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The Role of the United States in the 3D Printing Market
October 28, 2015
According to recent research gathered by industry research and analysis firm IDC, the printer market in the United States remains extremely strong thanks in large part to number of 3D printing manufacturers from around the globe looking to expand their business into the market here. In just a few short years in 2019, the firm expects the market in the United States to come close to $1.5 billion. This is an amazing total for an industry that is still relatively young, especially in the consumer space as 3D printing becomes much less of a niche market.
One of the major factors at play with 3D printing is the ability of the technology to quicken manufacturing times as well as lessen the cost of prototyping products before being brought to market. Tim Greene, Research Director, Hardcopy Solutions, said "The technologies that enable 3D printing continue to develop and expand in nearly every direction," said. "These technologies can help deliver larger, more accurate, and more solidly built models in a fraction of the time."
Looking more closely at the industry, the largest market share belongs to printers that use fused deposition modeling (FDM/FFF). Companies well known for this technology include MakerBot , LulzBot, and 3D Systems among others. Further, the development of reliable dual-extrusion printing which is becoming increasingly common helps immensely as it allows for much faster printing of objects.
IDC’s research also showed the following:.
All of these technologies and data are covered in depth in the IDC study entitled U.S. 3D Printer Forecast, 2015-2019. According to IDC, in the report, market sizing and forecasting are presented in terms of shipments of new printers as well as the revenue companies gain from their sale. The revenue opportunity is calculated by multiplying the number of printer shipments by their prices. Overall, IDC notes that they looked at over 150 3D printer manufacturers that are part of both the U.S. and the global market. A report examining the worldwide impact and future of 3D printing is forthcoming in December 2015.