The 3D printer market is driven by 3D printed products in the automotive industry

Global 3D Printer Market Report 2021: COVID-19 Growth And Change By 2030

Business Research Company Global 3D Printer Market Report 2021: COVID-19 Growth And Change By 2030

LONDON, GREATER LONDON, UK, June 25, 2021 / – The increasing use of 3D printing products in the automotive industry is a key driver of the growth of the 3D printer manufacturing market. The manufacture of lightweight vehicle components is possible with the help of 3D printing, which reduces vehicle weight, increases vehicle performance and increases fuel consumption, and achieves higher productivity in injection molding machine construction with 3D printing technology. For example, in 2019 General Motors partnered with Autodesk to make cheaper and lighter 3D printed vehicle parts. Hence, the increasing demand for 3D printing products in the automotive industry is driving the demand for 3D printer manufacturing and contributing to the growth of the 3D printer manufacturing market.

The 3D printer manufacturing market consists of the sale of 3D printers that are used in the automotive, healthcare, industrial, consumer electronics, aerospace, and defense industries. 3D printing is the method of creating three-dimensional objects by transferring successive layers of material through a 3D printer.

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The global 3D printer market is forecast to grow from $ 8.62 billion in 2020 to $ 11.1 billion in 2021, with an average annual growth rate (CAGR) of 28.8%. The growth is mainly due to businesses resuming operations and adjusting to the new normal while recovering from the effects of COVID-19 that previously resulted in restrictive containment measures involving social distancing, remote working and the closure of commercial activities had that too operational challenges. The 3D printing market is expected to reach $ 25.26 billion in 2025 at a CAGR of 23%.

TBRC 3D Printer Market Report is segmented by Printer Type into Desktop 3D Printer, Industrial 3D Printer, by Technology in Stereolithography (SLA), Fused Deposition Modeling (FDM), Selective Laser Sintering (SLS), Direct Metal Laser Sintering ( DMLS), Polyjet / Multijet Printing (MJP), Inkjet Printing, Electron Beam Melting (EBM), Laser Metal Deposition (LMD), Direct Light Projection (DLP), others and after end-use industries in automotive, aerospace and defense, healthcare, food , Construction & architecture, others.

The key players in the global 3D printing industry are Stratasys, GE Additive, SLM Solutions, Voxeljet, Arcam AB, Hoganas AB, Groupe Gorgé, Renishaw PLC., Markforged Inc., Made In Space, Proto Labs Inc. and Tiertime.

3D Printer Global Market Report 2021: COVID-19 Growth And Change To 2030 is one of a series of new reports from The Business Research Company that provide an overview of the 3D Printer market, projected market size, and growth of 3D printers for the Entire Market, 3D Printer Market, Offer Segments and Regions, 3D Printer Market Trends, 3D Printer Market Drivers, Restrictions, Revenues, Profiles, and Market Shares of Leading Competitors.

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June 25, 2021 11:38 GMT

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