Product Prototyping Market Outlook 2031

  • The global product prototyping market was valued at US$ 14.54 Bn in 2020
  • It is estimated to expand at a CAGR of 11.1% from 2021 to 2031
  • The global product prototyping market is expected to cross the value of US$ 45.60 Bn by the end of 2031

Analysts’ Viewpoint on Product Prototyping Market Scenario

Key revenue-generating industries such as healthcare, consumer goods, and electronics are creating value-grab opportunities for companies in the product prototyping market during the ongoing COVID-19 crisis. However, it is found that product prototyping can be a potentially exhausting and a time-consuming process for product design. Hence, companies in the product prototyping market should gain cognizance about the pros and cons of different approaches including 3D printing & CNC (Computer Numerical Control) prototyping. For instance, CNC prototyping is publicized for reducing time during final product manufacturing but is associated with high purchase & installation cost. Hence, market stakeholders are carefully weighing the advantages and disadvantages of different product prototyping approaches before locking in investments for the same.

Vast Scope in Product Prototyping Contributing to Market Expansion

One of the essential early steps in the product creation process is creating a prototype, which can be defined as a three-dimensional (3D) version of the creator’s vision. Product prototyping can be affected by the material from which the product is supposed to be made. Product prototyping assures the validity of material used for the product, and estimates the cost & time for manufacturing the product. Different types of product prototyping are employed for different phases of product development such as Proof-of-Concept (PoC), functional prototype, and others (visual prototype, user experience prototype, etc.).

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Additive Manufacturing Helps to Overcome Constraints of Physicality During COVID-19 Crisis

During the ongoing COVID-19 pandemic, agile hardware development (AHD) has proven to be a viable development approach for the rapid creation of physical systems or products. For physical products, several hardware specific hurdles hinder the application of AHD. These are summarized as constraints of physicality (CoP) and include, for instance, the time-consuming & costly build process of increments. Thus, the use of rapid prototyping technologies such as additive manufacturing (AM) can lessen the impact of CoP, as it enables the economical production of small lot sizes. Such trends are contributing to the growth of the product prototyping market during the ongoing pandemic.

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Product Prototyping Helps Reduce Manufacturing Cost with Error Detection

Product prototyping is one of the important phases of the product development lifecycle. Product prototyping provides all stakeholders a clear picture about the product, whilst clearing the manufacturing hurdles, thereby minimizes the cost. Product prototyping helps to understand the process of the product development and consequently, the sample model is created, which helps detect errors in order to check the functionality. This, in turn, reduces the manufacturing cost, as errors are detected early. Such findings are translating into revenue opportunities for stakeholders in the product prototyping market.

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High Preference for Minimal Investment with Product Prototyping

Prototypes help to provide information on production techniques, materials, and costs. Prototypes enable the user feedback for stakeholders, such as distributors, retailers, and customers. Thus, the demand for product prototyping is increasing consistently, as product prototyping helps businesses to minimize manufacturing cost, which, in turn, is projected to have a positive impact on the global product prototyping market during the forecast period.

Prototyping is a key part of an effective iterative product delivery approach. It enables teams to quickly vet new ideas with minimal investment, mitigating risk, and keeping the focus on introducing a meaningful product into the market. The high raw material cost due to low consumption volumes is also projected to hamper the product prototyping market during the forecast period due to the ongoing coronavirus pandemic. However, this factor is projected to have a low negative impact on the global product prototyping market during the forecast period.

Cost-effective Prototyping Materials for Function Applications Growing Prominent

Recent advancements in the field of product prototyping, such as the implementation of the 3D printing technology for prototyping as well as manufacturing applications, have fueled the growth of the product prototyping market. Furthermore, vendors are working on cost-effective prototyping materials for function applications, wherein testing the performance of prototypes is not required.

Prototyping determines design and other manufacturing issues. Early detection can reduce the downtime during manufacturing, thus reducing waste and preventing the production of faulty parts.

Product Prototyping Market: Overview

  • According to Transparency Market Research’s latest research report on the global product prototyping market for the historical period 2017–2019 and the forecast period 2021–2031, rising demand for product prototyping in manufacturing sectors, such as automotive, aerospace and defense, consumer electronics, and medical devices, worldwide is expected to boost the global product prototyping market during the forecast period

Consistent Rise in Demand for Product Prototyping as Product Prototyping Helps Businesses Minimize Manufacturing Cost: Key Driver of Product Prototyping Market

  • Product prototyping is one of the important phases of the product development lifecycle. Product prototyping provides all stakeholders a clear picture about the product; it clears the manufacturing hurdles and hence minimizes the cost.
  • Product prototyping helps understand the process of the product development and consequently, the sample model is created, which helps detect the errors and to check the functionality. This, in turn, reduces manufacturing cost, as the errors are detected early.
  • Prototypes also provide information on production techniques, materials, and costs. Prototypes enable the user to receive feedback from stakeholders, such as distributors, retailers, and customers.
  • Moreover, recent advancements in the field of product prototyping, such as the implementation of the 3D printing technology for prototyping as well as manufacturing applications, have also fuelled the prototyping market. Furthermore, vendors are working on cost-effective prototyping materials for function applications, wherein testing the performance of prototypes is not required.
  • Prototyping determines design and other manufacturing issues. Early detection can reduce the downtime during manufacturing, thus reducing waste and preventing the production of faulty parts.
  • Prototyping also helps in industry evolution, as increased automation is introduced to the manufacturing side. Moreover, prototyping helps in selection of machinery, estimate production costs, manufacturing time, and requirements for materials.

