Desktop 3D Printer Market worth USD 48.6 billion by 2027

The Market Statsville Group (MSG) publishes the new report on the "Desktop 3D Printer Market by Components (3D Printing Materials, Technologies), by Application (Education & Art, Fashion & Aesthetics, Toys & Consumer Devices, Household Goods, Healthcare, Others (Prototyping, R&D, Food, Mold, Commercial Products)), and Region - Global Trends, Market Share, and Forecast to 2027". The global desktop 3d printer market was 59.79 billion in 2020 to USD 212.14 billion by 2027, at a CAGR of 23.5% during the forecast period 2021 to 2027. One of the major challenges faced by 3D printing technology, especially in developing economies like India, South Korea, Israel, and others, are the lack of awareness about this technology. The lack of knowledge regarding 3D printing has restrained the regions from producing high yields with higher accuracy, in lower time, and low labor costs. Funding is a major challenge for the 3D printing industry in developing economies. With a lack of awareness about 3D printing in Brazil, MEA, India, and other developing economies, the companies are not getting funding for similar companies in the U.S. or China. Among the population in developing countries like Mexico, India, Brazil, Malaysia, Turkey, and South Africa, there is still a lack of awareness about this technology, which is mistaken as costly and complex.

Global Desktop 3D Printer Market Segmentation

The overall desktop 3d printer market has been segmented into components, applications, and regions.

• By Components (3D Printing Materials, Technologies)
• By Application (Education & Art, Fashion & Aesthetics, Toys & Consumer Devices, Household Goods, Healthcare, Others (Prototyping, R&D, Food, Mold, Commercial Products))
• By Region (US, Canada, Mexico, UK, Germany, France, Italy, Spain, China, Japan, India, South Korea, Southeast Asia, Australia, Saudi Arabia, UAE, South Africa, Qatar, Nigeria, Israel, Brazil, Argentina, Peru)

Fashion & Aesthetics, by application, is estimated to hold the largest market share during the forecast period

Based on application, the global desktop 3d printer market is segmented into education & art, fashion & aesthetics, toys & consumer devices, household goods, healthcare, and others (prototyping, food, mold, and commercial products). The fashion & aesthetics segment generated the highest revenue share of 24.54% in 2020, and it is expected to register a significant CAGR of 28.7% during the forecast period 2021 to 2027. Consumer 3D printing means the production of 3D objects with desktop 3D printers at home/office/schools. Desktop 3D printer has turned many hobbyist, enthusiast, and designers into an entrepreneur. With increasing 3D manufacturers, a wide variety of desktop 3D printers at low prices have developed in the previous few years. Desktop 3D printers are widely used in various consumer sectors such as fashion & aesthetics, education & art, toys & consumer devices, healthcare, and housewares.

As rapid growth in advancements of 3D printing technology and materials for desktop 3D printers has led to the emergence of a wide variety of desktop 3D printers for homes, offices, and schools. 3D printers are not only used by traditional manufacturers but also by their customers. A college student made his own teeth aligners with the help of 3D printing.

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North America accounts for the largest market share during the forecast period in the desktop 3d printer market

Based on the regions, the global desktop 3d printer market has been segmented across North America, Asia-Pacific, Europe, South America, and the Middle East & Africa.

In 2020, North America accounted for the highest market share of 39.98% in the global desktop 3d printer market. It was anticipated to maintain its dominance throughout the forecast period, followed by the Asia Pacific and Europe. North America is currently the largest revenue-generating region in the 3D printing market, compared to the other areas. The U.S is the highest revenue-generating country in North America, followed by Canada. Mexico is expected to be the fastest-growing country in the 3D printing market. Advanced industrial infrastructure, investments for dedicated R&D facilities, and the development of 3D printing-based products are a few drivers that are driving the market in the region. Due to the decrease in printers' prices and technological advancements, the desktop 3D printer market is expected to grow at a very high rate. Many 3D printing service providers, architects, hobbyists, designers, and home-users are using desktop 3D printing on a wide range of applications using various types of material.

This research report includes a study on the development and marketing strategies, along with a study on the product portfolios and winning strategies of the leading companies operating in the desktop 3d printer market. It also consists of the profiles of leading companies such as  EnvisionTec, Inc., Autodesk, Inc., EOS (Electro-Optical Systems), GmbH, ExOne, Made In Space, Optomec, Inc., Shapeways, Inc., Stratasys Ltd., Tiertime, Voxeljet AG, Proto Labs, Inc., Dassault Systemes, GE Additive, 3DCeram, Canon, Inc., Arcam AB, 3D Systems Inc, HP Inc., Materialise NV, and Organovo Holdings Inc. These market players have focused on acquisitions and expansion to gain a larger market share in the desktop 3d printer market.

Browse complete report: https://www.marketstatsville.com/desktop-3d-printer-market

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