This new market study was published earlier this week, marking the 18th consecutive year of its publication. The report focuses on new 3D printing and additive manufacturing (terms we use interchangeably) applications, developments, and trends worldwide. The report was produced with help from 70 co-authors in 21 countries, as well as 74 service providers and 31 system manufacturers from around the world. Principal co-author and associate consultant Tim Caffrey and I are grateful for the kind support from so many experts and organizations that supported this large effort.
Wohlers Report 2013 provides an in-depth look at market forces, competitive products and services, and industry growth. According to our research for the report, the market for products and services in 2012 grew 28.6% (CAGR) to $2.204 billion. This is up from $1.714 billion in 2011, when it grew 29.4%. The average annual growth (CAGR) of the industry over the past 25 years is an impressive 25.4%. The CAGR is 27.4% over the past three years (2010–2012).
Growth of the low-cost (under $5,000) “personal” 3D printer market segment averaged 346% each year from 2008 through 2011. In 2012, the increase cooled significantly to an estimated 46.3%, according to our research for Wohlers Report 2013. Most of these machines are being sold to hobbyists, do-it-yourselfers, engineering students, and secondary and postsecondary educational institutions.
The industry is expected to continue strong double-digit growth over the next several years. By 2017, we believe that the sale of 3D-printing products and services will approach $6 billion worldwide. By 2021, we forecast growth to reach $10.8 billion. It took the 3D printing industry 20 years to grow to $1 billion in size. In five additional years, the industry generated its second $1 billion. It is expected to double again, to $4 billion, in 2015.