Global shipments of sub-$5,000 personal 3D printers rose by 24% in Q1 2015, resulting in a 114% year-on-year increase.
The 3D printer market more than doubled in size in the first quarter of 2015, according to a new report from London-based firm Context. Unit shipments of personal/desktop 3D printers priced under $5,000 mushroomed 114% year-over-year in the first three months of 2015 as more brands entered the fray and global channels for the technology expanded. As for a quarter-on-quarter comparison, shipments jumped 24%.
However, the industry remains heavily skewed towards the U.S. with 63% of global shipments going into North America during the quarter, Context’s data shows. Western Europe, the next largest region, was less than a third of the size with just 20% share.
Whereas the market’s three largest players, XYZPrinting, 3D Systems and Ultimaker, all experienced good YoY gains in Q1, Context reveals that another one of the market’s stalwarts, Stratasys, struggled. Nevertheless, the report shares that the industry was bolstered by the emergence of startup M3D, whose sub-$300 machine garnered more than $3.4 million on Kickstarter last year.
“The nascent area of desktop 3D printing continues its upward momentum and continues to see entrants across a wide spectrum of industries, with offerings from legacy additive manufacturing stalwarts to industry start-ups, to mature IT, manufacturing and tool companies all entering the space,” explained Chris Connery, Context VP Global Analysis and Research. “As many of these companies begin to outgrow their startup efforts, expanding their distribution networks around the globe is a necessary next step towards expanding market presence.”
Interested? You can find more information around the report here.