3D Printing Market Set to Sky Rocket in Next Few Years – 3D Printing Industry to Hit $12 Billion

The total 3D printing (3DP) market will nearly quadruple to $12 billion in 2025, according to Lux Research. The technology is being driven by growth in diverse industries including aerospace, medical, automotive, consumer products, architecture and electronics. Breaking that market down, printers alone will be worth $3.2 billion, while $2 billion will represent formulated materials and $7 billion will come from the value of parts produced.Best Selling 3D Printers can be used to print almost anything. And firms are selling them more and more each day.

“Consumer uses of 3D printing attract most of the headlines, but industrial uses, from molds and tooling to actual production parts, are quietly having the greatest impact,” said Anthony Vicari, Lux Research Associate and the lead author of the report titled, “How 3D Printing Adds Up: Emerging Materials, Processes, Applications, and Business Models.”
“However, the field is still just getting started; advances in processing and printable materials technology are still necessary for future growth,” he added.
Research analysts developed a model incorporating industry-specific material and market requirements, historical adoption rates of new materials, and inputs from interviews with nearly 100 entities throughout the 3D printing value chain