Menu
System integrators size up $23B 3D printing market

System integrators size up $23B 3D printing market

Opportunity spans hardware, materials, software and services

System integrators are preparing to capitalise on increased demand for 3D printing solutions, in a market forecast to reach US$23 billion by 2022.

Spanning hardware, materials, software and services, the market is expected to record annual growth of 18.4 per cent during the next five years, according to IDC findings.

In the short-term, research forecasts worldwide spending to exceed US$14 billion in 2019, an increase of 23.2 per cent over 2018.

“3D printing solutions are gaining traction outside of the traditional industries of aerospace and automotive manufacturing and healthcare," said Marianne Daquila, research manager at IDC.

“Professional services and retail will each see more than US$1 billion dollars in annual spending before the end of the forecast period, driven by the benefits of fully customised solutions.”

Together, Daquila said 3D printers and materials will account for “roughly two thirds” of the worldwide spending total throughout the forecast, reaching US$7.8 billion and US$8 billion respectively in 2022.

Of note to the channel. services spending will reach US$4.8 billion in 2022, led by on-demand parts services and system integration services.

Meanwhile, purchases of 3DP software will grow more slowly than the overall market with a five-year growth rate of 16.7 per cent.

According to IDC, the leading use cases for 3D printing are prototypes, aftermarket parts and parts for new products - combining to account for 45 per cent of worldwide spending in 2019.

“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 at IDC.

“The development of some of these new materials is critical, because it increases both adoption and utilisation. Over the forecast period IDC expects revenue from 3D printed materials to surpass revenue from 3D printer hardware.”

Geographically speaking, the US will be the region with the largest spending total in 2019 (US$5.4 billion) followed by Western Europe (US$4 billion).

Together, these two regions will provide nearly two thirds of all 3D printing spending throughout the forecast.

In addition, China will be the third largest region with more than US$1.9 billion in spending, followed by Asia Pacific (excluding Japan) Central and Eastern Europe (CEE), the Middle East and Africa (MEA).


Follow Us

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags IDC3d printing

Events

Featured

Slideshows

Meet the Reseller News 30 Under 30 Tech Awards 2020 winners

Meet the Reseller News 30 Under 30 Tech Awards 2020 winners

This year’s Reseller News 30 Under 30 Tech Awards were held as an integral part of the first entirely virtual Emerging Leaders​ forum, an annual event dedicated to identifying, educating and showcasing the New Zealand technology market’s rising stars. The 30 Under 30 Tech Awards 2020 recognised the outstanding achievements and business excellence of 30 talented individuals​, across both young leaders and those just starting out. In this slideshow, Reseller News honours this year's winners and captures their thoughts about how their ideas of leadership have changed over time.​

Meet the Reseller News 30 Under 30 Tech Awards 2020 winners
Reseller News Exchange Auckland: Beyond the myths — how partners can master cloud security

Reseller News Exchange Auckland: Beyond the myths — how partners can master cloud security

This exclusive Reseller News Exchange event in Auckland explored the challenges facing the partner community on the cloud security frontier, as well as market trends, customer priorities and how the channel can capitalise on the opportunities available. In association with Arrow, Bitdefender, Exclusive Networks, Fortinet and Palo Alto Networks. Photos by Gino Demeer.

Reseller News Exchange Auckland: Beyond the myths — how partners can master cloud security
Reseller News welcomes industry figures at 2020 Hall of Fame lunch

Reseller News welcomes industry figures at 2020 Hall of Fame lunch

Reseller News welcomed 2019 inductees - Leanne Buer, Ross Jenkins and Terry Dunn - to the fourth running of the Reseller News Hall of Fame lunch, held at the French Cafe in Auckland. The inductees discussed the changing face of the IT channel ecosystem in New Zealand and what it means to be a Reseller News Hall of Fame inductee. Photos by Gino Demeer.

Reseller News welcomes industry figures at 2020 Hall of Fame lunch
Show Comments