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3D Printing in Education Sector Market size is set to grow by USD 1.10 billion from 2024-2028, Benefits offered by 3D printing in education sector to boost the market growth, Technavio

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NEW YORK, June 27, 2024 /PRNewswire/ — The global 3D printing in education sector market  size is estimated to grow by USD 1.10 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of almost 13.64%  during the forecast period.  Benefits offered by 3D printing in education sector is driving market growth, with a trend towards continuous development of new products. However, growing threat from 3d printing rental services in education sector  poses a challenge. Key market players include 3D Systems Corp., Anker Innovations Technology Co., Ltd, BigRep GmbH, Desktop Metal Inc., EOS GmbH, Formlabs Inc., Gizmo 3D Printers Pty Ltd., HP Inc., Kinpo Group, Markforged Holding Corp., MATERIALISE NV, Photocentric Ltd., Raise 3D Technologies Inc., Robert Bosch GmbH, Sculpto ApS, Shenzhen Creality 3D Technology Co. Ltd, Sindoh Co. Ltd., SLM Solutions Group AG, Stratasys Ltd., SprintRay Inc., Ultimaker BV, and voxeljet AG.

Get a detailed analysis on regions, market segments, customer landscape, and companies – Click for the snapshot of this report

Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

End-user (Higher education and PreK12), Type (3D printing services and materials and 3D printers), and Geography (North America, Europe, APAC, South America, and Middle East and Africa)

Region Covered

North America, Europe, APAC, South America, and Middle East and Africa

Key companies profiled

3D Systems Corp., Anker Innovations Technology Co., Ltd, BigRep GmbH, Desktop Metal Inc., EOS GmbH, Formlabs Inc., Gizmo 3D Printers Pty Ltd., HP Inc., Kinpo Group, Markforged Holding Corp., MATERIALISE NV, Photocentric Ltd., Raise 3D Technologies Inc., Robert Bosch GmbH, Sculpto ApS, Shenzhen Creality 3D Technology Co. Ltd, Sindoh Co. Ltd., SLM Solutions Group AG, Stratasys Ltd., SprintRay Inc., Ultimaker BV, and voxeljet AG

Key Market Trends Fueling Growth

The education sector is witnessing an uptick in the adoption of 3D printing technology. This trend is primarily driven by the numerous benefits of 3D printing, such as enhanced learning experience and improved teaching methods. Consequently, vendors in the market are expanding their product offerings to cater to the growing demand. In April 2024, SprintRay Inc. Introduced two new 3D printers, the Pro 2 and Midas + resins, which offer improved heating and better build platform recognition. Similarly, in November 2023, Stratasys Ltd launched the F3300 FDM 3D printer, which provides unmatched value to customers through reduced labor, increased uptime, and superior part quality. Anker Innovations Co. Ltd followed suit in August 2023 with the launch of its new AnkerMake M5C 3D Printer, featuring customizable single-click, double-click, and long-press actions. These new launches will boost sales and fuel the expansion of the global 3D printing market in the education sector. 

The 3D printing market in the education sector is experiencing significant growth, with proof of concept in various industries like healthcare, defense, automotive, and consumer electronics. Three-dimensional items created through additive processes using digital files are revolutionizing education. Resin 3D printers and filaments are popular choices for creating customized products. Selective laser sintering, electron beam melting, and laminated object manufacturing are advanced techniques used in industrial and aerospace sectors. The competitive environment drives product extensions, with nonprofit organizations (NPOs) joining the 3D printed community. Consistent quality is crucial in the final 3D product, minimizing process downtime in the post-pandemic scenario. Printer segments like Fused Deposition Modelling and Powder Bed Fusion cater to prototyping needs in the industrial segment. Digitization, smart factories, machine learning, and robotics are key trends shaping the future of 3D printing in education and beyond. Online 3D printing services offer convenience and accessibility to a wider audience. 

