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.
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