World 3D Printing Market

LONDON, Jan. 28, 2014 /PRNewswire/ -- Reportbuyer.com just published a new market research report:

World 3D Printing Market


INTRODUCTION

The Freedonia Group Incorporated is a leading international industry study/database company. Founded in 1985, Freedonia publishes more than 125 studies each year, covering such areas as building materials, chemicals, health care, packaging, pharmaceuticals, plastics, security, and many other industries. Studies cover entire industry sectors as well as key niche markets. Each study includes such valuable intelligence as growth markets and products, market share, product analyses and forecasts, market analyses and forecasts, and company profiles. Studies specific to the US also place the industry into its international context. This study analyzes the global three-dimensional (3D) printing (also known as additive manufacturing, rapid prototyping, or direct manufacturing) industry.

Product segments covered include 3D printers, materials, software, and other (e.g., 3D scanners, parts). Markets for these products include consumer products, automotive, medical and dental, and other (e.g., aerospace, defense, textiles, food). Excluded from the scope of the study are 3D products that are printed and sold either externally (e.g., dental products or jewelry) or used internally (e.g., tools or jigs). Also excluded are consumer 3D printing services (such as those that allow individual customers to upload their 3D designs online and then have their 3D printed items shipped to them). Historical data (2002, 2007, and 2012) and forecasts for 2017 and 2022 are presented for 3D printing demand by product, material, market, geographic region, and major country in current US dollars (i.e., including inflation). The terms "market," "sales," "consumption," and "demand" refer to apparent consumption, and are defined as shipments (also referred to variously as "production," "output," or "supply") from a country's indigenous manufacturing facilities plus imports minus exports. Tabular details may not add to totals due to independent rounding, and some ratios are based on unrounded numbers.

Throughout the study, demand for 3D printing is related to various indicators for comparative purposes and to facilitate further analysis. Data on world 3D printing markets are derived from differing sources and developed from statistical relationships. Information and data on 3D printing were obtained from several primary and secondary sources, including government and trade publications, industry participants, and online databases. These and other supporting data were adjusted as necessary in light of consultation with personnel of participating companies and other industry contacts. Variations are commonplace among these types of international reporting, and, consequently, data presented in this study are historically consistent but may differ from other sources. Variances may also occur because of definitional differences. Major suppliers of 3D printing products are identified and profiled, and the key strategic and competitive variables affecting the industry are discussed. The entire report is framed within the world 3D printing industry's economic, demographic, and market environments. World 3D printing market share data by company presented in the "Industry Structure" section are estimated based on consultation with multiple sources. Corporate annual reports, SEC Form 10- K filings, fact books, product catalogs, and other company-provided information were used extensively in framing the industry environment and as input for market size assessment. Macroeconomic and demographic indicators presented in this study were obtained from The Freedonia Group Consensus Forecasts dated June 2013.

Gross Domestic Product (GDP) historical data are derived from the national income and products accounts from the Organisation for Economic Co- Operation and Development (OECD) for its member countries, from the European Bank for Reconstruction and Development (EBRD) for its member countries, and from the International Monetary Fund for its member countries that are not part of the OECD or EBRD. Sources of GDP estimates for other countries are based on information from the World Bank and a variety of sources including the countries' statistical bureaus. GDP forecasts are developed from a consensus of public agencies and private firms. All estimates of gross domestic product and components of GDP are done in terms of constant purchasing power parity in a benchmark year (2011) that is one year before the base year (2012) used in this study. Purchasing power parity GDP estimates for the benchmark year are obtained from the OECD; Eurostat; the World Bank; the International Monetary Fund; the US Central Intelligence Agency; and selected other sources. These purchasing power parity GDP estimates for the benchmark year are based on gross domestic product data expressed in the individual countries' local currency, which are then converted to US dollars by valuing each country's output at US prices in the benchmark year. This approach values the same physical output at a consistent price for all countries, thereby reducing the distorting influence of different price levels in the different countries. The alternative approach of using exchange rates to convert local currency GDP to US dollars would tend to overvalue the output of countries with high average price levels and undervalue the output of countries with low average price levels, because exchange rate conversions only partially reflect the relative prices for goods and services that are domestically consumed and invested. Furthermore, factors other than relative prices -- such as demand and supply in currency markets, interest rates, and capital flows -- affect exchange rates.

