Recently, IDC, the international market research organization, released the 2016 global 3D printing market survey report. The report predicts that the global market value of the 3D printing market will reach 28.9 billion US dollars (about 99.37 billion yuan) by 2020, and the compound annual growth rate of the market will reach 22.3% in the next five years. According to the report, the global revenue of 3D printers, 3D printed materials, 3D printing software and 3D related printing services in 2016 was approximately US$13.2 billion (approximately RMB 91.06 billion). From a regional perspective, IDC predicts that by 2020, US 3D printing revenue will account for 25% of global 3D printing revenue; in Western Europe, Asia Pacific and Japan, 3D printing revenue will account for more than 50% of global 3D printing market revenue; In addition, the 3D printing market in the Middle East, Africa (MEA) and Central and Eastern Europe (CEE) will enter a period of rapid growth. It is expected that by 2020, 3D printing revenue in Western Europe may catch up with the United States. Discrete manufacturing is a pillar industry in the 3D printing industry and is expected to generate more than two-thirds of global 3D printing revenue in the future. IDC customer research and analyst Carla La Croce said: "With the continuous expansion of 3D printers and 3D printing materials and the gradual reduction of 3D printing materials prices, the 3D printing industry will become more mature, and more new uses will be developed in the future. In addition, the existing application examples of 3D printing technology will continue to increase market share in the 3D printing market." Source: China office supplies network dinner table dinner table Jiangmen Lihua Import & Export Trading Co., Ltd. Jiangmen Lihua Furniture., Ltd. , https://www.jmlihua.com
The global 3D printing market is expected to grow significantly in the next five years