Global Personal 3D Printers Market – Industry Trends and Forecast to 2029

Personal 3D Printers Market Analysis and Size

The advent of 3D printing technology has changed the way products are designed, developed, manufactured, and distributed. The advantages of 3D printing over traditional manufacturing create numerous opportunities for industry verticals ranging from product design and development to customization services and supply chain restructuring for increased efficiency. Continuous product portfolio innovations and upgrades can help attract a diverse range of customers from various industry verticals.

Data Bridge Market Research analyses that the personal 3d printers market was valued at USD 1,900 million in 2021 and is expected to reach the value of USD 5496.45 million by 2029, at a CAGR of 14.2% during the forecast period. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and consumer behaviour.

Report Scope and Market Segmentation

Market Definition

3D printers are part of the additive manufacturing family and use methods similar to traditional inkjet printers, albeit in 3D. To create a three-dimensional object from scratch, a combination of cutting-edge software, powder-like materials, and precision tools is required. The production of a 3D printed object is accomplished through the use of additive processes. An object is created in an additive process by laying down successive layers of material until the object is complete. Each of these layers is a thinly sliced cross-section of the object. Polymers, metals, and ceramics are among the materials used in 3D printing. 3D printing provides methodologies that make complex design manufacturing a visible reality.

Global Personal 3D Printers Market Dynamics

Drivers

• Government initiatives towards the adoption of 3d printing technology

The high demand for 3D printing in the dental industry, government initiatives toward adopting 3D printing technology, and the ability to offer customised products are the major factors driving the personal 3D printers market growth. Increased popularity of tooth conditions leads to an increase in tooth replacement surgeries, an increase in the elderly population, and a surge in demand for customised dental 3D printing solutions, all of which drive global demand for 3D printers.

• Various benefits offered by the 3D printing technologies to the designers

The primary factor driving the automotive 3D printing market is the increasing need to manufacture complex designs in the automotive sector in a short period of time, as well as the increasing demand for precise machined components and high product quality. The 3D printing process has several advantages over traditional manufacturing processes, including a shorter value chain, reduced time and cost due to the elimination of assembly steps, increased customization and design freedom, and minimal waste. Furthermore, at the early stages of production, 3D printing is advantageous because designers can detect errors or defects in the initial prototype, reducing overall production lead time and operational costs.

Opportunity

Furthermore, increased collaborations among key leading players and increased consumer awareness are expected to aid the growth of the personal 3D printers market. Furthermore, 3D printing technology is widely used in a variety of applications around the world because it reduces manufacturing costs and enables mass production of industrial goods. Several countries' governments are taking steps to encourage the use of 3D printing in a variety of industries.

Restraints

The need for skilled labour or expertise to operate 3D printers is one of the major challenges in the automotive 3D printing market. Aside from that, the materials available for use are still limited. Because of the high melting points of some metal alloys, they cannot be used indefinitely to produce high-quality products in a 3D printer. These factors are currently limiting market growth.

This personal 3d printers market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the personal 3D printers market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Personal 3D Printers Market

Almost every industry on the planet has suffered a setback in the last 18 months. This can be attributed to severe disruptions in their respective manufacturing and supply-chain operations as a result of multiple precautionary lockdowns and other restrictions imposed by governments worldwide. The market for inkjet printers is no exception. Furthermore, consumer preferences have decreased as people are now much more focused on removing non-essential expenses from their budgets as the outbreak has negatively impacted the overall economic situation of most people. The aforementioned factors are likely to have a negative impact on the revenue trajectory of the inkjet printers market over the forecast period.

Global Personal 3D Printers Market Scope

The personal 3d printers market is segmented on the basis of type, material, technology, form, additive manufacturing process and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

• Hardware
• Software
• Services

Material

• Plastic
• Metal
• Ceramic
• Resins
• Other

Technology

• Fused Deposition Modelling (FDM)
• Stereo lithography (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

Form

• Filaments
• Powder
• Liquids

Additive manufacturing process

• Material Extrusion
• Powder Bed Fusion
• Photo polymerisation
• Material Jetting
• Sheet Lamination

Application

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

Personal 3D Printers Market Regional Analysis/Insights

The personal 3d printers market is analysed and market size insights and trends are provided by country, type, material, technology, form, additive manufacturing process and application as referenced above.

The countries covered in the personal 3d printers market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America has the highest penetration of 3D printing applications, owing to early adoption of technologies in comparison to other regions. However, due to increased investments by public and private institutions in the region, Asia-Pacific is expected to lead the market during the forecast period. Furthermore, countries such as China and India are expected to invest heavily in the commercialization of several automotive technologies. Furthermore, the expiration of key patents related to 3D printing processes has prompted manufacturers and start-ups to enter the region's market. Aside from these, a decrease in the price of 3D printers would increase demand for 3D printing.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Personal 3D Printers Market Share Analysis

The personal 3d printers market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to personal 3D printers market.

Some of the major players operating in the personal 3d printers market are:

• Videojet Technologies, Inc. (U.S.
• Canon Singapore Pte. Ltd. (Singapore)
• HP Development Company, L.P. (U.S.)
• Xerox Corporation (U.S.)
• Brother Industries, Ltd. (Japan)
• KEYENCE CORPORATION (Japan)
• Konica Minolta Business Solutions India Private Limited (India)
• Seiko Epson Corporation (Japan)
• Lexmark International, Inc. (U.S.)
• Hitachi Industrial Equipment Systems Co.,Ltd. (Japan)
• Hewlett Packard Enterprise Development LP (U.S.)
• Domino Printing Sciences plc (U.K.)
• Dell (U.K.)     

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