The fused deposition modeling 3D printing technology market is anticipated to increase at a CAGR of 26.78% to reach US$19,822.304 million by 2027, from US$3,765.240 million in 2020.
Fused deposition modeling (FDM) 3D printing, commonly referred to as fused filament fabrication (FFF), is a type of additive manufacturing (AM) technique used for material extrusion. FDM uses thermoplastic polymers in the form of filaments to manufacture parts layer by layer by selectively depositing melted material along a specified route. The high usability and improved usefulness of 3D printing complicated shapes have contributed to the technology's great popularity, and the same factors are expected to enhance demand for FDM technology in the years to come. The FDM 3D printing method has a sizable market share and is excellent for early prototyping. The potential for growth is enormous as desktop FDM 3D printing gains popularity among individuals, educational institutions, and the healthcare sector.
Raising customized products and technological improvements to expand the market
Increased need for customized products, technological improvements, and the expanding use of FDM printers across a range of industries are all contributing factors to the growth of the global FDM 3D printing technology market. FDM technology enables the production of intricate structures and voids that would otherwise be impractical at no additional expense to the manufacturer, with a shorter lead time, and with optimally customized parts. Engineers are looking for alternatives to metal parts to increase the overall effectiveness of a printed product, and FDM plays a big part in this. FDM is used to generate durable production parts for relatively low and short-run applications. It is also well-known for offering noteworthy performance at a reduced price and assisting small enterprises in streamlining their manufacturing procedures. The expansion of the worldwide FDM printing market is also being driven by the expanding usage of additive manufacturing technology for rapid prototyping. As a result, the global market anticipates a huge demand for FDM 3D printing technology as well as numerous opportunities.
Geographically, the Fused Deposition Modeling 3D printing technology market is segmented as North America, South America, Europe, Asia-Pacific, and Middle East & Africa. The North American and Europe segments hold a significant market share and are anticipated to grow rapidly because of their early adoption of the technology by multiple companies and the growing use of 3D printing technologies across numerous industries.
|Market Size Value in 2020||US$3,765.240 million|
|Market Size Value in 2027||US$19,822.304 million|
|Growth Rate||CAGR of 26.78% from 2020 to 2027|
|Forecast Unit (Value)||USD Million|
|Segments Covered||Component, End-User, And Geography|
|Regions Covered||North America, South America, Europe, Middle East and Africa, Asia Pacific|
|Companies Covered||Prusa Research a.s., Zortrax, Raise3d, Inc., Ultimaker B.V., Markforged, Roboze S.P.A, Stratasys Ltd., Bigrep Gmbh|
|Customization Scope||Free report customization with purchase|
Frequently Asked Questions (FAQs)
Q1. What will be the fused deposition modeling 3D printing technology market size by 2027?
A1. The fused deposition modeling 3D printing technology market is anticipated to reach a market size of US$19,822.304 million in 2027.
Q2. What is the size of the global fused deposition modeling 3D printing technology market?
A2. Fused Deposition Modeling 3D Printing Technology Market was valued at US$3,765.240 million in 2020.
Q3. What are the growth prospects for the fused deposition modeling 3D printing technology market?
A3. The global fused deposition modeling 3D printing technology market is anticipated to grow at a CAGR of 26.78% during the forecast period.
Q4. Which region holds the maximum market share of the fused deposition modeling 3D printing technology market?
A4. The North American and Europe regions hold a significant share of the fused deposition modeling 3D printing technology market.
Q5. What factors are anticipated to drive the fused deposition modeling 3D printing technology market growth?
A5. Increased need for customized products, technological improvements, and the expanding use of FDM printers across a range of industries are all contributing factors to the global FDM 3D printing technology market growth.
1.1. Market Overview
1.2. COVID-19 Scenario
1.3. Market Definition
1.4. Market Segmentation
2. RESEARCH METHODOLOGY
2.1. Research Data
3. EXECUTIVE SUMMARY
3.1. Research Highlights
4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Porter’s Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
5. FUSED DEPOSITION MODELING 3D PRINTING TECHNOLOGY MARKET BY COMPONENT
6. FUSED DEPOSITION MODELING 3D PRINTING TECHNOLOGY MARKET BY END-USER
6.3. Aerospace and Defense
7. FUSED DEPOSITION MODELING 3D PRINTING TECHNOLOGY MARKET BY GEOGRAPHY
7.2. North America
7.2.1. United States
7.3. South America
7.5. Middle East and Africa
7.5.1. United Arab Emirates
7.5.3. Saudi Arabia
7.6. Asia Pacific
7.6.4. South Korea
8. COMPETITIVE INTELLIGENCE
8.1. Major Players and Strategy Analysis
8.2. Emerging Players and Market Lucrativeness
8.3. Mergers, Acquisitions, Agreements, and Collaborations
8.4. Vendor Competitiveness Matrix
9. COMPANY PROFILES
9.1. Prusa Research a.s.
9.3. Raise3d, Inc.
9.4. Ultimaker B.V.
9.6. Roboze S.P.A
9.7. Stratasys Ltd.
9.8. Bigrep Gmbh
Prusa Research a.s.
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