
Exhibit 166: Stratasys Ltd. - Key offerings
12.15 Ultimaker BV
Exhibit 167: Ultimaker BV - Overview
Exhibit 168: Ultimaker BV - Product / Service
Exhibit 169: Ultimaker BV - Key offerings
12.16 XYZPRINTING Inc.
Exhibit 170: XYZPRINTING Inc. - Overview
Exhibit 171: XYZPRINTING Inc. - Product / Service
Exhibit 172: XYZPRINTING Inc. - Key offerings
12.17 YFC BonEagle ELECTRIC CO. LTD.
Exhibit 173: YFC BonEagle ELECTRIC CO. LTD. - Overview
Exhibit 174: YFC BonEagle ELECTRIC CO. LTD. - Product / Service
Exhibit 175: YFC BonEagle ELECTRIC CO. LTD. - Key offerings
13 Appendix
13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 176: Inclusions checklist
Exhibit 177: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 178: Currency conversion rates for US$
13.4 Research methodology
Exhibit 179: Research methodology
Exhibit 180: Validation techniques employed for market sizing
Exhibit 181: Information sources
13.5 List of abbreviations
Exhibit 182: List of abbreviations
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