The market size of global 3D Printing has reached USD 4 billion in 2013 with a YoY growth of 40%. In 2014, the figure is close to USD 7.8 billion. After 2010, with matured core patents and popularization of open source model, the global 3D printing market witnessed a dramatic sales revenue rise with a CAGR of 32% from 2010 to 2013.
According to China 3D Printing Technology Indusry Alliance, the market size of China’s 3D printing is about RMB 3.7 billion, and in 2016, the figure is expected to be RMB 10 billion.
Currently China owns 8.7% of total 3D printers worldwide and ranks 3rd in the numbers of 3D printing patents. Some domestic enterprises have achieved a certain degree of industrialization, parts of portable desktop 3D printers have entered the European and American market. The R&D OF these enterprises mainly rely on colleges and universities.
Tiretime is a leading 3D printing enterprise in China. The company’s desktop-level UP! series 3D printers is one of the three leading global brands. In October 2006, Tiretime exported the company’s first industrial 3D printer and currently overseas market accounts for 70% of the company’s total revenue.