May 3, 2014
Wohlers Associates, a research consultancy focused on additive manufacturing and 3D printing, announced this week the publication of Wohlers Report 2014. Wohlers has been tracking this industry for over the 25 years. This report marks the 19th consecutive year of its availability and provides an in-depth review and analysis of the additive manufacturing and 3D printing worldwide.
The 2014 report includes industry growth, competitive products and services, and a futuristic perspective on an industry that has created tremendous interest and excitement in the recent past.
Wohlers Associates reports that the market for 3D printing, consisting of all products and services worldwide, grew to $3.07 billion last year. Compared with an averaged 27% growth rate over the past 26 years, the compound annual growth rate (CAGR) of 34.9% is the highest in 17 years. The CAGR for the past three years (2011–2013) was 32.3%.
Wohlers Associates believes the industry will continue strong growth over the next several years, fueled by sales of under $5,000 "personal" 3D printers, as well as the expanded use of the technology for the production of parts, especially metal, that go into final products.
"The industry is experiencing change that we have not seen in 20+ years of tracking it," stated Tim Caffrey, senior consultant at the company and one of two principal authors of the new report. He added, "What's most exciting is that we have barely scratched the surface of what's possible."
Wohlers Report 2014 covers all aspects of 3D printing, including its history, applications, processes, materials, and manufacturers. It also covers developments in R&D, investment, collaborative activities in government, academia, and industry, and summarizes the state of the industry from around the world.
The 276-page annual study, which sells for US$495, was created with support from 82 service providers, 29 system manufacturers, and the valuable contributions of 70 co-authors in 24 countries. You can find more info about Wohlers Report 2014 here.
Posted in 3D Printing Technology
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