Personal 3D printing market is also referred to as consumer 3D printing as it involves printing by end-users from a desktop 3D printer for personal use. The global 3D printing market is expected to attain a market size of $7.2 billion by 2019. Personal 3D printing is an evolving market that is projected to have an increased market capitalization as more individuals would use the technology for personalized applications. One of the driving factors for the market growth is the reducing prices of personal 3D printers. In 2012, the printers were available at around $6,500 and currently, some personal 3D printers are available at less than $5,000. The market expects further price corrections in the future as the demand for these printers is expected to increase further. Additionally, personal 3D printers give enhanced printing experience to end-users. The technology is now being used in various personal applications such as education, entertainment, photography, architecture, fashion and jewellery. Increased applications would further enhance the market growth.
However, looking at the current market trend, it is evident that there would be huge demand-supply disequilibrium as the production of reasonably priced 3D printers is not being done on a large scale yet. The lack of large scale production is one of the key restraints for the market growth. Furthermore, some manufacturers offer an easy to assemble kit which is a cost-effective option for end-users. However, the challenge for market players is to gauge consumer expectation as it is unclear whether they prefer assembled products or out-of-box finished goods. Out-of-box finished goods would have an end-to-end manufacturer’s support while assembled goods would have limited support.
Some companies profiled in this report are 3D Systems, Inc., Concept Laser GmbH, Arcam AB, Exone GmbH, Eos GmbH Electro Optical Systems, Optomec, Inc., Solidscape, Inc., Slm Solutions GmbH, Stratasys Ltd., and Voxeljet Technology GmbH.
KEY MARKET SEGMENTS