3D printing industry is still in the growth stage
Relying on the industry's different life stages of key factors in the development of characteristics of the industry's maturity of the comprehensive determination and analysis, the global 3D printing industry is currently in the middle of the industry's growth. 3D printing originated in the United States at the end of the 19th century, by the U.S. study of photo-sculpture and terrain forming Technology pioneered the core idea of 3D printing, in 1986, the world's first production of 3D printing equipment company 3D Systems was founded, since then, the United States began to emerge a number of 3D printing companies.
According to Wholers data, 3D printing has averaged a 26.1% annual growth rate in global revenues in the field, including equipment, materials, and services, since its inception more than 30 years ago, and has been growing at a double-digit rate for 23 years. The industry has huge untapped potential, and due to the impact of the epidemic, the 3D printing market development in 2020 slowed down but still maintained positive growth. From a technological point of view, 3D printing has experienced a new product, poor quality, specializing in R & D and technological improvement of the "negative profitability" of the introduction period, some of the technology is now more mature, sales began to climb, the market share continues to expand, competitors continue to enter, in line with the characteristics of the growth period. In the future there will be a long period of growth, and eventually transition to maturity, to reach the highest output value and total profits.
3D printing services accounted for more than 70% of the industry
According to the "Wohlers Report 2021" data, in 2020, the structure of the global 3D printing industry, revenues from 3D printing services of about $ 7.454 billion, accounting for 59.29%, an increase of 20.3%; global 3D printing equipment realized sales of $3.014 billion, accounting for 23.97%, basically unchanged from $3.013 billion in 2019; global 3D printing material sales were $2.105 billion, compared with $1.916 billion in 2019, an increase of 9.9%.
Rich downstream application areas
According to the questionnaire survey of Wohlers Report 2021, the industry that will use 3D printing the most in 2020 is the automotive industry, which is a distant second, with a share of 16.4%. The consumer sector/electronics and aerospace follow with 15.4% and 14.7%, respectively. Sectors labeled Other in the chart are a broader range of other industrial sectors not listed in the column, such as mineral processing, chemicals, water treatment, wood/paper, and others that are not currently listed separately.
Global 3D printing market, the United States alone accounted for 1/3
As a late start in 3D printing in China, in recent years, grasping the independent innovation and research and development, although there is still a certain gap between the technology and that of foreign countries, but also step by step towards refinement and professional development. Of course, the huge market potential in China has also attracted the attention and investment of many foreign 3D printing industry giants, further promoting the development of China's 3D printing industry.
2020 global 3D printing scale close to 13 billion U.S. dollars
2020 global outbreak of the new crown epidemic, the countries of the shortage of medical protection equipment, at this time 3D printing played a role in saving the scene. The United States, the United Kingdom and other countries of the creative team, Netflix, university institutions are using 3D printers to produce masks, medical masks, goggles and other anti-epidemic equipment, to alleviate the shortage of medical protective supplies around the world; In addition, the epidemic on the global supply chain has caused a serious impact on the beginning of the middle and late March, North America, Europe, all kinds of factories have been shut down, the supply of industrial parts and components have been hit by the huge impact. In addition to the supply chain, the layers of circulation of sales and logistics channels at the same time by a greater impact, so that a lot of product parts out of supply. To fast, small batch, no mold, flexible manufacturing as the characteristics of 3D printing to bypass these supply chain breakpoints, opened up a new path to solve the supply problem; the largest domestic B2C cross-border e-commerce platform Global Sell-through on the data show that during the epidemic period of domestic 3D printers sales are booming, since the epidemic on the platform of 3D printers and sales in 2019 than has doubled.
Wohlers Associates, an authoritative global 3D industry research organization, by summarizing data from 261 service providers, system manufacturers, and material producers around the world, Wohlers Report 2021 states that the global 3D printing market will reach $12.758 billion in 2020, compared to 2019, an increase of 7.5%, lower than the previous growth rate of 21.2%. Numerous companies worldwide have been affected by the epidemic, and layoffs and spending cuts are even more prevalent, with Stratasys and 3D Systems, two of the largest companies in the industry, being the most typical.In 2020, the two companies accounted for 8.5% of the overall industry, compared to 10.7% and 13.8% in 2019 and 2018, respectively, which shows a year-on-year decreasing trend, which also means that that other equipment manufacturers in the industry are on the rise.
The above data refer to China 3D Printing Industry Market Outlook and Investment Strategy Planning Analysis Report by Prospect Industry Research Institute