Study Shows Annual Growth in 3D Printing, Additive Manufacturing
A new report from Wohlers Associates shows the 3D printing industry surpassing $3 billion last year.
The Wohlers Report 2014 shows a compound annual growth rate of 34.9 percent for the 3D printing and additive manufacturing industry, its highest rate of growth in 17 years. According to the report, published by Wohlers Associates, the worldwide 3D printing market grew to $3.07 billion last year. The publisher believes that the industry will continue to demonstrate strong growth over the next several years, fueled by sales of personal 3D printers that cost less than $5,000 each as well as the expanded use of additive technology for part production.
The Wohlers Report 2014 is the 19th edition of the annual report, which covers the history, applications, processes, materials and manufacturers of 3D printing technology as well as recent devopments in the industry. The full report is available for purchase here.
Wohlers Associates, call 970-225-0086 or visit wohlersassociates.com.