This market research report on global 3D printing services provides in-depth information, market share, and market analysis by segmentation. The report provides market size and forecast by Technology Types (Extrusion, Jetting, Power bed fusion, Others) by Services Offerings (Tooling and parts production, Rapid prototyping, Software services, System maintenance, Expert services by End-users (Industrial machinery, Aerospace and defense, Healthcare, Automotive, Consumer products, and Others) By Geography (APAC, Europe, North America and ROW). The industry analysis report also indicates that the 3D printing services market size is expected to cross $13billion by 2022, growing at a CAGR of more than 28% during 2016–2022.
With the growing adoption of 3D printing technology in the manufacturing industry, the production process will change fundamentally in the new future. The rise of Manufacturing-as-a-Service (MaaS), reduction of waste and resource improvement are among the few notable transformations that this printing technology offers, which in return will boost the 3D printing services market.
3D Printing Services Market Size in Revenue
The report provides a holistic view of the global 3D printing services market, the companies involved in the market, and the factors driving its growth. It also provides information on some of the latest trends that have started to surface and are likely to become strong market driving forces for the 3D printing industry over the next five years. This report also provides Porter’s Five Forces analysis along with a description of each force and its impact on the market.
Further, the report also provides a complete value chain analysis of the global market.
International players are likely to grow inorganically by acquiring regional or local players
The competitive scenario in the global 3D Printing market is intensifying. The rapidly changing technological environment could adversely affect vendors as end-users expect continual innovations and upgrades.
Major vendors profiled in the report are 3D Systems, Stratasys, Materialise and Proto Labs.
Other vendors include 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.
Increasing vertical applications of 3D printing techniques to drive the growth
The growth in 3D printing services outsourcing, increased investment in the printing domain, and high influence of the internet on service revenue generation are the key factors that are going to drive the market growth during the forecast period. The emergence of cloud-based 3D printing services providers increased vertical applications, and improved market consolidation are among the latest trends that are going to drive the global 3D printing market. The report also outlines the upcoming challenges the market is going to face during the forecast period. It also includes Porter’s Five Force analysis and its impact on the market.
Healthcare is the fastest growing segment in the global 3D printing services market
The 3D Printing market is dominated by the extrusion segment and is witnessing increased demand from the manufacturing industry in developed countries such as the US and Germany. The vat photopolymerization segment followed the extrusion segment. Vat photopolymerization is one of the oldest technology used in the 3D printing services market, and the segment is witnessing growth as the demand for 3D printers is surging globally. The adoption of the advanced printing technology in the aerospace industry is growing, and the 3D printing services market is likely to witness the maximum contribution from the segment in 2022. The consumer products segment was followed by the aerospace and defense segment which accounted for 16.96% market share in 2016. The healthcare segment is expected to be the fastest-growing segment of the 3D printing services market during the forecast period as innovations in 3D printing technology are making their way into various healthcare sectors.
North America to be the largest market
Globally, North America is the largest market for industrial automation, and the market is increasing. This is expected to drive the demand for 3D printing services in the region. Europe, which was the second largest market for 3D printing services, was led by Germany, the UK, and Italy, where 3D printer penetration is more, and the sale of these devices is high. The automotive and healthcare industries are driving the demand in the region. APAC and MEA are also going to witness a surge in the growth of the 3D printing services market.
The key countries profiled in the report are:
Key market insights include
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