Sales of 3DP products for the personal/educational market are expected to grow to $2.5 billion by 2020 and will be the largest market for 3D printing throughout the next decade.
(PRWEB) April 24, 2014
Charlottesville, Virginia: According to “3D Printing 2014: A Survey of SmarTech’s Annual Market Findings,” the 3D printing (3DP) market will grow at a CAGR of 28 percent to reach $11.3 billion by 2020. This new report has just been published by SmarTech Markets Publishing, the industry analyst firm, and is based on SmarTech’s ongoing program of in-depth interviews and business analysis of the 3DP market. SmarTech’s published reports and customized consulting work provide clients with guidance on the direction that 3D printing is taking and how to capitalize on available opportunities.
For further details on this report see: http://smartechpublishing.com/reports/3d-printing-2014-a-survey-of-smartechs-annual-market-findings
About the report:
This report provides essential input to senior executives making marketing, business development, and investment decisions in the rapidly evolving 3DP business. The report draws on SmarTech’s extensive database of knowledge on 3DP compiled over almost two years. The reader will find an application-by-application assessment of 3DP opportunities with a focus on how firms are changing their business models and processes to profit from this new technology.
“3D Printing 2014: A Survey of SmarTech’s Annual Market Findings” begins with a thorough assessment of the 3D printing business climate in 2014. It also evaluates the product/market strategies of the leading 3D printer firms: the ones that SmarTech sees shaping the 3D printing industry going forward. Companies discussed include: 3D Systems, Arcam, Asiga, EnvisionTEC, Ex-On, DWS, Hoganas, Lithoz, Materialise, Mcor, Optomec, Oxford Performance Materials, Raytheon, RTI international, Sciaky, Stratasys, Zimmer and many others
The report includes 10-year market projections and analysis for all the leading sectors in which 3DP is being deployed. Applications areas assessed include: medical, dental, aerospace, automotive, and personal/educational. Software, materials and services are covered in the report, as well as the printers themselves.
From the report:
In 2013, 3DP grew up. World-class manufacturers shifted their 3DP focus from rapid prototyping to rapid manufacturing; some of largest consumer firms began to pursue 3DP opportunities; and new commercialization directions for 3D-printed medical and dental implants and prosthetics accelerated. Meanwhile, the IPO and M&A in the 3DP space continued apace.
Sales of 3DP products for the personal/educational market are expected to grow to $2.5 billion by 2020 and will be the largest market for 3D printing throughout the next decade. These projections are indicative of a dedicated and ever-expanding user base for personal and educational printers as well as powerful communities of interest being forged through online service bureaus and CAD file sharing sites, infusion into elementary and secondary school curricula, and improvements in personal 3D printing equipment.
Meanwhile, 3DP equipment companies increasingly recognize the importance of services to the success of their overall business model. Rapid prototyping and rapid manufacturing services act as a crucial tool for developing new customers. 3DP services offer a low-risk, low-cost entry point into 3DP for industry manufacturers. These services can showcase the cost, quality, and lead-time improvements that 3DP can offer. Services already account for anywhere from 25-33% of the larger public 3DP companies’ revenues and total revenues from services are expected to reach $1.8 billion by 2020.
As 3DP has begun to mature, equipment manufacturers have realized that beyond securing print quality and consistency, control over materials supply chains can produce a new revenue stream. Today, materials revenues account for around 30% of total revenues of many prominent 3D printing equipment companies. Especially for manufacturers selling into heavier machinery product categories, having a regular cash flow to balance the volatility of heavy machinery sales is an advantage. But exerting too much control over materials supply chains can ultimately restrict overall material supply. By keeping prices high, the overall business case for adopting 3DP solutions into existing business processes is injured, especially for more manufacturing-related activities that use more materials.
SmarTech offers the best in industry analysis and forecasting for the additive manufacturing/3D-printing sector. Our published reports and customized consulting work provide clients with guidance on the direction that 3D printing is taking and how to capitalize on available opportunities.
See http://www.smartechpublishing.com for more detail on our reports and other services.