Consistent Rise in Demand from Automotive Industry

  • Increasing demand for product prototyping from the automotive industry is projected to boost the global product prototyping market during the forecast period
  • The automotive industry is facing huge pressures to achieve sustainable, low-carbon products at an affordable price. Product prototyping offers vendors advice on new products, business models, and manufacturing processes, and ensures that members have access to industry best practices through technology transfer and training in a wide range of technologies including laser, resistance/spot, arc, and friction stir welding.
  • Automotive prototyping plays a vital role during the design validation process that culminates in manufacturing. An automotive prototype can be utilized to ensure that a product can be made in order to decide on the types of materials that are best for a product, and to evaluate what types of equipment should be used to manufacture the part.
  • Thus, consistent rise in the demand from the automotive industry is estimated to boost the product prototyping market

Product Prototyping Market: Competition Landscape

  • Detailed profiles of providers of product prototyping have been given in the report to evaluate their financials, key product offerings, recent developments, and strategies
  • Key players operating in the global product prototyping market are
    • 3E Rapid Prototyping Ltd.
    • ARRK North America, Inc.
    • Avench Systems
    • Avid Product Development, LLC
    • CADX Tools & Technologies Pvt Ltd
    • Graphler Technology Solutions
    • Hidden Brains Infotech
    • Kickr Design, LLC
    • Model Solution Co., Ltd.
    • Pivot International, Star Rapid., Ltd
    • Stratasys Ltd.
    • Proto Labs, Inc.
    • Fathom Digital Manufacturing Corporation
    • Fast Radius, Inc.
    • Fictiv
    • Core Molding Technologies, Inc.
    • ProtoCAM

Product Prototyping Market: Key Developments

  • Key providers of product prototyping, such as ARRK North America, Inc., Avid Product Development LLC, and Stratasys Ltd are focused on the design of cost-effective product prototyping to attract more customers. Other key developments in the global product prototyping market have been highlighted below:
    • On April 1, 2020, ARRK North America, Inc. began its business after the merger of ARRK Product Development Group USA, Inc. with ARRK Automotive USA, Inc. The new company is expected to provide better communication of new services in the future and provide high quality services and products.
    • On August 4, 2020, Avid Product Development LLC announced the acquisition of Lubrizol Corporation to support Lubrizol's materials, applications, and testing with Avid's 3D printing, prototyping, and post-processing knowledge that is expected to support development of differentiated solutions for customers and accelerate adoption of 3D printing in major industries
    • On April 28, 2020, Stratasys Ltd, a subsidiary of MakerBot Industries LLC, added PC-ABS and PC-ABS FR Specialty Materials for functional Prototyping and end-use applications on METHOD X. The addition of these two new materials is estimated to enable Stratasys to make the number of MakerBot materials for METHOD to 10, underscoring the company’s efforts to deliver a wider range of industrial-grade solutions to open more additive manufacturing applications for engineers. Method X is the only printer in the price range with a heating chamber that can reach up to 110°C at maximum temperature and is ideal for printing PC ABS. This improves the success rate and efficiency of the prototyping process and is expected to reduce the time for development of new products in market.
  • In the global product prototyping market report, we have discussed individual strategies, followed by company profiles of providers of product prototyping. The ‘Competition Landscape’ section has been included in the report to provide readers with a dashboard view and company market share analysis of key players operating in the global product prototyping market.

Product Prototyping Market Snapshot

Attribute

Detail

Market Size Value in 2020

US$ 14.54 Bn

Market Forecast Value in 2031

US$ 45.60 Bn

Growth Rate (CAGR)

11.1%

Forecast Period

2021‒2031

Quantitative Units

US$ Bn for Value

Research Scope

The global product prototyping market report provides analysis of the global product prototyping market for the 2018-2031 period, wherein 2017‒2019 is the historic year, 2020 is base year, and 2021–2031 is the forecast period. The research report provides in-depth analysis of the global product prototyping market in terms of material, type, end-use industry, and region.

Report Coverage

The report covers all prevalent trends and technologies playing a major role in the expansion of the global market. It also highlights various drivers, restraints, and trends that are expected to influence the market during the forecast period.

Format

Electronic (PDF) or word

Regions Covered

  • North America
  • Europe
  • Asia Pacific
  • Rest of the World (Middle East & Africa and South America)

Countries Covered

  • U.S.
  • Canada
  • Germany
  • U.K.
  • France
  • Japan
  • China
  • India
  • ASEAN
  • Brazil
  • Mexico
  • Argentina
  • GCC Countries
  • South Africa

Market Segmentation

  • Material
    • Metal
    • Polymer
    • Ceramic
    • Plaster and Starch
    • Foundry Sand Parts
  • Type
    • Proof-of-Concept (PoC)
    • Functional Prototype
    • CNC Machined Prototypes
    • Injection Molded Prototype
    • Others (Visual Prototype, User Experience Prototype, etc.)
  • End-use Industry
    • Aerospace & Defense
    • Consumer Goods & Electronics
    • Automotive
    • Healthcare
    • Others (Industrial, Manufacturing & Construction, etc.)

