Authored By: Sarah
11 Jul 2024

 3D Printing Services Market Size to grow by USD 14796.5 million between 2024-2028

According to a research report “ 3D Printing Services Market” by End-user (Consumer products, Automotive, Aerospace and defense, Healthcare, Others) Geography (APAC, Europe, North America, South America, Middle East and Africa)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 14796.5 million, at a CAGR of  24.89% during the forecast period. In today's market, consumer demand for customized products is on the rise. Approximately 25% of US online shoppers sought customized items in 2021. To foster brand loyalty and meet this demand, industries such as jewelry, automotive, and consumer goods are embracing 3D printing technology. Customization is a crucial process that involves tailoring products to meet specific customer needs. Consumers are increasingly opting for customized 3D printed products, either by purchasing from companies offering bespoke solutions or investing in desktop 3D printers to create their unique designs in-house. This trend underscores the importance of adaptability and innovation in business strategies.

Browse market data tables, figures, and in-depth TOC on “3D Printing Services Market” by End-user (Consumer products, Automotive, Aerospace and defense, Healthcare, Others) Geography (APAC, Europe, North America, South America, Middle East and Africa) Global Forecast to 2028. Download Free Sample

 

By End-user, the Consumer products segment is projected to dominate the market size in 2024

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By Geography, APAC  segment is expected to hold the largest market size for the year 2024

The 3D printing services market is experiencing significant growth due to the increasing adoption of additive manufacturing technology in various industries. This technology offers numerous benefits, including reduced production time, lower material waste, and design freedom. Key sectors driving market expansion include healthcare, automotive, and aerospace. Companies are investing heavily in advanced 3D printing solutions to streamline production processes and gain a competitive edge.

APAC is forecasted to hold the largest market size by region in 2024

The 3D printing services market is experiencing significant growth, driven by advancements in technology and increasing adoption across various industries. Businesses are leveraging 3D printing for rapid prototyping, custom manufacturing, and production of complex components. Key trends include the integration of Industry 4.0 technologies, expanding material options, and growing focus on sustainability. Market leaders are investing in research and development to enhance capabilities and expand their offerings.

The 3D Printing Services Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:

  • 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.
  • voxeljet AG
.

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Research Analysis Overview

The 3D printing services market is experiencing significant growth as businesses and individuals increasingly turn to additive processes for functional testing, prototyping, and even manufacturing complex parts. 3D printing services offer access to advanced technologies such as Resin 3D printers, which use liquid resin to create intricate and detailed models. Functional testing plays a crucial role in the 3D printing services industry, ensuring the quality and performance of 3D printer filament, printers, and software. Designers and manufacturers can license and patent their digital files, protecting intellectual property through copyrights. 3D printing projects require specialized software and programming skills, making the expertise of 3D printing services invaluable. Personalized products, from custom jewelry to medical implants, are a growing segment of the market. As the industry continues to evolve, the importance of 3D printing services in complex part manufacturing and product development will only increase.

Market Research Overview

The 3D printing services market is experiencing significant growth, particularly in sectors like healthcare solutions, automotive, and defense. This growth is driven by the use of advanced 3D printing materials, such as ceramics, metals, and polymers, in additive processes like stereolithography, fused deposition modeling, and powder bed fusion. The market is segmented into hardware, software, and services. The hardware segment includes 3D printers, filaments, and resins, while the software segment includes scanning software, printer software, and inspection software. The services segment offers designing, prototyping, and manufacturing services. The healthcare sector is leveraging 3D printing for medical devices, personalized medicine, and 3D printable medicines. The automotive sector is using it for functional parts, tooling, and prototyping applications. The defense sector is utilizing it for complex geometries and structural designs. The prototyping segment dominates the market, but the production sector is expected to grow rapidly. Industrial printers are used in the production sector, while desktop printers cater to the personal sector. Standard process control, functional testing, and machine calibration are essential for ensuring the structural integrity and mechanical properties of 3D printed parts. Software updates and printer parameters also play a crucial role in optimizing the thermal behavior and localized manufacturing. Key players in the market include Stratasys, 3D Systems, and HP. They offer a range of 3D printing solutions, from inkjet printers to industrial printers, and provide services like designing, programming, and print on demand. The market is expected to continue growing due to the increasing demand for complex structural designs and personalized products. Patenting and licensing are also important considerations for companies in the 3D printing industry. The use of composite filaments, metal powders, and thermoplastic materials requires careful consideration of intellectual property rights and material properties. In conclusion, the 3D printing services market is a dynamic and growing industry, with applications in various sectors, including healthcare, automotive, defense, aerospace and defense, consumer electronics, and the production sector. The use of advanced materials and manufacturing techniques, such as polyetherimide, polycarbonate, polylactic acid, and powder bed fusion, is driving innovation and growth in the market. However, standard process control, functional testing, and machine calibration are essential for ensuring the quality and reliability of 3D printed parts.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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