Research and Markets ( http://www.researchandmarkets.com/research/vfc36d/3d_printing) has announced the addition of the "3D Printing Services Market: Global trends and forecast 2015-2019" report to their offering.
The global 3D printing services market to grow at a CAGR of 48.64% during 2014-2019.
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.
The 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.
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.
- 3D Systems
Other Prominent Vendors
- 3T RPD
- Forecast 3D
- Graphene 3D Lab
- Organovo Holdings
For more information visit http://www.researchandmarkets.com/research/vfc36d/3d_printing
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SOURCE Research and Markets
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