3D Printing Services Market: Global trends and forecast 2015-2019
About 3D Printing Services
Over the years, enterprises around the world have become increasingly dependent on various advanced technologies to run their business and drive revenue growth. This trend is expected to intensify, which in turn would increase the importance of adoption of new technologies such as 3D printing. 3D printing technology is one of the most promising technologies among various industries to produce different prototypes and products. Within a short period, 3D printing technology has influenced many industries to produce various products for its customers with high quality and accuracy. It has the ability to save time, easily build complex structures, enrich the quality, and minimize the cost. It finds application in many industries such as fashion, manufacturing, medical and food.
Technavio's analysts forecast the global 3D printing services market to grow at a CAGR of 48.64% during 2014-2019.
Covered in this Report
This report covers the overview of the global 3D printing services market. The report also includes market segmentation by end users and geography.Technavio's report, Global 3D Printing Services Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. The report also includes profile of key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Global 3D Printing Services Market 2015-2019
Technavio recognizes the following companies as the key players in the Global 3D Printing Services Market: Stratasys, 3D Systems, Arcam and ExOne
Other Prominent Vendors in the market are: 3T RPD, Autodesk, Dynamo3D, EOS, Envision TEC, Forecast 3D, Graphene 3D lab, Hoganas, Materialise, Optomec, Organovo Holdings, Ponoko and Voxeljet.
Commenting on the report, an analyst from Technavio’s team said: “The key vendors in the market are progressively investing in R&D to provide better functionality and more innovative products. These investments have aided them to capture a significant market share and gain a competitive edge over other leading vendors. Key vendors in the market such as Stratasys, 3D Systems, and Arcam have already invested huge amounts in R&D for the expansion of their product portfolios. Other vendors have also started investing heavily in R&D.”
According to the report, government aid is one of the major factors boosting market growth. For instance, the US government announced its support for a public-private partnership in Ohio called the National Additive Manufacturing Innovation Institute to encourage manufacturing companies in the US and attract investors. In 2013, the UK government invested over $16 million in R&D for 3D printing. This has helped many businesses to develop new 3D printing manufacturing technology across industries such as energy and healthcare. In addition, several bodies such as EPSRC, ESRC, and AHRC have invested significant amounts for the development of 3D printing technology in the UK.
Further, the report states that the high cost involved in the 3D printing process may pose a challenge for the 3D printing services providers in the global market.
Stratasys, 3D Systems, Arcam, ExOne, 3T RPD, Autodesk, Dynamo3D, EOS, Envision TEC, Forecast 3D, Graphene 3D lab, Hoganas, Materialise, Optomec, Organovo Holdings, Ponoko, Voxeljet.
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