Additive Manufacturing Industry hits $5.2 billion
According to the Wohlers Report 2016, the industry grew by over $1 billion for the second consecutive year.
The 3D printing industry is growing at a rapid pace. What was once a novelty technology is now becoming commonplace in the manufacturing environment. And in 2015, the industry saw one of the greatest growth rates in its history.
According to the Wohlers Report 2016, the 21st consecutive report, the additive manufacturing (AM) industry, consisting of all AM products and services worldwide, grew 25.9% (CAGR) to $5.165 billion in 2015. The CAGR for the previous three years was 31.5%. Over the past 27 years, the CAGR for the industry is an impressive 26.2%.
The annual report is based on more than 20 years of data from companies in the Additive Manufacturing industry. For Wohlers Report 2016, input was collected from 51 industrial system manufacturers, 98 service providers, 15 third-party material producers, and many manufacturers of low-cost desktop 3D printers. The effort also included contributions from 80 experts in 33 countries.
Wohlers Associates reports that, despite challenges, growth continued in many segments of the diverse industry, particularly in metal AM and the desktop 3D printer segments.
In 2015, 62 manufacturers sold industrial-grade AM systems (valued at more than $5,000), compared to 49 in 2014, and twice as many as the 31 companies that sold industrial systems in 2011.
Wohlers Report 2016 provides an in-depth review and analysis of the industry worldwide. It includes growth, competitive products and services, and the future outlook for the industry. The report covers the technology’s history, applications, processes, materials, and equipment manufacturers. It thoroughly documents developments in R&D, investment and collaborative activities in government, academia, and industry. The report brings to light the rich range of technologies, markets, and business models that are emerging within the industry.
The 335-page Wohlers Report 2016 includes 35 charts and graphs, 68 tables, and 322 photographs and illustrations.
Wohlers Associates is an independent consulting firm that provides technical, market, and strategic advice on the new developments and trends in additive manufacturing, 3D printing, and rapid product development.