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3D printing predicted to reach $16.2 billion in 2018

The 3D printing market is still in its infancy, but will blossom from a $2.5 billion industry up to $16.2 billion by 2018, researchers predict.

Published Sat, Apr 26 2014 3:25 PM CDT   |   Updated Sat, Aug 8 2020 10:29 AM CDT

The 3D printer market topped $2.5 billion worldwide in 2013, and analysts believe that number will balloon drastically, reaching $16.2 billion by 2018, according to research from Canalys. 3D printing technology became more prominent over the past year or two, but the printers and materials are still relatively expensive.

3D printing predicted to reach $16.2 billion in 2018 | TweakTown.com

Early adopters praised 3D printing, but critics mentioned high cost and impractical functionality as reasons not to support the technology. However, 3D printing is still in its infancy and will mature quickly as the industry continues to evolve at a rapid pace:

"This is a market with enormous growth potential now that the main barriers to uptake are being addressed," said Tim Shepherd, Canalys senior analyst, in an interview with SiliconValley.com. "As it matures, there is clear and substantial potential across numerous sectors, such as engineering and architecture, aerospace and defense, and medical (particularly in the fabrication of custom prosthetics), for 3D printing to have a dramatic impact within five years."

An experienced tech journalist and marketing specialist, Michael joins TweakTown looking to cover everything from consumer electronics to enterprise cloud technology. A former Staff Writer at DailyTech, Michael is now the West Coast News Editor and will contribute news stories on a daily basis. In addition to contributing here, Michael also runs his own tech blog, AlamedaTech.com, while he looks to remain busy in the tech world.

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