Global D Printing Services Market Overview
3D printing, also known as desktop fabrication or additive printing technology, allows manufacturers to develop objects using a digital file and various printing materials. The materials used in 3D Printed Service Market include several types of polymers, metals, and ceramics. 3D printing offers methodologies that can make manufacturing of complex designs an apparent reality.
Drivers and Restraints:
The major factors driving the growth of global 3D printing service market involves ease in development of customized products, reduction in manufacturing cost and process downtime. In addition, government investments in 3D printing projects, and development of new industrial-grade 3D printing materials are driving the growth of the global 3D printing service market. The detailed resolution, cost-efficient production, and quick and easy handling also increase the growth of market globally. The rising customization across various industries also further help in growth of global market, as Consumers are increasingly demanding customized products. Companies are also willing to cater to the evolving demand of consumers for fostering brand loyalty. Jewelry, automotive and consumer products are increasingly adopting the 3D printing technique to customize products, in turn, boosting the demand for 3D printing services in the forthcoming years. The growing application of 3D printing in the education sector, particularly, in the medical education sector is expected to drive the global 3D printing services market. On the contrary, high cost of 3D printing, and scarcity of skilled labors hamper the growth of the target market. In addition, data insecurity will also be restrain to the global market. Whereas, Researchers have been improving around with 4D printing which allows to designers add shape memory to designs, this provides opportunities to rise market of global 3D printing market.
Segmentation:
The global 3D printing services market is segmented based on technology, component, end user, and region.
Based on technology, the market is segmented into the SLA, FDM, SLS, EBM, DLP, and others. Based on component the global market is classified into hardware, software, and services. On the basis of end user, the target market is bifurcated into automotive, healthcare, industrial, consumer electronics, aerospace and defense, and others.
Based on the region the global 3D printing services market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in North America region was the highest contributor to the global market. This region has witnessed a considerable growth of the 3D printing owing to the steady economic growth in the region.
Key Players:
The key players operating the global 3D printing services market involves Stratasys, 3D Systems, EOS Gmbh,, GE Additive, Materialise, SLM Solutions, ExOne, Voxeljet, HP, Essentium Inc. Prominent players operating in the target market are focusing on strategic partnerships as well as the launching of the products to gain a competitive edge in the target market. For instance, in October 2019, a Texas-based 3D printer provider, Essentium Inc. has announced the expansion of the High-Speed Extrusion (HSE) 3D printing platform owing to increasing demand. The company is also scaling HSE FDM 3D printer production, expanding operations across the globe, also stimulating material development.
Detailed Segmentation:
Global 3D Printing Services Market, By Technology:
- SLA
- FDM
- SLS
- EBM
- DLP
- Others
Global 3D Printing Services Market, By Component:
- Hardware
- Software
- Services
Global 3D Printing Services Market, By End User:
- Automotive
- Healthcare
- Industrial
- Consumer electronics
- Aerospace and defense
- Others
Global 3D Printing Services Market, By Region:
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- North America
- North America 3D Printing Services Market, By Technology
- North America 3D Printing Services Market, By Component
- North America 3D Printing Services Market, By End User
- North America 3D Printing Services Market, By Country
- U.S.
- Canada
- Europe
- Europe 3D Printing Services Market, By Technology
- Europe 3D Printing Services Market, By Component
- Europe 3D Printing Services Market, By End User
- Europe 3D Printing Services Market, By Country
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Asia Pacific 3D Printing Services Market, By Technology
- Asia Pacific 3D Printing Services Market, By Component
- Asia Pacific 3D Printing Services Market, By End User
- Asia Pacific 3D Printing Services Market, By Country
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Latin America 3D Printing Services Market, By Technology
- Latin America 3D Printing Services Market, By Component
- Latin America 3D Printing Services Market, By End User
- Latin America 3D Printing Services Market, By Country
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Middle East & Africa 3D Printing Services Market, By Technology
- Middle East & Africa 3D Printing Services Market, By Component
- Middle East & Africa 3D Printing Services Market, By End User
- Middle East & Africa 3D Printing Services Market, By Country
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- North America
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Company Profile:
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- Stratasys
- Company Overview
- Stratasys
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- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
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- 3D Systems
- EOS Gmbh
- GE Additive
- Materialise
- SLM Solutions
- ExOne
- Voxeljet
- HP
- Essentium Inc.
“*” marked represents similar segmentation in other categories in the respective section