Business

Worldwide growth for 3D printing market

3d-print-hub-parmaStrong and fast growth for the global market of 3D printing, according a new report from Wohlers Associates. The research firm said that sales of “personal” 3D printers priced under $5,000 (€3,590) — as well as the direct manufacturing of finished parts — will fuel strong growth over the next several years.

The market grew to $3.07bn (€2.20bn) in 2013. That marked a compound annual growth rate of 34.9%. The compounded annual growth rate for the past three years was 32.3%. The data includes all products and services, including 3D printing machinery.

Wohlers Associates, based in Fort Collins, Colorado, said the growth of worldwide revenue has averaged 27% over the past 26 years. Tim Caffrey, senior consultant at the firm, said the low-priced personal printers, plus the use of higher-end machines to produce parts — especially ones from metal — that go into final products, means the sector has a good future. “The industry is experiencing change that we have not seen in 20-plus years of tracking it – Caffrey said – What’s most exciting is that we have barely scratched the surface of what’s possible.”

The 276-page report gives an in-depth review and analysis of the 3D printing business, also known as additive manufacturing. It includes industry growth, competitive products and services and a future-looking perspective.

In the picture, the 3D print hub, an international appointment to identify trends and development of 3D printing. The event will be divided into itinerant parts and will take place at the same time of some B2B trade shows, that are already established, in order to examine in depth the subjects of 3D printing in vertical production sectors. Click here to know next dates.

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