Companies Profiled

  • 3E Rapid Prototyping Ltd.
  • ARRK North America, Inc.
  • Avench Systems
  • Avid Product Development, LLC
  • CADX Tools & Technologies Pvt Ltd
  • Graphler Technology Solutions
  • Hidden Brains Infotech
  • Kickr Design, LLC
  • Model Solution Co., Ltd. 15
  • Pivot International
  • Star Rapid., Ltd
  • Stratasys Ltd.
  • Proto Labs, Inc.
  • Fathom Digital Manufacturing Corporation
  • Fast Radius, Inc.
  • Fictiv
  • Core Molding Technologies, Inc.
  • ProtoCAM

Customization Scope

Available upon Request

Pricing

Available upon Request

Frequently Asked Questions

The Product Prototyping Market is studied from 2021 - 2031.

The global product prototyping market was valued at US$ 14.54 Bn in 2020 and is expected to cross the value of US$ 45.60 Bn by the end of 2031

The global product prototyping market is estimated to expand at a CAGR of 11.1% from 2021 to 2031.

TMR has segmented the Product Prototyping Market (Material: Metal, Polymer, Ceramic, Plaster and Starch, and Foundry Sand Parts; Type: Proof-of-Concept [PoC], Functional Prototype, and Others; and End-use Industry: Aerospace & Defense, Automotive, Consumer Goods & Electronics, Healthcare, and Others).

Key players operating in the global product prototyping market are 3E Rapid Prototyping Ltd., ARRK North America, Inc., Avench Systems, Avid Product Development, LLC, CADX Tools & Technologies Pvt Ltd, Graphler Technology Solutions, Hidden Brains Infotech, Kickr Design, LLC, Model Solution Co., Ltd., Pivot International, Star Rapid., Ltd, Stratasys Ltd., Proto Labs, Inc., Fathom Digital Manufacturing Corporation, Fast Radius, Inc., Fictiv, Core Molding Technologies, Inc., and ProtoCA.

Product Prototyping Market – Scope of Report

A new study on the global product prototyping market is published by Transparency Market Research (TMR). It presents detailed information on key market dynamics, including drivers, trends, and challenges for the global product prototyping market as well as its structure. TMR’s study offers valuable information on the global product prototyping market in order to illustrate how the market is expected to expand during the forecast period i.e. 2017–2031.

Key indicators of market growth, which include value chain analysis and compound annual growth rate (CAGR), are elucidated in TMR’s study in a comprehensive manner. This data can help readers interpret the quantitative growth aspects of the global product prototyping market.

An extensive analysis of business strategies adopted by leading market players is also featured in TMR’s study on the global product prototyping market. This can help readers understand key factors responsible for growth of the global product prototyping market. In this study, readers can also find specific data on avenues for qualitative and quantitative growth of the global product prototyping market. This data would guide market players in making apt decisions in the near future.

Key Questions Answered in TMR’s Study on Global Product Prototyping Market

  • What would be the Y-o-Y growth trend of the global product prototyping market between 2021 and 2031?
  • What is the influence of changing trends in the type segment on the global product prototyping market?
  • Would Asia Pacific continue to be the most dominant regional market for providers of product prototyping in the next few years?
  • Which factors would hinder the global product prototyping market during the forecast period?
  • Which are the leading companies operating in the global product prototyping market?

Research Methodology

A unique research methodology is utilized by TMR to conduct comprehensive research on the global product prototyping market and arrive at conclusions on future growth prospects for the market. This research methodology is a combination of primary and secondary research, which helps analysts warrant the accuracy and reliability of the conclusions drawn.

Secondary research sources referred to by analysts during production of the report on the global product prototyping market include statistics from company annual reports, SEC filings, company websites, World Bank database, investor presentations, regulatory databases, government publications, and market white papers. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, and market intelligence managers, who have contributed to production of TMR’s study on the global product prototyping market as a primary research source.

These primary and secondary sources provided exclusive information during interviews, which served as a validation from leading players operating in the global product prototyping market. Access to an extensive internal repository as well as external proprietary databases allowed this report to address specific details and questions about the global product prototyping market with accuracy. The study also uses a top-down approach to assess the numbers for each segment and a bottom-up approach to counter-validate them. This has helped in making TMR’s estimates on future prospects for the global product prototyping market more reliable and accurate.

Product Prototyping Market – Segmentation

TMR’s study of the global product prototyping market segments the market based on material, type, end-use industry, and region. Changing market trends and other crucial market dynamics associated with segments of the global product prototyping market have been discussed in detail in TMR’s study.

Material
  • Metal
  • Polymer
  • Ceramic
  • Plaster and Starch
  • Foundry Sand Parts
Type
  • Proof-of-Concept (PoC)
  • Functional Prototype
    • CNC Machined Prototypes
    • Injection Molded Prototype
  • Others (Visual Prototype, User Experience Prototype, etc.)
End-use Industry
  • Aerospace & Defense
  • Consumer Goods & Electronics
  • Automotive
  • Healthcare
  • Others (Industrial, Manufacturing & Construction, etc.)
Region
  • North America
  • Europe
  • Asia Pacific
  • Rest of the World

