A new report suggests that the global 3D printing market could reach US$51 billion in 2030, driven mainly by growth in production parts.

The report from Lux Research suggests that the value of 3D-printed parts will rise at a 15% compound annual growth rate (CAGR) over the next decade, from US$12 billion in 2020 to US$51 billion in 2030.

‘The largest share of this growth will be in end-use parts, which are just 23% of the market today but will reach 38% share in 2030, said Anthony Schiavo, research director. ‘The medical and dental industries will account for the largest share of end-use parts, reaching US$4.5 billion in 2030, followed by aerospace at US$3.9 billion.’

This story uses material from Lux, with editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.