Desktop 3D Printing Market To Reach $20.93 Billion By 2030

Desktop 3D Printing Market Growth & Trends

The global desktop 3D printing market size is expected to reach USD 20.93 billion by 2030, growing at 23.4% CAGR from 2023 to 2030, according to the new report by Grand View Research, Inc. Desktop 3D printing involves utilizing computer-aided design software or digital 3D models to design and manufacture three-dimensional objects. The market for desktop 3D printers has experienced substantial growth owing to the increasing demand for prototyping, tooling, and design applications in various industries such as dental, healthcare, fashion, jewelry, and the production of customized objects and gifts. This technology provides small and medium-sized enterprises with a cost-effective solution, enabling them to personalize their products while minimizing manufacturing expenses compared to traditional manufacturing methods.

The demand for desktop 3D printing has witnessed a notable rise, primarily driven by the growing interest of hobbyists and innovators in 3D printing technology. Individuals are increasingly leveraging desktop 3D printers for personal and domestic use, while universities and educational institutes are adopting them for technical training and research purposes. Developing economies such as South Africa, Brazil, and India have experienced remarkable market growth, largely attributed to the shift from traditional manufacturing methods to 3D printing among users in these countries. Market players in these economies have embraced desktop 3D printers to provide associated services like 3D printing materials, filaments, 3D modeling, and 3D printer software.

The growth of desktop 3D printing and related technologies has been propelled by the private and public sectors' extensive research and development efforts. Increasing investments from governments and private investment firms have compelled manufacturers to innovate with existing desktop 3D printing technologies, thereby driving the adoption of state-of-the-art solutions.

In 2022, North America led the market with the largest revenue share of approximately 39%. This was primarily due to the widespread adoption of 3D printers for modeling, designing, and manufacturing prototypes and components across various industries. On the other hand, Asia Pacific is anticipated to grow at the highest compound annual growth rate (CAGR) of 27.4% over the forecast period. Several factors have contributed to the growth of the Asia Pacific region, including rapid industrialization and urbanization, the development of civil infrastructure, the increasing presence of consumer electronic products, and the advantages of optimized labor costs.

Desktop 3D printing is a technique that requires a significant capital investment, and some companies are still hesitant to embrace its advantages due to misconceptions about prototyping. The market currently lacks standardized process controls and a skilled labor force, which may restrict its expansion. However, government initiatives aimed at increasing awareness and highlighting the benefits of using 3D printers are expected to help overcome these market constraints.

The desktop 3D printing industry is highly competitive. Leading industry players are adopting strategies such as partnerships, collaborations, mergers and acquisitions, and agreements to survive the highly competitive environment and enhance their business footprints.

In March 2022, 3D Systems entered a partnership with Enhatch, a company that provides software applications using Artificial Intelligence (AI) for the surgery application ecosystem. The partnership allowed the integration of AI into 3D System’s patient-specific solutions, which include services such as advanced software, expert treatment planning, custom implant and instrumentation design, and manufacturing processes. The integration helped 3D Systems meet the rising demand for personalized medical devices more efficiently.

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Desktop 3D Printing Market Report Highlights

• Desktop 3D printing technology is experiencing significant growth due to its ability to provide efficient, accurate, and rapid prototyping, leading to optimized time to market

• The demand for desktop 3D printers has increased among hobbyists for personal use and in the education sector for research and training purposes

• The functional parts segment is expected to dominate the market in 2022. It is projected to expand its market share to over 48% by 2030 owing to the benefits such as reduced fabrication costs, faster time to market, and shorter lead time of the functional prototypes before the initiation of mass production

• In 2022, the plastic material segment accounted for approximately 51% of the market share. However, the metal segment is anticipated to witness the fastest growth, driven by the rising demand for metal desktop 3D printing in various industrial verticals such as automotive, aerospace & defense

• The Asia Pacific region serves as a manufacturing hub for numerous industry verticals. The rapid urbanization in countries like China, Japan, and South Korea has spurred the need for infrastructure development, leading to the adoption of desktop 3D printing across various industries

Desktop 3D Printing Market Segmentation

Grand View Research has segmented the global desktop 3D printing market based on component, technology, software, application, vertical, material, and region:

Desktop 3D Printing Component Outlook (Revenue, USD Million, 2017 - 2030)

• Hardware

• Software

• Services

Desktop 3D Printing Technology Outlook (Revenue, USD Million, 2017 - 2030)

• Stereolithography

• Fuse Deposition Modeling

• Selective Laser Sintering

• Digital Light Processing

• Laminated Object Manufacturing

• Others

Desktop 3D Printing Software Outlook (Revenue, USD Million, 2017 - 2030)

• Design Software

• Inspection Software

• Printer Software

• Scanning Software

Desktop 3D Printing Application Outlook (Revenue, USD Million, 2017 - 2030)

• Prototyping

• Tooling

• Functional Parts

Desktop 3D Printing Vertical Outlook (Revenue, USD Million, 2017 - 2030)

• Educational Purpose

• Fashion & Jewelry

• Objects

• Dental/Healthcare

• Food

• Others

Desktop 3D Printing Material Outlook (Revenue, USD Million, 2017 - 2030)

• Plastic

• Metal

• Ceramic

Desktop 3D Printing Regional Outlook (Revenue, USD Million, 2017 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • U.K.

  • Germany

  • France

  • Italy

  • Spain

• Asia Pacific

  • China

  • Japan

  • India

  • South Korea

  • Singapore

• South America

  • Brazil

• Middle East & Africa

List of Key Players in the Desktop 3D Printing Market

• 3D Systems, Inc.

• 3DCeram

• Autodesk, Inc.

• Canon, Inc.

• Dassault Systèmes

• EnvisionTEC

• EOS (Electro Optical Systems) GmbH

• ExOne

• GE Additive

• Materialise NV

• Proto Labs, Inc.

• Shapeways, Inc.

• Stratasys Ltd.

• Voxeljet AG