• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to secondary sidebar
  • Skip to footer
  • Home
  • Subscribe
  • Your Membership
    • Edit Your Profile
  • Services
    • Advertising
    • Case studies
    • Design
    • Email marketing
    • Lead generation
    • Magazine
    • Press releases
    • Publishing
    • Sponsored posts
    • Webcasting
    • Webinars
    • White papers
    • Writing
  • Shop
    • My Account
    • Cart
  • About
    • Contact
    • Privacy
    • Terms of use
  • Events

Robotics & Automation News

Market trends and business perspectives

  • News
  • Features
  • Video
  • Webinars
  • White papers
  • Press releases
  • Featured companies
    • BlueBotics
    • SICK Sensor Intelligence
    • Vicor Power

Global spending on 3D printing to reach $7.4 billion by 2022

July 16, 2018 by Anna

European purchases of 3D printers, materials, software, and related services are expected to total $3.6 billion in 2017, according to the latest update to the Worldwide Semiannual 3D Printing Spending Guide from International Data Corporation (IDC).

The combined spending on 3D printing for Western Europe and Central and Eastern Europe will experience a five-year compound annual growth rate (CAGR) of 15.3%, with revenues reaching $7.4 billion in 2022, says the report.

Western Europe delivered 83% of total European 3D printing revenues in 2017 and will remain by far the largest contributor in the wider European region, growing at a CAGR of 14.4% for 2017–2022. Central and Eastern Europe will be the fastest-growing region, however, with a CAGR of 19.1% for 2017–2022.

According to IDC, the 3D printing market is evolving rapidly, with the European market continuing to show good momentum and 2018 proving to be a turning point.

“3D printing has the potential to expand the manufacturing industry, shift distribution locally, and implement on-demand production, reducing unnecessary inventories and shipping costs,” said Julio Vial, research manager, European Imaging, Printing and Document Solutions, IDC.

“It will enable mass customisation and printing of different products while reducing costs and recycling excess printer powder. Product weight can also be reduced, and fewer tools will be needed because 3D printers can replace some of them.”

Though 3D printing hardware generated the largest spending in 2017, the focus on materials will drive associated spending in the coming years, with a CAGR of 20% in the forecast period, exceeding the hardware component.

Services will remain a key part of the market, as consulting and system integration services are a critical component of the 3D printing solution deployment.

Looking at the verticals, discrete manufacturing accounted for more than half of total spending on 3D printing in the wider region in 2017, and will continue to be the largest investor by industry, with a CAGR of 14.5% for 2017–2022.

Within discrete manufacturing, the automotive and aerospace sub-industries are the biggest contributors (and also the most mature sub-industries), while the medical sector is expected to develop further in the next few years, with a projected 19.5% CAGR in the forecast period.

Other verticals, such as healthcare and professional services, are already using 3D printing, with spending at over 10% of the total market. Healthcare providers in particular are expected to grow their spending in 3D printing, with a CAGR of 20.9% from 2017 to 2022, as these organisations will adopt internally and develop direct skills and capabilities around 3D printing.

The use cases that generated the largest revenues for 3D printing in 2017 in Europe were prototypes ($755 million), aftermarket parts ($522 million), and architectural designs/models ($353 million).

In 2022 prototypes and aftermarket parts will remain the top two use cases, followed by dental objects and medical support objects. Over the forecast period, the fastest-growing use cases will be tissue/organ/bone, dental objects, and speciality food, with compound annual growth rates above 20%.

Western Europe is driving spending in the wider region: as shown in the latest European Vertical Market Survey, more than 17% of respondent organisations are adopting or planning to adopt 3D printing in 2018.

In Central and Eastern Europe 3D printing is gaining in popularity too. The technology is starting to transform many industries in the region — the portfolio of 3D printing use cases is already vast, is evolving quickly, and differs from industry to industry.

