April 2024
30 Jul 2024
The global 3D printers market revenue was valued at USD 20.70 billion in 2023 and is poised to grow from USD 24.37 billion in 2024 to USD 119.92 billion by 2034, at a CAGR of 17.3% during the forecast period 2024 – 2034. The continuous research and evolution in the 3D printers market is growing the demand of the market.
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The 3D printer industry is considered to be one of the most significant industries in the printing sector. It deals with manufacturing a wide variety of printers with rapid advancement according to the rising demand. Three-dimensional printing or 3D printing is the construction of 3D objects from a CAD model or a 3D digital model. There are several types of 3D printers, such as Stereolithography (SLA), Electron Beam Melting (EBM), Selective Laser Sintering (SLS), Direct Metal Laser Sintering (DMLS), Fused Deposition Modelling (FDM), PolyJet, Digital Light Process (DLP), Multi Jet Fusion (MJF). The market is highly focused on manufacturing high-speed printers to serve the requirements of various industries such as healthcare sectors and many more.
Bioprinting and sustainability of 3D printers are driving the growth of the 3D printers market
The adoption of bioprinting of functional and intricate organs in the healthcare sector helps to cope with a huge challenge existing with compatibility and shortage in the transplantation of organs. With the availability of customized solutions for 3D bioprinters, the suggestion of advanced treatment methods to ensure that the treatment is effective for the individual patient requirements is enhanced.
The 3D bioprinters are observed to play a significant role in organ transplantation and helping the healthcare industries to increase the success rate in this sector. With the rising awareness of the usage of environmentally sustainable products, 3D printers are expected to play an important role in embracing environmentally friendly materials. For instance, the research team of Chalmers University of Technology in Sweden found a 3D-printed hydrogel made up of nanocellulose and algae.
Also, in the U.S., at the University of Wisconsin-Madison, a team of scientists developed the first 3D-printed brain tissue in February 2024 that can grow and function like real brain tissue. It is considered to be a sustainable nanocellulose-based material which is used to develop 3D printing. The advanced concept of digital twins for enhanced prototyping includes the creation of a virtual copy of an object.
The defense, automotive, aerospace, and healthcare verticals are predicted to subsidize the development of industrial 3D printer manufacturing suggestively in the prediction period due to the dynamic acceptance of technology in several manufacturing processes related to these sectors. In the medical sector, AM supports the growth of muscles and artificial tissues, which imitate natural human tissues to utilize in replacement surgeries.
3D printers offer several benefits, but aspects such as copyright concerns, post-processing, and build-size restrictions hinder the market's growth. Many designs are copied without consent when using 3D printers, which is a matter of concern and disadvantage. The huge expenses associated with setting up 3D printers also hinder the market's growth.
| Report Attribute | Key Statistics |
| Market Revenue in 2024 | USD 24.37 Billion |
| Market Revenue by 2034 | USD 119.92 Billion |
| Market CAGR | 17.3% from 2024 to 2034 |
| Quantitative Units | Revenue in USD million/billion, Volume in units |
| Largest Market | North America |
| Base Year | 2023 |
| Forecast Period | 2024 to 2034 |
| Regions Covered | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Recent Development by Prusa Research
Recent Development by Raise3D Technologies
North America held the largest share of the 3D printers market in 2023 due to the rising adoption of additive manufacturing in this region. Countries in the North American region, such as the U.S. and Canada, are revolutionizing 3D printer manufacturing to fulfill the requirements of all sectors, such as healthcare and many others.
Europe is expected to have the fastest-growing 3D printers market due to rapid advancement and investment in research studies. For instance, in January 2024, the European Space Agency (ESA) launched its first metal 3D printer. The market is growing rapidly due to the rising government investment and growing collaboration among research companies.
Integration of artificial integration (AI) in the 3D printers market
Growing companies are incorporating artificial intelligence (AI) into the 3D printers market to enhance the effectiveness and output. Artificial intelligence algorithms help optimize the design process and are, hence, capable of creating complex designs. The rising demand for bioprinting can also influence the 3D printing industries as this technology includes the utilization of living cells to get the prints of tissues and organs. This bioprinting technology has the potential to make a revolutionary change in the healthcare sector.
Market Segmentation
By Component
By Printer Type
By Technology
By Software
By Application
By Vertical
By Material
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