The 3D printing hardware market is projected tgrow 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 tsignificant 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 tincrease 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 thold 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 tdemand, supply, and sales, in addition tthe recent developments. Major drivers, restraints, and opportunities have been covered tprovide 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 toffer 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 tthe overall business or relevant segment aligned tthe 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 intconsideration while conducting the secondary research. Both bottom-up and top-down approaches have been utilized tdetermine 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 thelp 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.
The 3D printing hardware market has been analyzed through the following segments: