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3D Printer Market size was valued at USD 34.8 billion in 2019 and is poised to grow from USD 69.7 billion in 2023 to USD 149.4 billion by 2031, growing at a CAGR of 20.5% in the forecast period (2024-2031).

The major market players are concentrating on providing cutting-edge and novel solutions that meet the expanding requirements of industries.In order to provide cutting-edge products and services, these major players are making investments in R&D.In order to provide solutions of the next generation, they are entering into a strategic partnership and working together.In order to support business expansion, these businesses are providing solutions that are focused on the needs of customers.In a similar vein, the major players want to provide a wide variety of three-dimensional materials for use in every industry. 'Carbon, Inc.', ' Stratasys ', ' 3D Systems ', ' Ultimaker ', ' Formlabs ', ' HP Inc. ', ' EOS ', ' Materialise ', ' XYZprinting ', ' EnvisionTEC ', ' MakerBot ', ' Markforged ', ' Desktop Metal ', ' Renishaw ', ' SLM Solutions ', ' Prodways Group ', ' Arcam AB ', ' Mcor Technologies ', ' Optomec ', ' Additive Industries '

Digital disruptions are massively affecting advanced manufacturing technologies in many nations worldwide. 3D technology has the potential to be used in the United States. This technology was included in the budget of the United States Department of Defense in 2018 as an important capability. Products aimed at additive and 3D printing manufacturing have been launched by even tech software giants like Autodesk, Microsoft, and HP. In a similar vein, China is putting in a lot of effort to keep the manufacturing industry's competitive index in the market. Because Chinese manufacturers perceive this technology as both a danger and an opportunity for the Chinese manufacturing economy, they frequently make investments in its research and development. India, on the other hand, sees this technology as a chance to increase its share of the manufacturing competitiveness. The "Make in India" Initiative and other active government programs support India's market.

New technologies are being upgraded and developed by established market players and tech-savvy startups. 3D printers for production have become more efficient and dependable as a result of hardware advancements .One of the most widely used 3D printers is the polymer printer.

North America held the largest share of the 3D printer market in 2021, primarily as a result of rising spending on advanced manufacturing technologies by developed nations like Canada and the United States. Additionally, a number of government agencies, like the National Aeronautics and Space Administration (NASA), have identified significant investments in research and development that have the potential to significantly contribute to space applications and the development of new technologies that drive business expansion.

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Global 3D Printer Market

Product ID: SQMIG45J2073