3D Printing Might Emerge To $4.5 Billion By 2020

07 Oct

3D Printing Might Emerge To $4.5 Billion By 2020

3D Printing technology stands tall like never before It has not only reached people but to further extend it has taken to heaven by NASA. With good quality and basic feature any one can survive in this industry. Two research team conducted a survey and it has revealed a positive result to 3D Printing industry says by 2020 it could reach $4.5 billion at an annual growth rate of 37.4%.

Research team namely Allied Market Research and Lux Research has told that India, china, UAE are the countries that could help to achieve this landmark. 3d printing market has seen different pace in recent years. It has well reached among all countries and mostly consumers are willingly buying home desktop printer to get their innovation real into object. For sure India and china will play a key role in our industry growth says the team.

3d printing emerge

Already we have seen many china manufactures started their 3d printing company that has received a positive response from users, but still Indian market for 3D printing is not up to the level comparing to china. It rarely has 3 to 4 industry overall but soon there will be huge market awaits there.

Chinese government has allotted $6.5 million fund for the development in science and technology that includes 3d printing as many projects is in process. At the by 2013, almost 60% of China's 3d printer's manufacturing seemed to be exported. Their 3d printer's producers dispatched almost 8,800 printers that generated $33 thousand within their country. The particular auto industry paid for the majority of the income creating $6.8 thousand. Units with regard to instructional works by using paid for with regard to $6.5 thousand of the total, even so the client market turned out the largest program together with income of 5,900 models within 2013.

3d printing emerge

Though the price might certainly decline gradually due to expanded and huge market from china and India, income will be high as sale will be huge says Luk research.

"While 3D printing has been touted as a way for Western economies to compete with China's manufacturing advantages, the Asian giant is also taking rapid strides to parlay its traditional strengths into 3D printing as well," says Richard Jun Li, Lux Research Director and the lead author of the report.