1. Preface

    1.1. Research Scope

    1.2. Product Prototyping Market Overview

    1.3. Market and Segments Definition

    1.4. Market Taxonomy

    1.5. Research Methodology

    1.6. Assumption and Acronyms

2. Executive Summary

    2.1. Global Product Prototyping Market Analysis and Forecast

    2.2. Regional Outline

    2.3. Market Dynamics Snapshot

    2.4. Competition Blueprint

3. Market Dynamics

    3.1. Macro-economic Factors

    3.2. Key Market Indicator

    3.3. Drivers

    3.4. Market Restraints and Opportunities

    3.5. Applications Trends

    3.6. Market Trends

4. Associated Industry and Key Indicator Assessment

    4.1. Parent Industry Overview- Manufacturing Industry

    4.2. Supply Chain Analysis

    4.3. Industry SWOT Analysis

    4.4. Porter Five Forces Analysis

    4.5. COVID-19 Impact Analysis

5. Global Product Prototyping Market Analysis, by Material

    5.1. Global Product Prototyping Market Size (US$ Mn) Analysis & Forecast, by Material, 2017‒2031

        5.1.1. Metal

        5.1.2. Polymer

        5.1.3. Ceramic

        5.1.4. Plaster and Starch

        5.1.5. Foundry Sand Parts

    5.2. Global Product Prototyping Market Attractiveness Analysis, by Material

6. Global Product Prototyping Market Analysis, by Type

    6.1. Global Product Prototyping Market Size (US$ Mn) Analysis & Forecast, by Type, 2017‒2031

        6.1.1. Proof-of-Concept (PoC)

        6.1.2. Functional Prototype

            6.1.2.1. CNC Machined Prototypes

            6.1.2.2. Injection Molded Prototype

        6.1.3. Others (Visual Prototype, User Experience Prototype, etc.)

    6.2. Global Product Prototyping Market Attractiveness Analysis, by Type

7. Global Product Prototyping Market Analysis, by End-use Industry

    7.1. Global Product Prototyping Market Size (US$ Mn) Analysis & Forecast, by End-use Industry, 2017‒2031

        7.1.1. Aerospace & Defense

        7.1.2. Consumer Goods & Electronics

        7.1.3. Automotive

        7.1.4. Healthcare

        7.1.5. Others (Industrial, Manufacturing & Construction, etc.)

    7.2. Global Product Prototyping Market Attractiveness Analysis, by End-use Industry

8. Global Product Prototyping Market Analysis and Forecast, by Region

    8.1. Global Product Prototyping Market Size (US$ Mn) Analysis & Forecast, by Region, 2017 – 2031

        8.1.1. North America

        8.1.2. Europe

        8.1.3. Asia Pacific

        8.1.4. Middle East & Africa

        8.1.5. South America

    8.2. Global Product Prototyping Market Attractiveness Analysis, by Region

9. North America Product Prototyping Market Analysis and Forecast

    9.1. Market Snapshot

    9.2. North America Product Prototyping Market Size (US$ Mn) Analysis & Forecast, by Material, 2017‒2031

        9.2.1. Metal

        9.2.2. Polymer

        9.2.3. Ceramic

        9.2.4. Plaster and Starch

        9.2.5. Foundry Sand Parts

    9.3. North America Product Prototyping Market Size (US$ Mn) Analysis & Forecast, by Type, 2017‒2031

        9.3.1. Proof-of-Concept (PoC)

        9.3.2. Functional Prototype

            9.3.2.1. CNC Machined Prototypes

            9.3.2.2. Injection Molded Prototype

        9.3.3. Others (Visual Prototype, User Experience Prototype, etc.)

    9.4. North America Product Prototyping Market Size (US$ Mn) Analysis & Forecast, by End-use Industry, 2017‒2031

        9.4.1. Aerospace & Defense

        9.4.2. Consumer Goods & Electronics

        9.4.3. Automotive

        9.4.4. Healthcare

        9.4.5. Others (Industrial, Manufacturing & Construction, etc.)

    9.5. North America Product Prototyping Market Size (US$ Mn) Analysis & Forecast, by Country & Sub-region, 2017 – 2031

        9.5.1. U.S.

        9.5.2. Canada

        9.5.3. Rest of North America

    9.6. North America Product Prototyping Market Attractiveness Analysis

        9.6.1. By Material

        9.6.2. By Type

        9.6.3. By End-use Industry

        9.6.4. By Country & Sub-region

10. Europe Product Prototyping Market Analysis and Forecast

    10.1. Market Snapshot

    10.2. Europe Product Prototyping Market Size (US$ Mn) Analysis & Forecast, by Material, 2017‒2031

        10.2.1. Metal

        10.2.2. Polymer

        10.2.3. Ceramic

        10.2.4. Plaster and Starch

        10.2.5. Foundry Sand Parts

    10.3. Europe Product Prototyping Market Size (US$ Mn) Analysis & Forecast, by Type, 2017‒2031

        10.3.1. Proof-of-Concept (PoC)

        10.3.2. Functional Prototype

            10.3.2.1. CNC Machined Prototypes

            10.3.2.2. Injection Molded Prototype

        10.3.3. Others (Visual Prototype, User Experience Prototype, etc.)

    10.4. Europe Product Prototyping Market Size (US$ Mn) Analysis & Forecast, by End-use Industry, 2017‒2031

        10.4.1. Aerospace & Defense

        10.4.2. Consumer Goods & Electronics

        10.4.3. Automotive

        10.4.4. Healthcare

        10.4.5. Others (Industrial, Manufacturing & Construction, etc.)

