The Global Desktop 3D Printing Market size is expected to reach $7.1 billion by 2028, rising at a market growth of 19.2% CAGR during the forecast period.
3D printing is a technology that generates objects commonly referred to as additive manufacturing. It provides a wide range of potential for the creation, design, and performance of unique architectural shapes, construction systems, and materials. It is a cutting-edge, quick, and agile approach to product development and production.
A desktop 3D printer is a compact 3D printer that can construct items from scratch. Owing to the fact that they can be used on a standard desk, they are referred to as desktop 3D printers. They don't need a wide area. Desktop 3D printers, in contrast, are tiny & portable. They are perfect for tiny workstations due to their compact size. A manufacturing business might not have the option of deploying a large 3D printer if it operates out of a tiny plant. Fortunately, there is a space-saving alternative provided by desktop 3D printers. They are a desirable option for small workstations since they may fit on the surface of a desk.
The demand for desktop 3D printers is being driven by the growing use of additive manufacturing and the rising need for advanced manufacturing & rapid prototyping across many industries. Rapid prototyping has become more popular, which has helped businesses create effective systems & products. During the forecast period, these aspects are anticipated to work together to drive market growth.
The growing adoption of 3D printing technology across several verticals is also greatly influenced by the ease of production and various advantages it offers. Manufacturers can benefit from 3D printing through prototyping, structural design of structures and finished goods, modeling, and accelerated time to market. It has dramatically decreased production costs, enabling businesses to sell premium goods at competitive pricing.
The major strategies followed by the market participants are Product Launches. Based on the Analysis presented in the Cardinal matrix; Dassault Systèmes SE and Canon, Inc. are the forerunners in the Desktop 3D Printing Market. Companies such as 3D Systems Corporation, Shapeways, Inc. and EnvisionTec, Inc. are some of the key innovators in Desktop 3D Printing Market.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Dassault Systèmes SE, 3D Systems Corporation, Autodesk, Inc., Canon, Inc., Materialise NV, EnvisionTec, Inc. (Desktop Metal, Inc.), Voxeljet AG, Stratasys, Ltd., Proto lab, Inc., and Shapeways, Inc.
3D printing is a technology that generates objects commonly referred to as additive manufacturing. It provides a wide range of potential for the creation, design, and performance of unique architectural shapes, construction systems, and materials. It is a cutting-edge, quick, and agile approach to product development and production.
A desktop 3D printer is a compact 3D printer that can construct items from scratch. Owing to the fact that they can be used on a standard desk, they are referred to as desktop 3D printers. They don't need a wide area. Desktop 3D printers, in contrast, are tiny & portable. They are perfect for tiny workstations due to their compact size. A manufacturing business might not have the option of deploying a large 3D printer if it operates out of a tiny plant. Fortunately, there is a space-saving alternative provided by desktop 3D printers. They are a desirable option for small workstations since they may fit on the surface of a desk.
The demand for desktop 3D printers is being driven by the growing use of additive manufacturing and the rising need for advanced manufacturing & rapid prototyping across many industries. Rapid prototyping has become more popular, which has helped businesses create effective systems & products. During the forecast period, these aspects are anticipated to work together to drive market growth.
The growing adoption of 3D printing technology across several verticals is also greatly influenced by the ease of production and various advantages it offers. Manufacturers can benefit from 3D printing through prototyping, structural design of structures and finished goods, modeling, and accelerated time to market. It has dramatically decreased production costs, enabling businesses to sell premium goods at competitive pricing.
COVID-19 Impact Analysis
Many industries have been badly impacted by the outbreak of COVID-19. Both the production process and the availability of raw materials have been halted as a result. These elements all had an impact on the market expansion for personal 3D printers. Education, entertainment, & photography - the three industries that use 3D printers - are not operational during this pandemic condition. As a result, the demand for 3D printers has significantly decreased over the past financial quarter, and similar trends are predicted for the upcoming quarter as well.Market Growth Factors
More Budget Friendly
One of the most significant benefits of 3D printing technology is that it requires low labor costs. Labor costs have a significant impact on determining the budgetary allocation for building a framework. When it comes to conventional production, labor costs are very high and skilled machine operators are required. But with 3D printers, all that is required, is for the operator to press a button; the rest of the operation is carried out automatically by the printer. Additionally, mass & small-scale manufacturing are equivalent when producing goods utilizing 3D printing.