Once the GDP values for a country are estimated for the benchmark year, we then calculate inflation-adjusted GDP for all other years for that country based on historical and forecast growth rates of GDP expressed in inflationadjusted units of that country's local currency. This approach ensures that the GDP series for any given country is an accurate index of changes in inflationadjusted GDP for that country. However, it also implicitly assumes that the price structures across countries do not change from those of the benchmark year. Therefore, caution should be used in comparing the relative GDP of countries in years other than the benchmark year. If the ratio of prices across two countries in a given year differs from the ratio of prices across those countries in the benchmark year, then the change in the relative sizes of those two economies as measured will not accurately reflect changes in output. The benchmark year is chosen to be one year prior to the base year for the study for reasons of data availability. One benefit of that choice is that the ratio of prices across countries in the base year is usually similar to that in the benchmark year. Therefore, the ratio of real GDP between two countries in the base year of 2012 is generally a reasonably accurate representation of the relative sizes of their economies.

World demand to rise over 20% annually through 2017

World demand for 3D printing is projected to rise more than 20 percent per year to $5 billion in 2017. While professional uses such as design and prototyping will continue to account for the majority of demand, the most rapid growth will be seen in production and consumer applications. 3D printers will increasingly be utilized to manufacture direct production parts and finished goods in a wide variety of applications. In the consumer segment, projected price drops in desktop 3D printers (helped by upcoming expiration of patents) will motivate purchases by hobbyists and doit- yourselfers for personal at-home use. Gains will also be driven by growing awareness and interest in 3D printing technologies. Furthermore, as 3D printing speeds and material quality improves, greater adoption of additive production technologies is expected.

Plastics to remain top material, metals to grow fastest

Above-average growth will be seen in demand for printing materials, as the rapidly expanding installed base of 3D printers fuels related materials consumption. Plastics such as acrylonitrile butadiene styrene (ABS), polylactic acid (PLA), and nylon were the first types of materials used in 3D printing, and remain the simplest to work with. Plastics will continue to account for the majority of materials demand, but faster growth is projected for metals, based on their greater strength and resistance, as well as rapid gains in markets such as aerospace. Global demand for software and other 3D printing products such as 3D scanners will grow in line with the overall average, supported by ongoing needs for technological updates and upgrades.

Good opportunities in medical & dental market

Some of the fastest growth will be seen in the medical and dental market, with especially good opportunities expected in dental applications such as braces, prostheses, crowns, bridges, dental aligners, and models for dental restoration procedures. Other leading markets for 3D printing products include consumer products (e.g., jewelry, toys, fashion, consumer electronics), automotive, and aerospace, with the latter expected to see above-average growth. For instance, in 2013 General Electric announced plans to use 3D printers to produce fuel nozzles for its next-generation jet engine. These nozzles are expected to be lighter and stronger than those produced using conventional production techniques.

US to continue as largest 3D printing market

The US will remain by far the largest national 3D printing market in the world, accounting for 42 percent of global sales in 2017. In developed areas such as the US and Western Europe, 3D printing market value will be supported by the growing presence of metal-based 3D printers for the production of finished parts, as such systems are significantly more expensive than plastics-based 3D printing systems. Rapid gains are expected in China, where most applications (especially in large markets such as consumer products manufacturing) center around design, sample testing, or prototyping. Demand in China will also benefit from significant government funding in academic institutions, science and research centers, as well as manufacturing companies.
INTRODUCTION x

I. EXECUTIVE SUMMARY 1

II. MARKET ENVIRONMENT 4

General 4
World Economic Environment 5
Recent Historical Trends 5
World Economic Outlook 7
World Demographic Overview 10
World Population 11
World Urbanization Patterns 13
World Per Capita Gross Domestic Product 14
World Personal Consumption Expenditure Trends 16
World Industrial Outlook 18
Industrial Output Trends 19
Gross Fixed Investment Outlook 21
World Health Care Trends 23
World Motor Vehicle Production 27
Pricing Trends 29
3D Printers 30
Materials 31
Software 32
Technology Overview 33
Binder Jetting 33
Material Jetting 34
Powder Bed Fusion 34
Directed Energy Deposition 35
Material Extrusion 35
Vat Photopolymerization 36
Sheet Lamination 37
Regulatory Considerations 37

