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
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.
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
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
Recent Opportunities in the Market
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