Ability To Produce Fast
The deployment of this technology over traditional manufacturing techniques is how quickly 3D printers can manufacture models. The 3D printing is quicker & simpler than traditional manufacturing processes. The rapid incorporation of ideas & designs using 3D printing occurs from the blueprint stage to the finished product. A CAD model can be utilized to extract complex patterns that can then be printed, and the process only takes a few hours.Market Restraining Factors
Availability Of Better Alternatives In The Market
There are additional 3D printing technologies available in the market. A manufacturing company may need to spend more money on a larger commercial 3D printer if it wishes to use alternative technology. As compared to bigger commercial 3D printers, some desktop printers have worse accuracy. This is one of the certain drawbacks of using a desktop 3D printer. A desktop 3D printer might not work well for applications that call for precise forms and sizes. There are still a lot of really precise desktop 3D printers available in the market. Commercial 3D printers, however, are frequently the most precise.Component Outlook
On the basis of component, the desktop 3D printing market is fragmented into hardware, software (Design Software, Inspection Software, Printer Software & Scanning Software) and services. The hardware segment led the desktop 3D printing market by generating maximum revenue in 2021. The segment's expansion has been propelled by sophisticated production techniques & rapid prototyping. The growth is being fueled by a number of factors, such as increased consumer electronic device penetration, growing industrialization & urbanization, the development of civil infrastructure, and reduced labor costs.Technology Outlook
Based on technology, the desktop 3D printing market is segmented into stereolithography, fuse deposition modeling, selective laser sintering, digital light processing, laminated object manufacturing and others. The stereolithography segment covered a substantial revenue share in the desktop 3D printing market in 2021. Users of the stereolithography technique can produce idea models, intricately detailed complex parts, & quick cosmetic prototypes. This is one of the oldest techniques for creating 3D printed objects. Incorporating the stereolithography apparatus (SLA), which turns liquid plastic into solid objects, is the process.Application Outlook
By application, the desktop 3D printing market is classified into prototyping, tooling & functional parts. In 2021, the prototyping segment witnessed a significant revenue share in the desktop 3D printing market. Prototyping has been widely adopted across a number of business industries. Prototyping is used in the design & development of intricate systems, parts, and components in the aerospace and defense, automotive, industries. Manufacturing companies can create trustworthy finished items because of the incredibly exact outcomes of prototyping. All these factors is expected to support the market growth.Vertical Outlook
On the basis of vertical, the desktop 3D printing market is categorized into education, fashion & jewellery, objects, dental/healthcare, food and others. In 2021, the fashion and jewelry segment garnered a substantial share of the desktop 3D printing market. The market growth has been fueled by the growing adoption of 3D printing in the production of miniatures, apparel, imitation jewelry, clothing & art, and craft. For the purpose of creating 3D-printed jewelry, the ideas of investment casting & lost wax casting are combined with the capabilities of a digital design and production process.Material Outlook
Based on material, the desktop 3D printing market is divided into plastic, metal and ceramic. The metal segment procured a significant revenue share in the desktop 3D printing market in 2021. As the demand for direct manufacture of complex end-use parts increases, metals for 3D printing is becoming more & more common. Metals make traditional manufacturing processes' tooling simpler, resulting in reduced costs & shorter lead times. The creative flexibility of 3D printing and the mechanical properties of the metal are combined in metal 3D printing.Regional Outlook
Region-wise, the desktop 3D printing market is analyzed across North America, Europe, Asia Pacific and LAMEA. The North America led the desktop 3D printing market with the maximum revenue share in 2021. Factors that are anticipated to drive the market in the region include the existence of big companies in the region and customers' ability to spend more than in this region. The high defense budget in the United States combined with the use of 3D-printed metal components in government & private aerospace industries is anticipated to drive market growth.Cardinal Matrix - Desktop 3D Printing Market Competition Analysis
The major strategies followed by the market participants are Product Launches. Based on the Analysis presented in the Cardinal matrix; Dassault Systèmes SE and Canon, Inc. are the forerunners in the Desktop 3D Printing Market. Companies such as 3D Systems Corporation, Shapeways, Inc. and EnvisionTec, Inc. are some of the key innovators in Desktop 3D Printing Market.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Dassault Systèmes SE, 3D Systems Corporation, Autodesk, Inc., Canon, Inc., Materialise NV, EnvisionTec, Inc. (Desktop Metal, Inc.), Voxeljet AG, Stratasys, Ltd., Proto lab, Inc., and Shapeways, Inc.
