3D printing industry expected huge growth from now to 2020

This article appeared
at RT

Wave of future: 3D printing industry to quadruple by 2020

3D printing can produce almost everything from human stem cells to a car,and is at its most popular in the industry’s 29–year history. It has grown by 35.2 percent in 2014 and is expected to become a $20.2 billion global industry by the end of the decade.

The global industry for 3D printing, or additive manufacturing as it is sometimes called, was worth $4.1 billion last year, following a 34.9 percent growth on 2013, according to Wohlers Report 2015. The industry has experienced a compound annual growth rate of 33.8 percent over the last three years.

It’s impossible to find another industry with more than 25 years of experience that could have such kind of growth, says consultancy founder Terry Wohlers, who has been tracking the growth of the additive manufacturing industry since the 1980s.

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