Global 3D Printing Market to Reach $2.99 Billion by 2018

By DE Editors

The global 3D printing market is set to reach $2.99 billion by 2018,  according to a new report from Global Industry Analysts (GIA).

According to GIA, the declining cost of 3D printers has led a wide range of industries ranging from aerospace and automotive to footwear and jewelry to adopt the technology for manufacturing objects.

In the coming years, 3D printing technology will evolve to enable printing of metals including precious metals such as silver and gold,  the report says. Further, low cost techniques will be developed for enabling 3D printing of widely available materials such as paper and plastic. Another area of growth is the medical sector, where 3D printing technology could be used for developing replacement parts.

The U.S. remains the largest single market for 3D printing.

The research report, “3D Printing: A Global Strategic Business Report,”  can be purchased on GIA’s website.

For more information, visit GIA.

Sources: Press materials received from the company and additional information gleaned from the company’s website.