Updated News: 3D Printing Market Is Estimated To Reach USD 39.5 Billion In 2024 | CAGR 24.6% — Forencis Research

  • According to the new market research report “3D Printing Market by Technology (Stereolithography (SLA), Digital Light Processing (DLP), Liquid Deposition Modeling (LDM), Fused Deposition Modeling (FDM), Selective Laser Sintering (SLS), Selective Laser Melting (SLM), Electronic Beam Melting (EBM), Laminated Object Manufacturing (LOM)), by Component (Printer Type, Material type, Software, Service), by End Use (Automotive, Consumer Electronics, Consumer Goods, Aerospace & Defense, Healthcare, Construction, & Others), by Region (Asia Pacific, Europe, Middle East & Africa, South America, North America) — Global Forecast (2020 to 2025)”, the global 3D Printing market is estimated to reach USD 39.5 Billion by 2024 at a CAGR of around 24.6% during the review period.
  • 3D printing is process of building the three-dimensional object by successive addition of thin layers till a desired shape is obtained
  • Relatively high production speed as compared to traditional manufacturing method has expected to boost the market growth
  • Increasing adoption of technology for applications in various industries such as healthcare, automotive, and others may increase the opportunities for market growth
  • However, higher material cost and its availability remain a major restraining factor for the growth of the 3D Printing market
  • Increasing demand for customized products by various end use industries is expected to surge the demand for 3D printing market
  • Government investments and increase research & development actives has expected to surge the demand for 3D printing market
  • Higher potential to improve manufacturing process and enhance the supply chain management opportunities may boost the market growth
  • Higher initial investment and required maintenance expertise has anticipated to hinder the growth of 3D printing market
  • North America
  • Asia Pacific
  • 3D Systems, Inc.:
  • Stratasys Ltd.:

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