Print Friendly, PDF & Email

Share this:

  • Print
  • Facebook
  • LinkedIn
  • Reddit
  • Twitter
  • Tumblr
  • Pinterest
  • Skype
  • WhatsApp
  • Telegram
  • Pocket

You might also like…

Filed Under: Manufacturing, Miscellaneous, News Tagged With: 3d printing, idc report

Join the Robotics & Automation News community

Primary Sidebar

Latest articles

  • Reasons to Consider a Career in the Manufacturing Industry
  • Why is My Car Key Stuck in the Ignition?
  • Bachmann Engineering gains certification from Universal Robots for its robot module solution
  • Walmart and Symbotic expand partnership to implement automation system
  • Comau brings high-speed robotic precision to the cosmetics industry
  • EAVX unveils autonomous ‘walk-in van’ prototype
  • MassRobotics launches $50,000 robotics competition
  • Remy Robotics exits stealth mode with launch of third autonomous robotic kitchen
  • Radial expands relationship with Locus Robotics
  • Things to consider while choosing a 45ft flat rack container

Most Read

  • Top 20 electric vehicle charging station companies
    Top 20 electric vehicle charging station companies
  • Track your lost Android
    Track your lost Android
  • Difference Between Three-Phase and Single-Phase Power
    Difference Between Three-Phase and Single-Phase Power
  • Top 20 programmable logic controller manufacturers
    Top 20 programmable logic controller manufacturers
  • Top 25 vertical farming companies
    Top 25 vertical farming companies
  • Top 10 graphics processing unit manufacturers: Nvidia clearly in the lead
    Top 10 graphics processing unit manufacturers: Nvidia clearly in the lead
  • The Best Mechanical Engineering Design Software in 2022
    The Best Mechanical Engineering Design Software in 2022
  • What You Need to Know About Fixing an Engine Misfire
    What You Need to Know About Fixing an Engine Misfire
  • Scientists have found more water in space than they ever knew possible
    Scientists have found more water in space than they ever knew possible
  • Geodis and Bastian Solutions claim world’s highest AutoStore throughput
    Geodis and Bastian Solutions claim world’s highest AutoStore throughput

Overused words

abb ai applications automated automation automotive autonomous business china companies company control customers data design development digital electric global industrial industry logistics machine manufacturing market mobile platform process production robot robotic robotics robots safety software solution solutions system systems technologies technology time vehicle vehicles warehouse

Secondary Sidebar

Latest news

  • Reasons to Consider a Career in the Manufacturing Industry
  • Why is My Car Key Stuck in the Ignition?
  • Bachmann Engineering gains certification from Universal Robots for its robot module solution
  • Walmart and Symbotic expand partnership to implement automation system
  • Comau brings high-speed robotic precision to the cosmetics industry
  • EAVX unveils autonomous ‘walk-in van’ prototype
  • MassRobotics launches $50,000 robotics competition
  • Remy Robotics exits stealth mode with launch of third autonomous robotic kitchen
  • Radial expands relationship with Locus Robotics
  • Things to consider while choosing a 45ft flat rack container

Footer

We are…

Robotics and Automation News was established in May, 2015, and is now one of the most widely-read websites in its category.

Please consider supporting us by becoming a paying subscriber, or through advertising and sponsorships, or by purchasing products and services through our shop – or a combination of all of the above.

Thank you.

Independent

Archivists

July 2018
M T W T F S S
 1
2345678
9101112131415
16171819202122
23242526272829
3031  
« Jun   Aug »

Complex

Old-skool

This website and its associated magazine, and weekly newsletter, are all produced by a small team of experienced journalists and media professionals.

If you have any suggestions or comments, feel free to contact us at any of the email addresses on our contact page.

We’d be happy to hear from you, and will always reply as soon as possible.

Future-facing

Free, fair and legal

We support the principles of net neutrality and equal opportunities.

Member of The Internet Defense League

Copyright © 2022 · News Pro on Genesis Framework · WordPress · Log in

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Do not sell my personal information.
Cookie SettingsAccept
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT