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3D Printing Materials Market Size
- Report ID: GMI1179
- Published Date: Jul 2024
- Report Format: PDF
3D Printing Materials & Equipment Market Size
3D Printing Materials Market size was valued at over USD 2 billion in 2023 and is expected to witness 10.3% CAGR from 2024-2032. On the other hand, the 3D Printing Equipment Market size amassed over USD 6.4 billion in 2023 and will register 16.2% CAGR during the same period.
Technological innovations have improved the accuracy, speed, and cost-effectiveness of 3D printers, making them more accessible to manufacturers and consumers. Industries, such as aerospace, automotive, healthcare, and consumer goods are increasingly adopting 3D printing to produce prototypes, tools, and end-use parts, due to its ability to reduce use-time costs and tailor products to specific needs. For example, in November 2023, KIMSHEALTH Limb Centre collaborated with Instalimb to provide free 3D-printed artificial limbs in South India.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| 3D Printing Materials & Equipment Market Size in 2023: | USD 2.07 Billion |
| Forecast Period: | 2024 - 2032 |
| Forecast Period 2024 - 2032 CAGR: | 10.3% |
| 2032 Value Projection: | USD 5.06 Billion |
| Historical Data for: | 2021 - 2023 |
| No. of Pages: | 200 |
| Tables, Charts & Figures: | 273 |
| Segments covered: | 3D Printing Materials, By Product, 3D Printing Materials, By End-user, 3D Printing Equipment, By Product, and Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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The increasing demand for personalized and customized products will also influence the market growth. 3D printing is revolutionizing patient-specific medical devices, implants, and prosthetics for offering customized solutions that enhance clinical outcomes. The growing shift towards additive manufacturing in education is also driving the product uptake, as educational institutions incorporate 3D printing into their courses to equip students with useful skills for the future.
However, high initial costs and technical limitations may deter the market expansion to some degree. The capital requirements for advanced 3D printers and specialized components can be a barrier for small and medium-sized enterprises (SME) and individual users. The limited availability of resources may also hinder the efficiency of some materials.
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3D Printing Materials & Equipment Market Scope
