Consumer Grade 3D Printers Market Size, Share, Growth, and Industry Analysis, By Type (FDM 3D Printer, LCD Screen 3D Printer, SLA 3D Printer, DLP 3D Printer & Others), By Application (Cultural and Creative Entertainment, Medical Treatment, Jewelry, & Others) and Regional Forecast to 2032

Updated On: 09 September 2024

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CONSUMER GRADE 3D PRINTERS MARKET REPORT OVERVIEW

The global Consumer Grade 3D Printers market size was USD 831.2 million in 2023 and the market is projected to touch USD 6476.7 million by 2032, exhibiting a CAGR of 22.6% during the forecast period.

The consumer goods industry is in a process of change due to one of the most recent technologies called 3D printing. This makes it possible for organisations to bring into the market virtually anything including furniture, bicycles, wearables and eyewear with unique specifications with maximum efficiency. The availability of industrial 3D printers represents a revolution in production: the price of such printers is already reasonable and thanks to industrial 3D printers the time of production is much faster than in the case of conventional practices and they are capable of producing objects whose designs cannot be developed otherwise.

The market would also grow because the consumers have been empowered by internet-based market places to purchase 3D printers and accessories. Online tutorials and communities also help the users during the use of 3D printing services. In addition, there is an increase in the use of the technology in learning institutions and this makes the market to expand. These printers are being used in most of the educational institutes – schools and universities – to teach design, engineering and manufacturing.

COVID-19 Impact: Market Growth Restrained by Pandemic due to Supply Chain Disruptions

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

When the COVID-19 outbreak started, 3D printing firms and large enterprises turned to manufacture essential but chronically deficient medical personal protective equipment (PPE), including respirators and face shields. When it comes to producing new diagnostic equipment and test kits, through 3D printing, the more safely faster was the process of prototyping and design.

LATEST TRENDS

"3D printing technology can regulate the digitalization and restructuring of the supply chain in Consumer Grade 3D Printers to Drive Market Growth"

Consumer-level 3d printers drive the technological advancement in the industry 4. 0 eras and belong to the most independent digital technologies as turning to different locations and different printers requires no cost of switching files and does not involve complicated molds and fixtures like in manufacturing which is more or less labour oriented. Integrated manufacturing systems will also be developed in the future in large factories as well as in many factories equipped with 3D printers to manufacture goods and products or even in other places where printers are installed (such as service and support centers, distribution centre or even in other people’s houses.) 3D printing right in the future will be so simple that people will be in a position to download data and print products without much effort. This shift has however been witnessed and is gradually transforming the process of making products, more consumer-side oriented and less rigid.

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CONSUMER GRADE 3D PRINTERS MARKET SEGMENTATION

By Type

Based on type the global market can be categorized into FDM 3D Printer, LCD Screen 3D Printer, SLA 3D Printer, DLP 3D Printer & Others.

• FDM 3D Printer: FDM technology involves the use of filaments of material that are heated and laid down in a series of thin layers to form the final product and it is relatively cheap to use. They work by laying down thermoplastic filaments one atop another; as such, they are perfect for enthusiasts and small-scale companies.

• LCD Screen 3D Printer: LCD printer employs the use of liquid resin and ultraviolet light to make prints of various definitions. They are preferred for those processes that need elaborate and accurate models, including toys, models of people in miniature, and dental models.

• SLA 3D Printer: Stereolithography (SLA) printers work by utilizing a laser to harden the liquid resin and turn it into a solid object. These printers guarantee high precision, as well as very smooth working surfaces, which will appeal to professional modelers and artists.

• DLP 3D Printer: DLP printers also employ resin and light, but they harden layers in their entirety at once. They are fast and have high resolution, commonly employed in jewellery making and other complex outstanding projects.

• Others: Other sorts of 3D printing technologies for consumers like, SLS WHICH stands for Selective Laser Sintering and MJF liberal to stand for Multi Jet Fusion. These methods are used to a limited extent in the consumer goods field but are increasingly used for their capability to deliver sturdy and intricate components.

By Application

Based on application the global market can be categorized into Cultural and Creative Entertainment, Medical Treatment, Jewelry, & Others.

Cultural and Creative Entertainment: 3D printers are used in the production of figures, models and props in movies, Games and other interests that’s why Consumer-grade 3D printers are High fidelity, flexible and complex.

Medical Treatment: In the medical industry, these printers are used to make prosthetics, dental implants, and anatomical models which makes for appropriate treatment at reasonable prices for the patients.

Jewelry: The flexibility that comes with 3D printing makes it suitable for jewelry making because complex patterns that are near impossible to make through conventional methods may be easily created through 3D printing.

Others: This segment comprises education, in which 3D printers are employed in teaching and industrial design employing the printers in the development of products in the form of prototypes.