Recent Strategies Deployed in Ultra-Mobile Devices Market
» Product Launch and Product Expansions:
- Jun-2022: Stratasys unveiled Stratasys RadioMatrix, the latest material for its Digital Anatomy 3D printers. This material makes it possible to produce ‘radio-realistic models’ that could be under CT scans & X-rays. In addition, the material is the first radiopaque material available for polymer 3D printing leading providers largely adopted Digital Anatomy systems, which is expected to enable consumers to create full-colour & biomechanically realistic models for training, pre-surgical planning & medical device development.
- Jun-2022: Desktop Metal, Parent company of EnvisionTec, Inc., launched FreeFoam, the latest 3D printable photopolymer resin family which consists of heat-activated foaming agents. This product is expected to help in the development of tunable and durable closed cell foam parts, which are expected to see extensive use in sectors such as automotive, furniture, sporting goods, footwear, & healthcare.
- May-2022: Stratasys launched F190 CR and F370 CR machines, F123 Series of FDM 3D printers, and FDM Nylon-CF10 material, new carbon fiber-reinforced. The latest composite 3D printers are developed for manufacturers & industrial machinists to produce end-use components, and jigs, fixtures & work holding tools.
- Nov-2021: Shapeways Holdings partnered with Desktop Metal, a public American technology company. This partnership aimed to help Desktop Metal in expanding its system capacity as well as capabilities by providing consumers access to these solutions at Shapeways’ ISO-9001 manufacturing facilities in Long Island City, New York & Eindhoven, Netherlands. Furthermore, Desktop Metal aimed to leverage Otto, Shapeways’ manufacturing capabilities & purpose-built software platform with the focus of providing its consumers with instant access to fully digitized, end-to-end 3D printing workflows.
- Oct-2021: Shapeways introduced Otto, Software-as-a-Service. The company focused on making the route to industrial-grade additive production simple, fast & more flexible. This product is expected to enable manufacturers in getting free access to completely digitized and end-to-end 3D printing workflows that help in removing unnecessary risk & costs.
- Jun-2021: Stratasys introduced PolyJet 3D printers, Stratasys J35 Pro & the Stratasys J55 Prime, and the latest software solutions for research & packaging prototyping. This latest J35 Pro 3D printer accommodates everything from concept modeling to realistic, high-fidelity, and fully functioning models. In addition, the printer is an all-in-one, multi-material desktop 3D printer that is perfect for the engineering & design office setting.
- Mar-2021: Dassault Systemes introduced two latest software packages on its 3DEXPERIENCE platform. This launch is focused on digital design hobbyists considering creating & share their 3D projects with all. The package provides an exclusive suite of purpose-built 3D design applications designed, by granting access to the original SOLIDWORKS Professional program that includes 3D Creator & 3D Sculptor for engineering & artistic enthusiasts alike.
- Feb-2021: 3D Systems released high-speed fusion, a 3D printing system. This launch is expected to address aerospace & automotive applications. In addition, the system involves direct printing for applications including aerospace interiors & ducting; tooling & fixtures for things such as automation as well as robotics tooling, and prototyping parts for automotive, medical, and heavy equipment.