    10.5. Europe Product Prototyping Market Size (US$ Mn) Analysis & Forecast, by Country & Sub-region, 2017‒2031

        10.5.1. U.K.

        10.5.2. Germany

        10.5.3. France

        10.5.4. Rest of Europe

    10.6. Europe Product Prototyping Market Attractiveness Analysis

        10.6.1. By Material

        10.6.2. By Type

        10.6.3. By End-use Industry

        10.6.4. By Country & Sub-region

11. Asia Pacific Product Prototyping Market Analysis and Forecast

    11.1. Market Snapshot

    11.2. Asia Pacific Product Prototyping Market Size (US$ Mn) Analysis & Forecast, by Material, 2017‒2031

        11.2.1. Metal

        11.2.2. Polymer

        11.2.3. Ceramic

        11.2.4. Plaster and Starch

        11.2.5. Foundry Sand Parts

    11.3. Asia Pacific Product Prototyping Market Size (US$ Mn) Analysis & Forecast, by Type, 2017‒2031

        11.3.1. Proof-of-Concept (PoC)

        11.3.2. Functional Prototype

            11.3.2.1. CNC Machined Prototypes

            11.3.2.2. Injection Molded Prototype

        11.3.3. Others (Visual Prototype, User Experience Prototype, etc.)

    11.4. Asia Pacific Product Prototyping Market Size (US$ Mn) Analysis & Forecast, by End-use Industry, 2017‒2031

        11.4.1. Aerospace & Defense

        11.4.2. Consumer Goods & Electronics

        11.4.3. Automotive

        11.4.4. Healthcare

        11.4.5. Others (Industrial, Manufacturing & Construction, etc.)

    11.5. Asia Pacific Product Prototyping Market Size (US$ Mn) Analysis & Forecast, by Country & Sub-region, 2017‒2031

        11.5.1. China

        11.5.2. India

        11.5.3. Japan

        11.5.4. South Korea

        11.5.5. ASEAN

        11.5.6. Rest of Asia Pacific

    11.6. Asia Pacific Product Prototyping Market Attractiveness Analysis

        11.6.1. By Material

        11.6.2. By Type

        11.6.3. By End-use Industry

        11.6.4. By Country & Sub-region

12. Middle East & Africa (MEA) Product Prototyping Market Analysis and Forecast

    12.1. Market Snapshot

    12.2. MEA Product Prototyping Market Size (US$ Mn) Analysis & Forecast, by Material, 2017‒2031

        12.2.1. Metal

        12.2.2. Polymer

        12.2.3. Ceramic

        12.2.4. Plaster and Starch

        12.2.5. Foundry Sand Parts

    12.3. MEA Product Prototyping Market Size (US$ Mn) Analysis & Forecast, by Type, 2017‒2031

        12.3.1. Proof-of-Concept (PoC)

        12.3.2. Functional Prototype

            12.3.2.1. CNC Machined Prototypes

            12.3.2.2. Injection Molded Prototype

        12.3.3. Others (Visual Prototype, User Experience Prototype, etc.)

    12.4. MEA Product Prototyping Market Size (US$ Mn) Analysis & Forecast, by End-use Industry, 2017‒2031

        12.4.1. Aerospace & Defense

        12.4.2. Consumer Goods & Electronics

        12.4.3. Automotive

        12.4.4. Healthcare

        12.4.5. Others (Industrial, Manufacturing & Construction, etc.)

    12.5. MEA Product Prototyping Market Size (US$ Mn) Analysis & Forecast, by Country & Sub-region, 2017‒2031

        12.5.1. GCC

        12.5.2. South Africa

        12.5.3. Rest of Middle East & Africa

    12.6. MEA Product Prototyping Market Attractiveness Analysis

        12.6.1. By Material

        12.6.2. By Type

        12.6.3. By End-use Industry

        12.6.4. By Country & Sub-region

13. South America Product Prototyping Market Analysis and Forecast

    13.1. Market Snapshot

    13.2. South America Product Prototyping Market Size (US$ Mn) Analysis & Forecast, by Material, 2017‒2031

        13.2.1. Metal

        13.2.2. Polymer

        13.2.3. Ceramic

        13.2.4. Plaster and Starch

        13.2.5. Foundry Sand Parts

    13.3. South America Product Prototyping Market Size (US$ Mn) Analysis & Forecast, by Type, 2017‒2031

        13.3.1. Proof-of-Concept (PoC)

        13.3.2. Functional Prototype

            13.3.2.1. CNC Machined Prototypes

            13.3.2.2. Injection Molded Prototype

        13.3.3. Others (Visual Prototype, User Experience Prototype, etc.)

    13.4. South America Product Prototyping Market Size (US$ Mn) Analysis & Forecast, by End-use Industry, 2017‒2031

        13.4.1. Aerospace & Defense

        13.4.2. Consumer Goods & Electronics

        13.4.3. Automotive

        13.4.4. Healthcare

        13.4.5. Others (Industrial, Manufacturing & Construction, etc.)

    13.5. South America Product Prototyping Market Size (US$ Mn) Analysis & Forecast, by Country & Sub-region, 2017‒2031

        13.5.1. Brazil

        13.5.2. Rest of South America

    13.6. South America Product Prototyping Market Attractiveness Analysis

        13.6.1. By Material

        13.6.2. By Type

        13.6.3. By End-use Industry

        13.6.4. By Country & Sub-region

14. Competition Assessment

    14.1. Global Product Prototyping Market Competition Matrix - a Dashboard View

    14.2. Global Product Prototyping Market Company Share Analysis, by Value (2020)

    14.3. Technological Differentiator

15. Company Profiles (Manufacturers/Suppliers)

    15.1. 3E Rapid Prototyping Ltd.

