The traditional printer market has been turbulent during the last few years, due to shrinking demand and vendor consolidation. However, the upside for 3D printing is a bright spot. Canalys predicts that the worldwide market for 3D printers, and associated materials and services will reach a value of $4.9 billion by the end of 2016. The total market is expected to grow by a compound annual growth rate (CAGR) of 43.5 percent from 2015 to 2020 -- reaching a value of $22.4 billion. Shipments of 3D printers are forecast to grow at a CAGR of 67.2 percent -- to reach 2.4 million units by 2020. Worldwide, vendors shipped 182,000 3D printers in 2015, a 37 percent year-on-year increase, with strong performances in both the enterprise and consumer sectors. That being said, challenges remain as the market evolves. The market continues to have mixed results, from a growth perspective. While industrial expenditure on 3D printers fell, educational establishments ordered thousands of systems ...
TMT Market Research and Analysis