Research report provides comprehensive data on impact of trend. For more details- Download a Sample Report

Market Challenges

Several vendors in the 3D printing market cater to the education sector by providing rental services for institutions. This option enables educational institutions to access advanced 3D printers without the upfront investment. Rental providers offer additional benefits such as guidance on printer selection, warranty coverage, classroom materials, and technical support. Companies like Mileshied Ltd. (trading as Utility Rentals), iMakr, Verashape, and Airwolf 3D offer 3D printers on a rental basis. Airwolf 3D provides weekly and monthly rental options. Although this trend may impact the sales of new 3D printers, it presents an opportunity for vendors to expand their customer base and generate recurring revenue. Institutions can focus on their educational objectives while benefiting from the latest 3D printing technology without the burden of ownership costs.The 3D printing market in education sector is experiencing significant growth, particularly in customized products for students. However, challenges persist, including process downtime, inconsistent quality, and high initial investments. In the post-pandemic scenario, digitization and smart factories are driving demand for 3D printing in industrial segments. Printer segments like Fused Deposition Modeling (FDM), Powder Bed Fusion, and Prototyping continue to lead. Companies like Redington Limited, Materialize, Wipro, and Autodesk are key players. Hardware advancements in Polymer printers, such as Fused Filament Fabrication, Digital Light Processing, and Stereolithography, are crucial. Software advancements, automation, and simulation applications are also essential. Industrial hubs face operational expenditures and rely on reliable large-format systems. Climate change, Brexit, and changing technologies pose challenges. Key trends include machine learning, robotics, online 3D printing, and hardware and software services. Companies like HP, Microsoft, and leading 3D printing technologies such as Fused Deposition Modeling (FDM), Selective Laser Sintering, Polyjet, Multi Jet Fusion, Binder Jetting, and Electron Beam Melting continue to innovate.

For more insights on driver and challenges – Download a Sample Report

Segment Overview 

This 3d printing in education sector market report extensively covers market segmentation by

End-user 1.1 Higher education1.2 PreK12Type 2.1 3D printing services and materials2.2 3D printersGeography 3.1 North America3.2 Europe3.3 APAC3.4 South America3.5 Middle East and Africa

1.1 Higher education-  The higher education sector is integrating 3D printing technology to prepare students for industries that value critical thinking and collaboration skills. Engineering students use 3D printing for prototype design, while medical laboratories study body organs and art students create artwork. Universities offer graduate courses on legal issues in 3D printing. For instance, Pennsylvania State University and IIT-Madras provide such courses. Vendors like 3D Systems and Stratasys offer 3D printing solutions for education. Government initiatives, such as MeitY’s national strategy in India, encourage colleges to adopt 3D printing. Universities like Osmania University collaborate with industries to develop innovative products using 3D printing technology. For example, they procured 3D metal printing technology from SLM Solutions Group AG and Ultimaker FDM 3D printer from Ultimaker BV. These collaborations and investments in 3D printing technology will drive growth in the higher education sector during the forecast period.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2018 – 2022)  – Download a Sample Report

Research Analysis

The 3D printing market in the education sector is experiencing significant growth due to the customized products it offers. With the shift towards digitization and smart factories, 3D printing is becoming an essential tool for educational institutions. In the post-pandemic scenario, 3D printing is expected to play a crucial role in reducing process downtime and ensuring consistent quality in the production of final 3D products. The printer segment includes Fused Deposition Modelling (FDM), Powder Bed Fusion, Selective laser sintering, Electron Beam Melting, and Laminated Object Manufacturing. These technologies cater to various industries such as healthcare, defense, automotive, aerospace, consumer electronics, and industrial. 3D printer filament and 3D printing services are essential components of the 3D printing ecosystem. Machine learning and robotics are being integrated into 3D printing to enhance productivity and efficiency. Online 3D printing and simulation applications are also gaining popularity in the education sector. The healthcare sector is leveraging 3D printing for creating customized medical models, prosthetics, and surgical tools. The defense sector is using 3D printing for producing prototypes and spare parts. The automotive sector is utilizing 3D printing for creating customized car parts and designing concept cars. Overall, the 3D printing market in the education sector is poised for significant growth in the coming years, driven by the need for customized products, consistency in quality, and the integration of advanced technologies such as machine learning, robotics, and simulation applications.

