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The ability to consolidate a number of components into a single complex part, create complex geometry parts and minimize the wastage of materials &cost in the consumer sector has led to desktop 3D printing technology to emerge as one of the most ideal solutions amongst the present day innovations. Desktop 3D printers are considered as the fastest-growing segment of 3D printing technology, because of lower cost of 3D printers, ease of use and easy portability. Consumer/desktop 3D printing refers to the production of 3D objects with desktop 3D printers at homes/offices/schools.The main reason for this is the tremendous growth of 3D printing market in consumer sectors such as education & art, fashion & aesthetics, toys & consumer devices, household goods and healthcare among others.
The desktop 3D printer market comprises of various technology based desktop 3D printer technologies such as Fused Filament Fabrication (FFF), Stereolithography (SLA), Digital Light Processing (DLP) and Selective Deposition Lamination (SDL) among others; and materials such as plastics, photopolymers, composites, paper and wax among others.
The sales volume & revenue generated from desktop 3D printers in the market has been tracked to calculate the market size. Under this section, the technologies by industrial verticals and its application areas which are shaping the market have been explained. Moreover, the market size (sales volume & revenue) of desktop 3D printers in different industrial verticals by different geographical regions have also been explained.
While highlighting the key driving and restraining forces for this market, the report also provides a detailed explanation of the materials and technologies used in desktop 3D printing and application areas of this market. It also analyzes the key players involved in the industry.
The report puts special emphasis on the market share and size of the desktop 3D printer market, owing to the changing paradigms in the industry. The most often used strategy for gaining a better hold on to the market has been through product launches, followed by partnerships. Moreover, the company profile section includes highlights of significant information about the key companies involved along with their financial positions and SWOT analysis. Some of the key players involved in this market are XYZprinting Inc., 3D Systems, Stratasys Ltd., Ultimkare, M3D, FlashForge, Formlabs, Tinkerine Studios Ltd., Markforged, Zortrax, Shining 3D and Robo 3D.
Executive Summary
3D printing technology is the essential bridge between digital and physical disruption. It has the ability to turn digital files into physical objects, which allows people to design, scan, share, and send digital representations of physical objects anywhere to print 3D objects.3D printing technology operates in a similar manner as that of 2D printing on paper. In 3D printing technology, thousands of layers of material are printed layer upon layer with the help of an extruder to create the objects in 3D.
The global desktop 3D printer market is estimated to reach more than $2.35 billion in terms of revenue and around 2.6 million units in terms of sales volume by 2022. A constant governmental support, decreasing costs, and growing demand of desktop 3D printers from various consumer sectors are some of the key reasons responsible for the rapid growth of this market. However, the market consists of certain constraints such as questionable quality of desktop 3D printers, limitations in build volume size, lack of consumer awareness, and compatibility of 3D printing materials, which are hampering its overall growth.
The report has been further classified into various industrial verticals namely – education & art, fashion & aesthetics, toys & consumer devices, household goods and healthcare among others, in which fashion & aesthetics sector holds the largest share in terms of revenue. However, education & art is expected to grow largely in the forecast period to reach the highest sales volume by 2022.
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