PUBLISHER: Grand View Research | PRODUCT CODE: 1493456
PUBLISHER: Grand View Research | PRODUCT CODE: 1493456
The global fused deposition modeling 3D printing market size is anticipated to reach USD 6.9 billion by 2030, growing at a CAGR of 21.8% during the forecast period, according to a new report by Grand View Research, Inc. The FDM 3D printing market is experiencing robust growth driven by factors such as cost-effectiveness, technological advancements, expanding applications, and sustainability concerns.
Technological breakthroughs are revolutionizing FDM 3D printing. Advancements in resolution, print speed, and material compatibility are making it possible to produce intricate geometries and top-quality parts with greater efficiency. As a result, FDM printing is rapidly becoming a vital tool in the production workflows of diverse industries, including aerospace & defense, automotive, healthcare, and consumer electronics.
Ongoing research and development efforts continue to push the boundaries of FDM 3D printing technology. Advancements in areas such as multi-material printing, hybrid additive-subtractive manufacturing, and in-situ monitoring systems are expected to further enhance the capabilities and performance of FDM printers. As these technologies mature and become more accessible, FDM 3D printing is poised to remain at the forefront of additive manufacturing, driving innovation and transformation across industries.
The competitive landscape of the FDM 3D printing market is characterized by a diverse array of players, ranging from established industry leaders to innovative startups and niche manufacturers. The FDM 3D printing market is witnessing increasing competition from manufacturers based in emerging economies, particularly in Asia. Companies from countries such as China, South Korea, and India are entering the market with cost-effective FDM printers, challenging established players with their competitive pricing and aggressive expansion strategies.