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New SmarTech Report on Metal 3D Printing Service Bureaus Sees $6.7 Billion Opportunity by 2023

CROZET, Va., Oct. 11, 2018 (GLOBE NEWSWIRE) -- SmarTech Publishing, the leading industry analyst firm covering the 3D printing market, has just issued a new study of the metal additive manufacturing service bureau market. The report is titled, “Metal 3D Printing Services: Service Revenues, Printer Purchases and Materials Consumption – 2018 to 2027”

Metal 3D Printing Services
Metal Service Bureaus: Projected Revenues ($ Millions)


/EIN News/ -- Details of the report are available at: https://www.smartechpublishing.com/reports/metal-3d-printing-service-bureaus/

About the report:

This new report analyzes the opportunities and value propositions for metal additive manufacturing services from the perspective of the service bureaus themselves and from that of printer makers, materials firms and the end user communityThe discussion in the report ranges over a variety of service bureaus including those owned by the printer manufacturers, independent operators and firms that provide services to customers over a cloud or hub network.

This report provides granular ten-year forecasts of activity at AM service bureau including projections of the number of parts printed (prototypes, tools final parts), service provider revenues (by end user type), printers purchased by service bureaus (by AM technology) and metals consumed (by type of metal). Service bureau end users covered in this report include aerospace, automotive, oil & gas, medical and dental customers.

In addition, we analyze the future goals and strategies of leading firms in the metals service business. The firms profiled in this report include: 3D Systems, BeamIT, Burloak, Carpenter, DM3D, ExOne, FIT, GE Additive, Hoganas, HP, i3DMFG, Materialise, MTI, Oerlikon, Protolabs, Renishaw, Sculpteo, Sintavia, Siemens (Material Solutions), and Stratasys.

From the report:

Metal is capturing a lot of the attention in the market as companies look to leverage the benefits and opportunities it provides. As polymer-based 3D printing has moved inside of end user companies, service bureaus are transitioning to metal as the next iteration of their businesses. SmarTech expects revenues from metal service bureaus to reach $6.7 billion by 2023 and then almost double by 2027.

While metal based 3D printing is a growing market, the margins available to service bureaus is not what they have traditionally enjoyed. This has led firms to pursue strategies of specialization, providing broad network-based services, cloud-based offerings or high-value design, marketing and integration offerings.

Service bureaus are also seen as a means for companies to sell hardware both as a direct customer but also for systems companies to introduce their offerings to customer or for the bureaus to act as AM evangelists for the market. SmarTech sees this “service bureau factor” as playing a key role in 3D printing’s broader adoption.  

Longer term SmarTech sees service bureau offerings becoming more and more important in the market as machines become commoditized and China based manufacturers begin to compete in the market. As this happens, AM services will become more important increasingly to include post processing and finishing services, inspection and quality assurance measures, and material analysis and application R&D, so that the service bureau can act as “outsourced expert for metal AM.”

Metal service bureaus will buy almost $550 million in printers by 2023, most of which will be PBF machines. Also, in 2023, AM service bureaus will consume more than $250 million in metals.

About SmarTech Publishing:

Since 2013 SmarTech Publishing has published reports on all the important revenue opportunities in the 3D printing/additive manufacturing sector and is considered the leading industry analyst firm providing coverage of this sector. Our company has a client roster that includes the largest 3D printer firms, materials firms and investors in the 3DP/AM sector.

For more details on our company go to www.smartechpublishing.com

Sales, Please Contact:
Missy Wade
VP of Sales
SmarTech Publishing
(434) 872-9008
missy@smartechpublishing.com

Media Inquiries, Please Contact:
Robert Nolan
CMO/CBDO
SmarTech Publishing
(804) 938-0030
rob@smartechpublishing.com

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/2665371f-3ea4-484f-8c42-613231d3cbd3

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