The 3D printing market will be worth $22B in 2028
From its humble beginnings in the late 1980s, through to the global force that it is today, the capabilities of 3D printing technology have expanded dramatically, to establish itself as an attractive manufacturing solution for prototyping and production.
Mar 09, 2018 Dr Bryony Core
3D printing market to be worth $22B in 2028
From its humble beginnings in the late 1980s, through to the global force that it is today, the capabilities of 3D printing technology have expanded dramatically, to establish itself as an attractive manufacturing solution for prototyping and production. Key players were quick to capitalise on this interest, and the 3D printing market will continue to grow to $22 billion in 2028. This rapid growth is analysed and implications evaluated in the latest market intelligence report from IDTechEx Technology Analyst Dr Bryony Core: 3D Printing 2018-2028: Technology and Market Analysis.
Industry stalwarts see falling revenues as metal printers are on the up
Since the hype bubble burst in 2013, 3D printing has found its place among other manufacturing methods. In particular, focus has now shifted away from the consumer and rapid prototyping, and towards the digitisation of workflows and the manufacture of production quality final products. Several industries are now seriously analysing the benefits and competitive edge that 3D printing can lend their operations, and the most eagerly anticipated technological innovations are catering to these professional users. Although heavyweights like 3D Systems and Stratasys have seen their fortunes decline over the past few years, manufacturers of metal printers look set to enjoy substantial growth over the next ten years, with annual revenues from this printer classification set to increase to almost $3 billion by 2028.
(Pictured) Desktop Metal's Studio printer in action at TCT in Birmingham, 2017, able to print 7 different metal alloys in the form of metal-polymer filaments.
Materials will see very strong growth
In recent years, printer sales have enjoyed exponential growth rates; this is set to continue as new technologies at lower price points hit the market, particularly in the metals market. In the long term, material revenues will grow at a significantly faster rate than for printers. This is due to a combination of customers seeking more cost-effective printers and materials suppliers catering to an ever-increasing installed base, with legacy machines still consuming material. In addition, 3D printing software is a route for printer manufacturers to secure long-term revenues; as printer manufacturers seek to improve the user experience in managing printer fleets, software solutions that offer tighter integration between design and manufacture will become increasingly popular. These key market growth drivers and restraints are discussed in depth in the report.
3D Printing 2018-2028: Technology and Market Analysis
3D Printing 2018-2028: Technology and Market Analysis shares insights into established metal 3D printer technologies, including established printer types compatible with polymer, metal and ceramic materials. These include Vat Photopolymerisation (SLA/DLP/CLIP), Powder Bed Fusion (SLS/DMLS/EBM); Material Extrusion, Material Jetting, Binder Jetting, Directed Energy Deposition and Sheet Lamination printers. Key technological capabilities, applicable markets, SWOT analyses and key manufacturers are discussed for each established printer type. In addition, this report cuts through the marketing hype to offer a direct comparison of the technical specifications of new printers to be unveiled in 2018 to those which have already been commercialised by market incumbents.
Readers of this new report by IDTechEx will gain a comprehensive view of the technologies, applications and markets of 3D printing. IDTechEx conducted exhaustive primary research with companies positioned throughout the entire 3D printing value chain for key insights into the trends impacting growth to 2028. Over 60 companies have been profiled, including key manufacturers Stratasys, 3D Systems, EOS, Concept Laser GmbH and Arcam AB, and more.
Learn more at the next leading event on the topic: 3D Printing USA 2019 on 20 - 21 Nov 2019 in Santa Clara Convention Center, CA, USA hosted by IDTechEx.