3D-Printing Market to Reach $23.0 Billion in 2022

Originally published at www.idc.com/

IDC Forecasts Worldwide Spending on 3D Printing to Reach $23 Billion in 2022

International Data Corporation (IDC) report global spending on 3D printing (including hardware, materials, software, and services) growing to $23.0 billion in 2022 with a five-year compound annual growth rate (CAGR) of 18.4%. IDC forecasts worldwide spending to exceed $14.0 billion in 2019, an increase of 23.2% over 2018.

Together, 3D printers and materials will account for roughly two thirds of the worldwide spending total throughout the forecast, reaching $7.8 billion and $8.0 billion respectively in 2022. Services spending will reach $4.8 billion in 2022, led by on-demand parts services and systems integration services. Purchases of 3DP software will grow more slowly than the overall market with a five-year CAGR of 16.7%.

The United States will be the region with the largest spending total in 2019 ($5.4 billion) followed by Western Europe ($4.0 billion). Together, these two regions will provide nearly two thirds of all 3D printing spending throughout the forecast. China will be the third largest region with more than $1.9 billion in spending, followed by Asia/Pacific (excluding Japan) Central and Eastern Europe (CEE), the Middle East and Africa (MEA).

The leading use cases for 3D printing are prototypes, aftermarket parts, and parts for new products. These three use cases will account for 45% of worldwide spending in 2019. Dental objects and medical support objects and tissue/organ/bone printing will see five-year CAGRs exceeding 21%.

Detailed information at: www.idc.com/