Global 3D Printing Study Predicts Market Growth by 2020
(Virtual Strategy) Grand View Research estimates that the global market for 3D printing will reach $8.65 billion by 2020.
Key findings from their report include:
- North America has led the market, with approximately 42 percent of the overall market share in 2012.
- Europe is expected to grow at the highest CAGR of 20.4 percent from 2013 to 2020, which can primarily be attributed to increase in funding from regulatory bodies. Furthermore, increasing investment in research and development are expected to be favorable factors for market expansion in this region.
- Automotive and healthcare industries are estimated to be key growth areas.
- In terms of raw material used for manufacturing, polymers are expected to dominate the market, and accounted for more than 35 percent of the overall revenue in 2012.
The report “3D Printing Industry Trends and Market Segment Forecasts To 2020,” is available now to Grand View Research customers and can also be purchased directly here. Single user price is $5,500; enterprise price is $9,500.
Correction: An earlier version of this story included an incorrect estimate by Grand View Research. The estimate has since been corrected.