The global 3D printing services market is expected to cross $13billion by 2022

LONDON, Nov. 28, 2017 /PRNewswire/ -- 3D Systems, Stratasys, Materialise, and Proto Labs are the leading players in the global 3D printing services market. The market is expected to cross $13billion by 2022, growing at a CAGR of more than 28% during 2016–2022.

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The healthcare segment is expected to be the fastest growing segment and aerospace and defense will remain the dominant segment in terms of end-user. Similarly, in terms of service offerings, the tooling and part production segment is going to be the major segment by having the maximum market share. North America to remain the largest market followed by Europe.

Report Timeline
• Base Year: 2016
• Forecast Year: 2017–2022

Scope of the Report
The study considers the present scenario of the global 3D printing services market and its market dynamics for the period 2017?2022. It covers a detailed overview of various market growth enablers, restraints and trends. The study covers both the demand and supply sides of the market. It also profiles and analyzes the leading four companies and various other prominent companies operating in the market.
The report provides the analysis of the key segments of the market by technology, end-user, services, geography, and vendors. It provides a detailed analysis of revenue from various segments:

Technology Types
• Extrusion
• Jetting
• Power bed fusion
• Vat photopolymerization
o Stereolithography (SLA)
o Continuous liquid interface production (CLIP)
o Digital light processing (DLP)
o Others

Services Offerings
• Tooling and parts production
• Rapid prototyping
• Software services
• System maintenance
• Expert services

End-users
• Industrial machinery
• Aerospace and defense
• Healthcare
• Automotive
• Consumer products
• Others

Geography
• APAC
• Europe
• North America
• ROW

The 3D printing services market comprise services rendered by 3D printing service providers to companies in the form of rapid prototyping; 3D printed parts and components produced on 3D printers; software services such as software updates and upgrades; system maintenance contracts; training; contract research; and consulting services.

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 market is expected to cross $13 billion, growing at a CAGR more that 28% during 2016–2022.
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.
Major vendors profiled in the report are 3D Systems, Stratasys, Materialise and Proto Labs.
Other vendors include ARC Group Worldwide, Arcam (GE), Carbon, Concept Laser (GE), Cookson Precious Metals, EnvisionTEC, GE Additive, Groupe Gorgé, Höganäs, HP, Markforged, Mcor Technologies, Optomec, ReaLizer, Renishaw, SLM Solutions Group, , The ExOne Company, Voxeljet.

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.

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