3D printing revenue is expected to grow by 56%

Research firm Canalys estimates that the overall sales revenue of 3D printers and related materials/services is expected to increase by 56% to US$5.2 billion in 2015, a compound annual growth rate of 44% between 2014 and 2019, and the total sales revenue will reach 202 by 2019 One hundred million U.S. dollars.

Analysts at the agency said that the increase in printing speed, the use of new printing materials, and new manufacturing methods have jointly boosted the growth of the 3D printing industry. At the same time, companies in the industry have increased significantly, especially in Asia. In the next five years, more companies will build their own markets. Some leading companies, such as Stratasys and 3D Systems, will benefit from the growth of the entire industry and find their own dominant areas. Of course, they will also face new challenges.

The agency believes that in terms of corporate demand, the aviation, automotive and pharmaceutical markets will continue to be the main growth drivers for 3D printing. General Electric, Boeing and BMW continue to invest heavily in 3D printing technology. In the personal consumer market, $500 is seen as a "sweet spot" that allows consumers to make impulse buying decisions.

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