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The 3D printing services market size is forecast to increase by USD 14.8 billion, at a CAGR of 24.89% between 2023 and 2028. The market's growth is influenced by several pivotal factors. Firstly, there is a rising trend towards customization across diverse industries, driven by consumer demand for personalized products and services. Secondly, substantial investments are flowing into additive manufacturing technologies, particularly in research and development, which are pushing the boundaries of innovation. Thirdly, 3D printing is revolutionizing manufacturing by enabling efficient production of spare parts, reducing lead times and costs. These advancements are not only enhancing operational efficiencies but also facilitating the production of complex designs with greater precision and reliability. As industries increasingly adopt these technologies, they are poised to achieve higher levels of flexibility, sustainability, and cost-effectiveness in their manufacturing processes.
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The market is witnessing significant growth due to the increasing demand for 3D printed parts in various industries. This technology is revolutionizing complex part manufacturing, enabling designers to bring their ideas to life with ease. The process involves creating a digital file of a part and using additive processes to build it layer by layer. 3D printing services offer benefits such as reduced production time, lower material waste, and the ability to produce personalized products. The software and printers used in this process require specialized programming and copyrights, licensing, and patenting considerations. Resin 3D printers are popular in the market due to their ability to produce high-quality, detailed parts. 3D printer filament is another essential component, available in various materials such as PLA, ABS, and TPU. Functional testing is crucial to ensure the quality and durability of the 3D printed parts. Key players in the market include service providers offering design, programming, and printing services. The market is expected to continue growing due to the increasing adoption of 3D printing in industries such as healthcare, automotive, and aerospace. 3D printing services are increasingly being integrated into medical device manufacturing outsourcing, enabling more efficient production and customization of medical devices to meet specific patient needs and improve overall manufacturing processes. The future of 3D printing services lies in the development of advanced software and materials, enabling the production of more complex and functional parts.
Rising customization across various industries is notably driving market growth. The market is witnessing significant growth due to the increasing demand for customized products among consumers. Approximately 25% of online shoppers in the US sought customized items in 2021, and companies are responding by offering tailored solutions to foster customer loyalty. Industries such as jewelry, automotive, and consumer goods are embracing 3D printing technology to create unique and functional parts. Customization is a crucial aspect of 3D printing, allowing the modification of products according to specific customer needs. Consumers can either order customized 3D printed products from service providers or invest in desktop 3D printers for in-house designing and development. The manufacturing process involves creating a digital file of the product design, which is then used in additive processes such as stereolithography, selective laser sintering, or fused deposition modeling. Materials like polymers, metals, and ceramics are used in the hardware segment, while software plays a vital role in designing, printer, inspection, and scanning.
Further, the aerospace and defense sector, automotive industry, and healthcare solutions are significant contributors to the market. The hardware segment includes 3D printer filament, resin 3D printers, and inkjet printers, while the material segment includes polymers, metals, and ceramics. The services segment includes functional testing, standard process control, and 3D printing materials. In conclusion, the market is experiencing significant growth due to the increasing demand for customized products. The technology is being adopted across various industries, including aerospace and defense, automotive, and healthcare solutions. The manufacturing process involves creating a digital file of the product design, which is then used in additive processes to create functional parts, tooling, and prototypes. The software segment plays a crucial role in optimizing the 3D printing process, while the hardware and material segments provide the necessary tools and materials for manufacturing customized products. Thus, such factors are driving the growth of the market during the forecast period.
The growing use of 3D printing in education sector is the key trend in the market. The market encompasses various industries, including aerospace and defense, automotive, and healthcare solutions. In the aerospace and defense sector, 3D printing is utilized for manufacturing functional parts, tooling, and inspection software. Licensing and patenting of 3D printing technologies have become essential for companies in these industries to maintain a competitive edge. Stereolithography is a popular manufacturing technique used in this segment for printing products in polymer, metal, and ceramic materials. In the medical devices industry, 3D printing offers solutions to challenges faced during the designing, manufacturing, and testing phases. For instance, human cadaver models are not ideal for medical education due to inconsistencies in age and disease conditions. Mass-produced medical models may not accurately represent a particular problem. 3D printed objects or models can address these issues, enabling more effective training and education for doctors. The services segment of the 3D printing market includes printer software, scanning software, and functional testing services.
In the hardware segment, 3D printers, such as resin 3D printers and 3D printer filaments, are essential components. The tooling segment and material segment also play crucial roles in the 3D printing process. The manufacturing technique involves the conversion of a digital file into a physical object using additive processes. In the automotive sector, 3D printing is used for prototyping and producing functional parts, while in the defense sector, it is used for producing functional testing fixtures and manufacturing complex components. The healthcare solutions segment benefits from 3D printing through the production of customized medical devices and implants. Inkjet printers are also used in the 3D printing process for creating detailed designs and models. Standard process control and 3D printing materials are essential components in ensuring the quality and consistency of 3D printed products. Thus, such trends will shape the growth of the market during the forecast period.
The high cost of industrial 3D printers and operating industrial 3D printers is the major challenge that affects the growth of the market. The 3D printing services market encompasses various industries, including aerospace and defense, healthcare, automotive, and others. The manufacturing technique involves the use of digital files and additive processes to create functional parts, tooling, and printed products. While the cost of 3D printing is generally higher than traditional manufacturing methods, such as injection molding and CNC machining, the benefits, particularly in industries with complex geometries and customized requirements, outweigh the costs. Metal 3D printing machines, which are commonly used in industries like aerospace and defense, are among the most expensive. For instance, industrial-grade 3D printers, such as Stratasys's Objet1000 Plus, can combine 14 different materials and have a starting price of approximately USD 600,000. The cost of 3D printing also depends on the size of the object being printed, with larger objects incurring higher costs. Besides the cost of procuring 3D printers, there are additional expenses related to the process. These include licensing, patenting, and the cost of 3D printing materials, such as resin 3D printer filament and metal powders. Furthermore, industries like healthcare and aerospace require functional testing, inspection software, and printer software, which add to the overall cost. The tooling segment and material segment, which include hardware and software, are significant contributors to the market's growth.
