New Wohlers Report states Additive Manufacturing market worth $4.1 billion in 2014
April 8, 2015
Wohlers Associates, Inc., a leading consultancy and respected authority on Additive Manufacturing and 3D printing, has announced the publication of its Wohlers Report 2015. Now in its 20th year, the annual publication provides an in-depth review and analysis of the global industry. It includes growth, competitive products and services, and the future outlook for this growing sector.
The report states that the market for additive manufacturing, consisting of all AM products and services worldwide, grew at a compound annual growth rate (CAGR) of 35.2% to $4.1 billion in 2014. The industry expanded by more than $1 billion in 2014, with 49 manufacturers producing and selling industrial-grade AM machines. The CAGR over the past three years (2012–2014) was 33.8%.
The comprehensive study covers all aspects of AM and 3D printing, including its history, applications, processes, materials, and equipment manufacturers. It covers developments in R&D, investment and collaborative activities in government, academia, and industry, and summarizes the state of the AM industry around the world.
Wohlers Associates reports that growth occurred in all segments of the diverse industry, including the low-cost “desktop” 3D printer segment. The use of industrial metal AM systems for demanding production applications in the aerospace and medical markets also grew strongly. The report thoroughly documents the increasingly rich range of technologies, markets, and business models that are emerging within the industry.
“The first Wohlers Report was published in April 1996,” stated Terry Wohlers, Principal Consultant and President of Wohlers Associates. “It was 40 pages in length and represented the first-ever published analysis of the industry worldwide. The AM industry represented a mere $295 million in 1995. A lot has changed in 20 years, and we’ve worked hard to document this change. I am proud to say that no other publication comes close to matching the depth and breadth of data and market analysis that is found in our annual report.”
The 314 page Wohlers Report 2015 includes 39 charts and graphs, 63 tables and 279 images. The report, which sells for US$495, was developed with support from 87 service providers, 40 system manufacturers and the contributions of 78 co-authors in 31 countries.
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