        15.1.1. Overview

        15.1.2. Product Portfolio

        15.1.3. Sales Footprint

        15.1.4. Key Subsidiaries or Distributors

        15.1.5. Strategy and Recent Developments

        15.1.6. Key Financials

    15.2. ARRK North America, Inc.

        15.2.1. Overview

        15.2.2. Product Portfolio

        15.2.3. Sales Footprint

        15.2.4. Key Subsidiaries or Distributors

        15.2.5. Strategy and Recent Developments

        15.2.6. Key Financials

    15.3. Avench Systems

        15.3.1. Overview

        15.3.2. Product Portfolio

        15.3.3. Sales Footprint

        15.3.4. Key Subsidiaries or Distributors

        15.3.5. Strategy and Recent Developments

        15.3.6. Key Financials

    15.4. Avid Product Development, LLC

        15.4.1. Overview

        15.4.2. Product Portfolio

        15.4.3. Sales Footprint

        15.4.4. Key Subsidiaries or Distributors

        15.4.5. Strategy and Recent Developments

        15.4.6. Key Financials

    15.5. CADX Tools & Technologies Pvt Ltd

        15.5.1. Overview

        15.5.2. Product Portfolio

        15.5.3. Sales Footprint

        15.5.4. Key Subsidiaries or Distributors

        15.5.5. Strategy and Recent Developments

        15.5.6. Key Financials

    15.6. Core Molding Technologies, Inc.

        15.6.1. Overview

        15.6.2. Product Portfolio

        15.6.3. Sales Footprint

        15.6.4. Key Subsidiaries or Distributors

        15.6.5. Strategy and Recent Developments

        15.6.6. Key Financials

    15.7. Fast Radius, Inc.

        15.7.1. Overview

        15.7.2. Product Portfolio

        15.7.3. Sales Footprint

        15.7.4. Key Subsidiaries or Distributors

        15.7.5. Strategy and Recent Developments

        15.7.6. Key Financials

    15.8. Fathom Digital Manufacturing Corporation

        15.8.1. Overview

        15.8.2. Product Portfolio

        15.8.3. Sales Footprint

        15.8.4. Key Subsidiaries or Distributors

        15.8.5. Strategy and Recent Developments

        15.8.6. Key Financials

    15.9. Fictiv

        15.9.1. Overview

        15.9.2. Product Portfolio

        15.9.3. Sales Footprint

        15.9.4. Key Subsidiaries or Distributors

        15.9.5. Strategy and Recent Developments

        15.9.6. Key Financials

    15.10. Graphler Technology Solutions

        15.10.1. Overview

        15.10.2. Product Portfolio

        15.10.3. Sales Footprint

        15.10.4. Key Subsidiaries or Distributors

        15.10.5. Strategy and Recent Developments

        15.10.6. Key Financials

    15.11. Hidden Brains Infotech

        15.11.1. Overview

        15.11.2. Product Portfolio

        15.11.3. Sales Footprint

        15.11.4. Key Subsidiaries or Distributors

        15.11.5. Strategy and Recent Developments

        15.11.6. Key Financials

    15.12. Kickr Design, LLC

        15.12.1. Overview

        15.12.2. Product Portfolio

        15.12.3. Sales Footprint

        15.12.4. Key Subsidiaries or Distributors

        15.12.5. Strategy and Recent Developments

        15.12.6. Key Financials

    15.13. Model Solution Co., Ltd. 15

        15.13.1. Overview

        15.13.2. Product Portfolio

        15.13.3. Sales Footprint

        15.13.4. Key Subsidiaries or Distributors

        15.13.5. Strategy and Recent Developments

        15.13.6. Key Financials

    15.14. Pivot International

        15.14.1. Overview

        15.14.2. Product Portfolio

        15.14.3. Sales Footprint

        15.14.4. Key Subsidiaries or Distributors

        15.14.5. Strategy and Recent Developments

        15.14.6. Key Financials

    15.15. Proto Labs, Inc.

        15.15.1. Overview

        15.15.2. Product Portfolio

        15.15.3. Sales Footprint

        15.15.4. Key Subsidiaries or Distributors

        15.15.5. Strategy and Recent Developments

        15.15.6. Key Financials

    15.16. ProtoCAM

        15.16.1. Overview

        15.16.2. Product Portfolio

        15.16.3. Sales Footprint

        15.16.4. Key Subsidiaries or Distributors

        15.16.5. Strategy and Recent Developments

        15.16.6. Key Financials

    15.17. Star Rapid, Ltd

        15.17.1. Overview

        15.17.2. Product Portfolio

        15.17.3. Sales Footprint

        15.17.4. Key Subsidiaries or Distributors

        15.17.5. Strategy and Recent Developments

        15.17.6. Key Financials

    15.18. Stratasys Ltd.

        15.18.1. Overview

        15.18.2. Product Portfolio

        15.18.3. Sales Footprint

        15.18.4. Key Subsidiaries or Distributors

        15.18.5. Strategy and Recent Developments

        15.18.6. Key Financials

16. Recommendation

    16.1. Opportunity Assessment

        16.1.1. By Material.

        16.1.2. By Type

        16.1.3. By End-use Industry

        16.1.4. By Region

List of Tables

Table 1: Global Product Prototyping Market Value (US$ Mn) & Forecast, by Material, 2017‒2031 

Table 2: Global Product Prototyping Market Value (US$ Mn) & Forecast, by Type, 2017‒2031

Table 3: Global Product Prototyping Market Value (US$ Mn) & Forecast, by End-use Industry, 2017‒2033

Table 4: Global Product Prototyping Market Value (US$ Mn) & Forecast, by Region, 2017‒2031

Table 5: North America Product Prototyping Market Value (US$ Mn) & Forecast, by Material, 2017‒2031

