Nov 16, 2021   SOURCE: BusinessWire

Global Personal 3D Printers Market (2021 to 2030) - Opportunity Analysis and Industry Forecasts - ResearchAndMarkets.com

The "Personal 3D Printers Market By Type, Material, Technology, Additive Manufacturing Process and Application: Global Opportunity Analysis and Industry Forecast, 2021-2030" report has been added to ResearchAndMarkets.com's offering.

The global personal 3D printers market size was $1.69 billion in 2020 and is projected to reach $5.44 billion by 2030, to register a CAGR of 13.50% during the forecast period.

3D printing is also known as additive printing technology, which allows manufacturers to build models using a variety of printing materials. Materials used for 3D printing include various types of polymers, metals, ceramics, and others. These printers feature extremely fine resin prints, utilizing a liquid base which is solidified using a UV light to create the solid objects. Personal 3D printers differ from professional-grade printers, in that they are much less expensive and the software needed to run them is much more user-friendly.

The applications of 3D printers are developing rapidly as they can achieve greater speed with higher precision and finer resolution. These features combined have brought 3D printing technology on a verge of revolution where the market is ready to transform from niche status to becoming a feasible choice to traditional manufacturing process in various applications.

Implementation of additive manufacturing would help industries improve the productivity of material by eliminating the wastage that occurs during production process. 3D printers finds its application in various industries namely education, entertainment, photography, architecture, fashion & jewelry, and others. The printing materials discussed in this report include various types of polymers, metals & alloys, ceramics, and others.

The prominent factors that drive the growth of the personal 3D printers market include high demand for 3D printing in dental industry, government initiatives toward the adoption of 3D printing technology, and capability to offer customized products. However, lack of skilled labor hampers its adoption, which is expected to pose a major threat to the global personal 3D printers market. However, growing adoption of 3D printers in several industries is expected to provide lucrative opportunities to the market growth.

Market Dynamics

Drivers

  • Surging demand for 3D printing in dental industry
  • Government initiatives toward the adoption of 3D printing technology
  • Capability to offers customized products

Restraint

  • Lack of skilled labor

Opportunity

  • Growing adoption of 3D printers in several industries

Personal 3D Printers Market Key Segments

By Type

  • Hardware
  • Software
  • Services

By Material

  • Plastic
  • Thermoplastics
  • Acrylonitrile Butadiene Styrene (ABS)
  • Polylactic Acid (PLA)
  • Nylon
  • Others
  • Photopolymers
  • Metal
  • Ceramic
  • Resins
  • Others

By Technology

  • Fused Deposition Modeling (FDM)
  • Stereolithography (SLA)
  • Digital Light Processing (DLP)
  • Continuous liquid Interface Production (CLIP)
  • Selective Laser Sintering (SLS)
  • Selective Deposition Lamination
  • Multi Jet Fusion
  • Polyjet
  • Selective Laser Melting (SLM)
  • others

By Form

  • Filament
  • Powder
  • Liquids

By Additive Manufacturing Process

  • Material Extrusion
  • Powder Bed Fusion
  • Photopolymerisation
  • Material Jetting
  • Sheet Lamination

By Application

  • Education
  • Entertainment
  • Photography
  • Architecture
  • Fashion & Jewelry
  • Others

By Region

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • UK
  • Germany
  • Italy
  • France
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Rest of Asia-Pacific
  • LAMEA
  • Latin America
  • Middle East
  • Africa

Key Market Players

  • 3D Systems Corporation
  • EnvisionTEC GmbH
  • EOS GmbH
  • GE Additive
  • Glowforge, Inc.
  • Optomec, Inc.
  • Prodways Group
  • SLM Solutions Group AG
  • Stratasys, Ltd.
  • The ExOne Company

For more information about this report visit https://www.researchandmarkets.com/r/jaccn5