The 3D printer market continues to rise.
The 3D printer market continues to rise. Sales grew by 18% in 2016 with shipments increasing by 29%.
Demand for 3D printers is strongest within the Asia-Pacific region. However, the North American market, despite a small recovery, still saw sales down from the previous 12-month period.
Shipments in specialist manufacturing for the technology sector saw the largest growth at 30%. Meanwhile, sales of powder-bed fusion-based printers increased by almost 40%.
Keith Kmetz, Program Vice President, 3D Printing at the International Data Corporation (IDC), who produced the figures states:
“3D printing will enable revolutionary opportunities in commercial and industrial applications, with earliest success in manufacturing and healthcare. Our predictions create a framework for IT and line-of-business executives to plan and execute technology-related initiatives in the year ahead.”
3D Printing Market Predictions for 2022
Another report on the 3D printing market by Markets and Markets predicts that the sector will be worth $30.19 billion by 2022. North America will have the biggest share of the market and will also be the main influence on the development of the sector.
The desktop 3D market is expected to see the highest growth rate. This is due to the increase in demand for 3D printers in schools and universities. Creating sculptures, custom avatars and characters will also increase sales in terms of personal use.
Laser metal deposition (LMD) printing technology will also continue to grow. This will ensure the reduction of:
- Material waste during the printing process
- Tooling costs
- Cost of repairs
Lead time will also be reduced and there will be the opportunity to optimise customisation in line with customer requirements.