The past few years have seen an explosion of growth in the 3D printer market, which has been transformed from a purely techie realm into a genuinely mainstream industry that affects nearly every other industry in one way or another. Moving from non-existence to almost universal relevance is an impressive development.
But that doesn’t automatically translate into consistent, incremental success for companies selling 3D printers and accessories. A Fortune article released last week indicated some tough sledding ahead for Stratasys and 3D Systems due to slowing revenue this past quarter. Generally speaking, this reflects the ups and downs of promoting new technology to the average consumer, as well as increased competition from other companies that recognize there is money to be made in 3D printing.
None of this detracts, however, from the overall momentum that 3D printing has developed. The industry expectation is that a half million 3D printers will be manufactured, sold, and shipped in 2016, with distribution more than doubling every year through the rest of the decade. General consumers, as well as enterprise customers, fuel demand, as both individuals and businesses reap the rewards afforded by the additive manufacturing process.
With the holidays fast approaching, whether you’re new to 3D printing or a seasoned pro, you may want to do some shopping in support of this fascinating industry. Here at SIO, we love technology, and we love showing our customers how tech savvy solutions can benefit their bottom lines. If you are interested on how SIO can help you work smarter, please let us know—we’d love to help!