According to market reports to the Worldwide Semiannual 3D Printing Spending Guide from International Data Corporation (IDC), purchases of 3D printers, materials, software, and related services have increased worldwide. In 2016, it amounted to a total of $13.2 billion approximately and by 2020 global spending on 3D printing will experience a five-year compound annual growth rate (CAGR) of 22.3 per cent with revenues reaching $28.9 billion. A quarter of the revenue is expected to be generated from the United States market, and Western Europe, Japan and rest of Asia Pacific region will contribute upside of 50 percent of the total revenue. The Middle East and Africa markets, including the Central and Eastern Europe Regions will exhibit the fastest growth.
Special segments in 3D printing like Dental printing, 3D printing for Medical Implants will rapidly grow and become one of the highest market shares. Automotive design, aerospace and defense part printing also has a lucrative potential. Purchasing of 3D printers and materials will generate nearly two thirds of total worldwide revenues. The Worldwide Semiannual 3D Printing Spending Guide is the Bible for 3D printing. It provides information on various 3D printing hardware, materials, software, and services.
