Production of Parts for Final Products is Now 34.7% of the Market for Additive Manufacturing
In its research for Wohlers Report 2014, Wohlers Associates, Inc. found that revenues from the production of parts for final products represents 34.7% of the entire market for additive manufacturing (AM) and 3D printing. Since 2003, this market segment has gone from less than 4% to more than one-third of total revenues from AM products and services worldwide. The use of AM for this application grew by 65.4% in 2013 to an estimated $1.065 billion, up from $643.8 million the prior year. This is the first time in the history of AM for this market segment to reach the $1 billion mark.
"We are seeing companies push the limits of additive manufacturing to new levels and apply the technology in entirely new ways," said Terry Wohlers, president of Wohlers Associates. "Through investment, hard work, and determination, companies in aerospace, medical, dental, and other industries are finding ways to use AM to produce quality parts."
Wohlers Associates strongly believes that the use of AM for series production will grow to become the largest application of the technology in the future.