3D Printing Industry Is All Set To Triple In Revenue In Next Four Years – $21 billion

According to report published by Consumer Technology Association & United Parcel Service (UPS), from this year’s $7.3 billion, 3D Printing industry is expected to reach $21 billion by 2020

 

3d printing industry, 3d printing, $21 billion market

 

The report named “3D Printing: The Next Revolution in Industrial Manufacturing” suggests following important statistical observations:

1. 40% of manufacturing of consumer electronics & automobile industry will come from 3D Printing & 15% medical       devices will be manufactured with 3D Printing technology.

2. 68% of revenue in 3D Printing industry is coming from America & Europe wile asia pacific accounts for 27%.

 

3d printing industry, 3d printing, $21 billion market

 

3. 2/3 of manufacturers use 3D Printing directly or indirectly & 25% will adopt this technology very soon.

4. Prototyping accounts for 25%, product development 16% & innovation 11% for reasons cited by corporations for pursing 3D Printing technology.

 

3d printing industry, 3d printing, $21 billion market

 

This info-graphic shows how 3d printing will change our lives in the years to come.

 

3d printing industry, 3d printing, $21 billion market

 

 

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