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Rapid Prototyping Service Market is expected to register a CAGR of 16.7% during the forecast period and reach a value of 1511.2 Million by 2026

08-25-2021 04:47 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: StraitsResearch

Rapid Prototyping Service Market

Rapid prototyping is a manufacturing technique used to make physical models using 3D design data. Prototypes are designed for engineering testing purpose or to initiate full production or to remodel products with design improvement. Rapid prototyping services save investments in the hard tooling process, making them efficient and economical. In order to validate design quickly and grab growth opportunities, many companies are investing in rapid prototyping services.

An array of industries are joining the 3D printing revolution. Developing a prototype by the conventional manufacturing process increases the time and cost associated with the end product. Presently, the consumer market is at a nascent stage, but industries such as manufacturing and healthcare are increasingly using 3D technology to offer unique and customized products.

The Major Players Covered in this Report:
Materialise NV (U.S.), Proto Labs (U.S.), Stratasys (U.S.), MakerBot (U.S.), Sculpeteo (France), Voxeljet (Germany), Ultimaker (Netherland), Laser Prototypes Europe Ltd. (U.K), 3D systems (U.S.) and Star Rapid Ltd. (China).

The rapid prototyping service market is expected to register a CAGR of 16.7% during the forecast period and reach a value of 1511.2 Million by 2026.

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By Technology, Stereolithography (SLA), Fused Deposition Modeling (FDM), Selective Laser Sintering (SLS), Laminated Object Manufacturing (LOM), Others

By Application, Automotive, Consumer Goods, Aerospace and Defense, Medical Devices, Others

Segmental Insight

Improvement in the quality of 3D printing materials has prompted manufacturers to incorporate rapid prototyping services in their current manufacturing practices.

Based on the type of technology, the rapid prototyping service market can be segmented into stereolithography (SLA), fused deposition modeling (FDM), selective laser sintering (SLS), laminated object manufacturing (LOM), and others. On the basis of application, the rapid prototyping service market can be segmented into automobile, consumer product, aerospace, medical and others.

The global automotive industry has grown over the past five years, thrusted by revenue growth in emerging economies. The aerospace and defense sector accounts for a significant share of the market as crafting complex structures at reduced cost and time have made rapid prototyping services attractive among players in the aerospace industry.

Regional Analysis For Rapid Prototyping Service Market:

North America (United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

In this study, the years considered to estimate the market size of the Rapid Prototyping Service are as follows:

History Year: 2014-2019
Base Year: 2019
Estimated Year: 2020
Forecast Year 2021 to 2026

Why Buy This Report?

This report offers key insights pertaining to the rapid prototyping service market with an emphasis on recent developments across geographies and development strategies adopted by prominent market participants. The following sections have specifically been covered in the report.

Definitive Market Data
Smart Building Market Analysis
Technological Insight
Competitor Analysis
Recent Opportunities in the Market
Pipeline Analysis
Patent Analysis

For More Details On this Report:

Contact Us:

Company Name: Straits Research
+1 646 480 7505 (U.S.)
+91 8087085354 (India)
+44 208 068 9665 (U.K.)

About Us:

Regardless of whether you're looking at business sectors in the next town or crosswise over continents, we understand the significance of being acquainted with what customers purchase. We overcome the issues of our customers by recognizing and deciphering just the target group, while simultaneously generating leads with the highest precision. We seek to collaborate with our customers to deliver a broad spectrum of results through a blend of market and business research approaches. This approach of using various research and analysis strategies enable us to determine greater insights by eliminating the research costs. Moreover, we're continually developing, not only with regards to where we measure, or who we measure but in how our visions can enable you to drive cost-effective growth.

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