PORTLAND, OREGON, USA, February 1, 2022 /EINPresswire.com/ — Growing demand for custom dental 3D printing solutions due to increase in dental surgeries and other conditions is driving the demand for 3D printers across the world.
Allied Market Research has published a research report on the Personal 3D Printers market. The report findings indicate that the global personal 3D printer market was worth $1.69 billion in 2020 and is projected to reach $5.44 billion by 2030, growing at a CAGR of 13.5% from 2021 to 2030. report provides a detailed analysis of emerging market trends, major segments, key investment areas and competitive landscape for investors, shareholders, market players and new entrants.
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Avinash Savekar, Principal Analyst for Semiconductors and Electronics at Allied Market Research, said, “The Asia-Pacific personal 3D printer market is expected to grow at the highest rate during the forecast period, driven by the increased adoption of 3D printer technology. Additionally, several organizations in Asia are taking various initiatives to build 3D printers with advanced technologies, which will help drive the growth of the 3D printer market in the region.”
The report provides detailed analysis of market drivers, restraints, and opportunities to help market players strategize and capitalize on new opportunities. Rising demand for custom dental 3D printing solutions due to increase in dental surgeries and other conditions is driving the demand for 3D printers across the world. Additionally, government initiatives towards the adoption of 3D printing technology and the ability to provide customized products are contributing to the growth of the market.
However, shortage of experienced personnel is hampering its adoption and is expected to pose a serious threat to the global personal 3D printer market. On the other hand, favorable government initiatives and increasing adoption of 3D printers across a variety of industries are likely to provide potential opportunities for market expansion.
The study provides an in-depth analysis of Covid-19, along with its implications for the global Personal 3D Printers industry. Covid-19 has severely affected the supply chain and halted the production process. These factors, along with shortage of raw materials, have affected the growth of the personal 3D printer market. The majority of industries using 3D printers were not operational during the pandemic, which reduced the demand for 3D printers in the market. Additionally, a backlog in OEM production and a drop in demand for 3D printers have dragged the 3D printer market down. However, demand is expected to recover quickly as daily operations resume at full capacity.
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The report offers an in-depth analysis of the global personal 3D printers market segmentation based on type, technology, and region. This analysis provides valuable insights for investors, entrepreneurs, and key industry players to discover the most profitable and fastest growing areas. On the basis of type, the market is divided into hardware, software and services. The hardware segment is changing rapidly as companies focus on developing entirely new hardware solutions. The hardware segment generated the highest revenue in 2020, and is forecast to grow at a CAGR of 11.5% from 2021 to 2030.
Based on technology, 3D printer market is fragmented into fusion deposition modeling (FDM), digital light processing (DLP), stereolithography (SLA), selective laser sintering (SLS), liquid interface production continuous (CLIP), selective deposition lamination, polyjet, multi-jet fusion, selective laser fusion (SLM) and others. The fused deposition modeling category accounted for more than two-fifths of the personal 3D printer market in 2020. However, the selective deposition lamination segment is expected to grow at the fastest rate during the projected period.
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Based on region, the personal 3D printer market is segmented into North America (United States, Canada, and Mexico), Asia-Pacific (China, Japan, India, South Korea, and Rest of Asia-Pacific), LAMEA (Latin America, Middle East and Africa) and Europe (UK, Germany, Italy, France and Rest of Europe). Germany was the largest shareholder in the European personal 3D printer market, with more than a third of the share in 2020. However, North America held the largest market share due to the growth of the 3D printer market .
Major players analyzed in the research include The ExOne Company (US), Optomec Inc. (US), (US), EnvisionTEC GmbH (Germany), 3D Systems Corporation (US), EOS GmbH ( Germany), Stratasys Ltd. (Israel), Glowforge Inc. (USA), GE Additive (USA), SLM Solutions Group AG (Germany) and Prodways Group (France).
About Allied Market Research:
Allied Market Research (AMR) is a full-service market research and business consulting division of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global corporations as well as small and medium enterprises with unrivaled quality of “market research reports” and “Business Intelligence solutions”. AMR has a focused vision to provide business insights and advice to help its clients make strategic business decisions and achieve sustainable growth in their respective market areas.
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