Research Nester published a report titled “3D Printing Market: Demand Analysis & Opportunity Outlook 2031” which delivers a detailed overview of the U.S. 3D printing market in terms of market segmentation by printer type, material type, application, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, and supply and demand risk, along with a detailed discussion of current and future market trends that are associated with the growth of the market.
The U.S. 3D printing market is projected to grow at a CAGR of ~22% by attaining robust revenue during the forecast period, i.e., 2022 – 2031. Higher demand for 3D printing in apparel design is anticipated to propel the growth of the market during the forecast period. As of 2021, apparel sales in the United States were noticed to reach approximately USD 200 billion. Additionally, the growing utilization of 3D printing in jewelry manufacturing is further anticipated to propel the growth of the market over the forecast period. For instance, the demand for gold jewelry dropped to nearly 2000 tonnes in 2021, while in the demand for platinum jewelry reached about 1 million ounces in 2022.
Additionally, by outlook, the U.S. 3D printing market is segmented into desktop and industrial. Out of these sub-segments, the industrial segment is estimated to obtain a noteworthy share in the market during the forecast period. The growth of the segment can be accounted to the increasing demand for 3D printing in multiple industries. As of 2021, the 3D printing sector was estimated to generate a revenue of approximately USD 10 billion. Hence, all these factors are estimated to influence the market growth positively over the forecast period.
Rising Adoption of Customizable Gifts to Foster the Growth of the Market
As of 2022, the customizable gifts sale on valentine’s day hit nearly USD 22 billion in the United States.
People always seek uniqueness when exchanging gifts to create a sense of belongingness. Customizable gifts are one of the best solutions to this problem. With help of 3D printing, magnificent digital models and designs can be created physically such as, pictures, monograms, initials, names, and others. Therefore, such a prevalence of 3D printing is anticipated to propel the growth of the market during the forecast period.
However, the lack of awareness of 3d printing and presence of the alternatives is expected to operate as a key restraint to the growth of the U.S. 3D printing market over the forecast period.
This report also provides the existing competitive scenario of some of the key players in the U.S. 3D printing market which includes company profiling of Sciaky Inc., Stratasys, Ltd., HP Inc., ExOne Operating, LLC., EnvisionTEC, Inc., 3D Systems, Inc., EOS of North Africa, Inc., Optomec, Inc., Autodesk, Inc., and Arevo, Inc. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials, and recent news and developments. On the whole, the report depicts a detailed overview of the U.S. 3D printing market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching for possibilities, and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.