3D Printing at a Crossroads: Insights from IDTechEx
In 2024, the 3D printing industry stands at a transformative
juncture, largely influenced by the ripple effects of COVID-19. Despite an
initial dip in sales, the pandemic highlighted additive manufacturing's
strengths, prompting companies to reconsider supply chain strategies. Now, as
the industry faces evolving macro-economic conditions, a pivotal year is
predicted by IDTechEx. The report, "3D
Printing and Additive Manufacturing 2024-2034: Technology and Market
Outlook," explores emerging trends, with a spotlight on potential mergers
and acquisitions among major players. While 2023 saw discussions, 2024 is
anticipated to reveal whether consolidation becomes a reality. Economic
challenges drive considerations of M&A activities for 3D
printing firms, aiming to address complexities in customer acquisition and
core challenges in throughput, print quality, certification, and workflow
integration. Ongoing innovation, coupled with endorsements from major end-users
like Tesla and Apple, positions the 3D printing market to exceed $49 billion by
2034, according to IDTechEx's forecast.
More Information : https://www.techdogs.com/tech-news/pr-newswire/3d-printing-a-dynamic-industry-approaching-a-crossroads-reports-idtechex
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