This year, the global 3D printing market will exceed 5 billion U.S. dollars

At the beginning of the development of 3D printing, its application was generally limited to prototype production or handicraft printing. With the maturing of 3D printing technology, 3D printing has become more widely used in automotive, aerospace, medical, education, and consumer electronics. Among them, the development of 3D printing in the aviation and automotive fields has become more mature. Biomedicine has become a hot area for recent 3D printing research.

In 2014, the global 3D printer application industry was distributed as: industrial applications 20.2%, consumer electronics 18.7%, automotive manufacturing 16.7%, medical 15%, aviation 11.8%, academic research 5.5%, and other 12.1%. Industrial applications in the global 3D printer application industry has significantly increased from 11.4% in 2010 to 20.2% in 2014. The future of large-scale industrial applications is expected to usher in explosive growth in the global 3D printing market.

According to the Harvard Business Review, more than 30% of the top 300 global companies are considering or using 3D printing by 2015. The increasing acceptance of 3D printing in various fields shows that its development has reached a critical transition period, from the previous use of only small-scale, personalized manufacturing to an important complement to the mainstream production model.

According to Wohlers report, in the past six years, the global 3D printing market revenue has grown at a rapid rate of 0.1% CAGR. By 2014, the global 3D printing market revenue has reached US$4.1 billion, an increase of over US$1 billion over 2013, an increase of 36.7%.

From the perspective of the global number of 3D printers, Europe and the United States are the most important market regions for 3D printing in the world, with Europe and the United States accounting for close to 70%. Europe and the United States have always been in the leading position in the 3D printing industry. According to Wohlers report, in the global 3D printer market in 2013, European and American countries together accounted for about 70% of the market, of which North American market share was 40%, and European market share was 29%.

From the perspective of the global industrial-grade 3D printers, the United States, Japan and Germany account for more than 50% of the total. In the industrial 3D printer market, U.S., Japan and Germany accounted for the top three of the world's industrial 3D printers in 2013, accounting for more than 50% of the total, of which the United States accounted for 38.0%, Japan accounted for 9.4%, and Germany accounted for 9.1%.

According to IMF statistics, the total global GDP in 2014 was 77.3 trillion U.S. dollars, which is calculated as 15% of the total GDP of the manufacturing industry. Then, the output value of the manufacturing industry is 11.6 trillion U.S. dollars. Assuming that 3D printing can account for 1% of manufacturing output, 3D printing will have a $120 billion market. In fact, the output value of 3D printing in 2014 was only US$4.1 billion, accounting for only 0.03% of the manufacturing market, and there is still huge room for growth. It is expected that the global 3D printing market will reach US$12.6 billion in 2018.

According to Wohlers and iiMedia, the future 3D printing industry will continue to grow at a high speed. The global 3D printing market will exceed 5 billion U.S. dollars in 2015, exceed 10 billion U.S. dollars in 2018, and have an average annual compound growth rate of 32.4% in 2014-2018.

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