SAN DIEGO, April 14, 2016 /PRNewswire/ -- XYZprinting, the world's leading 3D printing company, announced today that it has been recognized and continues to sustain its global leadership position in the desktop 3D-printer segment, according to CONTEXT, an IT market-research firm. The new report, 3D Printing Market Trends Q4 2015 and Full Year, revealed XYZprinting leads the Desktop 3D-Printer space, extending its global market share to 31 percent in the last quarter of 2015, and 21 percent for 2015 overall.
In the nascent 3D printing industry, XYZprinting has consistently maintained a strong global market share due to the company's market expertise and focus on product quality and affordability. This is a reflection of the company's affordable product suite, leadership under CEO Simon Shen, and 40-year manufacturing heritage from parent company, New Kinpo Group.
"At XYZprinting we are focused on innovation and evolving the 3D printing industry," said Simon Shen, CEO of XYZprinting and New Kinpo Group. "Our success comes from delivering products that are accessible, high quality, and easy-to-use. Since January, the introduction and momentum of our comprehensive product ecosystem has only further addressed the market's demand for a full suite of solutions for consumer, B2B, and education markets."
The past year was one of impressive growth in XYZprinting's expansion of its 3D product ecosystem, while the company sustains top global market share. At CES 2016, XYZprinting introduced eight different 3D printer models, including a sub-$300 Mini printer and 3D Pen ($49), both launching this summer for consumers. XYZprinting has also made aggressive efforts in the B2B market. This is supported by XYZprinting's newest Nobel printer, a higher priced solution with more advanced technology for commercial use. Unlike Fused Filament Fabrication printers, the Nobel printer is embedded with the latest Digital Light Processing (DLP) technology, which prints castable and standard resin, resulting in an efficient and precise user experience and high print quality. The company also offers a variety of education solutions; such as XYZ STEAM, a free 3D printing curriculum exchange platform, and XYZmaker, an intuitive 3D modeling application for young users.
Echoing XYZprinting's success, the CONTEXT report indicates the market's growth has been driven mainly by the desktop/consumer 3D printer market, while the industrial segment has seen a drop in shipments. Worldwide shipments for 3D printers rose 19 percent in the fourth quarter of 2015, and 30% throughout the full calendar year. Furthermore, in the final quarter of 2015, of the total 73,012 units shipped, the majority of those sales (96 percent) were attributed to low-cost personal/desktop 3D printers, with an average price below $5,000. According to the report, CONTEXT "expects growth in 2016 to be fueled by even more aggressively priced 3D printers." The report also found that device demand is driven by business-to-business (B2B) purchases and supported by individual at-home consumers.
In addition to this most recent accolade from CONTEXT, XYZprinting has been recognized for its high-quality products with awards such as TWICE's "Best Pick" award, Digital Trends' "Top Tech of CES" award, Reviewed.com's "CES Editor's Choice" award, PC Mag's "Best of CES" award, COMPUTEX Taipei 2015 "Best Choice" award and Tech & Learning Magazine's "Best of ISTE 2015" award. Its 3D printers have received widespread attention and reviews from the top media influencers in business and technology, including TechCrunch, Forbes, CNET, and VentureBeat.
XYZprinting, a New Kinpo Group company, is dedicated to bringing cost-effective 3D printing to educators and classrooms, consumers and artists, small-to-midsized businesses, and households around the world. With proven industry expertise, XYZprinting has broken down the barriers of 3D printer ownership by providing an easy-to-use device that delivers an outstanding user experience, connected to a computer or via mobile. Its printers have won numerous other accolades within the 3D printing industry, at major industry events, and with top publications. XYZprinting currently has offices in China, Japan, Korea, Thailand, the United States and Europe. To learn more, please visit http://us.xyzprinting.com.
About New Kinpo Group (NKG)
New Kinpo Group, a corporation of several subsidiaries including Cal-Comp, XYZprinting, Kinpo Electronics and AcBel, is a global electronic manufacturing services (EMS) and original design manufacturing (ODM) company that offers its customers lower costs, faster delivery times and world-class product quality. The company's EMS business spans multiple product lines, including storage, printers, network-attached storage (NAS), wireless and broadband, digital home, consumer electronics, wearables, 3D printing, robotics, power management and smart grid, industrial, automotive, security, medical/healthcare and emerging technologies. New Kinpo Group's network of strategically located manufacturing sites have the added benefit of allowing customers to manufacture products closer to their end customers, resulting in dramatically reduced shipping costs, lower tariffs and more cost-effective inventory management. For more information, visit http://en.newkinpogroup.com.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/xyzprinting-secures-global-market-leader-position-in-the-desktop-3d-printer-segment-for-2015-300251368.html