The market for global 3D desktop printers could increase by almost 37% from 2020-2024, according to a Technavio market research report.

According to the report, the expansion of 3D printing in direct digital manufacturing will have a positive impact on the market and contribute to its growth significantly over the forecast period.

‘Rise in the demand for 3D printing technologies by evolving SMEs and increasing product launches will further boost market growth during the forecast period,’ said a senior analyst at Technavio.

The North American region led the market in 2019, followed by Europe, APAC, South America, and MEA respectively. During the forecast period, the North American region is expected to maintain its dominance over the market, the market research company said.

This story is reprinted from material from Technaviowith editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.