Global 3D Printing Services Market Research 2024, Forecast To 2033
8 Jan, 2024
The 3D printing services market has experienced exponential growth, rising from $6.11 billion in 2023 to $7.5 billion in 2024, indicating a CAGR of 22.7% in the historical period. This growth is attributed to rapid prototyping, cost efficiency, medical advancements, design flexibility, education, and research. The market is expected to continue its rapid growth in the next few years, reaching $14.42 billion in 2028, with a CAGR of 17.8%. Factors driving this growth include digital twinning and prototyping, augmented and virtual reality integration, metal and composite printing, expansion in aerospace and automotive, and 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.
Global 3D Printing Services Market Key Driver
Growth in the 3D printing services market results from reduced manufacturing costs and process downtime. 3D printing significantly lowers development costs for new products, with minimal labor involvement and shortened manufacturing times. Prototyping using 3D printing can reduce the time from months to days. The technology's efficiency is evident in examples like a 20-minute phone case print and a 4-minute 2*4 Lego print. Consequently, reduced costs and improved efficiency fuel the demand for 3D printing services.
Get A Free Sample Of The Global 3D Printing Services Market ReportGlobal 3D Printing Services Market 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
By Geography: The regions covered in the 3d printing services market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions
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
Major 3D Printing Services Industry Players
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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3D Printing Services Market Overview
3D printing services refer to a technique for building three-dimensional objects layer by layer from a computer-generated design. A 3D item is produced by the additive method of 3D printing, which involves building up layers of material. It is known as additive manufacturing.
3D Printing Services Global Market Report 2023 provides data on the global 3d printing services market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The 3d printing services market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.