3D Printer Market Statistics 2021: Product Innovation and Optimization to Drive Growth
Aggressive R&D in three-dimensional printing and increasing demand for prototyping applications from various industries are expected to drive the market growth.
PORTLAND, OR, UNITED STATES, October 18, 2021 /EINPresswire.com/ – An increase in the adoption of 3D printing parts is a major driving factor in this market. Difficult tasks, such as manufacturing and shipping complex spare parts, have been a big challenge for manufacturing and also increase the cost of production. Product designers and engineers use industrial 3D printing technology to produce complex designs cheaper, faster and more efficient. Aerospace and defense, healthcare and consumer electronics companies are looking for innovative ways to automate their manufacturing process and have started to adopt this technology. 3D printing technology has been adopted by medical professionals to create medical tissues, prostheses and implants. End-user verticals dependent on cutting-edge technology for their fast, cost-effective and smooth manufacturing processes will be at the forefront of the 3D printer market.
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The main players are: Stratasys Ltd. 3D System Inc., Arcam EBM (GE Additive), EOS GmbH, EnvisionTEC Inc., HP Development Company LP, Autodesk Inc., Canon Inc., Made In Space Inc. and voxeljet AG
Analysis of the impact of COVID-19 on the 3D printer market
â¢ The emergence of COVID-19 is having a great impact on the 3D printer market, not only countries but also various industries across the world. Additionally, the lockdown and restrictions have forced people to work from home. Logistics problems and restrictions on globalization and free trade have not only reduced the supply chain, but also created a shortage of vital goods and logistics. In addition, COVID-19 has also created a shortage of labor and manufacturing materials due to the lockdown imposed in many countries around the world.
â¢ Due to the disruptions created in supply chain and transportation legislation, the global 3D printer market is expected to experience a decline in the near term. However, equipment, such as personal protective equipment (PPE), personal accessories, medical devices and testing devices, must be manufactured. Technology plays a key role in the manufacture of this equipment.
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