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3D Printing Market to Grow Exceptionally in the Next 4 Years

3D Printing Market to Grow Exceptionally in the Next 4 Years
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According to Gartner, in the next four years, the 3D printing market is expected to grow exceptionally. The research firm asserts that the shipments of 3D printers will more than double each year from this year to 2018. The worldwide shipments of the 3D printing devices will reach 217,350 by next year, which is twice the figure that is expected for 2014. Between 2015 and 2018, the shipments of the printers will be more than double. The global delivery of the devices will exceed the 2.3 million mark. Gartner predicts that over the same period, the end-user spending on the devices will go up from $1.6bn (£99.4m) to $13.4bn.

Read Also – Make your City Green with 3D Printed Gardens

What’s Responsible for the Rise?

In the enterprise area, the primary factors that are responsible for the growth include improved quality and the ability of the printers to print different kinds of materials. Lower prices will be the reason for a surge in consumer shipments. However, the firm also warned that before any drop in the price, there will be a spike in quality.

According to Pete Basiliere, the Granter research vice president, manufacturers will try to add new features and better the performance of the devices in the initial years, instead of focusing on price reduction. So, it is expected that in 2014 or 2015, there will be an increase in the price and then the gradual decrease in the later years will be seen.

3D Printing Market Has Come a Long Way

According to Basiliere, this market has come a long way and right now it is at an inflection point. He also added that the growth rates of unit delivery for 3D printers that had decreased in the single or double digits every year ever since the invention of 3D printers, are now set to increase radically from 2015. Basiliere said that even if the forecast numbers might seem really high, the 2.3 million shipments that are supposed to be sold out in 2018 are only a meager fraction of the total probable market of global businesses, consumers and government organizations.

As the use of 3D printing technology spreads across different verticals, we can hope that the market will grow even further in the future.

What do you think?

Do you think 3D printing has really grown over the years? In which sectors would you like to see the use of this technology? Share your thoughts n the comments below.

Image Source – zbrushcentral.com

 

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Some opinions expressed in this article may be those of a guest writer and not necessarily by augmentedrealitytrends.com

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  • Good5
  • Informative6
  • Helpful5
  • Interesting4
  • Engaging4
  • 4.8

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Bridget Wilson is a freelance writer. She loves to keep herself updated on latest technological developments. She is fascinated with augmented reality, 3D printing and wearable technology.If you have any questions about our website you can find Bridget on Google+ or get in touch via Twitter (@augmentedtrends)

3D Printing Market to Grow Exceptionally in the Next 4 Years

3D Printing Market to Grow Exceptionally in the Next 4 Years

According to Gartner, in the next four years, the 3D printing market is expected to grow exceptionally. The research firm asserts that the shipments of 3D printers will more than double each year from this year to 2018. The worldwide shipments of the 3D printing devices will reach 217,350 by next year, which is twice the figure that is expected for 2014. Between 2015 and 2018, the shipments of the printers will be more than double. The global delivery of the devices will exceed the 2.3 million mark. Gartner predicts that over the same period, the end-user spending on the devices will go up from $1.6bn (£99.4m) to $13.4bn.

Read Also – Make your City Green with 3D Printed Gardens

What’s Responsible for the Rise?

In the enterprise area, the primary factors that are responsible for the growth include improved quality and the ability of the printers to print different kinds of materials. Lower prices will be the reason for a surge in consumer shipments. However, the firm also warned that before any drop in the price, there will be a spike in quality.

According to Pete Basiliere, the Granter research vice president, manufacturers will try to add new features and better the performance of the devices in the initial years, instead of focusing on price reduction. So, it is expected that in 2014 or 2015, there will be an increase in the price and then the gradual decrease in the later years will be seen.

3D Printing Market Has Come a Long Way

According to Basiliere, this market has come a long way and right now it is at an inflection point. He also added that the growth rates of unit delivery for 3D printers that had decreased in the single or double digits every year ever since the invention of 3D printers, are now set to increase radically from 2015. Basiliere said that even if the forecast numbers might seem really high, the 2.3 million shipments that are supposed to be sold out in 2018 are only a meager fraction of the total probable market of global businesses, consumers and government organizations.

As the use of 3D printing technology spreads across different verticals, we can hope that the market will grow even further in the future.

What do you think?

Do you think 3D printing has really grown over the years? In which sectors would you like to see the use of this technology? Share your thoughts n the comments below.

Image Source – zbrushcentral.com

 

Liked our story? Receive daily news updates at your email (It’s Free)
Some opinions expressed in this article may be those of a guest writer and not necessarily by augmentedrealitytrends.com

Reviews

  • Good5
  • Informative6
  • Helpful5
  • Interesting4
  • Engaging4
  • 4.8

    Score



Bridget Wilson is a freelance writer. She loves to keep herself updated on latest technological developments. She is fascinated with augmented reality, 3D printing and wearable technology.If you have any questions about our website you can find Bridget on Google+ or get in touch via Twitter (@augmentedtrends)


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