When technology steps-up to address a growing need, it is called innovation.

3D printing is a fine example of this. This technology helps create physical objects by feeding their design to a 3D printer. Cost effective and easy to modify, the printing technology is witnessing an increasing demand, primarily from the manufacturing industry. Reduction in wastage is another definitive factor which has endeared 3D printing to the manufacturing industry. It is being used extensively in creating prototypes, and this trend is not forecasted to slow down.

3D Printing Services Market: Insight

The 3D printing services market is growing at a very fast pace.

According to a market research report, 3D Printing Services Market – Global Outlook and Forecast 2017-2022, the market is all set to cross $13 billion in terms of revenue by 2022. The major driving forces driving this market growth, are increasing preference for 3D printing over traditional across geographies and industries, and the continuously climbing demand for these advances printers in the developed economies like the US and Canada. The growth of the market is further fueled by the lack of in-house infrastructure and resources with the industry players.

Mostly localized, within their geographies, the players are focusing on aggressively creating their visibility and reach across geographies, primarily through M&A activities. This effort to create visibility and market penetration across geographies, is exposing the local players to be acquired by the leading global players in the market.

Relatively new, open-to-innovation, and not yet mature, the market is an open playing field for the service providers. However, the growth of the market depends on efficient collaboration and consolidation of the local players with the global ones. This will ensure more standardized and extensive global reach.

3D Printing Services Market: Manufacturer Dynamics

3D Systems, Stratasys, Materialise and Proto Labs ARC Group Worldwide, Arcam (GE), Carbon, Concept Laser (GE), Cookson Precious Metals, EnvisionTEC, GE Additive, Groupe Gorgé, Höganäs, HP, Markforged, Mcor Technologies, Optomec, ReaLizer, Renishaw, SLM Solutions Group, , The ExOne Company, Voxeljet.

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