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Analysis for 3D Printing equipment market 2023-2027
The 3D printing equipment market has grown significantly due to the increasing demand for rapid prototyping and mass customization across various industries, including aerospace, automotive, healthcare, and consumer goods. According to Market Watch, the global 3D printing equipment market size is projected to reach USD 34.8 billion by 2026, growing at a CAGR of 17.7% from 2021 to 2026.
As we know, the advancements in 3D printing technology, such as improved print quality, 3D printed objects with much greater accuracy and detail. 3D printers are becoming faster, with some models able to print objects in just a few minutes rather than hours or days. Materials used in 3D printing have expanded further from plastics, metals, ceramics, and even living tissue. Large-scale printers can now print objects up to several feet in size, such as architectural models, sculptures, and even entire buildings. 3D printing technology is now integrated with other technologies, such as artificial intelligence and robotics, to create new applications and possibilities.
The cost of 3D printers has decreased, making them more accessible to individuals, hobbyists, and small businesses. It is also more sustainable, with advances in material recycling and using environmentally friendly materials. Increasing research and demand for customized products is enhancing their product offerings as well 3D printing market.
3D Printing Euqipment Market Share, Segmentation and Forecast 2023-2027
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3D printing market’s higher CAGR
According to MarketWatch, “The 3D printing materials market size is estimated to grow from USD 1.5 billion in 2019 to USD 4.5 billion by 2024, at a CAGR of 25% between 2019 and 2024. 3D printing materials are used in different industries such as automotive, aerospace & defense, and healthcare. Metal 3D printing materials are projected to register a higher CAGR, in terms of value and volume, between 2019 and 2024.”
This entry was posted in 3D and 4D Additive Mechanical Engineering Design/ Wear Testing/ Materials Science/ Custom PC Builds/ Artistic Prints, Creative Projects, Translucent Filaments., 3D Printing/Luxury Lifestyle/ Jewelry/Art/Design/Creativity., 3D Printing/Patent/AI/Science/Fans of the Day/VR., 3D/4D Printing//Customized Sports Safety/ Entertainment/Gaming/research., 3D/4D/5D Printing emergence/ Insights/Community Celebrations., 3D/4D/Materials/Electronics., Policy. and tagged 2024, 3D printing market's higher CAGR., 3D Printing Materials, 3D Printing Materials Market Size Is Estimated To Grow USD 4.5 Billion By 2024, At A CAGR Of 25% From USD 1.5 Billion., MarketWatch..
