Terry Wohlers, president and the other principal author, says revenues from the production of parts for final products represents 34.7% of the entire market for AM and 3D printing. “What’s most exciting is that we have barely scratched the surface of what’s possible.” “The industry is experiencing change that has not been seen in 20-plus years,” states Tim Caffrey, senior consultant at Wohlers Associates, and one of two principal authors on the report. By 2020, forecasted revenue should exceed $21 billion. The research projects the AM/3D printing industry to reach $12.8 billion by 2018, estimating it grew $3.07 billion in 2013. According to the 19th edition of the Wohlers Report, published by Wohlers Associates Inc., companies are pushing the limits of AM/3D printing and applying the technology in new ways. Understanding the market, where it’s going, how it’s used, what it means to manufacturers, and who to turn to for more knowledge and support does matter.ĪM/3D printing is growing. Below you’ll find a video interview with Terry Wohlers.The term does not matter – additive manufacturing (AM) and 3D printing (3D) are interchangeable. Interested parties can purchase a copy of Wohler’s Report 2013 for $495 from the company website. It is expected to double again, to $4 billion, in 2015. In five additional years, the industry generated its second $1 billion.
It took the 3D printing industry 20 years to reach $1 billion in size. By 2021, Wohlers Associates forecasts the industry to reach $10.8 billion. The CAGR is 27.4% over the past three years (2010–2012).īy 2017, Wohlers Associates believes that the sale of 3D-printing products and services will approach $6 billion worldwide. The average annual growth (CAGR) of the industry over the past 25 years is an impressive 25.4%. This is up from $1.714 billion in 2011, when it grew 29.4%. The market for 3D printing in 2012, consisting of all products and services worldwide, grew 28.6% (CAGR) to $2.204 billion.
Interestingly, the hobbyist sales have slowed considerably, leaving me to wonder if all the Kickstarter and Indiegogo campaigns have resulted in something of a saturation of the market.įor some of the overall industry numbers reported, I’ll turn you over to a direct quote from the press release: Along with industry information, the report also looks at the growth of hobbyist 3D printers, what the company refers to as “personal” systems. Returning to the report, it weighs in at 297 pages and covers important developments in AM over the last 18 months. Last year I had a conversation with Wohlers about the industry, which you can find here. If you happen to be unfamiliar with Wohler’s Associates, the company is run by Terry Wohlers, a recognized expert in AM. The report, produced on an annual basis by Wohler’s Associates, tracks the 3D printing industry as a whole and offers analysis and company information pertaining to AM along with other useful information.
Part of my job here at Rapid Ready is to keep you informed about current trends in AM, and I would be remiss not to announce the release of Wohler’s Report 2013. The past few years have seen a number of new developments, with AM becoming a cornerstone of diverse industries including dental, medical and architecture. Additive manufacturing (AM) is a rapidly evolving industry.
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