Last updateFri, 23 Apr 2021 5pm

Manufacturing Robots to Hit $18.6B in Market Value in 2021, a 40% Increase in Three Years

Robotics play a huge role in the manufacturing landscape today. A growing number of businesses use manufacturing robots to automate repetitive tasks, reduce errors, and enable their employees to focus on innovation and efficiency, causing the entire sector's impressive growth.

FuturePrint Announces Publication of The Vision Report, an In-Depth Look at Print in the Pandemic

FuturePrint has announced the launch of the Vision Report 2021, which has drawn on the experiences, opinions, and predictions of the growing roster of FuturePrint partner businesses. The report includes reflections on 2020, a 2021 ‘Trend Watch’, print sector spotlights, and partner insights into leadership and adaptability.

Covid-19 shock heralds a decade of digitisation and disruption for global print industry latest Smithers market data reveals

Worth a total of $743.4 billion in 2020, the global print industry will see this as a liminal year that will redefine its future across the 2020s. The coronavirus crisis will act to accelerate trends already evident in the market – a diminishing importance of publications and graphics work pushing print businesses towards packaging print, and the implementation of smarter, more digitised, short-run printing.

Thermal print segment poised to rebound from 6.2% Covid drop latest Smithers analysis shows

The global demand for thermal print equipment and consumables (direct thermal, thermal transfer, and dye diffusion thermal transfer) will reach $34.11 billion in 2020 according to the projection in the latest dedicated Smithers study – The Future of Thermal Printing to 2025.

Global 3D Printing Industry Revenue to Surge 155% and Hit $40.8bn Value by 2024

Global 3D Printing Industry Revenue to Surge 155% and Hit $40.8bn Value by 2024

Constantly evolving value chains, market innovations, and cutting-edge technology developments are pushing 3D printing into the mainstream market. This type of production has surged in recent years and a growing number of businesses use 3D printing solutions, allowing them speed and flexibility while reducing costs.

The global 3D printing industry revenue is expected to continue its surge 155% hitting $40.8bn in value by 2024, according to data gathered by LearnBonds.

Prototype and Proof of Concept Main Reasons for Using 3D Printers

3D printing enables the production of complex shapes using less material than traditional manufacturing methods, which is why it is widely used for small production runs, prototyping, small business, and educational use.

In 2020, the global 3D printing industry is expected to be worth $16bn, revealed Wohlers Associates Annual Report on the State of 3D Printing. In the next two years, the market revenue is forecast to touch $25.5bn. Statistics indicate the strong upward trend is set to continue in the following years, with the market revenue growing by a compound annual growth rate of 26.4% between 2020 and 2024.

The State of 3D Printing Report by Sculpteo also revealed that in 2020, the most popular use case of 3D printing was prototyping among 68% of those asked, a 34% rise compared to 2017 figures. Another 59% of companies and businesses used the technology for proof of concept purposes, 36% more than three years ago.

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