MCADCafe Editorial 
Ric Fulop
Ric Fulop CEO and Co-Founder Ric Fulop is the CEO and co-founder of Desktop Metal, a company committed to accelerating the transformation of manufacturing with end-to-end metal 3D printing solutions. Founded in 2015 by leaders in advanced manufacturing, materials science, and … More » MCADCafe Industry Predictions for 2020 – Desktop MetalJanuary 10th, 2020 by Ric Fulop
 Prediction: 3D printing will be a long, but steady, boom
“Why is the growth in 3D printing so gradual? It is what I call a long boom. Think of electric vehicles – why aren’t they everywhere yet? If you have 500 million vehicles in a fleet, it takes maybe 10 to 15 years to turn that fleet of vehicles globally. So, if you wanted to switch everything to EV, you’d have to have every car being sold EV for 15 years. That’s going to take a long time, and that’s the same analogy that we have in manufacturing. We’ve had a decade of 30 percent growth average in the additive industry or more and we’re getting ready for a second decade of 30 percent growth. How big will AM become? We look at the size of the manufacturing industry being $12 trillion and additive is not even a fraction of that today. I see additive growing from $10 billion to $100 billion in the next 15 years. That is the kind of arc that the additive industry will soon enter and grow for the next 100 years.”
Prediction: Additive manufacturing has a decade of growth in front of it
“When we started in the industry in 2015, the industry was $5 to $6 billion. Last year, it was $9.8 billion and over the next decade, that’s going to grow to $70 to $100 billion. It’s not overnight, but it’s going to be a constant 20-30% of growth annually. It’s that constant double-digit growth for a decade that’s what gets you to a really big industry. So, that’s the exciting part about this phase that we’re in. As we remove barriers, add more materials and increase applications, we’ll have a decade of growth in front of us.” Tags: Industry Predictions |
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