The 3D desktop printer market is expected to grow by USD 9.29 billion, progressing at a CAGR of almost 37% during the forecast period.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201127005195/en/
Technavio has announced its latest market research report titled Global 3D Desktop Printer Market 2020-2024 (Graphic: Business Wire)
The rising demand for quick prototyping is one of the major factors propelling market growth.
3D desktop Printer Market: Technology Landscape
3D printers with FDM technology are less expensive and user-friendly. This technology is commonly used for prototyping, production, and modeling applications. Moreover, 3D printers with FDM technology are used to manufacture in-house products, ranging from toys to plastic utensils. The benefits of 3D desktop printers with FDM technology, such as affordability, user-friendliness, and scalability, contribute to the growth of the desktop 3D printer market in this segment. Market growth in this segment will be faster than the growth of the market in SLS and others technology segments.
3D desktop Printer Market: Geographic Landscape
The growing IT investments and digitalization among enterprises and start-ups, rising venture capital investments, and increasing government initiatives are some of the factors that will significantly influence desktop 3D printer market growth in the region. Over 38% of the market’s growth will originate from North America during the forecast period. The US and Canada are the critical desktop 3D desktop printer markets in North America. Market growth in this region will be slower than the growth of the market in APAC.
Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.
Related Reports on Information Technology Include:
Global Large Format Printers Market: 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: Click and Get FREE Sample Report in Minutes!
3D Systems Corp.
Desktop Metal Inc.
EOS GmbH Electro Optical Systems
Proto Labs Inc.
What our reports offer:
Market share assessments for the regional and country-level segments
Strategic recommendations for the new entrants
Covers market data for 2019, 2020, until 2024
Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)
Strategic recommendations in key business segments based on the market estimations
Competitive landscaping mapping the key common trends
Company profiling with detailed strategies, financials, and recent developments
Supply chain trends mapping the latest technological advancements
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.
Key Topics Covered:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
2.2 Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
Value chain analysis
Market segmentation analysis
PART 04: MARKET SIZING
Market sizing 2019
Market size and forecast 2019-2024
PART 05: FIVE FORCES ANALYSIS
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
PART 06: MARKET SEGMENTATION BY TECHNOLOGY
Market segmentation by technology
Comparison by technology
FDM - Market size and forecast 2019-2024
SLS - Market size and forecast 2019-2024
SLA - Market size and forecast 2019-2024
Others - Market size and forecast 2019-2024
Market opportunity by technology
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
North America - Market size and forecast 2019-2024
Europe - Market size and forecast 2019-2024
APAC - Market size and forecast 2019-2024
South America - Market size and forecast 2019-2024
MEA - Market size and forecast 2019-2024
Key leading countries
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
PART 11: MARKET TRENDS
Expansion of 3D printing in direct digital manufacturing
Increasing product launches
Evolving SMEs contributing to rising demand
PART 12: VENDOR LANDSCAPE
PART 13: VENDOR ANALYSIS
Market positioning of vendors
3D Systems Corp.
Desktop Metal, Inc.
EOS GmbH Electro Optical Systems
Proto Labs, Inc.
PART 14: APPENDIX
List of abbreviations
Definition of market positioning of vendors
PART 15: EXPLORE TECHNAVIO
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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20201127005195/en/