Tag: 3D printers

Global 3D printing industry revenue to surge 155 percent

Posted on June 10, 2020 by - News

Data gathered by LearnBonds  claims the 3D printing industy will surge 155 percent  hitting $40.8 billion  in value by 2024.

Apparently the reason is evolving value chains, market innovations, and cutting-edge technology developments are pushing 3D printing into the mainstream market. This type of production has surged in recent years and a growing number of businesses use 3D printing solutions, allowing them speed and flexibility while reducing costs.

3D printing enables the production of complex shapes using less material than traditional manufacturing methods, which is why it is widely used for small production runs, prototyping, small business, and educational use.

In 2020, the global 3D printing industry is expected to be worth $16 billion, revealed Wohlers Associates Annual Report on the State of 3D Printing.  In the next two years, the market revenue is forecast to touch $25.5 billion. Statistics indicate the strong upward trend is set to continue in the following years, with the market revenue growing by a compound annual growth rate of 26.4 percent between 2020 and 2024.

The State of 3D Printing Report by Sculpteo revealed that in 2020, the most popular use case of 3D printing was prototyping among 68 percent of those asked, a 34 per cent rise compared to 2017 figures.  Another 59 per cent of companies and businesses used the technology for proof of concept purposes, 36 per cent more than three years ago.

Statistics show that 49 percent of companies used 3D printing in production, a 27 percent rise on 2017. Research and education and creation of mechanical and spare parts follow with 42 percent and 40 percent of respondents, respectively.

3D printers go boom in Europe

Posted on July 16, 2018 by - News

91c25b48-d330-4342-914a-cb68bc61f687European purchases of 3D printers, materials, software, and related services are expected to total $3.6 billion in 2017, according to beancounters at IDC.

According to the latest update to the Worldwide Semiannual 3D Printing Spending Guide from International Data Corporation (IDC), the combined spending on 3D printing for Western Europe and Central and Eastern Europe will experience a five-year compound annual growth rate  of 15.3 percent, with revenues reaching $7.4 billion in 2022.

Western Europe delivered 83 per cent  of total European 3D printing revenues in 2017 and will remain by far the largest contributor in the wider European region, growing at a CAGR of 14.4 percent for 2017–2022. Central and Eastern Europe will be the fastest-growing region, however, with a CAGR of 19.1 percent for 2017–2022.

IDC research manager, European Imaging, Printing and Document Solutions Julio Vial said the 3D printing market is evolving rapidly, with the European market continuing to show good momentum and 2018 proving to be a turning point.

“3D printing has the potential to expand the manufacturing industry, shift distribution locally, and implement on-demand production, reducing unnecessary inventories and shipping costs. It will enable mass customization and printing of different products while reducing costs and recycling excess printer powder. Product weight can also be reduced, and fewer tools will be needed because 3D printers can replace some of them”, Vail said.

Though 3D printing hardware generated the largest spending in 2017, the focus on materials will drive associated spending in the coming years, with a CAGR of 20 per cent in the forecast period, exceeding the hardware component. Services will remain a key part of the market, as consulting and system integration services are a critical component of the 3D printing solution deployment.

3D printers reach tipping point

Posted on October 27, 2014 by - News

3dprinterOver 217,000 3D printers will ship in 2015, but this is only the start of a headlong rush for people buying the devices.

A report from the Gartner Group estimates that 108,151 3D printers will ship this year, but shipments will double between 2015 and 2018.  Worldwide shipments then will be around 2.3 million.

It’s 30 years since the first 3D printers were invented, surprisingly, but unit shipment growth rates were trifling.  Gartner thinks that the 2.3 millin shipments in 2018 are only the beginning of the matter.

Gartner said 3D printers which use material extrusion will be the dominant technology and drivers for 3D printers include models costing less than $1,000, improved quality and a wider range of materials used to  print.

The market will be worth about $6.9 billion in 2018, it predicts as vendors add features and improve performance.

Philips shows off 3D printed luminaries

Posted on October 9, 2014 by - News, Products

lightsonDutch firm Royal Philips has shown off what it says are the world’s first 3D printed “smart” luminaries.

The luminaries are part of its “Hue” range, and Philips said that a finger swipe on smartphone or tablet allows you to create any number of personal light effects from a palette of 16 million hues, shades of white and programmable scenes.

Philips lets you create table and pendant luminaries to order at www.meethue.com while you can also order them from London store Selfridges.

Philips also showed off a bright white LED bulb which you can control from your tablet or smartphone. The Hue “lux” retrofits into existing A19 luminaries.

ConvoLightBecause your gizmo controls them you can turn your lights on and off from anywhere in the world you can get connected.  Applications include linking the app to alert you to stormy weather, link to stock tickers, link to sportsfeed, or to your Facebook page.

Philips also showed off Convo Lights, which can notify deaf people when there are other audible signals they might miss.