3D Printing Market worth $91.74 Billion by 2030 - Exclusive Report by The Insight Partners

Posted under: Emerging technologies
Date: 2023-10-13
3D Printing Market worth $91.74 Billion by 2030 - Exclusive Report by The Insight Partners

The demand for additive manufacturing technology is increasing in the automotive industry as it helps automotive companies reduce costs, time, and weight when manufacturing complex parts. In addition, the technology also helps in providing greater customization at the design level. The 3D printing market, in terms of revenue, was estimated to be worth $17.46 billion in 2022 and is poised to reach $91.74 billion by 2030, growing at a CAGR of 23.0% from 2022 to 2030, according to a new report published by The Insight Partners. In addition, the growing construction industry in North America is expected to boost the 3D printing industry, as the current 3D printing technology helps to offer unprecedented design freedom, reduce material waste, and significantly reduce construction time. The growing construction industry is fueling 3D printing market growth in North America.

Read more at: finance.yahoo.com