III. OVERVIEW 41

3D Printer Installed Base by Region 41
3D Printing Demand by Region 43
3D Printing Demand by Product 45
3D Printers 47
Professional 49
Production 49
Consumer 50
Materials 51
Plastics 52
Metals 54
Other 56
Software & Other 57
3D Printing Demand by Market 59
Consumer Products 61
Automotive 63
Medical & Dental 65
Other 67
Aerospace 68
All Other 69
World Production Overview 71

IV. NORTH AMERICA 73

Market Environment 73
3D Printing Demand 75
United States 77
Canada 85
Mexico 91
V. WESTERN EUROPE 96
Market Environment 96
3D Printing Demand 98
France 100
Germany 105
Italy 112
Spain 117
United Kingdom 122
Other Western Europe 127

VI. ASIA/PACIFIC 134

Market Environment 134
3D Printing Demand 136
Australia 138
China 143
India 151
Japan 156
South Korea 162
Taiwan 167
Other Asia/Pacific 172
VII. OTHER REGIONS 178
Central & South America 178
3D Printing Demand 180
Suppliers 182
Eastern Europe 183
3D Printing Demand 185
Suppliers 187
Africa/Mideast 188
3D Printing Demand 190
Suppliers 192

VIII. INDUSTRY STRUCTURE 194

General 194
Market Share 197
Acquisitions & Divestitures 201
Cooperative Agreements 204
Research & Development 208
Marketing & Distribution 210
Public & Private Funding 211
Printing Services 215
Company Profiles 216
Aleph Objects Incorporated 217
Arcam AB 218
Asiga 220
Aspect Incorporated 221
Autodesk Incorporated 222
BeAM 224
Beijing Long Yuan Automated Fabrication System
Company Limited 225
Beijing TierTime Technology Company Limited 226
Carima Company Limited 227
CMET, see Nabtesco
Dassault Systèmes SA 228
Delta Micro Factory, see Beijing TierTime Technology
Digital Wax Systems, see DWS
DWS srl 230
EnvisionTEC GmbH 232
EOS GmbH 234
Evonik Industries AG 236
ExOne Company 238
Figulo, see 3D Systems
Fruth Innovative Technologien GmbH 240
Geomagic, see 3D Systems
InssTek Incorporated 241
Keyence Corporation 242
Leapfrog BV 243
MakerBot Industries, see Stratasys
Materialise NV 244
Matsuura Machinery Corporation 246
Mcor Technologies Limited 247
Nabtesco Corporation 249
Nanjing Zijin-Lead Electronics Company Limited 250
netfabb, see Fruth Innovative Technologien
Objet Japan, see Stratasys
Phenix Systems, see 3D Systems
Phillips Service Industries Incorporated 252
Rapidform, see 3D Systems
ReaLizer GmbH 253
Renishaw plc 255
RepRap Professional Limited 257
Sciaky, see Phillips Service Industries
Shaanxi Hengtong Intelligent Machine Company Limited 258
Shanghai Union Technology Company Limited 259
Sintermask, see Fruth Innovative Technologien
SLM Solutions GmbH 260
Solidscape, see Stratasys
SpaceClaim Corporation 261
Stratasys Limited 263
The Sugar Lab, see 3D Systems
3D Systems Corporation 266
3Geometry Manufacturing Systems Private Limited 272
3Shape A/S 273
Trumpsystem Precision Machinery Company Limited 275
Ultimaker BV 276
voxeljet AG 277
Wuhan Binhu Mechanical & Electrical Company Limited 278
Additional Companies 280

LIST OF TABLES

SECTION I -- EXECUTIVE SUMMARY
Summary Table 3

SECTION II -- MARKET ENVIRONMENT
1 World Gross Domestic Product by Region 10
2 World Population by Region 12
3 World Urban Population by Region 14
4 World Per Capita Gross Domestic Product by Region 16
5 World Personal Consumption Expenditures by Region 18
6 World Manufacturing Value Added by Region 21
7 World Gross Fixed Investment by Region 23
8 World Health Care Expenditures by Region 26
9 World Motor Vehicle Production by Region 29
SECTION III -- OVERVIEW
1 World 3D Printer Installed Base by Region 42
2 World 3D Printing Demand by Region 44
3 World 3D Printing Demand by Product 46
4 World 3D Printer Demand by Region & Application 48
5 World 3D Printing Materials Demand by Region & Type 52
6 World 3D Printing Software & Other Demand by Region 59
7 World 3D Printing Demand by Market 60
8 World Consumer Product Market for 3D Printing by Region 63
9 World Automotive Market for 3D Printing by Region 65
10 World Medical & Dental Market for 3D Printing by Region 67
11 World Other Markets for 3D Printing by Region & Market 68

