3D Printing Hardware Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Technology, By End-User (Healthcare, Automotive, Aerospace And Defence, Construction, Others), And By Geography - Forecasts From 2019 To 2024

The 3D printing hardware market is projected to grow at a CAGR of 23.41% by 2024. The process of 3D printing includes the making of 3D solid objects using 3D printers. The growth of the market is attributed to the significant growth of various industries like consumer electronics, healthcare, and automotive among others and their growing focus towards cost reduction is further inclining them towards adoption of advanced technologies which is further expected to increase the adoption of 3D printing technology thus boosting the demand for 3D printing hardware further fueling the market growth during the forecast period. By region, North America is expected to hold a significant share, being an early adopter of technology and the presence of a large number of players in the region.

This research study examines the current market trends related to demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical regions. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.

Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study have been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases, and journals among others have been taken into consideration while conducting the secondary research. Both bottom-up and top-down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the 3D printing hardware value chain. The last step involves complete market engineering which includes analyzing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting.

Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining a faster and efficient understanding of the 3D printing hardware market.

The major players profiled in the 3D printing hardware market include Stratasys Ltd., The Exone Company, Ultimaker BV, Xjet, HP, and SLM Solutions Group among others.

3D Printing Hardware Market Scope:

Segmentation

The 3D printing hardware market has been analyzed through the following segments:

By Technology

• Vat Photopolymerization
  • Stereolithography
  • Digital Light Processing
  • Continuous Digital Light Processing
• Metal Extrusion
• Material Jetting
• Binder Jetting
• Direct Energy Deposition
• Powder Bed Fusion
  • Multi Jet Fusion
  • Selective Laser Sintering
  • Direct Metal Laser Sintering / Selective Laser Melting
  • Electron Beam Melting
• Sheet Lamination

By End-User

• Healthcare
• Automotive
• Aerospace and Defence
• Construction
• Others

By Geography

• North America
• South America
• Europe
• Middle East and Africa
• Asia Pacific

Frequently Asked Questions (FAQs)

Q1. What are the growth prospects for the 3D printing hardware market?
A1. The 3D printing hardware market is projected to grow at a CAGR of 23.41% over the forecast period.

Q2. Who are the major players in the 3D printing hardware market?
A2. The major players profiled in the 3D printing hardware market include Stratasys Ltd., The Exone Company, Ultimaker BV, Xjet, HP, and SLM Solutions Group among others.

Q3. How is the global 3D printing hardware market segmented?
A3. The global 3D printing hardware market has been segmented by technology, end-user, and geography.

Q4. What factors are anticipated to drive the 3D printing hardware market growth?
A4. The 3D printing hardware market growth is attributed to the significant growth of various industries like consumer electronics, healthcare and automotive among others and their growing focus towards cost reduction.

Q5. Which region holds the maximum market share of the 3D printing hardware market?
A5. North America is expected to hold a significant share of the 3D printing hardware market due to being an early adopter of technology and the presence of a large number of players in the region.