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IDC Forecasts Worldwide Spending on 3D Printing to Reach $23 Billion in 2022

IDC Forecasts Worldwide Spending on 3D Printing to Reach $23 Billion in 2022

Written by Paul

August 3, 2018

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) growing to $23.0 billion in 2022 with a five-year compound annual growth rate (CAGR) of 18.4%. IDC forecasts worldwide spending to exceed $14.0 billion in 2019, an increase of 23.2% over 2018.

Together, 3D printers and materials will account for roughly two thirds of the worldwide spending total throughout the forecast, reaching $7.8 billion and $8.0 billion respectively in 2022. Services spending will reach $4.8 billion in 2022, led by on-demand parts services and systems integration services. Purchases of 3DP software will grow more slowly than the overall market with a five-year CAGR of 16.7%.

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