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“More than 278,000 desktop 3D printers (under $5,000) were sold worldwide last year, according to Wohlers Associates, publishers of the annual Wohlers Report. The report has a chart to illustrate and it looks like the proverbial hockey stick that you hear venture capitalists talk about: Growth that moves rapidly from horizontal to vertical (from 2010 to 2015 for desktop).”

“According to Wohlers Report 2016, the additive manufacturing (AM) industry grew 25.9% (CAGR – Corporate Annual Growth Rate) to $5.165 billion in 2015. Frequently called 3D printing by those outside of manufacturing circles the industry growth consists of all AM products and services worldwide. The CAGR for the previous three years was 33.8%. Over the past 27 years, the CAGR for the industry is an impressive 26.2%. Clearly, this is not a market segment that is declining as you might otherwise read.”

“The annual state-of-the-industry report is highly anticipated by industry insiders and knowledgeable observers because its analysis is based on more than 20 years of data from companies in the AM industry. For Wohlers Report 2016, input was collected from 51 industrial system manufacturers, 98 service providers, 15 third-party material producers, and many manufacturers of low-cost desktop 3D printers.”

“The firm and the report provide a solid explanation as to how that $1B growth is happening. One specific explanation that caught my eye: In 2015, 62 manufacturers sold industrial-grade AM systems (valued at more than $5,000), compared to 49 in 2014, and twice as many as the 31 companies that sold industrial systems in 2011.”

“Back to that 278,000 number: Over a quarter of a million desktop 3D printers may not seem like much. It seems to imply that there is truth to the consumer hype I have written about before, however, I believe many of those printers are used within big companies and well-funded start-ups. No doubt, there are some consumer-grade machines in garages, workshops, school classrooms, and maybe even on kitchen tables, but that is a smaller portion of the market opportunity for the more industrial-grade machines.”

Speak to Graphix Supply World to find out more about the Afinia H-Series 3D printer.

Afinia – http://afinia.com/

Graphix Supply World – www.gsw.co.za

Cape Town: Tel +27 (0) 21 511 5340

Johannesburg: Tel +27 (0) 11 444 9288

Durban: Tel +27 (0) 31 502 6128

24 Hours: Tel +27 (0) 82 455 6333

Date: 25 April 2016

Source: http://www.forbes.com/sites/tjmccue/2016/04/25/wohlers-report-2016-3d-printer-industry-surpassed-5-1-billion/#567fcc507cb1