SECTION IV -- NORTH AMERICA
1 North America: 3D Printing Market Environment 75
2 North America: 3D Printing Demand by Product & Market 76
3 United States: 3D Printing Market Environment 79
4 United States: 3D Printing Demand by Product & Market 81
5 Canada: 3D Printing Market Environment 87
6 Canada: 3D Printing Demand by Product & Market 89
7 Mexico: 3D Printing Market Environment 93
8 Mexico: 3D Printing Demand by Product & Market 95

SECTION V -- WESTERN EUROPE
1 Western Europe: 3D Printing Market Environment 98
2 Western Europe: 3D Printing Demand by Product & Market 99
3 France: 3D Printing Market Environment 102
4 France: 3D Printing Demand by Product & Market 104
5 Germany: 3D Printing Market Environment 107
6 Germany: 3D Printing Demand by Product & Market 109
7 Italy: 3D Printing Market Environment 114
8 Italy: 3D Printing Demand by Product & Market 116
9 Spain: 3D Printing Market Environment 119
10 Spain: 3D Printing Demand by Product & Market 121
11 United Kingdom: 3D Printing Market Environment 124
12 United Kingdom: 3D Printing Demand by Product & Market 126
13 Other Western Europe: 3D Printing Market Environment 129
14 Other Western Europe: 3D Printing Demand
by Product & Market 131

SECTION VI -- ASIA/PACIFIC
1 Asia/Pacific: 3D Printing Market Environment 136
2 Asia/Pacific: 3D Printing Demand by Product & Market 137
3 Australia: 3D Printing Market Environment 140
4 Australia: 3D Printing Demand by Product & Market 142
5 China: 3D Printing Market Environment 145
6 China: 3D Printing Demand by Product & Market 148
7 India: 3D Printing Market Environment 153
8 India: 3D Printing Demand by Product & Market 155
9 Japan: 3D Printing Market Environment 158
10 Japan: 3D Printing Demand by Product & Market 160
11 South Korea: 3D Printing Market Environment 164
12 South Korea: 3D Printing Demand by Product & Market 166
13 Taiwan: 3D Printing Market Environment 169
14 Taiwan: 3D Printing Demand by Product & Market 171
15 Other Asia/Pacific: 3D Printing Market Environment 174
16 Other Asia/Pacific: 3D Printing Demand
by Product & Market 176

SECTION VII -- OTHER REGIONS
1 Central & South America: 3D Printing Market Environment 180
2 Central & South America: 3D Printing Demand
by Product & Market 182
3 Eastern Europe: 3D Printing Market Environment 185
4 Eastern Europe: 3D Printing Demand by Product & Market 187
5 Africa/Mideast: 3D Printing Market Environment 190
6 Africa/Mideast: 3D Printing Demand by Product & Market 192

SECTION VIII -- INDUSTRY STRUCTURE
1 World 3D Printing Sales by Company, 2012 196
2 Selected Acquisitions & Divestitures 203
3 Selected Cooperative Agreements 206

LIST OF CHARTS

SECTION III -- OVERVIEW
1 World 3D Printer Installed Base by Region, 2012 43
2 World 3D Printing Demand by Region, 2012 45
3 World 3D Printing Demand by Product, 2012 47
4 World 3D Printing Demand by Market, 2012 61

SECTION IV -- NORTH AMERICA
1 North America: 3D Printing Demand by Country, 2012 77

SECTION V -- WESTERN EUROPE
1 Western Europe: 3D Printing Demand by Country, 2012 100

SECTION VI -- ASIA/PACIFIC
1 Asia/Pacific: 3D Printing Demand by Country, 2012 138

SECTION VIII -- INDUSTRY STRUCTURE
1 World 3D Printing Market Share, 2012 197


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World 3D Printing Market
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