Global 3D printing spending to exceed $20 billion

Market research company IDC has predicted that 3D printing will reach $23 billion by 2022 at a CAGR of 18.4%.
In the company’s Semiannual 3D Printing Spending Guide, it predicted that together 3D printers and materials will account for roughly two-thirds of the worldwide spending total for the forecast, reaching $7.8 billion and $8 billion respectively in 2022. Services spending will reach $4.8 billion, led by on-demand parts services and systems integration services. Software purchases will grow slower than the overall market with a five-year CAGR of 16.7%.
The report also estimated that by 2019 global spending on 3D printing will reach $14 billion, an increase of 23.2% from 2018. The US will spend the most in 2019 at $5.4 billion, followed by Western Europe at $4 billion. These regions will provide nearly two-thirds of all 3D printing spending throughout the forecast. China will be the third largest region with more than $1.9 billion.
The leading use cases for 3D printing are prototypes, aftermarket part, and parts for new products, which will account for 45% of worldwide spending in 2019.
IDC Customer Insights and Analysis Research Manager Marianne Daquila said: “3D printing solutions are gaining traction outside of the traditional industries of aerospace and automotive manufacturing and healthcare. Professional services and retail will each see more than $1 billion in annual spending before the end of the forecast period, driven by the benefits of fully customised solutions.”


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