The Business Research Company 3D Printing Services Global Market Report 2022 – Global Market Size, Trends and Forecast 2022-2026
LONDON, GREATER LONDON, UK, March 10, 2022 /EINPresswire.com/ — 3D printing service providers are implementing cloud-based 3D printing services. The cloud-based 3D printing management platform can be used by any individual, business, school, and service office to securely render, repair, store 3D design, and deliver 3D design to 3D printer with full data tracking and analysis. key trends in the 3D printing services industry. It will form a crucial platform solution with capabilities to simplify the user’s workflow by ensuring compatibility with a wide variety of software applications and materials.
In December 2021, Stratasys Ltd., an American-Israeli manufacturer of 3D printers and 3D production systems, signed an agreement to acquire 3D printing startup Origin Inc. for a total consideration of up to 100 million dollars. dollars, including cash and stock. The acquisition will allow Stratasys to use Origin’s photopolymer platform and its extensive materials ecosystem to expand into the mass-production parts segment with a next-generation photopolymer platform.
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The global 3D printing services market size is expected to grow from $4.06 billion in 2021 to $4.98 billion in 2022 at a compound annual growth rate (CAGR) of 22.7%. The 3D printing services market is expected to reach $10.66 billion in 2026 with a CAGR of 20.9%.
The reduction in manufacturing costs and process downtime has contributed to the growth of the 3D printing services industry. 3D printing technology helps companies dramatically reduce manufacturing costs, reduce downtime and minimize waste. With the use of 3D printing for prototyping, companies can significantly reduce the cost of developing new products. The minimal labor/manpower involved in this process also contributes to low manufacturing costs. Thanks to 3D printing, the manufacturing time can be reduced from several months to a few days. For example, to print a phone case, it takes about 20 minutes, and similarly a Lego 2*4 can be printed in 4 minutes. According to the analysis of the global 3D printing services market, the reduction in manufacturing costs and process downtime have increased the demand for the market.
Key players covered in the global 3D printing services industry are 3D Systems Corporation, Stratasys, Materialize NV, ExOne, Arcam, ProtoLabs – 3D Rapid Prototyping Company, HP Inc., SLM Solutions Group, ARC Group Worldwide and Carbon.
TBRC’s global 3D printing services market segmentation is split by service offering into tooling, parts production, software services, system maintenance, expert service, by end user into consumer products, automotive, healthcare , aerospace and defense, by application in prototyping, tooling, manufacturing of functional parts.
Global 3D Printing Services Market Report 2022 – By Service Offering (Tooling, Parts Production, Software Services, System Maintenance, Expert Service), By End User (Consumer Products, Automotive, Healthcare, Aerospace) and Defense), by Application (Prototyping, Tooling, Functional Parts Manufacturing) – Global Market Size, Trends and Forecasts 2022-2026 is part of a series of new reports from The Business Research Company that provides an overview of the services market 3D Printing Services, forecast 3D Printing Services market size and growth for overall market, 3D Printing Services market segments, geographies, 3D Printing Services market trends, drivers of the 3D printing services market, constraints, revenues, profiles and market shares of the main competitors.
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