Final part production grew to 28.3 percent of total 3D printing market
Fort Collins, CO - The use of 3D printing for the production of parts for final products continues to follow a decade-long growth trend. According to Wohlers Report 2013, final part production rose to 28.3% of the $2.2 billion spent last year on 3D printing products and services worldwide. In 2003, it represented only 3.9% of revenues, as shown in the above figure.
The use of 3D printing, also referred to as additive manufacturing, for final part production is growing in several diverse market segments. They include metal copings for dental crowns and bridges, orthopedic implants, and jewelry. The aerospace industry is also an important market for the production of 3D-printed parts. Boeing uses additive manufacturing extensively to produce environmental control system ducting for directing the flow of air on military and commercial aircraft. GE Aviation announced that it will use 3D-printed fuel nozzles on its next-generation LEAP engine. The company plans to 3D print about 40,000 nozzles annually for its aircraft engines in the coming years.
The production of parts for final products is expected to far surpass prototyping applications for 3D-printed parts, according to Tim Caffrey, senior consultant at Wohlers Associates. This is because the ratio of prototypes to production parts is often 1:1000 or greater. “The money is in manufacturing, not prototyping,” said Caffrey. "The opportunity for more commercial production activity from additive manufacturing is immense."
Caffrey is a principal author of Wohlers Report 2013, a state of the industry report for additive manufacturing and 3D printing. The annual report covers all aspects of 3D printing, including its history, applications, processes, manufacturers, and materials. It documents important developments, covers R&D and collaboration activities in government, academia, and industry, and summarizes the state of the industry in countries around the world. The 2013 edition marks the report's 18th consecutive year of publication.
The 3D printing industry is expected to continue strong double-digit growth over the next several years. In four years, Wohlers Associates believes that the sale of 3D printing products and services will approach $6 billion worldwide. By 2021, Wohlers Associates forecasts the industry to reach $10.8 billion. It took the 3D printing industry 20 years to reach $1 billion in size. In five additional years, the industry generated its second $1 billion. It is expected to double again, to $4 billion, in 2015.