3D printing consumables market analysis
Date of release:2018-11-12 Author: Click:
3D printing consumables will emerge in many markets, predicting that the growth rate of the 3D printing market, including power tools with a market size of more than $22 billion, and the industrial manufacturing market will be more than double that of 2011. In addition, in the fields of DIY, automotive and home appliance repair, and bio-pharmaceuticals, 3D printers have also been sought after by many consumers. But in stark contrast, the total sales of 3D printers are currently less than $200 million, and there is still a long way to go before entering the home market.
3D printing has a good momentum of development, but it has not been able to compete with industrial production in a short period of time, and although it has entered a family of ordinary people, it wants to be promoted on a large scale, especially in developing countries such as China. Consumers' recognition also needs to break through several bottlenecks: raw material costs are too high; there are too many types of raw materials needed; compared with some more expensive devices, the quality of 3D desktop printers is slightly lower; the scale is not large, taking China as an example. China has a large amount of cheap labor and other cost advantages, so it is difficult to adopt higher-cost 3D technology on a large scale in a short period of time; many 3D printer manufacturers lack competitive products and cannot produce fine components.
The cost of 3D printing is higher than that of high-volume industrial production. Although consumers can print a personalized tray at home for 30 times more than a supermarket, they never choose to do so from a cost perspective. By the same token, although many people have the ability to print novels and textbooks at home, most of them choose to buy books instead of printing books because they are cheaper to buy directly through online or local bookstores. 3D printers are very useful for those who produce models, customized products or small batches.
In the low-end 3D printer market, monochrome thermoplastic extrusion technology is commonly used. This method uses a print head to extrude a small amount of high-temperature heated ABS plastic wire to form a volume model. However, this method has many drawbacks. The biggest problem is that the cost of raw materials is too high. The price of ABS plastic is still floating at between 34 US dollars and 45 US dollars per kilogram.
At the same time, additive manufacturing technology also achieved an average annual compound ratio of 29.4% in 2011, and in the 24 years since the birth of 3D printing, the industry's compound annual growth rate was 26.4%. In the next few years, additive manufacturing technology will continue to maintain high-speed growth of more than double digits per year and will achieve global sales of $3.7 billion and $6.5 billion in 2015 and 2019, respectively.