LONDON–(BUSINESS WIRE)–The global 3D printer market is expected to grow at a CAGR of over 39% during 2020-2024, according to the latest market research report by Technavio. The report provides a detailed analysis on the impact and new opportunities created by the COVID-19 pandemic. The report also helps clients keep up with new product launches in direct & indirect COVID-19 related markets.
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The growing demand for customization has increased consumer interest in 3D printed products. This has increased the adoption of 3D printers to create customized items such as toys and home décor products. The rising demand for customization has also increased the number of online vendors that provide customized products. For example, online vendors such as Shapeways and Materialise offer a wide range of 3D customized products as per customer requirements. Therefore, the growing consumer interest in 3D customized products is expected to fuel the growth of the global 3D printer market during the forecast period.
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3D Printer Market: COVID-19 Impact Analysis on Parent Market
The global office services & supplies market is the parent market of the 3D printer market. Within its scope, the office services & supplies market covers companies that offer office services or manufacture office supplies and equipment. Our report on the 3D printer market offers a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as analysis on several large and small vendors active in the market including Stratasys, 3D Systems, SLM Solutions, EOS, XYZprinting, Ultimaker, and Formlabs.
Technavio’s research report on the 3D printer market identifies the key drivers, trends, challenges, and the market scenario over the forecast period. The report also analyzes the impact of these factors on the overall office services & supplies market.
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3D Printer Market: Segmentation Analysis
The global 3D printer market has been analyzed across various segments to identify market dynamics, developments, and key growth areas during the forecast period. The report also offers insights on high growth regions and opportunities for vendors operating in each sub-segment of the 3D printer market. The market is segmented as follows:
- Office paper products
- Desk supplies
- Mailing supplies
- Computer/printer supplies
- Filing supplies
- Binding supplies
- Time-tracking supplies
- Supplies for hanging
- Identification supplies
- Other office supplies
- North America (NA)
- South America (SA)
- Asia Pacific (APAC)
- Middle East and Africa (MEA)
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Technavio’s industry coverage utilizes various sources and tools to gather information about multiple stakeholders and their offerings toward the 3D printer market. Sources such as company websites, annual reports, whitepapers, subscription & in-house databases, industry journals, publications, and magazines are used in addition to other relevant sources. The vendor landscape provides a framework to estimate the office services & supplies market, while also categorizing the vendors into pure-play, category-focused, or diversified based on their offerings. All market reports provide the key and contributing players across the value chain based on in-house influence index, developed using multiple industry and market parameters.
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