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3D Printing Services Market, 2022 - Market to Grow at a CAGR of 28%

/EIN News/ -- Dublin, Jan. 18, 2018 (GLOBE NEWSWIRE) -- The "3D Printing Services Market - Global Outlook and Forecast 2017-2022" report has been added to ResearchAndMarkets.com's offering.

The market is expected to cross $13 billion, growing at a CAGR more that 28% during 2016-2022.

With the growing adoption of 3D printing technology in the manufacturing industry, the production process will change fundamentally in the new future. Rise of Manufacturing-as-a-Service (MaaS), reduction of waste and resource improvement are among the few notable transformations that this printing technology offers, which in return will boost the market.

The report provides a holistic view of the global market, the companies involved in the market, and the factors driving its growth. It also provides information on some of the latest trends that have started to surface and are likely to become strong market driving forces over the next five years. This report also provides the Porter's Five Forces analysis along with a description of each force and its impact on the market. Further, the report also provides complete value chain analysis of the global market.

3D Printing Services Market: Key Vendor Analysis

International players are likely to grow inorganically by acquiring regional or local players.

The competitive scenario in the global market is intensifying. The rapidly changing technological environment could adversely affect vendors as end-users expect continual innovations and upgrades.

3D Printing Services Market Dynamics

Increasing vertical applications of 3D printing to drive the growth

The growth in 3D printing service outsourcing, increased investment in the printing domain, and high influence of internet on service revenue generation are the key factors that are going to drive the market growth during the forecast period. The emergence of cloud-based 3D printing service providers, increased vertical applications, and improved market consolidation are among the latest trends that are going to drive the market. The report also outlines the upcoming challenges the market is going to face during the forecast period. It also includes Porter's Five Force analysis and its impact on the market.

3D Printing Services Market: Segmental Overview

Healthcare is the fastest growing segment.

The market is dominated by the extrusion segment and is witnessing increased demand from the manufacturing industry in developed countries such as the US and Germany. The extrusion segment was followed by the vat photopolymerization segment. Vat photopolymerization is one of the oldest technology used in the 3D printing services market, and the segment is witnessing growth as the demand for 3D printers is surging globally.

The adoption of the advanced printing technology in the aerospace industry is growing, and the market is likely to witness the maximum contribution from the segment in 2022. The consumer products segment was followed by the aerospace and defense segment which accounted for 16.96% market share in 2016. The healthcare segment is expected to be the fastest growing segment of the 3D printing services market during the forecast period as new innovations in 3D printing technology are making their way into various healthcare sectors.

3D Printing Services Market: Geographical Analysis

North America to be the largest market.

Globally, North America is the largest market for industrial automation, and the market is growing rapidly. This is expected to drive the demand for 3D printing services in the region. Europe, which was the second largest market for 3D printing services, was led by Germany, the UK, and Italy, where 3D printer penetration is more and the sale of these devices is high. The automotive and healthcare industries are driving the demand for 3D printing services in the region. APAC and MEA are also going to witness a surge in the growth of the market.

Key Topics Covered:

1 Research Methodology

2 Research objectives

3 Research Process

4 Report Coverage
4.1 Market Definition
4.2 Base Year
4.3 Scope of Study
4.3.1 Market Segmentation by Technology Type
4.3.2 Market Segmentation by Service Offerings
4.3.3 Market Segmentation by End-user Type
4.3.4 Market Segmentation by Geography

5 Report Assumptions & Caveats
5.1.1 Inclusions
5.1.2 Exclusions
5.2 Currency Conversion rate
5.3 Market Derivation

6 Market at a Glance

7 Introduction
7.1 Introduction
7.2 Advantages of 3D Printing
7.3 Macroeconomic Factors Driving Market Growth
7.3.1 Per Capita GDP in Developing Markets
7.3.2 Dual-income Households in Developed Markets

8 Market Dynamics
8.1 Market Growth Enablers
8.1.1 Growth in 3D Printing Service Outsourcing
8.1.2 Increased Investment in 3D Printing Domain
8.1.3 High Influence of Internet on Service Revenue Generation
8.1.4 YOY Impact of Market Growth Enablers
8.1.5 YOY Impact of Market Growth Enablers on Geographies
8.2 Market Growth Restraint
8.2.1 High Cost of Industrial 3D Printers
8.2.2 Volatility in Costs of 3D Printing Consumables
8.2.3 Lack of Skillset and High Production Time
8.2.4 YOY Impact of Market Restraints
8.2.5 YOY Impact of Market Restraints on Geographies
8.3 Market Opportunities & Trends
8.3.1 Emergence of Cloud-based 3D Printing Service Providers
8.3.2 Increasing Vertical Applications of 3D Printing
8.3.3 Growing Market Consolidation
8.3.4 YOY Impact of Trends and Opportunities
8.3.5 YOY Impact of Trends and Opportunities on Geographies
8.3.6 Sensitivity Analysis of Key Market Trends and Opportunities

9 Value Chain Analysis
9.1 Value Chain of 3D Printing Services Market

10 Global 3D Printing Services Market
10.1 Historical Data 2014-2015
10.2 Market Size and Forecast 2016-2022
10.3 Porter's Five Forces Analysis
10.3.1 Threat of New Entrants
10.3.2 Bargaining Power of Suppliers
10.3.3 Bargaining Power of Buyers
10.3.4 Threat of Substitutes
10.3.5 Competitive Rivalry

11 3D Printing Services Market By Technology
11.1 Market Overview
11.2 Market Size and Forecast
11.2.1 Extrusion
11.2.2 Jetting
11.2.3 Powder Bed Fusion
11.2.4 Vat Photopolymerization
11.2.5 Others

12 3D printing Services Market By End-User
12.1 Market Overview
12.2 3D Printing Services Market - Aerospace and Defense Industry
12.2.1 Market Size and Forecast
12.3 3D Printing Services Market - Consumer Products Industry
12.3.1 Market Size and Forecast
12.4 3D Printing Services Market - Automotive Industry
12.4.1 Market Size and Forecast
12.5 3D Printing Services Market - Industrial Machinery Industry
12.5.1 Market Size and Forecast
12.6 3D Printing Services Market - Healthcare Industry
12.6.1 Market Size and Forecast
12.7 3D Printing Services Market - Other End-users
12.7.1 Market Size and Forecast

13 Market Segmentation - By Service Offerings

Key Company Profiles

  • 3D Systems
  • Stratasys Ltd.
  • Materialise
  • Proto Labs

Other Prominent Companies

  • 3D Hubs
  • ARC Group Worldwide
  • Arcam (GE)
  • Carbon
  • Concept Laser (GE)
  • EnvisionTEC
  • EOS
  • GE Additive
  • Groupe Gorg
  • Hgans
  • HP
  • Kraftwurx
  • Makexyz
  • Markforged
  • Mcor Technologies
  • Optomec
  • Ponoko
  • ReaLizer
  • Renishaw
  • Sculpteo
  • Shapeways
  • SLM Solutions Group
  • The ExOne Company
  • Voxeljet

For more information about this report visit https://www.researchandmarkets.com/research/42mjzk/3d_printing?w=12



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