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Investment by the government on 3D printing projects and reduction in manufacturing cost, along with process downtime, will drive the market demand.
VANCOUVER, BC, CANADA, August 2, 2022 /EINPresswire.com/ -- The global desktop 3D printer market is projected to be worth USD 5,129.0 Million by 2027, according to a current analysis by Emergen Research. The industry for desktop 3D printer is witnessing a surge in demand as there is an increased application for 3D printing in consumer products, and medicals, among others. The reduction in errors and overall time and development cost, ease in manufacturing, and the ability to build very intricate tailored designs are driving the market growth.
Investment by the government on 3D printing projects and reduction in manufacturing cost, along with process downtime, will drive the market demand.
The market is revolutionizing the industry, with automation becoming a norm in manufacturing sectors. It will witness increased investment by manufacturing companies as it reduces cost by limiting the need for man force and can produce goods locally. However, deployment of large-scale 3D printing is quite high, and the lack of governing bodies for the regulation of the market will curb the growth of the desktop 3D printer market.
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Key Highlights From The Report
In September 2020, Stratasys, a leading market player, made an announcement about the signing of a technical collaborative agreement with Team Penske, a motorsport outfit firm.
In the medical sector, desktop 3D printer are used to make implants, scaffolds, surgical instruments, and prosthetics. The growing demand for advanced medical products and prosthetics are propelling the demand for the market.
Digital fabrication technology has made desktop 3D printing cost-effective and less time-consuming. A variety of materials can be used for the prototype application, such as cheap PLA, durable nylon, impact-resistant ABS, and others.
Key Players operating in the Desktop 3D Printer industry are:
Stratasys Ltd., 3D Systems, Tinkerine Stidios Ltd., XYZ printing Inc., M3D, Tiertime Corporation, Shining 3D, Markforged, Zortrax, and Ultimaker, among others.
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Emergen Research has segmented the global desktop 3D printer market on the basis of material, technology, indust ry vertical, and region:
Material Outlook (Revenue, USD Billion; 2017-2027)
Technology Outlook (Revenue, USD Billion; 2017-2027)
Direct Metal Laser Sintering (DMLS)
Industry Vertical Outlook (Revenue, USD Billion; 2017-2027)
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The Global Desktop 3D Printer Market is further analyzed across the key geographical locations where the market has expanded to a significant size. The key region analyzed are North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The report offers a country-wise analysis to provide a comprehensive analysis of the Desktop 3D Printer market in terms of production and consumption patterns, supply and demand ratio, import/export, revenue contribution, trends, and presence of prominent players in each region.
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
The all-inclusive report on the Global Desktop 3D Printer Market added by Emergen Research demonstrates that the global Desktop 3D Printer market is presumed to grow at a steady CAGR throughout the forecast timeline. The report analyzed the key market drivers, restraints, growth opportunities, investment opportunities, threats, and limitations of the Desktop 3D Printer market. The report also offers accurate forecast estimation at a global and regional level to impart a better understanding of the scope of the market.
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Key Objectives of the Global Desktop 3D printer Market Report:
An all-inclusive analysis and forecast estimation of the market have been included in this report.
The report offers valuable insights into the major drivers, limitations, opportunities, and challenges faced by the global Desktop 3D printer market and its leading players.
The report sheds light on the prominent market contenders, as well as their business strategies and long-term expansion plans.
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Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
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Desktop 3D Printer Market Size Worth USD 5,129.0 Million by 2027
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