Consumer 3D Printing Market - Forecast(2021 - 2026)
The consumer 3D Printing market was valued at $ 1,744.49 million in 2017 and is anticipated to grow at CAGR of over 22% during the forecast period 2018-2023. Consumer 3D printers are gaining prominence given the relatively low cost of the device and the ability of the device to print a product with complex design with ease. Majority of the revenue is generated from jeweler printing which accounted for over $385.02 million in revenues in 2017.Small and Medium Scale Jewelers manufacturers and design hobbyists are opting for 3D printers which produces accurate designs within a very short span of time. Huge demand for custom designs is driving the consumer 3D printer market in the jeweler segment and is anticipated to continue its dominance through the forecast period 2018-2023. What is 3D printing? 3D printing is the process of manufacturing three dimensional objects by depositing successive layers of material through the 3D printer. It is also called as additive manufacturing. This