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Industry insights | What is the status of the 3D printing market under the 2020 epidemic?

The outbreak of the Global epidemic has seriously affected people's lives,  most of the industries have suspended supply and demand, however, the 3D printing market has developed rapidly under 2020.
 
3D printer company in the global has gradually focused on printing the urgently needed medical protective gear to fight against the virus. The face masks, face shields, face mask buckles, safety goggles, and valves can make up for the shortage of medical equipment. 3D printing technology has become a new life-saving hero. As CBS reports, various of Creality 3d printers such as Ender-5 and Ender-3 become an assistant of printing epidemic suppliers.


             
                                CBS reports the printed face shields of Ender-5 3D printer
 
Most of the countries used 3D printing technology to manufacture much-needed medical protective equipment, the epidemic has had a certain negative impact on the 3D printing market, but it also reflects the important role of the 3D printing technology in rapid manufacturing without mold, digital direct production field, which clearly demonstrated the ability of 3D printing technology in the field of rapid manufacturing without molds and digital direct production.
 
According to the CONTEXT, notes that the research and consultancy firm classifies 3D printers into 4 categories: Personal 3d printers, Professional 3d printer, Design, and Industrial 3D printer, Given the company result, in 2019, we see that shipments of personal 3D printers fell by 11% during the fourth quarter of 2019, in favor of the kits, and by 6% for the design. A very slight increase of 1% was observed for industrial solutions while professional ones increased by 16%. The report clearly shows that sales of 3D printer kit have increased: the number of kits shipped in 2019 was almost twice as high as that of plug & play DIY 3d printers, which could be justified by their very low prices.

                        

                                                        Source from CONTEXT
 
In the personal 3D printer market, people more focus on the kit 3D printer. In the CONTEXT, it notes that the Creality is the leader of 3D printing segment. Indeed, Creality 3d printer company works on building a global leading brand of consumer 3D printer, segment consumer 3D printers, and strives to be the No.1 in global sales list within 5 years.
 
Forecasts for 2020 based on available information as of March 23 show that the impacts of a disrupted supply chain and uneven human productivity on both their own ability to produce hardware and the end-markets to which they cater. that most 3D printer equipment suppliers have a negative outlook for the beginning of 2020, but the expected business will resume once the global epidemic subsides. At present, the main application markets are all negatively affected, such as dentistry, aerospace, automobile, consumer printers, orthopedics, and education.
 
The CONTEXT news shows that in the Industrial market, which accounted for 68% of global 3D printer hardware revenues 2019, shipments in the second half of 2019 were slow, even though this is usually the strongest part of the year, and the outlook for 2020 was, therefore, already challenging. Taking into account both these negative headwinds and the supply-and-demand challenges associated with global reactions to the coronavirus, this segment hopes to see a slide of only -2% in printer shipments in 2020 after its 5-year CAGR of +14% and anticipates a rolling recovery by region, starting with the East.
 
Responses to the pandemic are also demonstrating that leveraging 3D printing for local production, instead of relying on complex multinational supply chains, has the potential to help many companies mitigate future risk.
 
The economies will be back normal under the control of the pandemic. The 3D printer market has gradually become a great potential industry owing to the ability of the technology. 3D printing technology has showcased the quick-turn capabilities in every corner of the world. Responses to the pandemic are also demonstrating that leveraging 3D printing for local production, instead of relying on complex multinational supply chains, has the potential to help many companies mitigate future risk.

Source: Creality 3D