3D Printing Market Estimates Are Up – 3D Printing Growth to Remain High

Posted by on Feb 7, 2014 in 3D Printers

3D Printing Market Estimates Are Up – 3D Printing Growth to Remain High
3D Printing Market Estimates Are Up – 3D Printing Growth to Remain High

Credit Suisse revised their 2016 projection for the 3D printing market an increase of 357%.

A note which came out Tuesday cites the reason for the increase as overlooked opportunities among consumers and “pro-sumers” like engineers, architects and educators. Shaffer predicts that these “pro-sumers” are the key to widespread growth in the additive manufacturing market:

“We think eventually there could be near ~100% penetration amongst engineers as it becomes a common element of the engineer’s toolkit…The number of registered architects in the US [now stands at 222,500]. We think this represents another potential growth driver, although we acknowledge the computer design proficiency amongst architects is likely lower than among recent engineering graduates…We think children under 18 will be a primary driver of adoption; they are more likely to have heightened computer proficiency, and technological awareness is high in this age group.”

In addition Shaffer points out that these “prosumers” are less sensitive to costs of 3D printers than other consumers. “Reliability, print quality, build size and service are key pro-sumer concerns rather than simply price”, notes Shaffer.

This positive adjustment to projections bodes well for the 3D printing marketplace