Market Research Overview

The 3D printing market in the education sector is witnessing significant growth due to the customized products it offers. However, process downtime and high initial investments are challenges. In the post-pandemic scenario, digitization, smart factories, machine learning, robotics, and online 3D printing are driving the market. Printer segments include Fused Deposition Modeling (FDM), Powder Bed Fusion, and others. Prototyping is a major application in the industrial segment. Additive processes like Stereolithography, Digital Light Processing, and Selective Laser Sintering are popular. Hardware and software advancements in Polymer printers, Fused Filament Fabrication, and Large-format systems are crucial. Reliability and automation are key factors. The competitive environment includes players like Autodesk, Microsoft, HP, and others. Climate change, Brexit, and operational expenditures are external factors influencing the market. The education industry uses 3D printing for proof of concept, product extensions, and in nonprofit organizations and the 3D printed community. Industries like healthcare, defense, automotive, aerospace, and consumer electronics are also adopting 3D printing.

Learn and explore more about Technavio’s in-depth research reports

The online language learning market is experiencing rapid growth, driven by advancements in technology and increased globalization. With the rise of e-learning platforms, interactive apps, and AI-driven language tools, learners now have access to a variety of resources to enhance their language skills. The convenience of learning anytime, anywhere, combined with personalized learning experiences, has made online language education more appealing. As a result, the market is projected to continue expanding, catering to diverse demographics and addressing the growing demand for bilingual and multilingual proficiency in both personal and professional settings.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

End-userHigher EducationPreK12Type3D Printing Services And Materials3D PrintersGeographyNorth AmericaEuropeAPACSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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XTransfer and OCBC Jointly Announce Comprehensive Partnership

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“Global Multi-Currency Accounts” Empowers SMEs with New Market Opportunities

SHANGHAI, Dec. 23, 2024 /PRNewswire/ — XTransfer, the World’s Leading & China’s No.1 B2B Cross-Border Trade Payment Platform, and OCBC, the second largest financial services group in Southeast Asia, jointly announced the comprehensive partnership. OCBC China will leverage the OCBC Group’s extensive regional network and resources in its key markets of Singapore, Hong Kong SAR, Malaysia and Indonesia to collaborate with XTransfer to provide small and medium-sized enterprises (SMEs) engaging in international trade with one-stop innovative cross-border financial solutions, including payment, FX, risk control and wealth management. The Memorandum of Understanding was signed on 18 December 2024 by Bill Deng, Founder and CEO of XTransfer, and Ang Eng Siong, CEO of OCBC China.

Bill Deng, Founder and CEO of XTransfer, stated, “This collaboration marks a significant milestone for XTransfer, greatly enhancing our global payment capabilities. By leveraging OCBC’s extensive global payment network, XTransfer saves a substantial amount of market costs and accelerates our business expansion in Southeast Asia, saving on local expansion efforts. XTransfer looks forward to expanding its business with OCBC in the future in a variety of areas, including wealth management and lending, and is looking forward to working with them to capture the vast opportunities in Greater China and ASEAN.”

Ang Eng Siong, CEO of OCBC China, said, “OCBC uses Singapore and Hong Kong as our twin-hubs, radiating out to Greater China and ASEAN regions. XTransfer’s business development plans in these areas align closely with our network layout. As XTransfer’s global account manager, OCBC China will support XTransfer and its clients in facilitating cross-border settlements through close collaboration with various business subsidiaries of the group. This will help meet the growing demand for cross-border development and business growth, helping them achieve their aspirations in Greater China and ASEAN.”

