3D Printing As A Service Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Technology (Vat Photopolymerization, Metal Extrusion, Material Jetting, Binder Jetting, Direct Energy Deposition, Powder Bed Fusion, Sheet Lamination), By End-User Industry (Healthcare, Automotive, Aerospace And Defence, Construction, Others), And By Geography - Forecasts From 2021 To 2026
- Published : Aug 2021
- Report Code : KSI061612113
- Pages : 126
The 3D printing as a service market is projected to grow at a CAGR of 19.25% during the forecast period to reach US$38.611 billion by 2026, from US$11.259 billion in 2019. 3D printing is emerging as a technologically advanced printing process across various industry verticals. In this process, the printer turns the object under consideration into 1000s of tiny slices and then constructs it from bottom to top, slice by slice. These tiny slices then are glued together by the printer to construct a replica of the object. This form of printing is increasing its adaptability across various industry verticals, which is expected to drive the growth of the market during the forecasted period. Furthermore, the rising advent of other technologies, such as cloud-based printing, further supports the market growth.
3D printers are costly and require a significant initial investment. Furthermore, this type of printer has notable maintenance costs, which adds to the trouble of the company. Hence, to reduce cost, companies intend to outsource the printing operation which is time effective and cost convenient. The printing outsourcing business is emerging a new opportunity for 3D printer owners to keep up with the cost of the printer. Further, it saves the company, outsourcing the process, from spending extra money or time. It is estimated that the rising outsourcing of non-core business operations is going to support the market growth of 3D printing as a service. Moreover, a rising number of players in the outsourcing service market are projected to diversify the options available for the users and increase the market prospects significantly.
Robust growth in the end-user industry is expected to support the market growth during the forecasted period.
3D printing technology is increasingly gaining fame as an alternative across several industry verticals, which is expected to create robust demand for the market. It is expected that robust growth in the end-user industry will drive the market growth during the forecasted period. the global 3D printing as a service market is segmented, based on end-user industries, as healthcare, automotive, aerospace and defense, construction, and others.
The aerospace and defense industry is growing at a lucrative rate owing to increased international trade and tourism, creating humongous demand in the industry. Furthermore, growing disposable income has increased the demand in the automotive industry, widening the market prospects during the forecasted period. The booming construction industry is also predicted to provide notable opportunities for the market.
Power bed fusion 3D printing technology is expected to hold a significant share of the market during the forecasted period.
Based on technology, the global 3D printing as a service market is fragmented as Vat photopolymerization, metal extrusion, material jetting, binder jetting, direct energy disposition, powder bed fusion, and sheet lamination.
The powder bed fusion 3D printing technology is predicted to hold a significant share of the market during the forecasted period. Increasing adaption of laser beam powder bed fusion 3D printing is expected to drive the segment growth. Electric beam powder bed 3D printer is expected to hold a notable share.
- May 2021, Product Launch. Israel-based Massivit 3D Printing Technologies launched an industrial-volume 3D printer which offers faster printing and massive size of the object printed.
- April 2021, Product Launch. Stratasys, a globally leading 3D printer manufacturing company, launched 3 new and enhanced 3D printers, aiming to increase its market holding in the additive manufacturing market. the company is projected to deliver around US$562.9 million worth of revenue in 2021, with the launch of these printers.
- February 2021, Product Launch. Mantle is globally one of the leading 3D printer manufacturers. The company announced the launch of its upgraded true-shape hybrid 3D printing technology, The company received US$13 million of funding for the product. Through the product launch, the company is targeting to obtain a market worth US$45 billion. Mantle announced that it has partnered with a leading cosmetic brand, L’Oreal, for delivering an output of the newly launched 3D printer technology.
- January 2020, Construction. Boeing’s new aircraft 777X made its first and successful maiden flight. The aircraft was powered by General Electric GE9X engines, which is developed using GE’s Electron Beam Power Based Fusion 3D printing technology. The development of Boeing’s engines through GE PBF-EB technology is expected to open new opportunities for the market in the aerospace industry.
- July 2019, Purchase. Weerg Srl, an Italian 3D printing company offering 3D printing services, announced the purchase of 3D Systems’ ProX SLS 6100 printer to expand its portfolio in the industry. the implementation of 3D Systems’ ProX SLS 6100 in Weerg’s portfolio is expected to enable the latter company to offer new features to its customers. In its initial production using 3D Systems’ ProX SLS 6100, Weerg used DuraForm ProX HST Composite, which is a fiber-reinforced engineered plastic, as the base material.
