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Additive Manufacturing Industry Insight From The 2016 Wohlers Report
The highly anticipated Wohlers Report 2016 has been released and is full of insightful data into the additive manufacturing (3D printing) industry. This annual state-of-the-industry report is sought-after by industry insiders and outside industry observes alike. The analysis is based on more than 20 years of data from companies in the additive manufacturing industry.
“For Wohlers Report 2016, input was collected 98 service providers, 51 system manufacturers, 15 third-party material producers, and the valuable contributions of 80 co-authors in 33 countries.” This network has allowed the Wohlers Report access to an unparalleled window into the additive manufacturing industry.
Valuable insights from the report include:
- For the second year in a row, the 3D printing industry has grown by $1 billion to a total of $5+ billion.
- The additive manufacturing (AM) industry, consisting of all AM products and services worldwide, grew 25.9% (CAGR – Corporate Annual Growth Rate) to $5.165 billion in 2015. The CAGR for the previous three years was 33.8%. Over the past 27 years, the CAGR for the industry is an impressive 26.2%.
- In 2014, the 3D printing industry grew 34.9%, the highest growth rate in 17 years.
- High growth was experienced in two seemingly distinct and opposite sectors: industrial metal additive manufacturing and desktop 3D printers.
In the coming year we expect to see continued growth in the industry. While public interest in 3D printing has seemingly cooled, those within the industry know that the technology is moving forward with leaps and bounds.
This industry leading report has really become the gold standard for computing growth, analyzing trends, and forecasting the future of the industry. If you are interested in learning more about the additive manufacturing industry this report is a great place to start.
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