XTransfer and OCBC collaborate in several areas of cross-border business. In particular, XTransfer leverages the strong banking networks and service capabilities of OCBC to offer its customers the “Global Multi-Currency Account” provided by OCBC Hong Kong, allowing clients to make payments and collect funds globally. The Global Multi-Currency Account supports not only major currencies, such as the Renminbi, US Dollar, British Pound, Euro, etc., but also currencies from ASEAN and various countries and regions. This will benefit SMEs in foreign trade settlement in the corresponding countries and enhance global cross-border trade efficiency. The partnership will provide XTransfer’s over 550,000 clients and their buyers with more payment and collection options. Additionally, clients can make payments and collect funds through CHATS or FPS, the local clearing network in Hong Kong, offering convenience similar to local bank transfers.

In recent years, trade exchanges between China and ASEAN have become increasingly close. According to data from XTransfer, from January to September 2024, the amount received by small and medium-sized foreign trade enterprises on the XTransfer platform from ASEAN grew by 80% compared to the previous year. The partnership between XTransfer and OCBC will address this growth in international trade by SMEs, and help them capture opportunities in trade and capital flow between China and ASEAN.

XTransfer continues to build its global payment infrastructure for foreign trade through partnerships with renowned international banks and financial institutions. This partnership with OCBC brings XTransfer a new upgrade in its global payment infrastructure, offering substantial benefits to global cross-border traders. By utilising the Global Multi-Currency Account provided by OCBC Hong Kong, buyers can easily make payments in various currencies to overseas suppliers and collect funds from worldwide customers. This partnership is expected to enhance cross-border trade by significantly broadening the payment methods and scope for SMEs.

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SOURCE XTransfer

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TECHTRONIC INDUSTRIES JOINS THE UN GLOBAL COMPACT

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DEMONSTRATES TTI’S COMMITMENT TO SUSTAINABLE PRODUCTS AND PRACTICES

FORT LAUDERDALE, Fla., Dec. 23, 2024 /PRNewswire/ — Global cordless power tool, outdoor power equipment and floorcare company Techtronic Industries Co. Ltd. (“TTI” or the “Company”) (stock code: HK:0669, ADR symbol: TTNDY) today announced that it has joined the United Nations Global Compact, reaffirming its dedication to sustainability and social responsibility. With over 25,000 signatories in over 160 countries, the UN Global Compact is the world’s largest voluntary corporate sustainability reporting initiative. By joining, TTI is committing to communicating its progress to stakeholders annually through our ESG Report and UN Global Compact’s website. 

TTI’s CEO Steve Richman remarked: “As the industry pioneer in lithium-ion battery-powered, energy efficient power tools and outdoor power equipment, TTI’s commitment to sustainable products and business practices has long been a fundamental part of the way we do business. We began publishing ESG reports in 2015 and we aligned our goals and targets with the UN Sustainable Development Goals in 2018. Every year we make progress in areas including safety solutions, noise reduction, supply chain traceability, decarbonization, and governance. While we have demonstrated our commitment, by joining the UN Global Compact, we have officially aligned our sustainability strategy with the Ten Principles in the areas of human rights, labor, environment, and anti-corruption.”

As part of TTI’s ongoing sustainability efforts, our objective is to implement initiatives that deepen our support of the UN’s Sustainable Development Goals (SDGs) while fostering an inclusive and equitable workplace culture. We are dedicated to advancing our sustainability journey, setting measurable goals, and continuously monitoring our progress.

Learn more about TTI’s efforts by reading our latest ESG publications here. Our 2024 ESG report will be published in March 2025.

About TTI

Techtronic Industries Company Limited (“TTI” or the “Company”), founded in 1985 by German entrepreneur Horst Julius Pudwill, is a world leader in cordless technology. As a pioneer in Power Tools, Outdoor Power Equipment, Floorcare and Cleaning Products, TTI serves professional, industrial, Do It Yourself (DIY), and consumer markets worldwide. With more than 50,000 employees globally, the company’s relentless focus on innovation and strategic growth has established its leading position in the industries it serves.

