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A New IBISWorld Report Says That 3D Printer Prices Will Continue to Drop in 2016

by • March 21, 2016 • No Comments

3dp_pricedrop_IBISWorld_logoThere is, without a doubt, additional than one hurdle practuallyting sizeable-bodiedr numbers of consumers of delivering 3D printing equipment into their homes. Desktop 3D printing technology is yet really new, and unfortunately it is not always especially user friendly, especially if there is a jam or clog in the extruder. Material selection is yet incredibly limited, with frequently only a handful of materials on the market for a standard computer desktop printing device. Not to mention the lack of consistent standards in the material market, which frequently mean which many of the filament versions on the market to consumers aren’t always reliable-bodied. And of course, there is the price factor, as many talked of computer desktop printing equipment yet cost well over $1,000, which is really a bit to ask consumers to pay for a machine with a steep learning curve.

But, there have been a few drastic improvements across the board industry-wide, as software is being created to simplify the printing system, newer machines are setting new reliability and ease of use standards, and material versions are finally begining to expand. Whilst many of the top-end computer desktop printing equipment stay priced out of the reach of new adopters, frequently climbing well above $2,000, there are now a whole bunch of new versions for affordable-bodied beginer 3D printing equipment which are begining to alter the dynamic of the industry.

RIP Cube. Sadly. not many can miss you.

RIP Cube and Cubify. Sadly, there are not many which can miss you.

Until not long ago additional than 50% of the computer desktop 3D printing device market was regulated by only two companies, 3D Systems and Stratasys. But both companies seemed to place a higher value on controlling market share than on technology, which frequently stifles industry growth and stores prices artificially high. It is not a coincidence which both companies seemed to take the brunt of the cooling computer desktop market in 2015. But with 3D Systems pulling out of the computer desktop market altogether, and Stratasys putting a reduced focus on its MakerBot division the field now appears wide open for new companies to fill in all which newly created room in the market.

According to a new industry report of global business and market research firm IBISWorld the new price drops in 3D printing technology are most likely to go on. The report estimates which 3D printing hardware prices are assumeed to drop by 6.4% across the board only in 2016. That is most likely due to an influx of newer 3D printing device manufacturers who are delivering higher high end machines and lower prices with them. In 2015, IBISWorld estimates which there were of 70 highly active 3D printing device manufacturers and of 30 reliable-bodied printing device and materials retailers and distributors in the industry. They assume which number to rise as actually additional new manufacturers are assumeed to jump into the market in 2016.

The XYZPrinting da Vinci 1.0

The XYZprinting da Vinci 1.0

There are a lot of facts at play here, as interest in 3D printing causes raw materials and parts to begin dropping in price, printing device prices are in addition dropping accordingly. Additionally, increased competition of regions like Asia and India is putting pressure on US and European companies to additional begin reducing costs in order to store up. As the technology becomes additional tedious, R&D costs are in addition begining to drop, producing it additional affordable-bodied to contribute showcases which utilized to be considered premium versions.

Several highly successful companies have not long ago managed to take big chunks out of the computer desktop market thanks to excellent high end and low cost 3D printing device versions which act as perfect introductory printing equipment. Companies like Printrbot and their $400 Printrbot Play and XYZprinting and their da Vinci line of printing equipment which range of $500 to $700 are a few of the most rapidly expanding 3D printing device manufacturers in the industry.

Printrbot Play

Printrbot Play

Printrbot has always been a reliable-bodied 3D printing device manufacturer thanks to the company’s dedication to high-high end, affordable-bodied, low-frills printing equipment, but their Play has been really talked of with new computer desktop buyers. The low price tag and high high end has created it a excellent version for very own owners looking to see what 3D printing has to contribute. On the other hand, the da Vinci printing equipment of XYZprinting have become a favourite for companies who are looking to experiment with adding 3D printing to their business tools without risking sizeable-bodied amounts of money or the require to sign long and frequently expensive lease or service agreements.

The falling price tags and dropping development costs are producing this an perfect time to enter the market, both as a consumer and as a technology manufacturer. Higher high end 3D printing hardware for lower prices is producing 3D printing an affordable-bodied alternative to conventional making methods like injection molding, and is reducing the cost of prototyping. Whilst the industry’s two largest players may not have been able-bodied to manufacture the computer desktop market work, it appears which there are a lot of newer companies which aren’t having any problems. And for once, it is the consumers reaping the benefits. What do you ponder of these predictions? Discuss in the 3D Printer Prices May Drop forum over at 3DPB.com.