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China to Overtake U.S. 3D Printer Shipments in 2016
January 7, 2016 | IDCEstimated reading time: 2 minutes
According to IDC, 3D printer shipments in the China market passed 34,000 units in 2014, and is expected to reach 77,000 units in 2015, exhibiting a growth rate over 120%. This growth rate is largely driven by sales of desktop 3D printers priced under US$5,000. As the Chinese Government continue to promote 3D printer awareness and usage within schools and educational institutions, the desktop 3D printer market is expected to maintain an annual growth trend in the coming years.
“China's local 3D printer market will surpass the U.S. market in 2016 with an annual growth rate over 100%. However, the U.S. is expected to retain its position as the market leader in terms of market revenue, due to the greater proportion of high-end printers adopted by the manufacturing sector”, says Wendy Mok, Research Manager for IDPS at IDC China.
“To capitalize on this growth, 3D printer vendors will have to discover and meet the demands of corporate users and the trend of industrial transformation in China. Vendors should aim to provide comprehensive solutions in different market segments in order to increase their competitiveness”, adds Ms. Mok.
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