MILWAUKEE is at the forefront of TTI’s professional tool portfolio. With global research and development headquartered in Brookfield, Wisconsin, the historic MILWAUKEE brand is renowned for driving innovation, safety, and jobsite productivity worldwide. The RYOBI brand, headquartered in Greenville, South Carolina, remains the top choice for DIYers and continues to set the standard in DIY tool innovation. TTI’s diverse brand portfolio also includes trusted brands like AEG, EMPIRE, HOMELITE, and leading floorcare names HOOVER, ORECK, VAX, and DIRT DEVIL (based in Charlotte, North Carolina).

TTI’s international recognition and renowned brand portfolio are supported by a strong ownership structure that underscores the company’s global reach and stability. The Pudwill family remains the company’s largest shareholder, with the remaining ownership held largely by institutional investors at North American and European-owned firms. TTI is publicly traded on the Hong Kong Stock Exchange and is a constituent stock of the Hang Seng Index, operating globally with a strong commitment to environmental, social, and corporate governance standards. For more information, visit www.ttigroup.com.

All trademarks listed other than AEG and RYOBI are owned by the Company. AEG is a registered trademark of AB Electrolux (publ.) and is used under license. RYOBI is a registered trademark of Ryobi Limited and is used under license.

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SOURCE Techtronic Industries Co. Ltd.

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New 2025 ezPaycheck Paycheck Payroll Software Is Now Available from Halfpricesoft.com

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REDMOND, Wash., Dec. 23, 2024 /PRNewswire/ — Halfpricesoft.com has just announced the release of 2025 ezPaycheck payroll software for support for small businesses, freelancers, and sole proprietors as well as many other clients. The new ezPaycheck includes 940, 941, W2 and W3 forms and 2025 tax tables.

 

Clients can still acquire the 2024-2025 bundle version at a cost reduction for a limited time. For those utilizing the 2024 ezPaycheck please note:

Do NOT install this new version before you complete 2024 paychecks. ezPaycheck 2025 installation will update the tax tables. With ezPaycheck 2025, you can still access your 2024 paychecks, view reports and print 2024 W2 forms.

Dr. Ge stated, “The software, ezPaycheck 2024 and 2025 is still available for purchase to those clients that need to process year-end tax forms.”

Priced at just $169 per installation for a single installation of 2025 ezPaycheck software. The bundle 2024-2025 version is $199 for a limited time. ezPaycheck payroll software is affordable for any business. With paycheck software, business owners can easily calculate taxes, deductions, and other payroll-related tasks. Potential clients are welcome to download ezPaycheck free demo version with no obligation and no risk at halfpricesoft.com

Despite its cost and ease of use, Accountants, CPA and Tax Professionals should not assume ezPaycheck 2024 runs short on features. ezPaycheck 2025 is packed with all the features a business needs to run payroll quickly and easily, including:

Supports daily, weekly, biweekly, semimonthly and monthly payroll periods. Features report functions, print functions, and pay stub functions.Automatically calculates Federal Withholding Tax, Social Security, Medicare Tax and Employer Unemployment Taxes.Includes built-in tax tables for all 50 states and the District of ColumbiaEasily calculates differential payPrints miscellaneous checks as well as payroll calculation checksPrints payroll checks on blank computer checks or preprinted checksCreates and maintains payroll for multiple companies, and does it simultaneouslyPrints Tax Forms NEW 943 Form, 940, 941, W2, and W3 (Copy A preprinted form required)Supports multiple accounts at no additional chargeSupports network access to share data from different computers and locations (additional cost)30 day no cost trial. No registration required and absolutely no obligation

ezPaycheck is compatible with Windows 11, 10, 8, 7, and other Windows systems. We also sell a MAC version separately.

ezPaycheck payroll software is affordable for any size business. Customers seeking a way to simplify payroll processing with more accuracy to start the no-obligation 30-day test at https://www.halfpricesoft.com/index.asp

About halfpricesoft.com

Halfpricesoft.com is a leading provider of small business software, including online and desktop payroll software, online employee attendance tracking software, accounting software, in-house business and personal check printing software, W2, software, 1099 software, accounting software, 1095 form software, and ezACH direct deposit software. Software from halfpricesoft.com is trusted by thousands of customers and will help US Business owners simplify payroll processing and streamline business management.

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