In 2012, the global 3D printing market, including all products and related service industries, was US$ 2.204 billion, a year-on-year increase of 28.6% (CAGR). In 2011, it was 1.714 billion US dollars (up 29.4% over the previous year), and the growth rate in 2010 was 24.1%. The 3D printing market has an average annual growth rate (CAGR) of 25.4% over the past 25 years. The compound annual growth rate for the past three years (2010-2012) was 27.4%.
In 2012, the global 3D printing market, including all products and related service industries, was US$ 2.204 billion, a year-on-year increase of 28.6% (CAGR). In 2011, it was 1.714 billion US dollars (up 29.4% over the previous year), and the growth rate in 2010 was 24.1%. The 3D printing market has an average annual growth rate (CAGR) of 25.4% over the past 25 years. The compound annual growth rate for the past three years (2010-2012) was 27.4%.
The low-cost (less than $5,000) "personal" 3D printing market grew by an average of 346% per year from 2008 to 2011. In 2012, it was 46.3%, and the growth rate slowed down noticeably. Most 3D printing equipment is sold to 3D printing enthusiasts, DIY enthusiasts, engineering students and related educational institutions.
The 3D printing industry is expected to continue to maintain double-digit growth in the coming years. By 2017, Wallace believes that the market for 3D printing products and services will reach $60 billion. By 2021, it will reach $10.8 billion. The 3D printing industry has used 20 years to reach $1 billion. The next five years immediately reached $2 billion. It is expected to double again by 2015.
In 2012, the global 3D printing market, including all products and related service industries, was US$ 2.204 billion, a year-on-year increase of 28.6% (CAGR). In 2011, it was 1.714 billion US dollars (up 29.4% over the previous year), and the growth rate in 2010 was 24.1%. The 3D printing market has an average annual growth rate (CAGR) of 25.4% over the past 25 years. The compound annual growth rate for the past three years (2010-2012) was 27.4%.
The low-cost (less than $5,000) "personal" 3D printing market grew by an average of 346% per year from 2008 to 2011. In 2012, it was 46.3%, and the growth rate slowed down noticeably. Most 3D printing equipment is sold to 3D printing enthusiasts, DIY enthusiasts, engineering students and related educational institutions.
The 3D printing industry is expected to continue to maintain double-digit growth in the coming years. By 2017, Wallace believes that the market for 3D printing products and services will reach $60 billion. By 2021, it will reach $10.8 billion. The 3D printing industry has used 20 years to reach $1 billion. The next five years immediately reached $2 billion. It is expected to double again by 2015.
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