The report "3D Printing Market by Offering (Printer, Material, Software, Service), Process (Binder Jetting, Direct Energy Deposition, Material Extrusion, Material Jetting, Powder Bed Fusion), Application, Vertical, Technology and Region - Global Forecast to 2028" The 3D printing market is estimated to grow from USD 15.0 billion in 2023 to USD 34.5 billion by 2028, at a CAGR of 18.1%. Some key factors attributing to the growth of 3D printers involve ease in developing tailored products, decrease in manufacturing cost and process downtime, government investments in 3D printing projects, and advancements in industrial-grade 3D printing materials.
Browse 184 market data Tables and 53 Figures spread through 296 Pages and in-depth TOC on "3D Printing Market by Offering (Printer, Material, Software, Service), Process (Binder Jetting, Direct Energy Deposition, Material Extrusion, Material Jetting, Powder Bed Fusion), Application, Vertical, Technology and Region - Global Forecast to 2028"
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Services segment is expected to have second largest share of the 3D printing market in 2023.
The 3D printing services are broadly classified into two types: after-sales and custom design and manufacturing. After-sales services include a warranty, maintenance, software, and training. Custom design and manufacturing services include contract manufacturing (outsourcing of quick parts or end parts production); design services; online platform services including content creation tools, cloud or online printing services, licensing, and others for third parties. Protolabs (US), Shapeways (US), ARC Group (US), 3D Hubs (Netherlands), and Sculpteo (France) are some of the 3D printing service providers known to provide on-demand 3D printing services.
SLA technology is projected to have second largest share of 3D printing market in 2023.
SLA-based 3D printing is used to create anatomical models, lightweight concept models, architectural models, urethane casting patterns, and large investment cast patterns. 3D Systems (US), Form Labs (US), Autodesk (US), and 3D Ceram (France) are some of the major companies offering 3D printers based on the SLA technology and services related to them. SLA is ideal for concept models, form and fit studies, and investment casting patterns, as the technology provides a high-quality surface finish.
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Healthcare vertical is projected to have second largest share of 3D printing market in 2023.
Several medical products, such as surgical equipment, prosthetics, implants, and tissue engineering, are manufactured through 3D printing technologies. Apart from these, 3D printing is also used in orthopedic, dental, and craniomaxillofacial medical applications. New and improved technologies, financial support from the governments, and rapid product development at low costs are the major drivers that affect the market. In September 2021, Nexa3D, a developer of ultrafast polymer 3D printers, partnered with Henkel, a provider of functional polymers, to manufacture a 3D-printed connected SKOP stethoscope for WeMed company.
North America to hold the largest share of 3D printing market in 2023.
North America is projected to hold the largest share of the 3D printing market during the forecast period. North America is a highly attractive market for the 3D printing market for the education vertical. The industry is adopting 3D printing systems to bring awareness about this new manufacturing method among students worldwide. 3D printing involves selecting materials based on the application and technology used to produce a product. In 2022, MakerBot, a 3D printing provider company, donated the MakerBot SKETCH, MakerBot METHOD X, MakerBot Replicator 3D printers, and 3D printing materials to several educational organizations that support underserved and low-income communities across the US.
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Major players operating in the 3D printing market are Stratasys (US), Materialise (Belgium), 3D Systems (US), EOS GmbH (Germany), GE (US), Voxeljet (Germany), HP (US), SLM Solutions (Germany), CleanGreen3D Limited (Ireland), Protolabs (US), Optomec (US), Groupe Gorgé (France), Ultimaker (The Netherlands), Renishaw (UK), Beijing Tiertime Technology (China), XYZprinting (Taiwan), Desktop Metal (US), TRUMPF (Germany), Nano Dimension (Israel), Formlabs (US), Markforged (US), and Carbon (US).
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The Business Research Company published its 3D Printing Services Global Market Report 2020 which provides strategists, marketers and senior management with the critical information they need to assess the global 3D Printing Services market.
The report provides in-depth analysis of the impact of COVID-19 on the market, along with revised market numbers due to the effects of the coronavirus.The report covers the 3D Printing Services market’s segments-1) By Service Offering: Tooling, Parts Production, Software Services, System Maintenance, Expert Service2) By End User: Consumer Products, Automotive, Healthcare, Aerospace & Defense.
View Complete Report:https://www.thebusinessresearchcompany.com/report/3d-printing-services-market-global-report-2020-30-covid-19-growth-and-change3D Printing Services Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies.
The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market.
The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it.
The market is then expected to recover and reach $10.45 billion in 2023 at CAGR of 25.57%.3D printing services providers are implementing Cloud-based 3D printing services.
