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3D Printing Industry 21billion 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 check out what Fathom is working on in the day-to-day, check out our social media pages— Facebook // Twitter // LinkedIn // Instagram // YouTube

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. 

3D Printing / Additive Manufacturing
90+ Machines  
SLS / / Two-day  SLA / / Next-day 
FDM / / Next-day DMLS / / Three-day 
PolyJet / / Same-day MJF / / Two-day
Injection Molding

30 Second Quotes

Prototype Tool / / As soon as 10 days

10K Parts / / 10 days

Production Tool / / As soon as 3 weeks

CNC Machining

3 & 5 Axis Milling & Turning
(Plastics, Composites and Metals)

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

Urethane Casting

Injection Molding Adjacent
without High Costs of Metal Tools

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

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Fathom is driven by advanced technologies and methods that enhance and accelerate today’s product development and production processes.

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