3D Printing Services Market With Additive Manufacturing, Demand, Domestic Projects, Core Technology, Price, Policy And Report To 2033|3D Systems Corporation, Stratasys Ltd., Materialise NV, ExOne Company, Arcam AB

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The 3D Printing Services Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2011-2022) and extends its insights into a ten-year forecast period (2024-2033).

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https://www.thebusinessresearchcompany.com/report/3d-printing-services-global-market-report

According to The Business Research Company’s 3D Printing Services Global Market Report 2024, The 3d printing services market size has grown exponentially in recent years. It will grow from $6.11 billion in 2023 to $7.5 billion in 2024 at a compound annual growth rate (CAGR) of 22.7%. The growth in the historic period can be attributed to rapid prototyping, cost efficiency, medical advancements, design flexibility, education and research.

The 3d printing services market size is expected to see rapid growth in the next few years. It will grow to $14.42 billion in 2028 at a compound annual growth rate (CAGR) of 17.8%. The growth in the forecast period can be attributed to digital twinning and prototyping, augmented and virtual reality integration, metal and composite printing, expansion in aerospace and automotive, on-demand production services. Major trends in the forecast period include bioprinting and tissue engineering, sustainable printing materials, on-demand and localized production, advanced metal printing, smart manufacturing and iot integration.

Reduction in manufacturing cost and process downtime contributed to the growth of the 3D printing services market. 3D printing technology helps companies greatly reduce their manufacturing costs, reduce downtime and minimize waste. With the use of 3D printing for prototyping, companies can significantly lower the cost of developing new products. The minimal labor/workforce involved in this process also contributes to the low manufacturing costs. Due to 3D printing the manufacturing time can be reduced from months to days. For instance, to print a phone case it takes around 20 minutes, and similarly a 2*4 Lego can be printed in 4 minutes. Therefore, reduction in manufacturing costs and process downtime increased demand for the 3D printing services market.

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The 3d printing services market covered in this report is segmented –

1) By Service Offering: Tooling; Parts Production; Software Services; System Maintenance; Expert Service

2) By Application: Prototyping; Tooling; Functional Parts Manufacturing

3) By End user: Consumer Products; Automotive; Healthcare; Aerospace And Defense

The 3d printing services market report table of contents includes: