With its capability and widespread use, 3D printing has evolved from being a novelty to becoming an integral part of the manufacturing process. Whether you’re developing a prototype, or seeking to create an on-demand, customizable product, it’s time for businesses to consider the technology.
The 3D printing market is projected to grow from US$5.2 billion in 2015 to US$26.5 billion in 2021. Even if 3D printing penetrates only 5 percent of the global manufacturing economy, research by Wohlers Report estimates that it would reach US$640 billion annually.
Globally, 70 percent of businesses are getting hands-on experience with 3D printing. Asia-Pacific accounts for only 27 percent, indicating an ample amount of room for improvement to expand the 3D printing industry in the region.
Greater China as well as both emerging and mature markets in the Asia Pacific region are expected to experience a combination of large 3D printer shipments and high growth rates through 2020.