The global desktop 3D printer market is projected to be worth USD 5,129.0 Million by 2027, according to a current analysis by Emergen Research. The industry for desktop 3D printer is witnessing a surge in demand as there is an increased application for 3D printing in consumer products, and medicals, among others. The reduction in errors and overall time and development cost, ease in manufacturing, and the ability to build very intricate tailored designs are driving the market growth.

To help gain the business owner further gain business intelligence the study on the desktop 3D printer market for the forecast period 2020 - 2027 brings to light data on production capability, consumption capacity, spending power, investment feasibility, and technology innovation. A thorough assessment of market performance across different regions is presented through self-explanatory graphic images, charts, and tables that add weight to corporate presentations and marketing materials. The study offers regional profiles of major vendors and extensive country-level break down to empower companies to make a wise investment decision when exploring new regions.

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Key Highlights From The Report

In September 2020, Stratasys, a leading market player, made an announcement about the signing of a technical collaborative agreement with Team Penske, a motorsport outfit firm.

In the medical sector, desktop 3D printer are used to make implants, scaffolds, surgical instruments, and prosthetics.

The growing demand for advanced medical products and prosthetics are propelling the demand for the market. Digital fabrication technology has made desktop 3D printing cost-effective and less time-consuming. A variety of materials can be used for the prototype application, such as cheap PLA, durable nylon, impact-resistant ABS, and others.

The desktop 3D printer in the automotive industry offer benefits associated with the demand for new tools with improved performance, production optimization, and supply chains & logistics restructuring for a streamlined operation. Apart from the widespread deployment of 3D printing for rapid prototyping, it is also used to manufacture tooling and, in certain cases, end-parts.

North America dominated the market for desktop 3D printer in 2019, and the US has the highest adoption rate of the product. The region has various medium and small-sized manufacturers. The presence of a mature desktop 3D printer market and adoption of advanced technology is spurring the demand for the product.

Key participants include Stratasys Ltd., 3D Systems, Tinkerine Stidios Ltd., XYZprinting Inc., M3D, Tiertime Corporation, Shining 3D, Markforged, Zortrax, and Ultimaker, among others.

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