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3D printing services management market growing at 43.79% CAGR by 2021 according to new research report

3D printing services management market growing at 43.79% CAGR by 2021 according to new research report

The global 3D Printing Services Management market to grow at a CAGR of 43.79% during the period 2017-2021.

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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.

Complete report on the 3D Printing Services Market Research Report spread across 63 pages, profiling 19 companies with table of content is now available at  http://www.reportsnreports.com/contacts/.aspx?name=1127654

3D Printing Services Management Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts.

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The report covers the market landscape and its growth prospects over the coming years.

The report also includes a discussion of the key vendors operating in this market.

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.

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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.

This 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.

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.

Key questions answered in this report

What will the market size be in 2021 and what will the growth rate be?           

What are the key market trends?                       

What is driving this industry?                                  

What are the challenges to market growth?

Who are the key vendors in this industry space?

What are the market opportunities and threats faced by the key vendors?

What are the strengths and weaknesses of the key vendors?

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