The 3D Printing service market consists of services provided by 3D printing service providers to companies in any of the forms of 3D printed parts, rapid prototyping, components produced by 3D printers, and related services such as software upgrades and maintenance.
The global 3D printing services market is expected to decline from $5.49 billion in 2019 and to $5.28 billion in 2020 at a compound annual growth rate (CAGR) of -3.87%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and reach $10.45 billion in 2023 at CAGR of 25.57%.
