3D printing, or more accurately, additive manufacturing (AM), has come a long way since its inception, and especially the past few years. It also continues to grow at an amazing rate. IDC forecasts worldwide spending on 3D printing to be early $12 billion in 2018
A new update to the Worldwide Semiannual 3D Printing Spending Guide from International Data Corporation (IDC) shows global spending on 3D printing (including hardware, materials, software, and services) will be nearly $12.0 billion in 2018, an increase of 19.9% over 2017. By 2021, IDC expects worldwide spending to be nearly $20.0 billion with a five-year compound annual growth rate (CAGR) of 20.5%.
Discrete manufacturing will be the dominant industry for 3D printing, delivering more than half of all worldwide spending throughout the 2017-2021 forecast. Healthcare providers will be the second largest industry with a spending total of nearly $1.3 billion in 2018, followed by education ($974 million) and consumer ($831 million). By 2021, IDC expects professional services and retail to move ahead of the consumer segment. The industries that will see the fastest growth in 3D printing spending over the five-year forecast are the resource industries and healthcare.
The leading use cases for 3D printing are prototypes, aftermarket parts, and parts for new products. As the primary use cases for the discrete manufacturing industry, these three use cases will account for 44% of worldwide spending in 2018.
As testament to this tremendous growth, this week, 3D printer manufacturer Ultimaker announced that Robert Bosch GmbH, a leading global supplier of technology and services, will invest in Ultimaker 3 Extended printers on a global scale. After comparing several desktop 3D printers, the additive manufacturing department of Bosch selected Ultimaker as the most reliable, easy-to-use, and machine that produced the highest quality parts. The printers will now be used in different locations across Germany, Hungary, China, India, the United States and Mexico for printing innovative prototypes, tooling, jigs and fixtures, while cutting design and manufacturing costs.
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As the world’s largest supplier of automotive components and an important supplier of industrial technologies, consumer goods, and energy and building technology, Bosch, has a strategic objective to deliver innovative products. In order to save time and costs, and for a faster time-to-market for its new products, the company decided to invest in desktop 3D printing on a global scale. Now, with the Ultimaker rollout, all departments of the additive manufacturing department of Bosch can benefit from a uniform 3D printing solution with materials, training and global support. This approach will ensure consistent, quality 3D printing results across teams and locations.