Market Overview
The global personal 3D printers market size was valued at USD 1,745 million in 2021, presumed to reach USD 4,810 million, expanding at a CAGR of 13.51% during the forecast period.
The family of additive manufacturing includes 3D printers, which operate similarly to regular inkjet printers but in three dimensions. A digital file can be used to create three-dimensional solid things via a 3D printer. A mix of cutting-edge software, powder-like materials, and precision instruments is required to build a three-dimensional object from scratch. Utilizing additive methods, 3D-printed objects are produced. In an additive process, an object is made by adding layers of material one after the other until the product is formed. It is possible to think of each of these levels as a finely sliced cross-section of the object. Numerous types of polymers, metals, and ceramics are employed in 3D printing. Manufacturing intricate designs are now theoretically possible thanks to 3D printing technologies.
Customers who use 3D printing receive items that are specialized and unique to their needs. It might not, however, take the place of conventional assembly line techniques. Consumers can create customized toys, shoes, accessories, jewelry, and other things to meet their individual needs, providing manufacturers the option to make goods to order. The freedom to manufacture products and precisely construct them to the user's specifications is one of the benefits of 3D printing. The dentistry business's high demand for 3D printing, the government's attempts to adopt 3D printing technology, and the capacity to provide customized items are the main drivers of the personal 3D printer market's expansion.
Market Dynamics
Global Personal 3D Printers Market Drivers
The Growing Demand for 3D Printing in Dental Sector
The growing popularity of dental conditions brings a rise in dental implant surgeries and tooth implants. Additionally, the world's demand for 3D printers is driven by the increase in the elderly population and the surge in demand for customized dental 3D printing solutions. Also, the expanding partnerships between important leading players and rising consumer awareness are projected to boost market expansion. Further, the personal 3D printers market share is expanding due to the increased demand for 3D printing in the dental industry and improvements in product & development in many applications. For 3D printing orthopedic, dental, and cardiac implants, ceramic materials such as inertness, porosity, high wear resistance, high compression strength, and molding capabilities in diverse forms are preferred. The market for personal 3D printers is also anticipated to be driven by the industry due to numerous businesses in developing nations' widespread use of 3D printing technology.
Global Personal 3D Printers Market Restraints
The Scarcity of Skilled Labor
The majority of engineers lack adequate training to operate 3D printers. Utilizing a 3D printer requires highly specialized labor or experience, whereas conventional manufacturing techniques rely primarily on unskilled labor. Jobs requiring 3D printing expertise surged by approximately 20 times. The person running the system must be knowledgeable about 3D printing on a technical level. The price of a 3D printer is costly, and additional funds must be spent on hiring qualified staff who can use them effectively. This ultimately drives up the cost of 3D printing. Employers must receive specialized training, which limits the use of 3D printers across a range of businesses. And the scarcity of such skilled forces creates restraints for the personal 3D printer market.
Global Personal 3D Printers Market Opportunities
The Rising Demand and Use of 3D Printers in Various Industries
A 3D printer frequently replaces and fixes parts in various applications, including entertainment, architecture, fashion, medicine, and education. 3D printing is used to create bespoke jewelry products in the burgeoning fashion and jewelry industries. As more designers and brands start looking for sustainable ways to manufacture their collections, 3D printers in the fashion business are becoming increasingly popular for sustainable fashion. In the fashion industry, 3D printing is utilized to develop prototypes and manufacturing tools, make accessories, advance sustainability initiatives, and increase customizability. In the early stages of projects, 3D printing enables architects to test various design concepts and create iterations swiftly. As a result, the market for 3D printers is anticipated to benefit from the penetration of 3D printing technology into multiple industries.
Regional Analysis
The region-wise segmentation of the global 3D printer market includes North America, Europe, Asia Pacific, and LAMEA.
North America and the Asia Pacific Will Dominate the Regional Market
North America will command the market with the largest share while growing at a CAGR of 13.32%. Initially only utilized for the quick manufacture of prototypes, 3D printing is now used more and more for developing finished products and functional testing prototypes in real-world settings. Industries like entertainment, healthcare, education, research, fashion, and jewelry are significant users of 3D printing technology. The American government's programs for 3D printing development and support for research and innovation have sped up this technology's acceptance in this region. Several businesses in North America provide 3D printers, 3D printing supplies, and 3D printing services. These businesses have implemented several techniques to broaden their product offering. All these factors contribute to the personal 3D printer market in the region.
The Asia Pacific will expand at a CAGR of 15.51% and hold USD 1,640 million. Due to the expansion of additive printing's uses in medical, entertainment, fashion & jewelry, and other industries, the market for 3D printing is predicted to increase rapidly. For producing goods like toys, prosthetic implants, medical gadgets, and others, additive printing is chosen over traditional production methods. The development of the 3D printer market in the region will also be aided by numerous businesses in Asia undertaking various projects to construct 3D printers equipped with cutting-edge technologies. Additionally, several helpful non-profit groups encouraging 3D printing technology drive the personal 3D printers market's expansion.
Segmental Analysis
The global personal 3D printers market is classified based on type, technology, the material used, form, additive manufacturing process, application, and region.
On the Basis of Type
Based on type, the segments are hardware, software, and services.
