(MENAFN- GetNews)Rapid prototyping services offer various advantages for industries to keep pace with competitors; not only are they productive, but also environment-friendly in nature. Unlike in traditional manufacturing, there is no scrap leftover post-production in rapid prototyping services.
The Rapid Prototyping Service Market is expected to register a CAGR of 16.7% during the forecast period and reach a value of 1511.2 Million by 2026. Rapid prototyping services eliminate shipping and other logistics activities and save energy by 40-50%. Additionally, lesser material use saves up to 70% of the production cost. Higher resolution, reduction in manufacturing cost, ease in the development of customized products, the flexibility of using a variety of materials for printing, and government investments in 3D printing projects are some of the primary factors expected to drive the growth of rapid prototyping service market.
Digital media and technologies are expected to positively influence auto and other prominent markets in the APAC region by 2020 with the emergence of new technologies such as 3D printing, digital engineering, smart sensors, and the IoT.
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The Major Players Covered in this Report: Materialise NV (U.S.), Proto Labs (U.S.), Stratasys (U.S.), MakerBot (U.S.), Sculpeteo (France), Voxeljet (Germany), Ultimaker (Netherland), Laser Prototypes Europe Ltd. (U.K), 3D systems (U.S.) and Star Rapid Ltd. (China)., & more…
Rapid Prototyping Service Market Segmentation:
By Technology: Stereolithography (SLA), Fused Deposition Modeling (FDM), Selective Laser Sintering (SLS), Laminated Object Manufacturing (LOM), Others
By Application: Automotive, Consumer Goods, Aerospace and Defense, Medical Devices, Others
Years that have been considered for the study of this report are as follows:
- History Year: 2015-2019
- Base Year: 2019
- Estimated Year: 2020
- Forecast Year: 2021 to 2026
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Growing Domestic Demand and Expanding Pharmaceutical Sector to Drive the Demand for Rapid Prototyping Service in the APAC Region
Asia-Pacific region is anticipated to hold the largest market share in the global Rapid Prototyping Service market during the forecast period 2021-2026 . The growth in this region can be attributed to the presence of emerging economies like India, China, Japan, Vietnam, and Indonesia .
Why Buy This Report?
This report offers key insights pertaining to the rapid prototyping service market with an emphasis on recent developments across geographies and development strategies adopted by prominent market participants. The following sections have specifically been covered in the report.
- Definitive Market Data
- Smart Building Market Analysis
- Technological Insight
- Competitor Analysis
- Recent Opportunities in the Market
- Pipeline Analysis
- Patent Analysis
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Key Rapid Prototyping Service Market Trends:
– The report identifies, determines, and forecasts the Global Rapid Prototyping Service Market segments based on their type, sub-type, technology used, applications, end-users, and regions.
– Industry to Industry Holds Largest Share in the Rapid Prototyping Service Market
– It examines the micro-markets based on their growth trends, development patterns, future prospects, and contribution to the overall market.
– Demand from Regional / geographical is Expected to Drive the Growth
– Rising Adoption of Market Segments in this Growth
– North American, Europe is Expected to Witness Higher Growth Rate over the Forecast Period
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