3D Printing Market Size, Share, Industry Report, Revenue

The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

3D Printing Services Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $14.42 billion In 2028 At A CAGR Of 17.8% :

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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3D Printing Services Market Major Segments
The 3d printing services market covered in this report is segmented -

1) By Service Offering: Tooling, Parts Production, Software Services, System Maintance, Expert Service
2) By Application: Prototyping, Tooling, Functional Parts Manufacturing
3) By End user: Consumer Products, Automotive, Healthcare, Aerospace And Defense

Key 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.

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Prominent 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.

3D Printing Services Market Players
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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Largest And Fastest Growing Region In The Market
Asia-Pacific was the largest region in the 3D printing services market in 2023. North America was the second largest region in the 3D printing services markets report. The regions covered in the 3d printing services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The Table Of Content For The Market Report Include:
1. Executive Summary
2. 3D Printing Services Market Report Structure
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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This release was published on openPR.