The compound annual growth rate of additive manufacturing increased to two times its share since 2007 to reach $1.7 billion in sales of 3D printing products for part production. That’s according to a report published by consulting firm Wohlers Associates. The firm estimates that by 2019, part making will comprise 80 percent of the part manufacturing industry’s $6.9 billion in revenue.
Will an increase in additive manufacturing bring more manufacturing, and jobs, home to the U.S.? Yes, and not on a large scale expected in the manufacturing sector. Parts and products made from additive manufacturing processes are less expensive to produce, and therefore make products more cost competitive with comparable parts made in factories in Asia or other parts of the world. For U.S. consumption, the parts are also produced on U.S. soil, and therefore don’t have to be shipped from overseas for delivery.