3D Printing, also well-known as additive manufacturing, is a technology that generates objects, as it offers a plethora of openings in the production, design, and performance of novel architectural forms, construction systems, and materials. It is a ground-breaking, faster, and more agile approach of product development and production. Although, The 3D printer market consists of sales of 3D printers that are utilized in automotive, healthcare, industrial, consumer electronics, aerospace and defence industries. 3D printing is the approach of creating three-dimensional objects by transferring consecutive material layers through the 3D printer.
According to the report analysis, ‘Asia Pacific 3D Printers Market 2020-2030 by Printer Type (Industrial/Commercial 3D Printers, Consumer/Desktop 3D Printers), Material Form, Technology, End User, and Country: Trend Forecast and Growth Opportunity’ states that 3D Systems Corporation, Arcam AB, Desktop Metal, EOS GmbH Electro Optical Systems, ExOne Co., FlashForge Corporation, Formlabs Inc., Hewlett-Packard Inc., Leapfrog 3D Printers, Markforged, Materialise NV, Mcor Technologies Ltd., Printrbot, Proto Labs Inc., Robo 3D, Shining 3D, SLM Solutions Group AG, Stratasys Ltd., Tiertime Corporation, Tinkerine Studios Ltd., Ultimaker BV, XYZprinting Inc., Zortraxand many more are the foremost corporate which recently functioning in the 3D printers market for leading the highest market growth and registering the great value of market share around the globe during the recent era while increasing the applications and specifications of such, delivering the better consumer satisfaction, employing the young and active personnel, analysing the strategies and policies of the government as well as corporate, implementing the policies of the enlargement as well as profit making, establishing the several research and development programs, improving the qualitative and quantitative measures of such, and spreading the awareness connected to the applications and benefits of such.
The high cost linked with 3D printing limits the growth of the 3D printer manufacturing market. Various aspects contribute to the greater costs of 3D printing tools. To name a few, the energy that 3D printing demands to manufacture objects is massively expensive and the energy demanded by some of the 3D printing procedures uses up to 50-100 times more electricity than injection molding machines. Furthermore, the software required to run the 3D printers is costly and must be modified regularly to make it functional and actual. The cost of a 3D printer can vary by tens of thousands of dollars, from basic $200 fused filament fabrication (FDM) machines to the most advanced ones. The high cost associated with 3D printing limits the requirement for 3D printers thereby limiting the growth of the 3D printer manufacturing market.
Whereas, the growth in the utilization of 3D printed products in the automotive industry is a foremost factor influencing the growth of the 3D printer manufacturing market? The producer of lightweight vehicle components is possible with the aid of 3D printing that decreases the vehicle weight, boosts car performance, and augments fuel economy, and greater productivity can be obtained in injection moulding equipment manufacturing utilizing the 3D printing technology. For instance, during 2019, General Motors collaborated with Autodesk to introduce the 3D printed lower cost and lighter vehicle parts. Therefore, the growth in requirement for 3D printed products in the automotive industry drives the requirement for manufacturing 3D printers and underwrites to the growth of the 3D printer manufacturing market.
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Global 3D Printers Market 2020-2030 by Printer Type (Industrial/Commercial 3D Printers, Consumer/Desktop 3D Printers), Material Form, Technology, End User, and Region: Trend Forecast and Growth Opportunity
Ankur Gupta, Head Marketing & Communications