3D Hubs Acquired Printivate As A Part Of Their Expansion Plan

Posted January 7, 2019 by sainath

The global 3D printing market is expected to reach $27.8 billion by 2021, growing at a double digit CAGR in the forecast period.

The 3D printing market size is expected to grow around $25 billion by 2022 growing at a double-digit compound annual growth rate (CAGR). The growth in the 3D printing industry is mainly due to adoption of 3D printing technology in emerging industries such as medical printing and metal manufacturing which is seen as an emerging trend in the 3D printing industry. Increasing expertise in 3D technology and integration of 3D printing in supply chain systems are the other trends followed in the 3D printing market.
The replacement of traditional methods of printing with 3D technology would allow customers to reduce their lead time, costs and waste. Furthermore, the increasing adoption of 3D printing technology in markets such as medical equipment, metal manufacturing and architecture is expected to increase the scope of the 3D printing market.

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In recent years, the consolidation in 3D printing market has fallen in terms of number of transactions. The volume of 3D printing M&As show a clear decline of around 10% during 2013-2015. In these years, most acquisitions were made by industrial investors, which includes, other direct competitors or new 3D printing market entrants.

Large players in the 3D printing industry have made a high number of add-on acquisitions. One of the major acquisitions was the Netherlands-based 3D Hubs, which operates the world’s largest online marketplace for 3D printing services, acquiring Printivate, a specialised service for optimising and fixing 3D models.

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Issued By Sainath
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Categories Business , Industry , Services
Tags 3d printer manufacturers , 3d printing industry , global 3d printing market
Last Updated January 7, 2019