Consumer 3D Printing Market Analysis Consumer 3D Printing Market | Page 9

To Enquire About the Report Click Here KEY INSIGHTS 3D Printers and 3D printing market have become the buzz words in the additive manufacturing industry currently. The market is estimated to reach $1.2bn in revenue by 2020, growing at a CAGR of 45%.  The market is becoming highly consolidated with Stratasys and 3Dsystems being the global behemoths in this industry. 3DSystems especially has been highly active with a string of acquisitions of smaller companies (around 40) across the globe in the past 2 years.  Stratasys also has merged with Objet recently and has acquired the popular manufacturer Makerbot in June 2013 for $604 million, wherein $403 million is in exchange for 100% of MakerBot’s stock. The remaining two-thirds of the deal will be subject to MakerBot’s performance during the next two years.  Highest growth in this market is being primarily seen in the US currently but both APAC and the European markets will contribute significant revenues in 2 years’ time as distribution channels and local manufacturing plants proliferate in these regions.  As the recent wave of 3D printing companies launches was based on expiration of key patents in additive manufacturing, another wave of new companies are expected to arrive in 2014 based on key patents expiration in the laser sintering technology.