3d Printing Industry

What is 3d printing?

* 3D printing is considered a form of additive manufacturing, which involves taking a raw material and melting it into microscopic layers until it creates a three-dimensional (3D) object. It differs from subtractive manufacturing, which removes material from an object to achieve a desired shape.

3D Printing Industry

* The price for most commercial 3D printers typically begins at about $15,000 and quickly rises upward and out of the price range of the average consumer. However, a number of enterprising startups, in addition to commercial 3D printer manufacturers, have focused on developing lower-cost 3D printers for home use among hobbyist consumers. As the price of 3D printers falls, a growing number of hobbyists are anticipated to purchase them. Over the five years to 2017, industry demand and revenue are forecast to surge forward as 3D printers explode in popularity and more customers from a wide array of
industries join the 3D printing revolution. From 2012 to 2017, IBISWorld projects that industry revenue will grow at an average annual rate of 14.0% to reach $3.3 billion.

Growth Drivers

* Demand for mass customization will be one of the primary drivers for future 3D printer growth. When each product is printed individually from software, manufacturers have the ability to create unique products for each customer. This factor may create a fundamental change in manufacturing and product lines, marketing and even business models.

3D Systems

* Currently ranks as the largest 3D printing company in the industry, capturing 7.7% market share

* 3D systems has a good strategy in protecting and increasing its market share by offering competitive prices and comprehensive solutions for customers

3D System’s Products

* 3D Systems has products that meet the needs for 3 separate segments: Hobbyists, Professionals, and the Mass Consumer

* They offer personal 3D printers for all three of these segments

* Cube – Mass...