The global 3D printing composite filament printer market was estimated at USD 3,736.3 million in 2020 and is projected to register a CAGR of 28.9%, reaching USD 28,413.2 million by 2028. However, due to the COVID-19 impact, the market size estimation has come down to USD 2,913.2 million in 2020 and is projected to register a CAGR of 27.1% to reach USD 19,886.5 million by 2028.
The high application of 3D printer for prototype manufacturing and increasing trend towards automation driven industry setups are creating lucrative development for 3D printing composite filament printer market across diverse regions. Although, challenges faced by 3D printing material manufacturers are mainly the lead time associated with materials, mostly metals. To manufacture the end metal product, 3D printing requires a substantial amount of time. This issue can be overcome by manufacturers, as they need to work on existing materials and technologies that are catering the 3D printing industry. Most manufacturers get restricted to the high lead time taken by the industry. Shifting to conventional manufacturing from additive manufacturing restricts the adoption of 3D printing in major end-use industries. These end-use industries can be electrical and electronics, automotive, and defense.
This research report categorizes the market for 3D printing composite filament printer based on various segments and region and forecasts revenue growth and analysis of trends in each of the submarkets. The report analyses the key growth drivers, opportunities and challenges which influence the 3D printing composite filament printer market. Recent market developments and competitive strategies such as expansion, new product launch and development, partnership, merger and acquisition have been included in order to draw the competitive landscape in the 3D printing composite filament printer market. The report strategically identifies and profiles the key market players and analyses their core competencies in each segment such as filament type, and end-use industry of the 3D printing composite filament printer market.
Based on the filament type, the market has been segmented into carbon fiber, glass fiber, and others. Increasing demand for carbon fiber materials in aerospace & defense applications is one of the key factors that will drive market growth of this segment during the forecast period.
On the basis of end-use industry, the market is segmented into healthcare, transportation, consumer products, aerospace and defense, and others. In aerospace components, there has been increasing use of additive manufacturing for cost-effective solution. This is going to create demand for 3D printing composite filament printers. The parts designed by 3D printing technology are lighter, and there is a reduction of air drag that reduces the fuel cost. Owing to a rise in demand for safer designs that are robust, lighter, and stronger, the automotive industry is also expected witness a higher demand for 3D printing composite filament printers.
Based on region, the marker is segmented into North America, Asia Pacific, Europe, Middle East & Africa, and South America. The Asia Pacific region is experiencing notable growth due to the rising adoption of 3D printing in healthcare, aerospace & defense, and automotive industries. Various initiatives taken by governments for promoting 3D printing are contributing towards the growth of the 3D printing composite filament printer market in this region. Furthermore, an increase in the number of passengers traveling by air and growing aerospace industry are expected to propel the demand for new aircraft and thereby, the demand for 3D printed components and 3D printed composite materials in the near future. All these factors are anticipated to promote the growth of the 3D printing composite filament printer market in the region.
The high application of 3D printer for prototype manufacturing and increasing trend towards automation driven industry setups are creating lucrative development for 3D printing composite filament printer market across diverse regions. Although, challenges faced by 3D printing material manufacturers are mainly the lead time associated with materials, mostly metals. To manufacture the end metal product, 3D printing requires a substantial amount of time. This issue can be overcome by manufacturers, as they need to work on existing materials and technologies that are catering the 3D printing industry. Most manufacturers get restricted to the high lead time taken by the industry. Shifting to conventional manufacturing from additive manufacturing restricts the adoption of 3D printing in major end-use industries. These end-use industries can be electrical and electronics, automotive, and defense.
This research report categorizes the market for 3D printing composite filament printer based on various segments and region and forecasts revenue growth and analysis of trends in each of the submarkets. The report analyses the key growth drivers, opportunities and challenges which influence the 3D printing composite filament printer market. Recent market developments and competitive strategies such as expansion, new product launch and development, partnership, merger and acquisition have been included in order to draw the competitive landscape in the 3D printing composite filament printer market. The report strategically identifies and profiles the key market players and analyses their core competencies in each segment such as filament type, and end-use industry of the 3D printing composite filament printer market.
Based on the filament type, the market has been segmented into carbon fiber, glass fiber, and others. Increasing demand for carbon fiber materials in aerospace & defense applications is one of the key factors that will drive market growth of this segment during the forecast period.
