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3D Printing Industry 21 Billion 2020

3D Printing Industry Report: $21B+ By 2020

3D Printing Industry Study Projects Rapid Growth, Offers Insight on Current 3D Printing Adopters

The 3D printing market is projected to reach $7.3 billion by the close of 2016 and eclipse $21 billion by 2020, according to a recent report on the industry published by shipping giant UPS.

The report, 3D Printing: The Next Revolution in Industrial Manufacturing, depicts the rapid 30% year over year growth seen in additive manufacturing between 2012 and 2014. The trend is projected to continue as the adoption of additive technologies becomes more widespread across sectors.

Top Reasons for Integrating 3D Printing

Across industries, the most-cited reason to pursue 3D printing as part of workflow was prototyping, with product development and general innovation coming in second and third, respectively. All these answers fall under the greater category of concept development and indicate that for many of those who have adopted 3D printing so far, an eye for the future is the leading factor in their choice to invest.

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Geographic Discrepancies in 3D Printing Industry

The report corroborates many other industry studies that indicate the dominance of North America and Europe in the current market, with more than 68% of total 3D printing revenues flowing through the two continents (including 40% in North America).  Asia and the SE Pacific region represent an additional 27%.

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Most-Used Applications of 3D Printed Parts

In breaking down the top current uses of 3D printing and 3D printed products, the report found that functional, end-use parts are, by percentage, the most widely-used application. While this may not run directly counter to the adopters using 3D printing for so-called concept development, it is worthy of note that so many are using 3D printing to produce functional parts.

Uses

For more consistent updates on the state of the 3D printing industry and the latest developments, check out Fathom’s weekly Change Is Additive blog series.

To start a conversation about a project or discuss a quote, check out our product and  service quoting page!

Comprehensive Capabilities for Rapid Manufacturing

At Fathom we offer a unique advantage of speed and agility-our experts help companies go from concept to prototype to manufacturing in ways not previously possible. 

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Prototype Tool / / As soon as 10 days
10K Parts / / 10 days
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3 & 5 Axis Milling & Turning
(Plastics, Composites and Metals)

Tolerance Accuracy Range
from +/-0.001″ to 0.005″

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Injection Molding Adjacent
without High Costs of Metal Tools

Most Commonly Used for High-Volume
Prototyping & Bridge to Production

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Finishing, Production Painting and Color Matching

Assembling, Including Embedded Electronic
Components, Threaded Inserts, and More

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Manufacturing Locations Across National Time Zones
Manufacturing Locations Across National Time Zones
The Fathom Advanced Manufacturing Platform
new map update 3
HEADQUARTERS

1050 Walnut Ridge Drive
Hartland, WI 53029
ISO 9001:2015
AS9100:2016
ITAR

ARIZONA

444 W. 21st St. Ste. 101
Tempe, AZ 85282
ISO 9001:2015
AS9100:2016
NIST800-171
ITAR

FLORIDA

14000 N.W. 58th Court
Miami Lakes, FL 33014
ISO 9001:2015 Design Certified
ISO 13485:2016

CALIFORNIA

620 3rd Street
Oakland, CA 94607
ISO 9001:2015 Design Certified
NIST 800-171
ITAR

ILLINOIS

1207 Adams Drive
McHenry, IL 60051

1401 Brummel Ave
Elk Grove, IL 60007
ISO 9001:2015 Design Certified

NEW YORK

401 W. Shore Blvd.
Newark, NY 14513
AS9100:2016
ISO 9001:2015
ITAR

1920 Slaterville Rd
Ithaca, NY 14850
ITAR

TEXAS

1801 Rowe Lane
Pflugerville, TX 78660
ISO 9001:2015
AS9100:2016

1513 Sam Bass Rd
Round Rock, TX 78681
ISO 9001:2015
ISO 13485:2016

COLORADO

7770 Washington St.
Denver, CO 80229
ISO 9001:2015
ITAR

MINNESOTA

13758 Johnson Street NE
Ham Lake, MN 55304

OHIO

6415 Angola Road
Holland, OH 43528