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3D Printing Services Market Report 2024: Strategies And Recent Developments | 3D Systems Corporation, Stratasys Ltd., Materialise NV, ExOne Company, Arcam AB, Proto Labs Inc.

3D Printing Services  Market Size

3D Printing Services Market Size

The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2033

The Business Research Company offers in-depth market insights through 3D Printing Services Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.

Market Size And Growth Forecast:
The 3d printing services market size has grown exponentially in recent years. It will grow from $6.11 billion in 2023 to $7.5 billion in 2024 at a compound annual growth rate (CAGR) of 22.7%. The growth in the historic period can be attributed to rapid prototyping, cost efficiency, medical advancements, design flexibility, education and research.

The 3d printing services market size is expected to see rapid growth in the next few years. It will grow to $14.42 billion in 2028 at a compound annual growth rate (CAGR) of 17.8%. The growth in the forecast period can be attributed to digital twinning and prototyping, augmented and virtual reality integration, metal and composite printing, expansion in aerospace and automotive, on-demand production services. Major trends in the forecast period include bioprinting and tissue engineering, sustainable printing materials, on-demand and localized production, advanced metal printing, smart manufacturing and iot integration.

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Market Segmentation:
The main service offerings of 3D printing service are tooling, parts production, software services, system maintenance, expert service. It is used for prototyping, tooling, functional parts manufacturing by various end users including consumer products, automotive, healthcare, aerospace and defense. Prototyping is a fundamental step in the process of creating a new product by physically representing a concept. Designers use prototyping to transform a concept into a working product. It consists of several steps that assist designers, product owners, or business analysts in determining essential concerns such as user demands, navigation, information architecture, usability, accessibility, and user interface (UI) or visual design.

Major Driver - Cost Efficiency And Reduced Downtime Drive The Growth Of The 3D Printing Services Market
Reduction in manufacturing cost and process downtime contributed to the growth of the 3D printing services market. 3D printing technology helps companies greatly reduce their manufacturing costs, reduce downtime and minimize waste. With the use of 3D printing for prototyping, companies can significantly lower the cost of developing new products. The minimal labor/workforce involved in this process also contributes to the low manufacturing costs. Due to 3D printing the manufacturing time can be reduced from months to days. For instance, to print a phone case it takes around 20 minutes, and similarly a 2*4 Lego can be printed in 4 minutes. Therefore, reduction in manufacturing costs and process downtime increased demand for the 3D printing services market.

Competitive Landscape:
Major companies operating in the 3D printing services market include 3D Systems Corporation, Stratasys Ltd., Materialise NV, ExOne Company, Arcam AB, Proto Labs Inc., HP Inc., SLM Solutions Group AG, ARC Group Worldwide Inc., Carbon Inc., Concept Laser GmbH, Cookson Precious Metals Ltd., EnvisionTEC GmbH, GE Additive, Groupe Gorgé SA, Höganäs AB, Markforged Inc., Mcor Technologies Ltd., Optomec Inc., ReaLizer GmbH, Renishaw plc, Organovo Holdings Inc., Nano Dimension Ltd., EOS GmbH Electro Optical Systems, General Electric Company, Voxeljet AG, Desktop Metal Inc., Ultimaker BV, Formlabs Inc., Prodways Group SA, XYZprinting Inc., Shapeways Inc., Sculpteo SAS

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Top Trend - Redefining 3D Printing Services With Cloud-Based Management Platforms
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. For instance, in October 2021, BCN3D, a Spain-based manufacturer of desktop 3D printers, launched its New 3D printer cloud management technology on its acquired 3D printing cloud software management platform, AstroPrint. This technology would make it possible to centralise the use of distant 3D printers and enhance resource management by creating a single location for the straightforward management of organised workflows.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. 3D Printing Services Market Characteristics
3. 3D Printing Services Market Trends And Strategies
4. 3D Printing Services Market - Macro Economic Scenario
5. 3D Printing Services Market Size And Growth
…..
27. 3D Printing Services Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.

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