What is the present valuation and projected CAGR of the 3d printing services market?
The 3D printing services market size has grown exponentially in recent years. It will grow from $7.41 billion in 2024 to $9.09 billion in 2025 at a compound annual growth rate (CAGR) of 22.7%. The growth in the historic period can be attributed to rapid prototyping, cost efficiency, medical advancements, design flexibility, education and research.
The 3D printing services market size is expected to see rapid growth in the next few years. It will grow to $16.97 billion in 2029 at a compound annual growth rate (CAGR) of 16.9%. The growth in the forecast period can be attributed to digital twinning and prototyping, augmented and virtual reality integration, metal and composite printing, expansion in aerospace and automotive, 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.
Get Your Free Sample of The Global 3D Printing Services Market Report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=3102&type=smp
What key drivers have fueled the 3d printing services market’s development over the years?
Reduction in manufacturing cost and process downtime contributed to the growth of the 3D printing services market. 3D printing technology helps companies greatly reduce their manufacturing costs, reduce downtime and minimize waste. With the use of 3D printing for prototyping, companies can significantly lower the cost of developing new products. The minimal labor/workforce involved in this process also contributes to the low manufacturing costs. Due to 3D printing the manufacturing time can be reduced from months to days. For instance, to print a phone case it takes around 20 minutes, and similarly a 2*4 Lego can be printed in 4 minutes. Therefore, reduction in manufacturing costs and process downtime increased demand for the 3D printing services market.
What is the segmentation for the 3d printing services market?
The 3D printing services market covered in this report is segmented –
1) By Service Offering: Tooling, Parts Production, Software Services, System Maintenance, Expert Service
2) By Application: Prototyping, Tooling, Functional Parts Manufacturing
3) By End user: Consumer Products, Automotive, Healthcare, Aerospace And Defense
Subsegments:
1) By Tooling: Mold Tooling, Die Tooling, Functional Tooling
2) By Parts Production: Prototyping, End-Use Parts Production, Low-Volume Manufacturing
3) By Software Services: 3D Modeling Software, Design And Simulation Software, Printing Software
4) By System Maintenance: Preventive Maintenance, On-Demand Support And Repairs, System Upgrades
5) By Expert Service: Design Consultation, Material Selection Advice, Process Optimization Services
Order your report now for swift delivery
https://www.thebusinessresearchcompany.com/report/3d-printing-services-global-market-report
Who are the most influential companies in the 3d printing services market?
Major companies operating in the 3D printing services market include 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
What are the top industry trends projected to impact the 3d printing services market?
Major companies operating in the 3D printing services market are focused on sustainable 3D printing experience centers to to promote eco-friendly practices, reduce material waste, and demonstrate innovative, energy-efficient technologies that align with environmental sustainability goals. Sustainable 3D printing experience centers are dedicated spaces where companies showcase and demonstrate environmentally conscious 3D printing technologies and practices. For instance, in April 2022, WOL3D, an India-based 3D printing service company has launched the country’s first Sustainable 3D Printing Experience Centre in Lalbagh, Mumbai. This innovative facility aims to make 3D printing more accessible and engaging for consumers, allowing them to interact with various technologies firsthand. The centre not only showcases technology but also emphasizes education. Visitors can attend workshops and crash courses to deepen their understanding of 3D printing and its applications.
What are the major regional insights for the 3d printing services market, and which region holds the top position?
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
What Does The 3D Printing Services Market Report 2025 Offer?
The 3d printing services market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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.
Purchase the exclusive report now to unlock valuable market insights:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=3102
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.
Our flagship product, the Global Market Model, is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
