Global 3D Printing Services Market Research Forecast 2024 - 2033
19 Apr, 2024
The 3D printing services market experienced exponential growth, rising from $6.11 billion in 2023 to $7.5 billion in 2024, with a CAGR of 22.7%, attributed to rapid prototyping and medical advancements. Expected to reach $14.42 billion in 2028, with a CAGR of 17.8%, factors include digital twinning, augmented reality integration, and trends like bioprinting, sustainable materials, and on-demand production.
Major Driver In The 3D Printing Services Market
The growth trajectory of the 3D printing services market is propelled by the substantial reduction in manufacturing costs and process downtime. The advent of 3D printing has revolutionized product development by significantly minimizing costs and expediting manufacturing times with minimal labor involvement. Examples such as a 20-minute phone case print and a 4-minute 2*4 Lego print underscore the efficiency of this technology. Consequently, the allure of reduced costs coupled with improved efficiency continues to fuel the demand for 3D printing services, further driving market expansion.
Request A Free Sample Of The Global 3D Printing Services Market Report3D Printing Services Market Competitive Landscape
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
Key 3D Printing Services Market Trend
Cloud-based 3D printing services are gaining traction, offering streamlined management of 3D design processes. BCN3D's introduction of cloud management technology centralizes 3D printing operations, enhancing resource utilization and workflow efficiency for various users, from individuals to enterprises.
Get The Full Global 3D Printing Services Market Report3D Printing Services Market Segmentation
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
3D Printing Services Global Market Report 2024 furnishes information about the global 3d printing servicesmarket, encompassing details like market size, projections for growth, segmentation across various sectors and regions, and an overview of competitors, including their revenues, profiles, and market shares. Furthermore, the report pinpoints potential opportunities and strategic directions derived from market trends and the strategies adopted by key competitors. The report also offers an assessment of how the COVID-19 pandemic, the Russia-Ukraine conflict, and increasing inflation have affected both global and regional markets, furnishing valuable strategic insights for businesses.