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This “Global Market Opportunities and Strategies for 3D Printers in 2030: The Growth and Changes of COVID-19” Report has been added to ResearchAndMarkets.com supply.
The global 3D printer market value in 2020 is close to 8.620 billion U.S. dollars, and has grown at a compound annual growth rate (CAGR) of 16.8% since 2015. The market is expected to grow from USD 8.620 billion in 2020 to USD 20,895 million in 2025 with a rate of 19.4%. The market is expected to grow at a compound annual growth rate of 13.4% from 2025, and reach USD 39.245 billion in 2030.
The growth in the historical period stems from strong economic growth in emerging markets, increased use of 3D printing products in the automotive industry, and increased government investment in 3D printing. Factors that have negatively affected growth in the historical period are metal price fluctuations and geopolitical tensions.
Looking ahead, high demand for 3D printed medical devices during the pandemic, increasing demand for prototype applications and government initiatives will drive growth. Factors that may hinder the growth of the 3D printer market in the future include the high costs associated with 3D printing.
North America is the region with the largest 3D printer market, accounting for 35.4% of the total in 2020. Followed by the Asia-Pacific region, and then other regions. go…
The full story on Benzinga.com
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