On the basis of end-use industry, the market is segmented into healthcare, transportation, consumer products, aerospace and defense, and others. In aerospace components, there has been increasing use of additive manufacturing for cost-effective solution. This is going to create demand for 3D printing composite filament printers. The parts designed by 3D printing technology are lighter, and there is a reduction of air drag that reduces the fuel cost. Owing to a rise in demand for safer designs that are robust, lighter, and stronger, the automotive industry is also expected witness a higher demand for 3D printing composite filament printers.
Based on region, the marker is segmented into North America, Asia Pacific, Europe, Middle East & Africa, and South America. The Asia Pacific region is experiencing notable growth due to the rising adoption of 3D printing in healthcare, aerospace & defense, and automotive industries. Various initiatives taken by governments for promoting 3D printing are contributing towards the growth of the 3D printing composite filament printer market in this region. Furthermore, an increase in the number of passengers traveling by air and growing aerospace industry are expected to propel the demand for new aircraft and thereby, the demand for 3D printed components and 3D printed composite materials in the near future. All these factors are anticipated to promote the growth of the 3D printing composite filament printer market in the region.
WHAT THIS STUDY PROVIDES
- 3D printing composite filament printer market and submarket forecast covering the period of 2017 to 2028, with accompanying analysis
- Extensive details and analysis of contracts, projects, and programs
- Analysis of game-changing technological trends and how these will shape the industry
- Explanation or political, regulatory and technical factors to consider
- Barriers to entry analysis for markets around the world
- Profiles of leading companies operating within the sector with market share analysis
- SWOT analysis of the major strengths and weaknesses of the market, together with the opportunities available and the key threats faced
- Market conclusions & recommendations
KEY QUESTIONS ANSWERED BY THIS REPORT
- How the 3D printing composite filament printer market is evolving?
- What is driving and restraining factors for global 3D printing composite filament printer market?
- How will each 3D printing composite filament printer submarket segment grow over the forecast period and how much sales will these submarkets account for in 2028?
- How will market shares of each 3D printing composite filament printer submarket develop from 2017-2028?
- Which 3D printing composite filament printer submarket will be the main driver of the overall market from 2017-2028?
- How will political and regulatory factors influence regional 3D printing composite filament printer markets and submarkets?
- Will leading national 3D printing composite filament printer broadly follow macroeconomic dynamics, or will individual country sectors outperform the rest of the economy?
- How will market shares of the national markets change by 2028 and which nation will lead the market in 2028?
- Who are the leading players and what are their prospects over the forecast period?
- How will the sector evolve as alliances form during the period between 2017 and 2028?
Frequently Asked Questions about the 3D Printing Composite Filament Printer Market
What is the estimated value of the 3D Printing Composite Filament Printer Market?
What is the growth rate of the 3D Printing Composite Filament Printer Market?
What is the forecasted size of the 3D Printing Composite Filament Printer Market?
Who are the key companies in the 3D Printing Composite Filament Printer Market?
Report Attribute | Details |
---|---|
No. of Pages | 161 |
Published | March 2021 |
Forecast Period | 2017 - 2028 |
Estimated Market Value ( USD | $ 1761.6 Million |
Forecasted Market Value ( USD | $ 19886.5 Million |
Compound Annual Growth Rate | 24.7% |
Regions Covered | Global |
Table of Contents
1 Market Abstract
2 Market Introduction
3 Research Practice
4 Key Related Data
5 Impact Factor Analysis
6 Market Development Analysis
7 3D Printing Composite Filament Printer Market, by Filament Type
8 3D Printing Composite Filament Printer Market, by End-Use Industry
9 3D Printing Composite Filament Printer Market, Regional Analysis
10 Company Profile
11 Appendix
List of Tables
List of Figures
Companies Mentioned
A selection of companies mentioned in this report includes:
- 3D Systems Inc.
- Stratasys Ltd
- General Electric
- Renishaw plc.
- Markforged
- Envisiontec Inc.
- Techb
- Anisoprint Sarl
- Eos
- Leapfrog
- Sisma S.P.A.
- Fracktal Works Pvt Ltd.
- Cead B.V.