In the healthcare sector, 3D printing is used to create medical devices, prosthetics, and surgical models. In the automotive sector, 3D printing is used for prototyping, tooling, and functional parts. In the defense sector, 3D printing is used for creating functional parts and prototypes for military equipment. Standard process control and quality assurance are crucial in these industries to ensure the accuracy and reliability of the 3D printed parts. In summary, the market is driven by the increasing demand for functional testing, customized parts, and the ability to produce complex geometries. The market is segmented into hardware, software, and services, with the software segment expected to grow at a significant rate due to the increasing demand for inspection software, printer software, and scanning software. The material segment includes polymer, metal, and ceramic, with metal being the most expensive due to the high cost of raw materials and the complexity of the manufacturing process. The tooling segment is also expected to grow due to the increasing demand for customized tooling in various industries. Hence, the above factors will impede the growth of the market during the forecast period
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
3D Matters - The company is involved in offering 3D printing services which has the technology of cloud based 3D modeling to enhance product design and manufacturing, thus ensure manufacturability with simulation and generative design tools to optimize product as per the client requirement.
The market research and growth report also includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The consumer products segment is estimated to witness significant growth during the forecast period. The market encompasses a wide range of applications, from complex part manufacturing for industries to personalized products for consumers. Designers and engineers leverage 3D printing technology for creating intricate structures and prototyping new designs, reducing the need for expensive tooling equipment and lengthy production processes. In the professional sector, industries such as mechanical engineering, aerospace, and automotive rely on industrial printers for manufacturing complex structural designs with high mechanical properties and structural integrity.
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The consumer products segment was the largest and was valued at USD 1.22 billion in 2018. Metal powders and composite filaments are increasingly being used in additive manufacturing for producing parts with superior thermal behavior and print parameters. The healthcare sector is also witnessing significant growth in 3D printing, with the development of 3D printable medicines and personalized medicine. Localized manufacturing is another key application area, enabling on-demand production and reducing lead times. Fused deposition modeling and thermoplastic materials like polylactic acid, polycarbonate, and polyetherimide are commonly used in desktop printers for prototyping and creating complex geometries. Powder bed fusion and polymer PBF technologies are popular in the production sector for manufacturing large, complex parts, especially in industries such as consumer electronics. Machine calibration, software updates, and printer segmentation continue to evolve, catering to the varying needs of the personal, professional, and production sectors.
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APAC is estimated to contribute 56% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The market encompasses a wide range of applications, from complex part manufacturing for industries to personalized products for consumers. Designers and engineers utilize 3D printing projects for creating intricate structures and complex geometries, particularly in prototyping and tooling equipment production. Print on demand services enable the creation of personalized products, such as customized consumer electronics or personalized medicine in the healthcare sector. 3D printing technologies, including fused deposition modeling and powder bed fusion, offer unique advantages for manufacturing complex structural designs with high mechanical properties and structural integrity.
In addition, metal powders and composite filaments are increasingly used for industrial applications, while polylactic acid, polycarbonate, and polyetherimide are popular choices for thermoplastic materials. Production expenses are influenced by various factors, including print parameters, machine calibration, software updates, and printer segmentation. Desktop printers cater to the personal sector, while industrial printers serve the professional and production sectors. Prototyping applications, particularly in consumer electronics, continue to drive market growth. Additive manufacturing, including polymer PBF, offers significant benefits for producing complex geometries and customized parts. The thermal behavior and print parameters of various materials play a crucial role in ensuring successful 3D printing projects. Regular software updates and machine calibration are essential for maintaining optimal performance and accuracy.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD Billion " for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.
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The market is witnessing significant growth due to the increasing demand for complex part manufacturing and personalized products. Designers and businesses are leveraging 3D printing for creating intricate structures and designs that were previously difficult or impossible to produce using traditional manufacturing methods. 3D printing enables print on demand production, reducing inventory costs and lead times. Complex structural designs, mechanical properties, and structural integrity are key considerations in 3D printing. Metal powders and composite filaments are popular materials used in this process. The thermal behavior and print parameters play a crucial role in ensuring the desired mechanical properties and structural integrity. 3D printing is also revolutionizing industries such as healthcare with the production of 3D printable medicines and personalized medicine.
In addition, the localized manufacturing is another area where 3D printing is gaining traction, reducing production expenses and lead times. The market can be segmented into the printer segment, which includes desktop printers and industrial printers, and the application segment, which includes prototyping and production. Fused deposition modeling and powder bed fusion are popular 3D printing technologies used in various industries, including consumer electronics and prototyping applications. Machine calibration, software updates, and programming are essential aspects of 3D printing services. The market is expected to grow further with advancements in additive manufacturing technologies and the increasing adoption of polylactic acid, polycarbonate, and polyetherimide in various industries.
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Market Scope |
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Report Coverage |
Details |
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Page number |
159 |
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Base year |
2023 |
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Historic period |
2018 - 2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 24.89% |
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Market Growth 2024-2028 |
USD 14.8 billion |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
20.79 |
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Regional analysis |
APAC, Europe, North America, South America, and Middle East and Africa |
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Performing market contribution |
APAC at 56% |
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Key countries |
China, US, Japan, South Korea, and Germany |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
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., and voxeljet AG |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for market forecast period |
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Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
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