IDC Forecasts Worldwide Spending on 3D Printing to Reach $23 Billion in 2022
August 03 2018 - 10:34AM
Business Wire
A new update to the Worldwide Semiannual 3D Printing Spending
Guide from International Data Corporation (IDC) shows global
spending on 3D printing (including hardware, materials, software,
and services) growing to $23.0 billion in 2022 with a five-year
compound annual growth rate (CAGR) of 18.4%. IDC forecasts
worldwide spending to exceed $14.0 billion in 2019, an increase of
23.2% over 2018.
Together, 3D printers and materials will account for roughly two
thirds of the worldwide spending total throughout the forecast,
reaching $7.8 billion and $8.0 billion respectively in 2022.
Services spending will reach $4.8 billion in 2022, led by on-demand
parts services and systems integration services. Purchases of 3DP
software will grow more slowly than the overall market with a
five-year CAGR of 16.7%.
"3D printing solutions are gaining traction outside of the
traditional industries of aerospace and automotive manufacturing
and healthcare," said Marianne Daquila, research manager, Customer
Insights and Analysis at IDC. "Professional services and retail
will each see more than $1 billion dollars in annual spending
before the end of the forecast period, driven by the benefits of
fully customized solutions."
The United States will be the region with the largest spending
total in 2019 ($5.4 billion) followed by Western Europe ($4.0
billion). Together, these two regions will provide nearly two
thirds of all 3D printing spending throughout the forecast. China
will be the third largest region with more than $1.9 billion in
spending, followed by Asia/Pacific (excluding Japan) Central and
Eastern Europe (CEE), the Middle East and Africa (MEA).
The leading use cases for 3D printing are prototypes,
aftermarket parts, and parts for new products. These three use
cases will account for 45% of worldwide spending in 2019. Dental
objects and medical support objects and tissue/organ/bone printing
will see five-year CAGRs exceeding 21%.
"The emergence of higher speed 3D printers, production
configurations, and the expanded range of materials available for
3D printing systems continue to enable wider adoption of 3D
printing across numerous industries," said Tim Greene, research
director, Hardcopy Peripherals and 3D Printing. "The development of
some of these new materials is critical, because it increases both
adoption and utilization. Over the forecast period IDC expects
revenue from 3D printed materials to surpass revenue from 3D
printer hardware."
The Worldwide Semiannual 3D Printing Spending Guide quantifies
the opportunity for 3D printing, which enable the creation of
objects and shapes made through material that is laid down
successively upon itself from a digital model or file. Spending
data is available for 15 use cases across 20 industries in nine
geographic regions. Data is also available for 3D printing
hardware, materials, software, and services. Unlike any other
research in the industry, the comprehensive spending guide was
designed to help IT decision makers to clearly understand the
industry-specific scope and direction of 3D printing expenditures
today and over the next five years.
About IDC Spending GuidesIDC's Spending Guides provide a
granular view of key technology markets from a regional, vertical
industry, use case, buyer, and technology perspective. The spending
guides are delivered via pivot table format or custom query tool,
allowing the user to easily extract meaningful information about
each market by viewing data trends and relationships.
About IDCInternational Data Corporation (IDC) is the
premier global provider of market intelligence, advisory services,
and events for the information technology, telecommunications, and
consumer technology markets. With more than 1,100 analysts
worldwide, IDC offers global, regional, and local expertise on
technology and industry opportunities and trends in over 110
countries. IDC's analysis and insight helps IT professionals,
business executives, and the investment community to make
fact-based technology decisions and to achieve their key business
objectives. Founded in 1964, IDC is a wholly-owned subsidiary of
International Data Group (IDG), the world's leading media, data and
marketing services company that activates and engages the most
influential technology buyers. To learn more about IDC, please
visit www.idc.com. Follow IDC on Twitter at @IDC and LinkedIn.
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version on businesswire.com: https://www.businesswire.com/news/home/20180803005338/en/
IDCMarianne Daquila, 978-810-9344Mdaquila@idc.comorMichael
Shirer, 508-935-4200press@idc.com