Table 6: North America Product Prototyping Market Value (US$ Mn) & Forecast, by Type, 2017‒2031

Table 7: North America Product Prototyping Market Value (US$ Mn) & Forecast, by End-use Industry, 2017‒2033

Table 8: North America Product Prototyping Market Value (US$ Mn) & Forecast, by Country & Sub-region, 2017‒2031

Table 9: Europe Product Prototyping Market Value (US$ Mn) & Forecast, by Material, 2017‒2031 

Table 10: Europe Product Prototyping Market Value (US$ Mn) & Forecast, by Type, 2017‒2031

Table 11: Europe Product Prototyping Market Value (US$ Mn) & Forecast, by End-use Industry, 2017‒2033

Table 12: Europe Product Prototyping Market Value (US$ Mn) & Forecast, by Country & Sub-region, 2017‒2031

Table 13: Asia Pacific Product Prototyping Market Value (US$ Mn) & Forecast, by Material, 2017‒2031

Table 14: Asia Pacific Product Prototyping Market Value (US$ Mn) & Forecast, by Type, 2017‒2031

Table 15: Asia Pacific Product Prototyping Market Value (US$ Mn) & Forecast, by End-use Industry, 2017‒2033

Table 16: Asia Pacific Product Prototyping Market Value (US$ Mn) & Forecast, by Country & Sub-region, 2017‒2031

Table 17: MEA Product Prototyping Market Value (US$ Mn) & Forecast, by Material, 2017‒2031

Table 18: MEA Product Prototyping Market Value (US$ Mn) & Forecast, by Type, 2017‒2031

Table 19: MEA Product Prototyping Market Value (US$ Mn) & Forecast, by End-use Industry, 2017‒2033

Table 20: MEA Product Prototyping Market Value (US$ Mn) & Forecast, by Country & Sub-region, 2017‒2031

Table 21: South America Product Prototyping Market Value (US$ Mn) & Forecast, by Material, 2017‒2031 

Table 22: South America Product Prototyping Market Value (US$ Mn) & Forecast, by Type, 2017‒2031

Table 23: South America Product Prototyping Market Value (US$ Mn) & Forecast, by End-use Industry, 2017‒2033

Table 24: South America Product Prototyping Market Value (US$ Mn) & Forecast, by Country & Sub-region, 2017‒2031

List of Figures

Figure 01: Global Product Prototyping Market Size & Forecast, Value (US$ Mn), 2017‒2031

Figure 02: Global Product Prototyping Market Projections by Material, Value (US$ Mn), 2017‒2031

Figure 03: Global Product Prototyping Market, Incremental Opportunity, by Material, 2021‒2031

Figure 04: Global Product Prototyping Market Share Analysis, by Material, 2021 and 2031

Figure 05: Global Product Prototyping Market Projections by Type, Value (US$ Mn), 2017‒2031

Figure 06: Global Product Prototyping Market, Incremental Opportunity, by Type, 2021‒2031

Figure 07: Global Product Prototyping Market Share Analysis, by Type, 2021 and 2031

Figure 08: Global Product Prototyping Market Projections by End-use Industry, Value (US$ Mn), 2017‒2031

Figure 09: Global Product Prototyping Market, Incremental Opportunity, by End-use Industry, 2021‒2031

Figure 10: Global Product Prototyping Market Share Analysis, by End-use Industry, 2021 and 2031

Figure 11: Global Product Prototyping Market Projections by Region, Value (US$ Mn), 2017‒2031

Figure 12: Global Product Prototyping Market, Incremental Opportunity, by Region, 2021‒2031

Figure 13: Global Product Prototyping Market Share Analysis, by Region, 2021 and 2031

Figure 14: North America Product Prototyping Market Size & Forecast, Value (US$ Mn), 2017‒2031

Figure 15: North America Product Prototyping Market Projections by Material, Value (US$ Mn), 2017‒2031

Figure 16: North America Product Prototyping Market, Incremental Opportunity, by Material, 2021‒2031

Figure 17: North America Product Prototyping Market Share Analysis, by Material, 2021 and 2031

Figure 18: North America Product Prototyping Market Projections by Type, Value (US$ Mn), 2017‒2031

Figure 19: North America Product Prototyping Market, Incremental Opportunity, by Type, 2021‒2031

Figure 20: North America Product Prototyping Market Share Analysis, by Type, 2021 and 2031

Figure 21: North America Product Prototyping Market Projections by End-use Industry, Value (US$ Mn), 2017‒2031

Figure 22: North America Product Prototyping Market, Incremental Opportunity, by End-use Industry, 2021‒2031

Figure 23: North America Product Prototyping Market Share Analysis, by End-use Industry, 2021 and 2031

Figure 24: North America Product Prototyping Market Projections by Country & Sub-region, Value (US$ Mn), 2017‒2031

Figure 25: North America Product Prototyping Market, Incremental Opportunity, by Country & Sub-region, 2021‒2031

Figure 26: North America Product Prototyping Market Share Analysis, by Country & Sub-region, 2021 and 2031

Figure 27: Europe Product Prototyping Market Size & Forecast, Value (US$ Mn), 2017‒2031

Figure 28: Europe Product Prototyping Market Projections by Material, Value (US$ Mn), 2017‒2031

Figure 29: Europe Product Prototyping Market, Incremental Opportunity, by Material, 2021‒2031

Figure 30: Europe Product Prototyping Market Share Analysis, by Material, 2021 and 2031

