In 2015, 3D printing companies faced many struggles; such as execution issues, a decrease in customer spending, and the ever increasing competition. All of these factors were not necessarily expected and showed in sales. Last year was the second year in a row that nearly every 3D printing stock finished lower. However, 2015 is over and it is time to start looking ahead at what 2016 holds in store for the 3D printing industry. Copier Supply Store is an online retailer of copier, printer, and 3D printer supplies, parts and filaments. We believe there are a few stats that everyone should know about 3D printing and what it means for the 2016 market of 3D printing.
- According to a worldwide 3D printing industry forecast, the industry is expected to grow by more than 31% per year between the years of 2014 and 2020, and would eventually generate $21 billion in worldwide revenue. Investors estimate that in 2016, the 3D printing industry will generate about $7.1 billion. On the contrary, 3D printing companies have reported a notable slowdown and that these estimates reflect a specific standpoint in time and didn’t account for newer developments.
- Two extremely established companies will enter the 3D printing world in 2016 and aim to address many of the shortcomings associated with 3D printing, including speed and surface finish. Both companies believe that these shortcomings are holding people back from adopting the new technology and reaching a mass scale.
- There are hundreds of thousands of enterprises that can benefit from adopting 3D printers, but have yet to purchase one. This signals that there is tremendous opportunity for the 3D printing industry over the long run, but short term prospects still remain uncertain.