Worldwide shipments of 3D printers (3DPs) will reach 217,350 units in 2015, up from 108,151 in 2014, according to Gartner’s latest forecast. 3D printer shipments will more than double every year between 2015 and 2018, by which time worldwide shipments are forecast to reach more than 2.3 million.
“As we noted last year, the 3D printer market is at an inflection point. Unit shipment growth rates for 3D printers, which languished in the low single and double digits per year throughout the 30 years since the first 3D printers were invented, are poised to increase dramatically beginning in 2015. As radical as the forecast numbers may seem, bear in mind that even the 2.3 million shipments that we forecast will be sold in 2018 are a small fraction of the total potential market of consumers, businesses and government organizations worldwide,” said Pete Basiliere, Research Vice President – Gartner.
Seven technologies constitute the 3D printer market with material extrusion leading the market’s growth through 2018 due to significant worldwide consumer adoption of 3D printers costing less than $1,000. The primary market drivers for “consumer” 3D printers are lower prices, improved performance and expanded global availability.
The primary “enterprise” 3D printer market drivers are the viability of 3D printing technologies for prototyping and manufacturing coupled with lower 3D printer costs, improved quality and a wider range of materials.
End-user spending on 3D printers varies by technology and shipments, but other market forces also come into play. Material extrusion spending is impacted by the high number of startup and small companies worldwide that are taking advantage of the low barrier to entry to sell consumer 3D printers for less than $500.
Whether these startups and small companies have sufficient revenue to cover not only their production and overhead costs but also service, sales, channel development, research and development, and owners’ profit remains to be seen. Conversely, providers of technologies such as directed-energy deposition and powder bed fusion will be able to hold prices as demand for their equipment rises, adding value in ways other than a costly price war in order to attract and retain enterprise buyers.
Gartner predicts that end-user spending on material extrusion technology will increase from $789 million in 2015 to around $6.9 billion in 2018. Overall, end-user spending on 3D printers is expected to increase from $1.6 billion in 2015 to around $13.4 billion in 2018 with technologies such as vat photopolymerisation and material jetting leading this growth due to expanded acceptability within the consumer and enterprise markets.
Average selling prices (ASPs) also vary with technology and market forces. Each market has different dynamics, including the mix of devices, prices and buyer requirements that drive the average for all 3D printers in a given technology.
“Manufacturers will strive to add features and improve performance in the first few years rather than reduce the prices of printers.Therefore, the ASPs of a few technologies are expected to increase or to gradually decrease in the outer years after an increase in 2014 or 2015.
Directed-energy deposition printers are the most highly priced, followed by powder bed fusion printers. The ASPs of material extrusion and vat photopolymerization printers are expected to decrease as more and more players enter the market with offerings in the lower price bands within these two technologies,” added Basiliere.
Shipments by price band are affected by the 3D printer technologies represented within them. Of particular note are the lowest priced $1-to-$1,000 and $1,001-to-$2,500 bands, which are dominated by material extrusion devices. 3D printers costing less than $1,000 made up 11.6% of the total of these bands in 2014 but will grow to 28.1% of the $1-to-$2,500 range by 2018. As strong uses emerge within both the consumer and enterprise segments, Gartner expects the significant price band growth rate differences will fade as more organizations employ low-end and mid range printers for testing and experimenting.
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