DRIVING FACTORS

"Increasing Adoption of 3D printing technology among consumers "

One of the key driving factors in the global Consumer-grade 3D Printers market growth is the increasing adoption of 3D printing technology among consumers. As people and small companies understand the benefits of using rapid prototyping, customization and cheaper printers for affordability the demand is still high. As such what is being offered in the development of new models is the ability to come up with models that are easy to use to help the hobbyists and professionals popularize on 3D printing. Also, this general and specific interest in DIY applications, home-based fabrication, and education applications expands the customer base of this equipment. In addition to the contribution to market development, this tendency encourages the manufacturers to enlarge the range of cheap and effectively-functioning 3D printings.

"Rise of online platforms and communities has fueled market growth"

Another driving factor in the global Consumer-grade 3D Printers market is the rise of online platforms and communities. The ongoing development of web-based systems and communities has even more helped to fuel the growth of global consumer-grade 3D printers by creating a supportive web for buyers and makers. These made it possible to pass information, how to do it and the design archives through the internet and thus create awareness of what is possible using this technology. While on sites of a community nature users can exchange files, information tips, advice on how to solve various problems etc. that is not based on technologies that community-level users may hardly navigate. Also because of social media people have gotten to know it and they have seen new opportunities new projects and new applications of 3D printing technologies hence drawing more people into embracing the 3D printing technology. Such a collective interest and appreciation not only the market demand but also create the conditions for innovation and creativity from the consumer side.

RESTRAINING FACTORS

"High Initial Investment Potentially Impede Market Growth"

One of the key restraining factors in the global Consumer Grade 3D Printers market is the high initial investment. High fixed costs are also and major challenge that every firm in the global consumer grade 3D printer market has to navigate, as it can create a high barrier to entry and reach. Such costs include not only the worth of the printers but also the cost of the consumable items, repairs and the software that may be required periodically. This may negate the idea for many consumers and small businesses to invest in the initial setup to incorporate 3D printing. This is a financial barrier because it limits access to the technology to early adopters and organizations that are willing to spend large amounts of money in getting the technology hence acting as a retardant to the growth of the market and the achievement of the necessary break-even that will enable the market to offer the technology at cheaper and affordable rates.

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CONSUMER GRADE 3D PRINTERS MARKET REGIONAL INSIGHTS

The market is primarily segregated into Europe, Latin America, Asia Pacific, North America, and Middle East & Africa.

"North America Region Dominating the Market due to Presence of a Large Consumer Base"

North America has emerged as the most dominant region in the global Consumer Grade 3D Printers market share due to several factors. Medical, aerospace and aerospace industries will post positive trends in North America and many other industries will adopt 3D printing; finer and improved material options have tremendous growth potential. The US government has made efforts to provide more funds for research and development of new technologies and therefore the buyers of 3D printing materials and equipment will be more in this region.

KEY INDUSTRY PLAYERS

"Key Industry Players Shaping the Market through Innovation and Market Expansion"

The Consumer Grade 3D Printers market is significantly influenced by key industry players that play a pivotal role in driving market dynamics and shaping consumer preferences. Depending on innovations, pricing policies and advertisement campaigns of key market players, the consumer-grade 3D printers’ market significantly depends on leading players in the industry. These companies have the responsibility of enhancing the technological aspect of this 3D printing and making it easier and affordable. The competitive strategies that are adopted and include the development of friendly interfaces, more materials, and more customer care keep on setting the market trends and customers’ expectations. Furthermore, to support the analysis it is necessary to point out that leading brands continue investing in R&D to create new flavour, packaging formats, and healthier products to fulfil new consumers’ preferences.

List of Market Players Profiled

• Creality (China)
• Elegoo (China)
• Anycubic (China)
• Anet 3D Printer (China)
• Stratasys (United States)
• Shanzhu Technology (China)
• Tier Time (China)
• LulzBot (United States)
• EnvisionTec(Desktop Metal) (United States)
• Shining 3D (China)
• Phrozen (China)
• Comgrow (China)

INDUSTRIAL DEVELOPMENT

November 2023: Autodesk Inc. introduced Autodesk AI as a fundamental platform implemented in Autodesk products to provide users with generative capabilities and wise assistance. This innovation aims to reduce errors by minimizing repetitive work, thus meeting the customers’ needs to the latter’s potential.

REPORT COVERAGE

The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.

The research report delves into market segmentation, utilizing both qualitative and quantitative research methods to provide a thorough analysis. It also evaluates the impact of financial and strategic perspectives on the market. Furthermore, the report presents national and regional assessments, considering the dominant forces of supply and demand that influence market growth. The competitive landscape is meticulously detailed, including market shares of significant competitors. The report incorporates novel research methodologies and player strategies tailored for the anticipated timeframe. Overall, it offers valuable and comprehensive insights into the market dynamics in a formal and easily understandable manner.