The hardware section is projected to advance at a CAGR of 11.51% and hold the largest market share. The 3D printing suppliers' selection of materials and printers make up the hardware category. The 3D printing hardware market is increasing quickly as businesses continually enhance existing systems and create brand-new hardware. In the upcoming years, 3D printing hardware will achieve significantly higher levels of dependability, in-process monitoring options, and closer software integration.
The software section will hold the second-largest market share. For reverse engineering, production machining, metrology and inspection, product designing, and 3D scan-to-print, users can use printers to capture and customize material utilizing drivers and software tools like AutoCAD. It is essential to almost every manufacturing process. Robotics and AI are also being used to improve the performance of 3D printing software, increasing its acceptance across various industries.
On the Basis of Material
The segments are plastic, metals, ceramic, resins, and others based on the material used.
The plastic section is projected to advance at a CAGR of 12.62% and hold the largest market share. Since the 3D printing market has expanded significantly, the leading firms are concentrating on introducing innovations. Plastics and other materials are among the materials that can be printed using new 3D printing technology. Many plastic polymers, including polyamides, ABS, polylactic acid (PLA), ASA, Alumide, and polyethylene terephthalate, are employed in 3D printing (PET).
The metal section will hold the second-largest market share. A special place is fit for metal 3D printing in contemporary product creation. It enables tooling for conventional manufacturing processes and permits direct fabrication of complex end-use parts, cutting prices and lead times. The personal 3D printer market is anticipated to rise due to increased print speed and technological advancement in these domains.
On the Basis of Technology
Based on technology, the segments are fused deposition modeling (FDM), stereolithography (SLA), digital light processing (DLP), continuous liquid interface production (CLIP), selective laser sintering (SLS), selective deposition lamination, multi-jet fusion, polyjet, selective laser melting (SLM), and others.
The fused deposition modeling (FDM) section is projected to advance at a CAGR of 9.72% and hold the largest market share. The maximum level of precision and reproducibility of any 3D printing technique, fused deposition modeling (FDM) technology uses specialist 3D printers and production-grade thermoplastics to create robust, resilient, and dimensionally stable parts. Cleanliness, ease of use, workplace friendliness, cost-effectiveness, quick lead times, and a wide variety of thermoplastic materials all present potential prospects for the segment.
The stereolithography (SLA) section will hold the second-largest market share. A 3D printing or additive manufacturing technique called stereolithography (SLA) is used to create prototypes, models, patterns, and production parts. Photopolymer cross-sections are accurately cured by an ultraviolet laser, changing them from a liquid to a solid. For rapid prototyping and project ideas that call for the creation of highly accurate and finely detailed parts, cutting-edge technology like SLA is a great option.
On the Basis of Form
Based on form, the segments are filament, powder, and liquids.
The filament section is projected to advance at a CAGR of 12.61% and hold the largest market share. The plastics known as thermoplastics, which melt rather than burn when heated, can be molded and formed, and solidify when cooled, are used to make the filaments used in 3D printing. Due to its mechanical qualities and usage of sustainable materials, filament has become widely accepted in additive manufacturing. Due to how simple a material it is to deal with, it is frequently chosen for 3D printing.
The powder section will hold the second-largest share. A 3D object is created from powder fed into 3D printers using digitally controlled equipment called 3D printing powder. This powder for 3D printing is utilized in several additive manufacturing methods and mainly in goods for the automotive, aerospace, and defense industries. During the projected period, a rise in technical developments is anticipated to drive the market for 3D printing powder.
On The Basis of Additive Manufacturing Process
The segments are material extrusion, powder bed fusion, photopolymerization, material jetting, and sheet lamination based on the additive manufacturing process.
The material extrusion section is projected to advance at a CAGR of 12.01% and hold the largest market share. A continuous stream of material from a spool is forced through a heated nozzle in additive manufacturing (AM) to be selectively placed layer by layer to create 3D objects. Due to minimal manufacturing base material waste, material extrusion is appropriate for more expensive materials. Additionally, many affordable, home-use, and hobby 3D printers use the fuse deposition modeling (FDM) material extrusion technique.
The powder bed fusion section will hold the second-largest market share. An additive manufacturing procedure known as powder bed fusion creates objects or parts by melting and fusing material powder using either an electron or laser beam. Using one of the two types of heat sources to stir or melt a powder, powder bed fusion produces 3D parts one layer at a time. Various industrial industries have several uses for powder bed fusion (PBF) technologies.
On the Basis of Applications
The segments are education, entertainment, photography, architecture, fashion and jewelry, and others based on applications.
The fashion & jewelry section is projected to advance at a CAGR of 12.21% and hold the largest market share. The most significant near-term use for printing directly with precious metal powders is the usage of 3D printing by the jewelry industry. As more designers and brands start looking for sustainable ways to generate their collections, 3D printers in the fashion industry are increasingly gaining traction for sustainable fashion.
The other section will hold the second-largest share. The arts and modeling, healthcare, and food industries are included in the others category. The arts sector uses 3D printing to aid in creating sculptures and other works of art. The 3D-printed food-consuming population prefers various culinary options, including cracker-like yeast structures with seeds and spores that can sprout over time, elaborate chocolate designs, ready-to-bake pizzas and ravioli, and crystallized sugar cake.
