The Europe Desktop 3D Printing Market would witness market growth of 18.7% CAGR during the forecast period (2022-2028).
As a result of different technical developments like artificial intelligence & machine learning, which allow automated printing for effective manufacturing, 3D printing systems are becoming more and more popular. Governments across the world have already begun to engage in 3D printing research and development (R&D), which has benefited the spread and uptake of technology. For example, the government of Dutch added a further spent a huge amount to its research & innovation budget for 3D printing.
SLS (selective laser sintering) also has numerous applications in a variety of industries, such as aerospace, defense, and the car industry, among others. As more nations prepare to launch satellites, the need for SLS printing is anticipated to rise as space exploration undergoes a paradigm shift. SLS is utilized more in electric and sports cars. Leading automakers are incorporating SLS 3D printing technology more and more into electric vehicles, which is projected to boost demand internationally and spur growth. In addition, a large number of mergers as well as acquisitions are taking place in the market, which is assisting SLS's expansion in the 3D printing sector.
Currently, the UK is among the largest manufacturing countries in the world. The pandemic & the UK's exit from the EU (also known as Brexit) had a substantial influence on the manufacturing sector and posed considerable problems for the sector. Over the past year, there have been substantial supply chain disruptions for UK manufacturing. Because of this, some larger OEMs have changed their investment plans and are now exploring or moving toward near-sourcing/on-shore manufacturing. Some of the problems brought on by supply chain interruptions are also being addressed by digital technologies such as 3D printing.
The Germany market dominated the Europe Desktop 3D Printing Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $479.3 million by 2028. The UK market is anticipated to grow at a CAGR of 17.7% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 19.6% during (2022 - 2028).
Based on Application, the market is segmented into Functional Parts, Prototyping, and Tooling. Based on Vertical, the market is segmented into Dental/Healthcare, Fashion & Jewellery, Education, Objects, Food, and Others. Based on Technology, the market is segmented into Digital Light Processing, Stereolithography, Fuse Deposition Modelling, Laminated Object Manufacturing, and Selective Laser Sintering & Others. Based on Component, the market is segmented into Hardware, Software (Design Software, Printer Software, Inspection Software, and Scanning Software), and Services. Based on Material, the market is segmented into Plastic, Ceramic, and Metal. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Desktop 3D Printing Market will Hit $7.1 Billion by 2028, at a CAGR of 19.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Dassault Systèmes SE, 3D Systems Corporation, Autodesk, Inc., Canon, Inc., Materialise NV, EnvisionTec, Inc. (Desktop Metal, Inc.), Voxeljet AG, Stratasys, Ltd., Proto lab, Inc., and Shapeways, Inc.
By Application
By Vertical
By Technology
By Component
By Material
By Country
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