3D Printing As A Service Market Scope:
|Market size value in 2019||US$11.259 billion|
|Market size value in 2026||US$38.611 billion|
|Growth Rate||CAGR of 19.25% from 2019 to 2026|
|Forecast Unit (Value)||USD Billion|
|Segments covered||Technology, End-User Industry, And Geography|
|Regions covered||North America, South America, Europe, Middle East and Africa, Asia Pacific|
|Companies covered||3D Hubs B.V., Shapeways Inc., Visulai, Weerg s.r.l., Soch3D, Think3D, Sculpteo (A brand of BASF)|
|Customization scope||Free report customization with purchase|
Key Market Segments
- By Technology
- Vat Photopolymerization
- Metal Extrusion
- Material Jetting
- Binder Jetting
- Direct Energy Disposition
- Powder Bed Fusion
- Sheet Lamination
- By End-User Industry
- Aerospace and Defence
- By Geography
- North America
- South America
- United Kingdom
- Middle East and Africa
- Saudi Arabia
- Asia Pacific
- South Korea
- North America
Frequently Asked Questions (FAQs)
Q1. What are the growth prospects for 3D printing as a service market?
A1. The global 3D printing as a service market is projected to grow at a CAGR of 19.25% over the forecast period.
Q2. What will be the 3D printing as a service market size by 2026?
A2. The 3D printing as a service market is projected to reach a total market size of US$38.611 billion in 2026.
Q3. What is the size of the global 3D printing as a service market?
A3. 3D Printing As A Service Market was valued at US$11.259 billion in 2019.
Q4. How is the global 3D printing as a service market segmented?
A4. The global 3D printing as a service market has been segmented by technology, end-user industry, and geography.
Q5. What factors are anticipated to drive the 3D printing as a service market growth?
A5. 3D printing technology is increasingly gaining fame as an alternative across several industry verticals, which is expected to create robust demand for 3D printing as a service market.
1.1. Market Definition
1.2. Market Segmentation
2. RESEARCH METHODOLOGY
2.1. Research Data
3. EXECUTIVE SUMMARY
3.1. Research Highlights
4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Powers of Buyers
4.3.3. Threat of Substitutes
4.3.4. The threat of New Entrants
4.3.5. Competitive Rivalry in Industry
4.4. Industry Value Chain Analysis
5. 3D PRINTING AS A SERVICE MARKET, BY TECHNOLOGY
5.2. Vat Photopolymerization
5.3. Metal Extrusion
5.4. Material Jetting
5.5. Binder Jetting
5.6. Direct Energy Disposition
5.7. Powder Bed Fusion
5.8. Sheet Lamination
6. 3D PRINTING AS A SERVICE MARKET, BY END-USER
6.4. Aerospace and Defence
7. 3D PRINTING AS A SERVICE MARKET, BY GEOGRAPHY
7.2. North America
7.2.1. United States
7.3. South America
7.4.3. United Kingdom
7.5. Middle East and Africa
7.5.1. Saudi Arabia
7.6. Asia Pacific
7.6.3. South Korea
8. COMPETITIVE ENVIRONMENT AND ANALYSIS
8.1. Major Players and Strategy Analysis
8.2. Emerging Players and Market Lucrative
8.3. Mergers, Acquisition, Agreements, and Collaborations
8.4. Vendor Competitiveness Matrix
9. COMPANY PROFILES
9.1. 3D Hubs B.V.
9.2. Shapeways Inc.
9.4. Weerg s.r.l.
9.7. Sculpteo (A brand of BASF)
3D Hubs B.V.
Sculpteo (A brand of BASF)
|Report Name||Published Month||Get Sample PDF|
|Healthcare 3D Printing Market Size: Industry Report, 2023-2028||Jun 2023|
|Automotive 3D Printing Market Size: Industry Report, 2023-2028||May 2023|
|Material Jetting Process 3D Printing Market Size: Report, 2022-2027||Jul 2022|
|Vat Photopolymerization 3D Printing Technology Market: 2023-2028||May 2023|
|Aerospace And Defense 3D Printing Market Size: Report, 2022-2027||May 2022|