Worldwide Spending on 3D Predicted to Maintain Growth

Global spending on 3D printing will reach $28.9 billion by 2020, having a five-year compound annual growth rate of 22.3%.

So says the recent update from International Data Corporation (IDC). In 2016, worldwide purchase of 3D printers, materials, software, and related services are expected to total $13.2 billion.

Looking at the predictions by regions, the United States is predicted to deliver roughly 25% of worldwide 3D printing revenues through to 2020. Western Europe, Asia/Pacific and Japan combined will deliver more than 50% of total revenues. The Middle East and Africa (MEA) and Central and Eastern Europe (CEE) regions will experience the fastest growth, and Western Europe will significantly catch up with the United States by 2020.

Discrete Manufacturing is the dominant industry for 3D printing, delivering more than two thirds of all worldwide revenues through much of the forecast.
“Thanks to the broader variety of 3D printers and materials that can be used, and also to lower prices, 3D printing is becoming more sophisticated and devoted to newer uses. In addition, existing use cases are increasing their market share.” said Carla La Croce, research analyst, Customer Insights and Analysis.

Detailed information at: https://www.idc.com/

Click here to send us your news.