Jan.23, 2014
A research team lead by Jonathan Shaffer at Credit Suisse revised their 2016 projection for the 3D printing market to $800 million up from $175 million. This is an increase of 357%.
A note which came out Tuesday cites the reason for the increase as overlooked opportunities among consumers and "pro-sumers" like engineers, architects and educators. Shaffer predicts that these "pro-sumers" are the key to widespread growth in the additive manufacturing market:
"We think eventually there could be near ~100% penetration amongst engineers as it becomes a common element of the engineer's toolkit...The number of registered architects in the US [now stands at 222,500]. We think this represents another potential growth driver, although we acknowledge the computer design proficiency amongst architects is likely lower than among recent engineering graduates...We think children under 18 will be a primary driver of adoption; they are more likely to have heightened computer proficiency, and technological awareness is high in this age group."
In addition Shaffer points out that these "prosumers" are less sensitive to costs of 3D printers than other consumers. "Reliability, print quality, build size and service are key pro-sumer concerns rather than simply price", notes Shaffer.
This week analyst Julian Mitchell of Credit Suisse initiated coverage on Stratasys (SSYS) with an outperform rating, versus a prior Neutral rating. And Credit Suisse rated 3D Systems (DDD) as neutral with a $90 price target.
This positive adjustment to projections bodes well for the 3D printing marketplace.
via: Business Insider
Posted in 3D Printing Company
Maybe you also like:
- Dover Group announces strategic investment in TierTime, UP! 3D printer maker
- will.i.am to join 3D Systems as Chief Creative Officer
- 3D-printer maker Formlabs accepts Bitcoin, releases PreForm 1.0
- Teachers learn to build 3D printer for the classroom
- MakerBot anticipates 3D printer launches at CES
- Afinia denies patent infringement allegations by Stratasys
- 3D Systems acquires Gentle Giant Studios, expanding access to toy industry
- 3D Systems to buy a portion of Xerox for $32.5M in cash
- 3D Systems buys 3D printing filament maker Village Plastics
3Ders.org provides the latest news about 3D printing technology and 3D printers. We are now seven years old and have around 1.5 million unique visitors per month.
