3D Printing Market Trends

Manufacturers across a broad spectrum of industries including automotive, aerospace, dental, discrete, high tech, and medical products are all actively piloting and using 3D printing technologies today. Prototyping continues to dominate the reasons why enterprises pursue 3D printing, with the opportunity of improving new product development and time-to-market being long-term goals.

These and many other take-away are from the following summarized list of 3D printing market forecasts and estimates below:

• General Electric plans to mass-produce 25,000 LEAP engine nozzles with Additive Manufacturing (AM), and already have $22B in commitments. Forecasts for growth of the AM market by equity research analysts range from: $7 billion by 2020, on 18% CAGR (Paul Coster of JP Morgan), to bull market scenarios as high as $21.3 billion by 2020, on 34% CAGR (Ben Uglow of Morgan Stanley).
• According to Wohlers Report 2014, the worldwide 3D printing industry is now expected to grow from $3.07B in revenue in 2013 to $12.8B by 2018, and exceed $21B in worldwide revenue by 2020. Wohlers Report 2013 had forecast the industry would grow to become a $10.8B industry by 2021.
• Prototyping (24.5%), product development (16.1%) and innovation (11.1%) are the three most common reasons companies are pursuing 3D printing. Of those surveyed in a recent Gartner study, 37% had just one 3D printer within their organizations, with 18% owning 10 or more. The average number of printers per organization was 5.4. Source: Gartner Survey Reveals That High Acquisition and Start-Up Costs Are Delaying Investment in 3D Printers.
• Gartner projects the 3D printing market globally will grow from $1.6B in 2015 to $13.4B in 2018, attaining a 103.1% CAGR. Allied Market Research (AMR) projects the 3D printing market will grow from $2.3B in 2013 to $8.6B in 2020, attaining a CAGR of 20.6%.
• 3D Systems’ (NYSE:DDD) sales into design and manufacturing increased 27% from 2013 to 2014, growing to $609.8M in sales. Sales into healthcare increased 80%, from $71.7M in 2013 to $129.3M in 2014. The consumer segment of 3D Systems’ business grew 26% in the last year, from $34.8M in 2013 to $43.8M in 2014.
• PwC estimates 67% of manufacturers are already using 3D printing. Of these, 28.9% are experimenting to determine how 3D printing can be optimally integrated into their production processes. 24.6% are using 3D printing for prototyping. For additional information please see the PwC Technology Forecast The Future Of 3-D printing: Moving Beyond Prototyping To Finished Products (52 pp., free, no opt in) for additional details and an in-depth analysis of the 3D printing ecosystem.
• Siemens predicts that 3D printing will become 50% cheaper and up to 400% faster in the next five years. Siemens is also predicting 3D Printing will be a €7.7B ($8.3B) global market by 2023.
• The global 3D printing market was valued $2.3B in 2013 and is anticipated to reach $8.6B by 2020, attaining CAGR of 20.6%.
• CSC has created a roadmap of 3D printing adoption across seven industries including general manufacturing and supply chain management. The roadmap illustrates how 3D printing will revolutionize industry value chains over time.
• The U.S. Postal Service (USPS) estimates turning postal processing centers into 3D printing hubs could generate an incremental $646M in commercial package revenue. These and many other fascinating insights into how the USPS could revolutionize their service model with 3D printing technologies are from the report If It Prints, It Ships: 3D Printing and the Postal Service

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