3D Printing Market Worth USD 34 Billion by 2024, at a CAGR of 26.2%
The report titled “Global 3D Printing Market – Growth, Share, Opportunities, and Competitive Analysis, 2016 – 2024” wrote a strategic visions into the global 3D printing market along with the market size (Volume – Million Units and Revenue – US$ Billion) and estimates for the duration 2016 to 2024. They say that research study covers in-depth analysis of multiple market segments based on technology, application, end user, and study across different topographies. The report is also inclusive of competitive profiling of the leading 3D printing vendors, and latest developments.
3D printing also referred as additive manufacturing is used to create three-dimensional object by laying down many thin layers of a material in succession. 3D printing is a process that deposits a binder material onto a powder bed along with inkjet printers headed layer by layer. Dissimilar to traditional manufacturing or printing processes, there is no drilling, cutting, welding involved in the process making it clean, fast, and efficient manufacturing process with minimal wastage of raw materials. 3D printing technology is found to have various application across several sectors such as automotive, healthcare, construction, jewelry and others. Some of the most popular technologies used in 3D printing include PolyJet, Fused Deposition Modeling (FDM), Selective Laser Sintering (SLS), and Stereolithography (SLA) among others. The global 3D printing market is expected to be worth USD 34 Billion by 2024, at a CAGR of 26.2% between 2019 and 2024.
That is a quite exciting numbers, we can say that amount of 3D printers will get closer to 50-100M units.
For example 20 year ago we did not belive that you could own more than one phone and now, look, you have laptops, tablets, smartphones and they are all connected.
50-100M units of 3D printers get us closer to the idea that potential laser users could be something like 2-5 million users and this number really inpsires us.
Additional accessories would become another trend for 3D printing market.
Share with me, waht do you think about this?