The desktop 3D printer market has grown by over a billion dollars for the second consecutive year, according to the 21st edition of the Wohlers Report.
From 2014 to 2015, the sale of desktop printers that have a price tag below $5,000 grew almost 70 percent, from just over 160,000 to over 278,000.
The industrial -- or $5,000+ printer market -- is also growing, with 62 manufacturers now in the market space, compared to, compared to only 49 in 2014.
The report also shows that the compound annual growth rate (CAGR) of the 3D printing industry (also known as "additive manufacturing") is buoyant.
"The additive manufacturing (AM) industry, consisting of all AM products and services worldwide, grew 25.9 percent (CAGR) to $5.165 billion in 2015. The CAGR for the previous three years was 33.8 percent. Over the past 27 years, the CAGR for the industry is an impressive 26.2 percent."
The Wohler's Report is the result of an annual study that includes data on 51 industrial system manufacturers, 98 service providers, 15 third-party material producers and numerous manufacturers of low-cost desktop 3D printers. The principal authors of the report are Tim Caffrey, Ian Campbell, and Terry Wohlers.