3D printer and prototyping service providers will benefit from the democratization of innovation.
Los Angeles, CA (PRWEB) February 13, 2012
In December 2011 IBISWorld released the 3D Printer Manufacturing industry research report. IBISWorld reported bullish revenue growth for 3D printer manufacturers over the last five years – over 7% per year on average – and projected even faster growth over the next five as demand from aerospace and medical fields booms. IBISWorld has now introduced the 3D Printing & Rapid Prototyping Services industry research report.
According to IBISWorld industry analyst and report author, Kevin Culbert, “demand for mass customization of products will be one of the biggest drivers for 3D printer growth. When each product is printed individually from software anyone from large manufacturers to entrepreneurs or students, have the ability to create unique products. This factor may create a fundamental sea change in the development and production of manufactured product lines, marketing and even business models. 3D printer manufacturers, and to a lesser extent, 3D printer and prototyping service providers will benefit from the democratization of innovation.”
The availability of 3D printing and prototyping services has increased substantially over the past five years as 3D printing technologies has improved. According to Culbert, "demand has also increased as a result of the declining price of services and the availability of more types of material to make prototypes. Although this factor is expected to continue driving demand for printing and prototyping services in the short- and medium-term, an increasingly sophisticated range of desktop, consumer 3D printers are becoming available. As the price of desktop 3D printers continues to fall and their use more accepted, we expect that demand for services will slow over the coming five years. As new technologies become more widely used, smaller jobs that might once have been outsourced are done in-house rather than sourced to industry specialists”.
Nonetheless, in order to exploit the short to medium term growth in demand for 3D printing services, a number of new firms have recently entered the printing and prototype services industry. “The majority of operators five years ago were aimed at enterprises”, explains Culbert. “Although this is still the case, there has been rapid growth in the consumer market.” Consumers can visit a website such as i.materialise, upload their design, and have it shipped to their door. Meanwhile, a number of 3D printer manufacturers, such as major players 3D Systems and Stratasys, have sought to move along the industry supply chain and diversify revenue streams by offering consumer-facing services. Done properly, the move is expected to help manufacturers win market share in the printing and prototyping market. Other players in the space, such as Engineering & Manufacturing Services are traditional rapid prototype service providers that have introduced 3D printing into a broader product mix.
For more information visit IBISWorld’s 3D Printing & Rapid Prototyping Services in the US industry page.
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IBISWorld industry Report Key Topics
Firms in this industry offer 3D printing and rapid prototyping, which is the automatic construction of physical objects using additive manufacturing technology. The competing technologies in the marketplace are differentiated by the way layers are built to create parts. Some melt or soften material to produce layers, while others lay liquid material thermosets that are cured. In the case of lamination systems, thin layers are cut to shape and then joined together.
Key External Drivers
Industry Life Cycle
Products & Markets
Products & Services
Globalization & Trade
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
About IBISWorld Inc.
Recognized as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every US industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com or call 1-800-330-3772.