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HomeBusiness3D Printer Market Expected Growth of $16.94 Billion: Technavio

3D Printer Market Expected Growth of $16.94 Billion: Technavio

13 August 2021: Technavio Research Report says, 3D printer market is likely to register a CAGR of over 23% with an incremental growth of $ 16.94 billion during 2021-2025. The market is concentrated, and the degree of concentration will accelerate during the forecast period. 3D Systems Corp.(US), EOS GmbH Electro Optical Systems (Germany), Formlabs Inc. (US), HP Inc. (US), Materialise NV (Belgium) are some of the major market participants.

Impact of COVID-19:
– The COVID-19 pandemic continues to transform the growth of various industries, however, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. COVID-19 will have a negative impact on the 3D printer market. In the short term, the market demand will show At par growth due to the increase in infections and reduced economic activity.
– Global 3D Desktop Market Report – The global 3D desktop printer market size has the potential to grow by USD 9.29 billion and the market’s growth momentum will accelerate during the forecast period because of the steady increase in year-over-year growth.
– Although the increasing investments in additive manufacturing and emphasis on reducing the time-to-market will offer immense growth opportunities, however, the lack of availability of raw materials and in-house additive manufacturing resources is likely to pose a challenge for the market vendors. In a bid to help players strengthen their market foothold, this 3D printer market forecast report provides a detailed analysis of the leading market vendors.

3D Printer Market 2021-2025: Key Highlights:
– CAGR of the market during the forecast period 2021-2025
– Detailed information on factors that will assist 3d printer market growth during the next five years
– Estimation of 3D printer market size and its contribution to the parent market
– Predictions on upcoming trends and changes in consumer behavior
– Growth of the 3D printer market across USA, Europe, APAC, South America and MEA
– Analysis of the market’s competitive landscape and detailed information on vendors
– Comprehensive details of factors that will challenge growth of 3D printer market vendors

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