The Consumer 3D Printing market size is estimated to reach $12.54 billion by 2030, growing at a CAGR of 18.63% during the forecast period 2023-2030, according to a recent report published by IndustryARC. The growth of this market is fueled by the increasing demand for mass customization, rising adoption of cloud printing and increasing Government initiatives to implement 3D printing technology. Increasing applications in the Dentistry industry are also fueling the demand for Consumer 3D Printers.
Read the full report by IndustryARC here - "Consumer 3D Printing Market By Offering (Hardware, Software, Services), By Materials Used(Plastics, Metals, Ceramics, Resins, Others), By Technology(Fused Deposition Modelling (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), Electron Beam Melting (EBM), Direct Metal Laser Sintering (DMLS), Binder Jetting, Casting, and Others), By Form(Filament, Powder, Liquids), By Additive Manufacturing Process(Material Extrusion, Powder Bed Fusion, Photopolymerization, Material Jetting, Sheet Lamination), By Applications(Jewellery, Apparels and Footwear, Miniatures, Art Projects, Furniture and Home Decor, Repairs, Remote Control Cars, Kitchenware and utensils, Games, Electronics, Others), By Geography - Global Opportunity Analysis & Industry Forecast, 2023-2030".
America Accounted for Significant Market Share In 2022:
North America led the Consumer 3D Printing market with a 41% share in 2022. The less production cost, customization of products and new product launches and innovations such as 3D printed Eyewear frames, 3D printed sportswear, 3D printed bike and 3D printed footwear drive the consumer 3D printing industry growth in this region. In February 2020, as per Prodigi, many customers want to be directly engaged in the customization process. Consumers are often ready to wait longer and pay more for customized products. 41% of customers are interested to purchase unique customization 3D printing products.
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Consumer 3D Printing Market Growth Drivers:
Rising Adoption of Cloud Printing Drives the Consumer 3D Printing Market Growth
Cloud printing allows users to print through web-connected devices like PCs, tablets and smartphones over the network using cloud-based computing technology. Cloud printing through Wi-Fi increases the functionality of a 3D printer and is a major selling point for residential users. Users can upload files via online platforms or download them directly from existing libraries. In 2022, as per Lexmark report, 43% of organizations have already implemented a cloud printing management platform. In terms of cloud printing adoption, 56% is developed in the United States.
Growing Demand for Mass Customization Propels the Consumer 3D Printing Market Growth
Consumers want more customized products and services these days. Mass customization is becoming a major trend and digital manufacturing technologies such as 3D printing are critical in propelling it forward. The industrial revolution marked the growth of mass-market products and mass consumption, attributed to the globalization of consumer brands and manufacturing economies of scale. The digital world has created a new and direct line of contact between firms and customers. This leads to an increase in a new economic model of mass customization. In February 2020, as per a Forbes report, more than 50% of consumers expressed a desire in purchasing customized products or services. Such customization propels the demand for Consumer 3D printers.
Scope of Report:
- In November 2022, 3D Systems announced a strategic partnership with Wematter, a Swedish 3D Printer manufacturer to expand its Selective Laser Sintering (SLS) portfolio.
- In July 2022, EOS announced that the introduction of four new metal materials for additive manufacturing on the EOS M 290 metal system such as two stainless steels, one nickel alloy and one tool steel.
Consumer 3D Printing Market: Competitive Landscape
Key companies profiled in the Consumer 3D Printing Market are 3D Systems Corporation, Stratasys Ltd, EOS GmbH, General Electric Company (GE Additive), Materialise NV, EnvisionTec Inc., Hewlett Packard Inc., Voxeljet AG, The ExOne Company and SLM Solutions Group AG.
Mr. Venkat Reddy
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