3D Printing Market Expected a Hike of USD 108 billion by 2030, witnessing a CAGR of 21%

The global 3D Printing Market is expected to reach USD 108 billion by 2030, witnessing a CAGR of 21%. The market is on a spur with tremendous technological advancements taking place. 

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Also, the wide application of 3D printers and next-gen infrastructures shall raise the growth chart of the market in the forecast period. Besides, increased demand for customized products is anticipated to fuel up the market in the forecast period.

However, the high cost of 3D printing and the lack of skilled labor may impede the market growth. But, at the same time, high accuracy, perfect precision, and reduced error with a reduction in the manufacturing cost shall enhance the 3D printing market growth during the forecast period. 

Other market dynamics like the cumulative increase of 3D printing applications in the construction industry, healthcare industry, and fashion industry, followed by innovations and R&D, are expected to create numerous opportunities in the global market over the forecast period.

North America holds the major market share due to its advanced technology and infrastructure. Besides, the increased demand for customized products with high disposable income will support the growth of the 3D printing market.

The highly competitive 3D printing industry engrosses various market players like Arcam AB, 3D Systems, Stratasys Ltd, Autodesk, Inc., Hoganas AB, The ExOne Company, Organovo Holdings, Inc., Optomec, Inc., Voxeljet AG, and Ponoko Limited among others.