Growing Market Consolidation to Boost 3D Printing Solutions Market

Unlike other markets, the global 3D printing solutions market is witnessing consolidation worldwide. The industry has been succeeding on an innovative and entrepreneurial enthusiasm to increase its end-user base and improve profitability in the market.

Major 3D printer equipment manufacturers and existing service providers are aggressively involving in M&A activities in the global 3D printing solutions market as these companies are expanding their market presence in this domain and are increasing their market potential through M&A worldwide. According to a report, 3D Printing Services Market – Global Outlook and Forecast 2017–2022, the unprecedented growth of the market is likely to drive global companies to acquire small and regional suppliers to increase their market presence. It is expected to help vendors improve their distribution channels and expand their market reach.

View Report: 3D Printing Services Market – Global Outlook and Forecast 2017-2022
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Some of the recent acquisitions by major vendors in the 3D printing solutions market are enlisted in the report.

Companies can strengthen their businesses by acquiring other company having a similar business model. The combined synergies of the parent and the acquired company can help in bringing up advanced products. Thus, the launch of new products and services along with various collaborations with the combined effort of acquired or merged companies would help vendors to improve their operational and customer base.

Also, factors such as the requirement of financial assistance to expand business across the globe and the need to have established retail chains for the distribution of products are also driving the 3D printing solutions market consolidation.

Thus, increased M&A activities are expected to help vendors expand their customer base and add revenue to the global market during the forecast period.

Emergence of Cloud-based 3D Printing Service Providers among Latest Opportunities

The 3D printing services market is witnessing the emergence of cloud-based 3D printing solutions offered by many service providers worldwide. Many vendors have started to offer cloud-based software solutions for 3D printing services. Using the cloud technology, end-users can customize the design of any product using smartphones or tablets. Earlier such offerings were introduced by companies such as Shapeways and Sculpteo who gave designers and engineers the tools to produce their objects using a scalable and cost-effective process to democratize the mass production. These attempts have started to shift the decade-old established centralized production toward more distributed manufacturing innovations. Service providers use cloud-based 3D services to deliver 3D printing solutions, standard and customized, to enterprises over online networks.

View Report: 3D Printing Services Market – Global Outlook and Forecast 2017-2022

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