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IDC: 3D printing spending will reach $13.8 billion in 2019

IDC: 3D printing spending will reach $13.8 billion in 2019

Written by David

January 8, 2019

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 $13.8 billion in 2019, an increase of 21.2% over 2018. By 2022, IDC expects worldwide spending to be nearly $22.7 billion with a five-year compound annual growth rate (CAGR) of 19.1%. Together, 3D printers and materials will account for more than two thirds of the worldwide spending total throughout the forecast, reaching $5.3 billion and $4.2 billion respectively in 2019. Services spending will trail slightly behind, reaching $3.8 billion in 2019 and led by on-demand parts services and systems integration services. Spending growth for materials and software will outpace the overall market with five-year CAGRs of 20.3% and 17.1% respectively. Discrete manufacturing will be the dominant industry for 3D printing, delivering more than half of all worldwide […]

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