Figure 31: Europe Product Prototyping Market Projections by Type, Value (US$ Mn), 2017‒2031

Figure 32: Europe Product Prototyping Market, Incremental Opportunity, by Type, 2021‒2031

Figure 33: Europe Product Prototyping Market Share Analysis, by Type, 2021 and 2031

Figure 34: Europe Product Prototyping Market Projections by End-use Industry, Value (US$ Mn), 2017‒2031

Figure 35: Europe Product Prototyping Market, Incremental Opportunity, by End-use Industry, 2021‒2031

Figure 36: Europe Product Prototyping Market Share Analysis, by End-use Industry, 2021 and 2031

Figure 37: Europe Product Prototyping Market Projections by Country & Sub-region, Value (US$ Mn),Value (US$ Mn), 2017‒2031

Figure 38: Europe Product Prototyping Market, Incremental Opportunity, by Country & Sub-region, 2021‒2031

Figure 39: Europe Product Prototyping Market Share Analysis, by Country & Sub-region, 2021 and 2031

Figure 40: Asia Pacific Product Prototyping Market Size & Forecast, Value (US$ Mn), 2017‒2031

Figure 41: Asia Pacific Product Prototyping Market Projections by Material, Value (US$ Mn), 2017‒2031

Figure 42: Asia Pacific Product Prototyping Market, Incremental Opportunity, by Material, 2021‒2031

Figure 43: Asia Pacific Product Prototyping Market Share Analysis, by Material, 2021 and 2031

Figure 44: Asia Pacific Product Prototyping Market Projections by Type, Value (US$ Mn), 2017‒2031

Figure 45: Asia Pacific Product Prototyping Market, Incremental Opportunity, by Type, 2021‒2031

Figure 46: Asia Pacific Product Prototyping Market Share Analysis, by Type, 2021 and 2031

Figure 47: Asia Pacific Product Prototyping Market Projections by End-use Industry, Value (US$ Mn), 2017‒2031

Figure 48: Asia Pacific Product Prototyping Market, Incremental Opportunity, by End-use Industry, 2021‒2031

Figure 49: Asia Pacific Product Prototyping Market Share Analysis, by End-use Industry, 2021 and 2031

Figure 50: Asia Pacific Product Prototyping Market Projections by Country & Sub-region, Value (US$ Mn), 2017‒2031

Figure 51: Asia Pacific Product Prototyping Market, Incremental Opportunity, by Country & Sub-region, 2021‒2031

Figure 52: Asia Pacific Product Prototyping Market Share Analysis, by Country & Sub-region, Value (US$ Mn), 2017‒2031

Figure 53: MEA Product Prototyping Market Size & Forecast, Value (US$ Mn), 2017‒2031

Figure 54: MEA Product Prototyping Market Projections by Material, Value (US$ Mn), 2017‒2031

Figure 55: MEA Product Prototyping Market, Incremental Opportunity, by Material, 2021‒2031

Figure 56: MEA Product Prototyping Market Share Analysis, by Material, 2021 and 2031

Figure 57: MEA Product Prototyping Market Projections by Type, Value (US$ Mn), 2017‒2031

Figure 58: MEA Product Prototyping Market, Incremental Opportunity, by Type, 2021‒2031

Figure 59: MEA Product Prototyping Market Share Analysis, by Type, 2021 and 2031

Figure 60: MEA Product Prototyping Market Projections by Country & Sub-region, Value (US$ Mn), 2017‒2031

Figure 61: MEA Product Prototyping Market Projections by End-use Industry, Value (US$ Mn), 2017‒2031

Figure 62: MEA Product Prototyping Market, Incremental Opportunity, by End-use Industry, 2021‒2031

Figure 63: MEA Product Prototyping Market Share Analysis, by End-use Industry, 2021 and 2031

Figure 64: MEA Product Prototyping Market, Incremental Opportunity, by Country & Sub-region, 2021‒2031

Figure 65: MEA Product Prototyping Market Share Analysis, by Country & Sub-region, 2021 and 2031

Figure 66: MEA Product Prototyping Market Share Analysis, by Country & Sub-region, Value (US$ Mn), 2017‒2031

Figure 67: South America Product Prototyping Market Projections by Material, Value (US$ Mn), 2017‒2031

Figure 68: South America Product Prototyping Market, Incremental Opportunity, by Material, 2021‒2031

Figure 69: South America Product Prototyping Market Share Analysis, by Material, 2021 and 2031

Figure 70: South America Product Prototyping Market Projections by Type, Value (US$ Mn), 2017‒2031

Figure 71: South America Product Prototyping Market, Incremental Opportunity, by Type, 2021‒2031

Figure 72: South America Product Prototyping Market Share Analysis, by Type, 2021 and 2031

Figure 73: South America Product Prototyping Market Projections by End-use Industry, Value (US$ Mn), 2017‒2031

Figure 74: South America Product Prototyping Market, Incremental Opportunity, by End-use Industry, 2021‒2031

Figure 75: South America Product Prototyping Market Share Analysis, by End-use Industry, 2021 and 2031

Figure 76: South America Product Prototyping Market Projections by Country & Sub-region, Value (US$ Mn), 2017‒2031

Figure 77: South America Product Prototyping Market, Incremental Opportunity, by Country & Sub-region, 2021‒2031

Figure 78: South America Product Prototyping Market Share Analysis, by Country & Sub-region, 2021 and 2031

Figure 79: Product Prototyping Market Company Share Analysis

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Product Prototyping Market