About 3D Printing Services Management
3D printing was a technology that was trending some years back and has entered a stable phase of growth since 2016. Many businesses are adopting 3D printing technology in different types of applications to increase the accuracy of their processes and optimize the use raw materials while exhibiting customized manufacturing. The technology has influenced many industries to produce customized products for their end-users with high levels of quality and accuracy within a short period of time. In addition, it has saves time, easily builds complex structures, enriches the quality of products, and minimizes cost. The technology has its reach over many industries such as fashion, manufacturing products, medical, and food production. 3D printing technology can change the way third-party logistics (3PL) operates, especially when it comes to providing global services. 3PL suppliers will need to adapt as the technology reduces the dependence of manufacturers on 3PL suppliers’ distribution capabilities.
Technavio’s analysts forecast the global 3D Printing Services Management market to grow at a CAGR of 43.79% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global 3D Printing Services Management market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of 3D printing services.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global 3D Printing Services Management Market 2017-2021
Technavio recognizes the following companies as the key players in the global 3D printing services management market: 3D Systems, Arcam, ExOne, and Stratasys
Other Prominent Vendors in the market are: 3D Hubs, Autodesk, Dynamo 3D, EnvisionTEC, EOS, FORECAST 3D, Graphene 3D Lab, Höganäs, Materialise, Sculpteo, Shapeways, Optomec, Organovo Holdings, Ponoko, and voxeljet.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Rising demand for 3D printed electronic components. The global market is coming up with more innovative products in different application areas. The market is witnessing a growing demand for 3D printed electronic components and products. The wide range of existing products and possible applications of 3D printing materials has led to their increased use in the electronics industry. For instance, mobile device antennas are being printed using conductive nanoparticle silver inks. The printed lithium-ion microbatteries manufactured using suspended nanoparticles of lithium compounds and silver wires have recently been developed. In addition, the integration of printed radio antennas in products made for the defense sector is a new area that is being explored.”
According to the report, one of the major drivers for this market is Growing adoption of outsourcing. The outsourcing of 3D printing services is increasing gradually. Outsourcing is a cost-effective solution in which end-users are not required to procure 3D printers. For instance, 3D Hubs provides 3D printing services that can be accessed through the Internet by uploading the porotypes of materials and objects required to be 3D printed. Cost reduction and low upfront cost are the primary reasons for the adoption of 3D printing outsourcing services. Enterprises are also outsourcing 3D computer-aided design (CAD) modeling services based on 3D printing to assist providers such as IndiaCADworks. Outsourcing of 3D printing services reduces in-house expenditure on software, hardware, and maintenance of 3D printers. 3D printing outsourcing service providers are offering industry-specific 3D printing services for file creation and rapid prototyping. However, the quality of services is a major concern among enterprises subscribing to 3D printing services instead of having 3D printers in-house.
Further, the report states that one of the major factors hindering the growth of this market is High cost of 3D printers. 3D printing technology is more expensive than its traditional manufacturing alternatives. Among different 3D printing machines, the metal producing machines are the most expensive. Machines specifically designed for the healthcare, aerospace, automotive, and industrial segments are much more expensive than printers for the consumer segment. Thus, prices of bioprinters range from less than $1,000 to more than $20,000. In particular, 3D printing in the healthcare industry is very expensive as printers and materials are expensive, and the products made using this method are not affordable for the end-users.
3D Systems, Arcam, ExOne, and Stratasys 3D Hubs, Autodesk, Dynamo 3D, EnvisionTEC, EOS, FORECAST 3D, Graphene 3D Lab, Höganäs, Materialise, Sculpteo, Shapeways, Optomec, Organovo Holdings, Ponoko, and voxeljet.
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