LONDON, GREATER LONDON, UK, August 16, 2018 /EINPresswire.com/ — A new report from The Business Research Company, 3D Printing Devices, Services And Supplies Global Market Opportunities And Strategies To 2022, shows that the top three competitors in the 3D printing services market in 2017 were Materialise NV, Photo Labs Inc. and Gitim GmbH. These three companies make up about three quarters of the market. Materialise NV’s share is over half of the market. These global players are increasing their presence strategically across various geographies through acquisitions and collaboration. Strategic acquisitions include 3D Hubs’ purchase of Printivate, and BigRep’s acquisition of NOWlab. The aim of the 3D Hubs’ acquisition was to improve 3D file handling and printability prediction, while by buying NOWlab BigRep will be able to offer a wide range of material and design consultation services.
In contrast to the global players, the small domestic companies are finding it difficult to compete, particularly on quality, price, and technological innovation. They thus provide the global players with significant acquisition opportunities.
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The global market for 3D printing devices, services and supplies was valued at $5.7 billion in 2015 and is expected to reach $27.8 billion in 2022f, growing at a CAGR of 25.8% during the forecast period of 2016e to 2022f. This rapid growth rate is easy to explain. 3D Printing can deliver more benefits than just the ability to develop new devices. The two greatest problems that most manufacturers face when bringing a device to market are tooling costs and stringent regulatory processes. 3D printing has the potential to reduce tooling costs and accelerate lead time and regulatory submissions substantially when compared to conventional methods.
Industry growth is primarily driven by technological developments in healthcare 3D printing as well as growing government and private funding to support the development of new 3D printing technologies. The growing demand for organ transplantation and ease of development of customized medical products by 3D printing offers new growth opportunities for the companies operating in this market.
3D Printing Devices, Services And Supplies Global Market Opportunities And Strategies To 2022 is one of a new series of industry reports from The Business Research Company that provide a market overview, analysis and forecasts of market size and industry statistics, market growth rates, market trends, market drivers, market restraints, market revenues, market shares and company profiles of the leading competitors in over 300 industry reports, covering over 2400 market segments and 60 geographies. The industry reports draw on 150,000 datasets. Extensive secondary research is augmented with exclusive insights and quotations from industry leaders obtained through interviews. Market analysis and forecasts are provided by a highly experienced and expert team of analysts and modellers. The reports are edited by a team of leading UK business academics.
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Read 3D Printing Devices, Services And Supplies Global Market Opportunities And Strategies To 2022 from The Business Research Company for information on the following:
Markets Covered: 3D printing hardware devices market, 3d printing software market, 3d printing services market, 3d printing materials market.
Data Segmentations: 3D Printing global and regional total and by product segments – hardware, software, services and materials 2014-22 market size and growth rates.
3D Printing Organizations Covered: D Systems Corporation, Arcam AB, The ExOne Company, Stratasys Ltd., EOS GmbH Electro Optical Systems, EnvisionTEC, Materialise NV, XYZprinting, SLM Solutions Group AG, M3D.
Regions: North America, Europe, Asia Pacific, ROW (Rest of world)
Time Series: 2014-16 actuals, 2017 estimates, 2018-22 forecasts.
Other Information And Analyses: Processes involved in 3D printing, global 3D printer sales, market drivers, market challenges, market opportunities, company overview, business strategy, financial overview, products and services, SWOT analysis, recent developments, key executives for ten leading 3D technology companies.
Sourcing and Referencing: Data and analysis throughout the report are sourced using end notes.
Number of Pages: 86
Number of Figures: 40
Number of Tables: 33
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