3D Desktop Printer Market Expected to Grow by USD$5.20 Billion by 2028

There's expected to be increasing demand for 3D-printed jewelry to boost market growth, Technavio reports.

There's expected to be increasing demand for 3D-printed jewelry to boost market growth, Technavio reports.

The global 3D desktop printer market size is estimated to grow by USD$5.20 billion from 2024-2028, according to Technavio. The market is estimated to grow at a compound annual growth rate of almost 20.28%  during the forecast period. Increasing demand for 3D printed jewelry is driving market growth, with a trend towards expansion of 3D printing in direct digital manufacturing, Technavio reports. The market research firm also reports that rising demand for quick prototyping, and Increasing acquisition strategies by companies can lead to future growth.

However, adverse environmental impact of additive manufacturing  poses a challenge. Key market players include 3D Systems, 3DCeram, Autodesk, Canon, Carbon, Dassault Systemes, Desktop Metal, EOS, Formlabs, Fusion3 Design, General Electric, HP, Materialise, Proto Labs, Renishaw, Robert Bosch, Shapeways Holdings, Stratasys, voxeljet, and XYZPRINTING.

The high cost of training and encumbrances associated with 3D printing technology is a challenge that affects the growth of the market. Knowledge of 3D printers and technology enables optimal use of additive manufacturing and intelligent production. Therefore, various stakeholders, such as designers and manufacturers, need to be trained in additive manufacturing. However, due to the high cost of this and technology, the cost of training for employees is high.

Additionally, there is a lack of standardization in additive manufacturing in some organizations. Therefore, high training costs and limitations associated with this are likely to impede the growth of the global market during the forecast period.

Market Segmentation By Material

The market share growth by the polymer segment will be significant during the forecast period. There is growing interest in using plastics to create 3D-printed shapes and parts due to the material's highly malleable assembly capabilities. Additionally, the researchers are conducting innovative research to advance new polymers by combining several polymers and blending them with existing crude components to ensure better performance of the final product. 

For more report details, click here.

Sources: Press materials received from the company and additional information gleaned from the company’s website.

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