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The 3d printing services market size is valued to increase by USD 14.8 billion, at a CAGR of 24.89% from 2023 to 2028. Rising customization across various industries will drive the 3d printing services market.
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In the dynamic realm of 3D printing services, businesses harness advanced technologies to revolutionize manufacturing processes. Compared to traditional methods, 3D printing enables a 50% reduction in prototyping lead times and a 30% decrease in material waste. This agility translates to swift ROI improvement and alignment with compliance requirements. Three-dimensional printing applications span various industries, from additive manufacturing processes like Fused Deposition Modeling (FDM) and Selective Laser Sintering (SLS), to metal 3D printing via Binder Jetting and Direct Metal Laser Melting. Advanced post-processing techniques, such as surface finishing and support structure removal, further enhance the quality of custom parts. Polymer 3D printing with resin and filaments, as well as Metal 3D printing, cater to diverse material compatibility needs. Integration of CAD software and CAM software streamlines the design-to-manufacturing process, while 3D scanning services facilitate reverse engineering. On-demand manufacturing and print speed optimization enable businesses to produce custom parts efficiently, ultimately driving innovation and growth.
The surge in customization trends across multiple industries is the primary catalyst fueling market growth.
The growing utilization of 3D printing in the education sector represents a notable market trend. This sector's increasing adoption of 3D printing technology signifies a significant market development.
The high cost of acquiring and operating industrial-grade 3D printers poses a significant challenge to the growth of the industry.
The 3d printing services industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The consumer products segment is estimated to witness significant growth during the forecast period.
The market is experiencing exponential growth, driven by the increasing demand for customization in various industries. In the consumer sector, the production of customized jewelry, clothing, toys, and accessories has seen significant growth. Notably, footwear companies like Adidas and Nike are embracing 3D printing technology for manufacturing midsoles of sneakers. In October 2020, Adidas launched the 'STRUNG' sneaker range with Carbon's 3D printed Futurecraft insoles. Nike's Flyprint technology produces 3D printed textiles for the upper part of performance footwear. Beyond footwear, industries like aerospace, healthcare, and automotive are also adopting additive manufacturing processes, such as selective laser sintering, binder jetting, and fused deposition modeling, for custom part production.
With advancements in 3D scanning services, CAD software integration, and print speed optimization, the market is expected to continue its growth trajectory. For instance, layer thickness control in resin 3D printing has improved by 20%, enabling better material compatibility and precision in additive manufacturing applications.
The Consumer products segment was valued at USD 1.22 billion in 2018 and showed a gradual increase during the forecast period.
APAC is estimated to contribute 56% to the growth of the global market during the forecast period.Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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The market is experiencing significant evolution, with key applications spanning various industries. North America and Europe dominate the market share, but the Asia Pacific region holds immense potential for growth. This is due to the increasing emphasis on additive manufacturing by governments and industry participants in sectors such as automotive. For instance, 12 Chinese central government agencies collaborated to issue the additive manufacturing industry development action plan, aiming to promote the technology's use and generate approximately USD3 billion in sales revenue from the industry by 2020.
The adoption of 3D printing technology offers operational efficiency gains and cost reductions, making it an attractive alternative to traditional manufacturing methods. This growth trend is expected to continue as more industries recognize the benefits of this technology.
Customer Landscape of 3D Printing Services Industry
Companies are implementing various strategies, such as strategic alliances, 3d printing services market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
3D Matters - 3D printing services provider leverages cloud-based 3D modeling technology to optimize product design and manufacturing. Simulation and generative design tools ensure manufacturability and client specifications, enhancing the overall process.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Dive into Technavio’s robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled 3D Printing Services Market insights. See full methodology.
Market Scope |
|
Report Coverage |
Details |
Page number |
159 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 24.89% |
Market growth 2024-2028 |
USD 14796.5 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
20.79 |
Key countries |
China, US, Japan, South Korea, and Germany |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
"Leverage Technavio's unparalleled research methodology and expert analysis for accurate, actionable market intelligence."
The market is experiencing significant growth as businesses increasingly leverage this technology for optimizing production processes and reducing time-to-market. One key aspect of 3d printing services is the meticulous selection and application of parameters to ensure high resolution and superior quality. This includes the careful calibration of printing parameters for various materials to achieve the desired strength and surface finish, as well as the implementation of post-processing techniques to further enhance surface quality. To minimize production time, support structures for complex geometries must be managed effectively, and dimensional accuracy must be ensured in 3d printed parts through precise control of layer height and careful management of warping during the printing process. In the realm of rapid prototyping, 3d printing services offer unparalleled agility, enabling businesses to quickly iterate and refine product designs. Quality control measures are essential in 3d printing services, with CAD software integration streamlining workflows and ensuring consistency. As the market becomes increasingly competitive, businesses are also focusing on reducing costs per part in large-scale 3d printing operations. Comparing different 3d printing technologies for specific applications is crucial, as is analyzing the mechanical properties, thermal stability, and chemical resistance of various 3d printed polymers. Improving build volume capacity for larger prints and measuring dimensional accuracy using metrology tools are also critical considerations. By addressing these factors, businesses can optimize their supply chains, enhance operational planning, and maintain compliance with industry standards. Ultimately, the market offers a competitive edge in terms of flexibility, speed, and cost savings, making it an indispensable tool for businesses across industries.
What is the expected growth of the 3D Printing Services Market between 2024 and 2028?
USD 14.8 billion, at a CAGR of 24.89%
What segmentation does the market report cover?
The report is segmented by End-user (Consumer products, Automotive, Aerospace and defense, Healthcare, and Others) and Geography (APAC, Europe, North America, South America, and Middle East and Africa)
Which regions are analyzed in the report?
APAC, Europe, North America, South America, and Middle East and Africa
What are the key growth drivers and market challenges?
Rising customization across various industries, High cost of industrial 3D printers and operating industrial 3D printers
Who are the major players in the 3D Printing Services Market?
3D Matters, 3D Spectra Technologies LLP, 3D Systems Corp., Autodesk Inc., Computer Aided Technology, Desktop Metal Inc., FORECAST 3D, General Electric Co., Makelab Inc., MATERIALISE NV, Moddler, Proto Labs Ltd., ProtoCAM, Sculpteo Inc., SHAPEWAYS HOLDINGS INC., STPL Group, Stratasys Ltd., think3D, Vexma Technologies Pvt Ltd., and voxeljet AG
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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