Group 1: Market Growth - The global consumer-grade 3D printing market is expected to grow from $1.5 billion in 2020 to $4.1 billion in 2024, with a CAGR of approximately 28% [1] - From 2025 to 2029, the market size is projected to increase from $4.9 billion to $16.9 billion, with a CAGR of about 33% [1] - The annual shipment of consumer-grade printers is expected to exceed 4 million units in 2024, with a CAGR of approximately 10.2%, reaching 13.4 million units by 2029, with a CAGR of about 26.6% [1] Group 2: Competitive Landscape - Four Shenzhen companies, including Creality and Tobo, hold 90% of the global entry-level 3D printer market share [2] - Entry-level 3D printers (priced ≤ $2,500) are the only segment expected to see growth in 2024, with a shipment increase of 26% [2] Group 3: Catalysts for Growth - The price of consumer-grade 3D printers has decreased by 60% compared to three years ago, with many entry-level products priced below $1,000 [2] - AI tools, such as those from Hitem3D, have significantly lowered the creative barriers, facilitating the adoption of consumer-grade 3D printing [2] Group 4: Material Demand - PLA is the most common material in 3D printing, with a projected domestic demand of 120,000 tons in 2024, representing a 48.1% year-on-year increase [3] - 3D printing is expected to account for approximately 35% of PLA's application in 2024, making it the largest application area [3] - PLA's characteristics, such as environmental friendliness and ease of use, position it well for growth in consumer-grade 3D printing [3]