- Feb-2020: Stratasys released J826 3D Printer. The newly launched printer combines part realism & productivity that includes full PANTONE, validated color & multi-material 3D printing. J826 is designed for the designers with the aim of making it possible for enterprise groups to save weeks on design cycles with unique print quality to create highly realistic prototypes which is expected to help achieve the exact intent of the designer, bringing them to life much faster &enhancing quality with more design iterations.
» Partnerships, Collaborations and Agreements:
- Feb-2022: 3D Systems Corporations entered into a partnership with Saremco Dental AG. The companies aimed to improve its digital dentistry material portfolio. Under this partnership, the companies is expected to expand the distribution of the Swiss manufacturer’s CROWNTEC combined resins in the U.S. for 3D printing of biocompatible permanent restorations like onlays, crowns, veneers, inlays, & artificial teeth for dentures within dental clinics & labs.
- Jan-2022: Materialise entered into a partnership with Sigma Labs, a quality assurance software developer. Through this partnership, the companies aimed to design a technology that enables the real-time correction of errors during metal additive manufacturing.
- May-2021: Materialise partnered with Airbus, a European multinational aerospace corporation. The partnership aimed to make the companies qualified by the aerospace leader to manufacture flight-ready parts utilizing EOS’s laser sintering technology, especially the EOS P 770 & a flame-retardant polyamide (PA 2241 FR) powder.
- Apr-2021: EnvisionTEC signed an agreement with Adaptive3D, the premium Additive Manufacturing polymer resin supplier. With this move, the companies aimed to pair ToughRubber photoresins with Xtreme 8K DLP (digital light processing) printers.
» Acquisitions and Mergers:
- Feb-2022: 3D Systems took over Titan Additive & Kumovis, polymer extrusion 3D printing companies. This acquisition aimed at expanding the company's reach in the medical & industrial market, which is expected to enable the company to address its consumers' needs for large build volumes, superior performance & enhanced productivity at a lesser cost.
Scope of the Study
Market Segments Covered in the Report:
By Application
- Functional Parts
- Prototyping
- Tooling
By Vertical
- Dental/Healthcare
- Fashion & Jewellery
- Education
- Objects
- Food
- Others
By Technology
- Digital Light Processing
- Stereolithography
- Fuse Deposition Modelling
- Laminated Object Manufacturing
- Selective Laser Sintering & Others
By Component
- Hardware
- Software
- Design Software
- Printer Software
- Inspection Software
- Scanning Software
- Services
By Material
- Plastic
- Ceramic
- Metal
By Geography
- North America
- US
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
- LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Dassault Systèmes SE
- 3D Systems Corporation
- Autodesk, Inc.
- Canon, Inc.
- Materialise NV
- EnvisionTec, Inc. (Desktop Metal, Inc.)
- Voxeljet AG
- Stratasys, Ltd.
- Proto lab, Inc.
- Shapeways, Inc.
Unique Offerings from the Publisher
- Exhaustive coverage
- The highest number of Market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market Overview
Chapter 3. Competition Analysis - Global
Chapter 4. Global Desktop 3D Printing Market by Application
Chapter 5. Global Desktop 3D Printing Market by Vertical
Chapter 6. Global Desktop 3D Printing Market by Technology
Chapter 7. Global Desktop 3D Printing Market by Component
Chapter 8. Global Desktop 3D Printing Market by Material
Chapter 9. Global Desktop 3D Printing Market by Region
Chapter 10. Company Profiles
Companies Mentioned
- Dassault Systèmes SE
- 3D Systems Corporation
- Autodesk, Inc.
- Canon, Inc.
- Materialise NV
- EnvisionTec, Inc. (Desktop Metal, Inc.)
- Voxeljet AG
- Stratasys, Ltd.
- Proto lab, Inc.
- Shapeways, Inc.
Methodology
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