The global 3D printer manufacturing market is expected to decline from $10.10 billion in 2019 to $8.71 billion in 2020 at a compound annual growth rate of -13.76%. The decline is mainly due to the COVID-19 outbreak that has led to restrictive containment measures involving social distancing, remote working, and the closure of industries and other commercial activities. The market is then expected to recover and reach $16.69 billion in 2023 at a CAGR of 24.20%. The 3D printer manufacturing market consists of sales of 3D printers and related services that are used in automotive, healthcare, industrial, consumer electronics, aerospace and defense industries. The 3D printer manufacturing market covered in this report is segmented by printer type into desktop 3D printer; industrial 3D printer. The high cost associated with 3D printing hampers the growth of the 3D printer manufacturing market. The high cost associated with 3D printing limits the demand for 3D printers thereby restraining the growth of the 3D printer manufacturing market. The growth in the use of 3D printed products in the automotive industry is a key factor driving the growth of the 3D printer manufacturing market. The growth in demand for 3D printed products in the automotive industry drives the demand for manufacturing 3D printers and contributes to the growth of the 3D printer manufacturing market.

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