3D printing, additive manufacturing poised to grow 4X in 2018
Fort Collins, CO - Wohlers Associates expects worldwide revenues from the additive manufacturing and 3D printing industry to reach $12.8 billion by 2018. According to Wohlers Report 2014, the company's annual publication on the subject, the industry grew to an estimated $3.07 billion in 2013. By 2020, Wohlers Associates forecasts revenues from all products and services in the industry to exceed $21 billion.
Related: Wohlers Associates cites 76-percent growth in metal additive manufacturing
Wohlers Associates believes strong growth in the industry will be fueled partly by sales of under $5000 "personal" 3D printers. An even bigger factor will be the expanded use of the technology for the production of parts, especially in metal, that go into final products.
Wohlers Report 2014 provides a comprehensive review and analysis of additive manufacturing and 3D printing—terms that are used interchangeably—including its history, applications, processes, materials, and manufacturers. It covers developments in R&D, investment and collaborative activities in government, academia, and industry, and summarizes the state of the AM industry from around the world.
For more information, please visit http://wohlersassociates.com.