The market research organization CONTEXT recently released the latest market survey report, analyzing the market data of 3D printers in 2020.
The report pointed out that compared with 2019, the overall shipments of 3D printers decreased year-on-year, with the market for professional, design and industrial printers falling by 12%, 11% and 21% respectively. However, in the third quarter began to pick up, the 3D printer market of the three categories increased by 9%, 16% and 22% respectively.
Due to the new crown epidemic, many consumers are working at home, and the demand for personal consumer-grade products is strong. By the third quarter of 2020, personal-grade 3D printing equipment has increased by 2% compared with the same period last year.
In the industrial field, the top 3D printing vendors such as 3D Systems, Carbon, EOS, Hewlett-Packard and Stratasys will achieve greater profits in 2020, with shipments increasing by more than 10%.
In the field of design, it is surprising that 3D printers achieved a 16% growth rate in the third quarter of 2020. Among them, the strong growth of Stratasys and 3D Systems has helped the design category achieve strong growth.
The shipments of Markforged, Photocentric and Raise3D in the personal field achieved double-digit growth. Although the overall market has declined by 12%, the products are moving towards high-end and feature-rich trends.
CONTEXT also predicts the 3D printing market this year. At present, due to the new outbreak of the new crown epidemic in European and American countries, the economic recovery plan has been postponed. Although there is a backlog of demand, the market will not rebound significantly before the second half of 2021.
However, with the rise of metal binder jet 3D printing technology, companies with related technologies are also attracting attention. Metal and polymer 3D printers that provide mass production will lead the industry growth. CONTEXT finally predicts that the entire 3D printing market will be in 2021. Ushered in a 15% simultaneous growth.