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Between 20, a 3D-printing industry survey showed that, although plastic was still the most common material, its share in 3D printing fell from 88 percent to 65 percent in that single year alone, while the share of metal printing rose from 28 percent to 36 percent. Plastic is fine for prototypes and certain final parts, but the trillion-dollar metal-parts fabrication market is the more important market for 3D printers to address. The biggest shift in this regard has often been away from plastic and toward metal printing. Fast-forward to the beginning of 2019, and the list of possible 3D-printable materials has expanded to more than double what it was five years earlier, and mixed-material printers are becoming more common. Plus, many parts need to be made of more than one material, a task to which the 3D printers of the time were not well suited. In 2014, the list of materials that could be used in 3D printing was already long, but still far short of the complete list of materials that are commonly used in parts manufacturing.
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Why the rebound in growth prospects? More 3D-printable materials, for one thing. Today, we predict that annual industry growth will be well above 10 percent for the next few years at least. However, it was a shallow trough, and by 2017, growth had accelerated again. As can be seen in Figure 1, the large public companies in the industry experienced mid-single-digit percentage growth in 20 (although some companies did see year-over-year revenue declines), entering a trough of lowered expectations after the excessive hopes of the previous years. Overhyped, the industry slowed, though it did not collapse. In reality, at that time, 3D printers were largely being used to make plastic prototypes, and although home 3D printers could be fun and educational, the things that they made were almost never of functional value.
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News articles talked excitedly about “the factory in every home,” and there were predictions that traditional parts manufacturers, warehouses, and logistics companies would all be significantly disrupted in the short term. By 2014, the industry (including but not limited to large public companies) posted revenues of more than US$2 billion, up from less than US$1 billion in 2009 (the year when certain fundamental patents expired, and the first consumer home 3D printer-the RepRap 3-was introduced as a result). Like many new technologies, 3D printing was overhyped to an extent in its early days. Learn how additive manufacturing can transform your organization.
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View TMT Predictions 2019, download the full report, or create a custom PDF Watch the video or view the infographic for this prediction Our forward-looking estimates again draw on publicly available information and are based on consensus analyst estimates where they exist for some of these companies, more than a dozen analysts provide forward-looking estimates. In contrast, due to our focus on large public companies, our historical and current data is culled from publicly available sources with audited financials and updated quarterly. However, they are based on proprietary research and are hence neither reproducible nor falsifiable. There are other reports that give historical, current, and forecast market sizes for the industry. 3D printing is considered “an essential ingredient” in Industry 4.0, 2 the marriage of advanced production and operations techniques with smart digital technologies that is being heralded as the “Fourth Industrial Revolution.”īefore we examine why the 3D-printing industry is accelerating, it’s worth explaining the methodology behind our market-size estimates. A steady stream of new entrants is expanding the market. 3D printers today are capable of printing a greater variety of materials (which mainly means more metal printing and less plastic printing, although plastic will likely still predominate) they print objects faster than they used to, and they can print larger objects (build volume). 1) This part of the 3D printing industry will grow at about 12.5 percent in each of those years, more than double its growth rate just a few years ago (figure 1).ģD printing is experiencing this inflection point likely because companies across multiple industries are increasingly using it for more than just rapid prototyping. (For context, the global manufacturing sector’s revenue as a whole totals roughly US$12 trillion annually. With advances in the technology, the 3D printing industry has powered past a slight slowdown to arrive at a steady state of double-digit expected growth.ĭeloitte Global predicts that sales related to 3D printing (also known as additive manufacturing) by large public companies-including enterprise 3D printers, materials, and services-will surpass US$2.7 billion in 2019 and top US$3 billion in 2020.