- The market research report offers a breakdown of market shares by end-users (consumer products, automobile, healthcare, and aerospace & defence), and by geography (Americas, EMEA, and APAC). It also includes a comprehensive analysis of leading vendors such as 3D Systems, Arcam, ExOne, and Stratasys.
Technavio analysts forecast the 3D Printing Services Market: Global Trends and Forecast 2015-2019 to reach over US$9 billion by 2019. Increasing adoption of 3D printing technology aka additive manufacturing across the aerospace, automobile, consumer products, and healthcare sectors has puffed up the revenue generation of 3D printing services market by leaps and bounds in current years. Americas, the most significant revenue contributor, will continue to dominate the market accounting for around 55% market share by 2019, followed by EMEA and APAC. A major reason for this breakthrough aid from Americas is the presence of many discrete manufacturing companies using 3D printing services.
The new industry analysis report from Technavio presents an insightful breakdown of the 3D printing services market highlighting its growth potential through key drivers and trends.
Among several end-users, consumer products segment dominates the global 3D printing services market with around 24% of the total market share, followed by automobile, healthcare, aerospace and defence segments. Subsequent to the consumer products segment, automobile is one of the fastest growing segments in 3D printing services market. Of late, several companies have initiated the use of 3D printing technology to make several automobile parts by using extract 3D printing materials. Additionally, 3D bioprinting technology is acquiring significance as the most advanced technology in the healthcare industry.
Source: Technavio Research
“Currently, several industries are adopting 3D printing technologies such as selective laser sintering, stereolithography, fused deposition modeling, electron beam melting, and laminated object manufacturing, in various applications to increase accuracy and optimize the usage of raw materials,” says Navin Rajendra, Lead Analysts, IT Hardware, Software, Services, Technavio Research.
“Over and above, the demand for 3D printing globally is projected to top around US$17 billion by 2019, with a growth rate of over 45 percent from 2014-2019,” continues Rajendra.
Stratasys, 3D Systems, Arcam and ExOne are the major players dominating the 3D printing services market and accounting for nearly 28 percent of the market share collectively. 3D Systems, one of the pioneers in 3D printing, has acquired more than 44 companies, totalling over US $500 million in the market.
https://www.technavio.com/%3Cp%3EA%20more%20detailed%20analysis%20is%20av…
