3D Printing Services Market Growth Analysis and Advancement Outlook 2020 to 2023 | 3D Systems Corporation, Stratasys, Materialise NV, ExOne, Arcam

The latest market report on 3D Printing Services Market 2019 offers an in-depth analysis of this business vertical involving key information concerning industry deliverables, predominantly market tendencies, market size, market share, present valuation, and profits estimations for the estimated period. The brief information regarding the industry also analyzes and elucidates the 3D Printing Services Market growth rate in the forecast timeline, incited by certain catalysts.

The global 3D Printing Services Market is expected to decline from $5.49 billion in 2019 and to $5.28 billion in 2020 at a compound annual growth rate (CAGR) of -3.87%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and reach $10.45 billion in 2023 at CAGR of 25.57%.

3D Printing Services Market: Overview

The 3D Printing service market consists of services provided by 3D printing service providers to companies in any of the forms of 3D printed parts, rapid prototyping, components produced by 3D printers, and related services such as software upgrades and maintenance.

North America was the largest region in the 3D printing market in 2019. Asia Pacific is expected to be the fastest growing region in the forecast period.

3D printing Services providers are implementing Cloud-based 3D printing services. Cloud-based 3D printing management platform can be used by any individual, enterprises, schools, and service bureaus to render, fix, store 3D design securely and stream 3D design to the 3D printer with complete data tracking and analytics.

Intellectual property on printing anything which has property rights issues is considered unauthorized is subject to an act of patent infringement. This factor hampers the growth of 3D printing service market growth. In 3D printing market, the products which are available to print are less. 3D printing products are widely used in the health care industry. Pharmaceutical companies can drastically improve the drug research and development (R&D) by 3D printing as the technology could even be used to print human organs and tissue. However, to print an organ one should buy the patent of the 3D building product code, that makes the product cost high. Therefore, intellectual property on printing products hampers the growth of the 3D printing service market.

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Major players in the 3D Printing Services Market are 3D Systems Corporation, Stratasys, Materialise NV, ExOne, Arcam, ProtoLabs 3D Rapid Prototyping Company, HP Inc., SLM Solutions Group, ARC Group Worldwide, and others.

Industry News: Nov 12, 2019

3D Printing Gets Classic Cars Out of the Garage and Onto the Road

It’s the Achilles’ heel of every car restoration, whether you are a casual enthusiast restoring a 70’s Mustang or a professional readying a Mercedes 300SL Gullwing to show at Concours: that hard-to-find part that you have been searching for—for years—with no success.

While using new, old-stock parts is the gold standard for restoration, that is often not possible when only 30 parts were ever made… in the 1920’s. Genuine second-hand parts may be of varying quality. A master craftsman may be able to produce a part that looks like the original, but this can be an expensive and time-consuming endeavor. 3D printing can be a compelling solution.

The idea of 3D printing spare parts for classic car restorations is not new – Porsche Classic made a splash several years ago when it announced it was using 3D printing to recreate parts for classic car collectors. However, advancing technology means it’s being done more effectively than ever before. As we announced this week, comedian Jay Leno is actively using Stratasys 3D printing to create a digital inventory for his own car collection, and now there are even 3D printing startups replacing traditional fabricators for creating aftermarket parts for the high-end car restoration market.

Geographic scope:
For a comprehensive understanding of market dynamics, the global 3D Printing Services Market is analyzed across key geographies namely: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. Each of these regions is analyzed on the basis of market findings across major countries in these regions for a macro-level understanding of the market.

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The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends, and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider 3D Printing Services market and compares it with other markets.

- The market characteristics section of the report defines and explains the market.

- The market size section gives the market size ($b) covering both the historic growth of the market, the impact of the COVID 19 virus, and forecasting its recovery.

- Market segmentations break down the market into submarkets.

- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the impact and recovery trajectory of COVID 19 for all regions, key developed countries, and major emerging markets.

- The competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals that have shaped the market in recent years are identified.

- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

- The 3D Printing Services market section of the report gives context. It compares the 3D Printing Services market with other segments of the support activities for the mining market by size and growth, historic, and forecast. It analyses GDP proportion, expenditure per capita, and 3D Printing Services indicators comparison.

Browse in-depth and report summary TOC on "3D Printing Services Market"

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Note - All the reports that we list have been tracking the impact of COVID-19. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.

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