3D Print Market To Be 357% Larger Than We Thought by 2016: CREDIT SUISSE

[RedSox2013]

It really seems like the hits keep coming in the 3D Printing Industry. After an Exciting Consumer Electronics Show in the beginning of the month, we just got a pretty exciting new forecast from Credit Suisse, the Switzerland based financial services company.

Today they stated that they believe that they have been underestimating the 3D printing market, and how fast it will grow over the next two to three years by a substantial margin. They believe that instead of the market being worth $175 million by 2016, they were off by 357% and now believe it to be worth $800 million by 2016. That's an incredibly big different to be off by. They say that they had underestimated the growth trends within the consumer based printer industry. They feel Makerbot will lead in that segment, and thus has raised their forecasts for Stratasys (ssys) stock.

"We think eventually there could be near ~100% penetration amongst engineers as it becomes a common element of the engineer's toolkit...The number of registered architects in the US [now stands at 222,500]. We think this represents another potential growth driver, although we acknowledge the computer design proficiency amongst architects is likely lower than among recent engineering graduates...We think children under 18 will be a primary driver of adoption; they are more likely to have heightened computer proficiency, and technological awareness is high in this age group," said Jonathan Shaffer, lead researcher of Credit Suisse.