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Industrial 3D Printer Market Growing 27% in 2017, Says The Information Network

Published: Dec 04,2017

Industrial 3D printers are slated to grow 27% in 2017, lifted by sales by Hewlett-Packard, according to the Information Network, a New Tripoli-based market research company.

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3D printers are segmented in this report as Industrial and Consumer. The Industrial segment is characterized by high prices, low sales volume, and increasing average selling prices (ASPs). In contrast, the Consumer segment is characterized by low prices, high sales volume, and decreasing ASPs.

“For 2017, revenues for Industrial 3D printers will grow 27%, compared to only 20% for Consumer 3D printers,” noted Dr. Robert Castellano, President of The Information Network. “The stronger growth is a combination of revenue from HP and GE Additive, which acquired Arcam and Concept Laser, and increases in ASPs, geared to grow 17% as high-priced metal printers gain traction.”

GE Additive and Hewlett-Packard had combined revenues of nearly $50 million in Q2 2017, while industry leaders Stratasys and 3D Systems continue to underperform the segment.

Consumer 3D printers continue to grow as unit shipments are slated to increase 32% in 2017, but ASPs will dip below $1,000. The Consumer segment is led by XYZprinting (San Diego, CA), number one in unit shipments and Ultimaker (Geldermalsen, Netherlands), number one in revenues.

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