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Worldwide Spending on 3D Printing to Grow from Nearly $11 Billion to $26.7 Billion by 2019

by • January 24, 2016 • No Comments

3dp_idc_logoAccording to the Semiyearly 3D Printing Spending Guide only released by International Data Corporation (IDC) the 3D printing industry is going to be quickly growing in the future three years. The global market intelligence and advisory services provider is predicting that 3D printing can expand globally at a 27% compound yearly growth rate. IDC says that the just about $11 billion industry in 2015 can balloon to $26.7 billion by 2019. This is one of the most rapidly rates of growth yet predicted for 3D printing, where it is expected that the West European, Asian and United States markets can primarily drive the growth.

The new 3D Printing Spending Guide released by IDC significantly expands on their previous efforts by focvia extra
on individual industries, technologies, geographic regions and use cases. IDC expanded their focus to provide extra
detailed analysis of 3D printing buying trends that may highlight the areas with the most and the very least expected growth. This is an acknowledgement that the 3D printing industry is far extra
segmented than most industry trend reports tend to recognize. The industrial 3D printing market is vastly various of the computer 3D printing device market that is vastly various of the biomedical 3D printing market, with every revealing dramatically varied growth rates over the past year.

“3D printing has been a mainstay in specialized discrete making markets like car and aerospace for most years. But, in only the past three years, lower-priced 3D printing devices and inexpensive
materials have dramatically widened the market for 3D printing to now enable consumer, education, healthcare and extra
making markets. That said, 3D printing availability does not translate similarly across industries. Vendors and service providers require to know how differences in use cases, materials cost, and end customer expectation are uniquely shaping every market,” explained Vice President of IDC’s Consumer Insights and Analysis Group Christopher Chute.

2015s $11 billion 3D printing industry is expected to balloon to $26.7 billion by 2019.

2015’s $11 billion 3D printing industry is expected to balloon to $26.7 billion by 2019.

The IDC guideline suggests that the expected high rate of growth and expansion can be driven primarily by a few nominate industries pretty than a cumulative effect over the entire industry. Specifically businesses that previously sold and manufactured mass-generated products can now be capable of attainable customization that can greater service individual requires and requirements. Whilst overall the United States, Western Europe and Asia can be responsible for most of the industry growth, the IDC expects that 3D printing can go on to create quickly in several emerging markets throughout the world.

“IDC’s 3D printing research indicates that the 3D printing device market is primed and eager for greater mainstream adoption. There is sturdy appeal for this innovation across several markets, and regions,” said Keith Kmetz, IDC’s Program Vice President of Imaging, Printing and Document Solutions research.

3dp_idc_3dplatformThe aggregate share of global 3D printing spending by the United States, West European and Asian markets is expected to rise of the 59.2% recorded in 2014 to an estimated 70% by 2019. This can be a outcome of a greater adoption of 3D printing applications inside the industrial sector. China in particular is expected to become a major market for 3D printing hardware, products and services as they start to heavily leverage their pre-existing making and distribution infrastructure.

The Worldwide Semiyearly 3D Printing Spending Guide generated by IDC focuses on any innovation that empowers the creation of physical objects and shapes generated via material that is laid down in successive layers upon itself via digital models or files. The guideline compiles spending data for extra
than twenty additive making applications across twenty industries which include making, education, healthcare and construction in eight global regions. The guideline in addition offers data for all 3D printing hardware, materials, software, and services.