Global spending on 3D printing hit nearly $11-billion in 2015, according to International Data Corporation (IDC). By 2019, that figure will surge to nearly $27-billion.
The IDC’s “Worldwide Semi-annual 3D printing Spending Guide” forecasts a 27% compound annual growth rate (CAGR) from 2015 to 2019, when worldwide spending on 3D printing is expected to hit $26.7-billion. More affordable 3D printers and 3D printing materials are credited for the industry’s growth in the past three years.
Asia-Pacific, the US, and Western Europe are expected to increase their combined share of global spending on 3D printing from 59,2% in 2014 to 70% by 2019, according to IDC. China is projected to become the leading market for 3D printing hardware and services.
Through the first three quarters of 2015, worldwide shipments of 3D printers rose 35% year, according to data from IT market research company CONTEXT, cited by investment research firm Morningstar.
“Of the total 173 962 units shipped year-to-date, 95% of these were personal/desktop printers, mostly priced below $5 000,” according to the firm. This reflects a 38% year-over-year growth for this subcategory of the industry. The industrial/professional segment, however, declined 3%.
Taiwan-based XYZprinting was the leader in the desktop/personal printer space through the first three quarters of 2015, boasting a 17% global market share. 3D Systems (12%), Stratasys (9%), Ultimaker (9%), and M3D (9%) rounded out the top five.
By Jason Hahn for www.digitaltrends.com