CONTEXT Report: XYZprinting Numbers Continue to Impress, Making them a Global Leader in Desktop 3D Printing
While the 3D printing industry has been steamrolling ahead long enough to see startups come and go, along with some of the titans teetering on their golden pedestals, one company has been building steady momentum in the marketplace: XYZprinting. Their continued rise has been well noted, and if you keep an eye on industry trends, you are most likely well apprised of their continued progress. We’ve been following their success for years now, obviously, but their lead in the desktop 3D printer arena has been documented by many of the respected data crunchers from JeeQ, just recently for the quarter regarding online sales (where don’t we see XYZprinting?), to 3D Hubs, where we saw the da Vinci 1.0 Pro placing in the number two spot for trending printers regarding hubs around the world.
Just to make it absolutely clear that the Taiwanese company has experienced a rise to top, where they seem to be staying—and thriving—more numbers have emerged via IT market research firm CONTEXT stating the company’s position as a global leader in desktop 3D printing. This particular report, 3D Printing Market Trends Q4 2015 and Full Year, indeed shows XYZprinting at the forefront—and not only that, in comparison to the last quarter, they’ve shown a market share increase of 31%, with a 21% overall increase for 2015 in total.
Owned by New Kinpo Group of Taiwan, XYZprinting has offices in China, Japan, the US, and Europe. Their success story is largely hinged on a strong foundation coming from New Kinpo, boasting 40 years in manufacturing with plenty of expertise to spread to their 3D printing subsidiary. Kinpo Group brings in over $30 billion in revenue each year, and employs over 8,500 engineers for R&D purposes in their many offices. This offers a lot of background strength for XYZprinting, not to mention the stellar leadership they have experienced with Simon Shen, CEO.
“At XYZprinting we are focused on innovation and evolving the 3D printing industry,” said Simon Shen, CEO of XYZprinting and New Kinpo Group. “Our success comes from delivering products that are accessible, high quality, and easy-to-use. Since January, the introduction and momentum of our comprehensive product ecosystem has only further addressed the market’s demand for a full suite of solutions for consumer, B2B, and education markets.”
We’ve certainly covered the dynamic company many times already just this year, from a very impressive showing at CES 2016 with eight new 3D printers to winning the CES Editor’s Choice Award for their low-cost and user-friendly da Vinci Mini 3D printer. From there they’ve gone on to release new design and modeling solutions, as well as the da Vinci Pro 1.0 3-in-1 featuring 3D printer, scanner and laser engraver.
They have also won the following awards:
- TWICE’s “Best Pick” award
- Digital Trends’ “Top Tech of CES” award
- Reviewed.com’s “CES Editor’s Choice” award
- PC Mag’s “Best of CES” award
- COMPUTEX Taipei 2015 “Best Choice” award
- Tech & Learning Magazine’s “Best of ISTE 2015” award
The report points out that they’ve also made enormous strides in the B2B arena, with their Nobel DLP 3D printer as a catalyst for that progress, even at a higher price—but one that rewards commercial users with advanced technology. Along with impressive hardware also come numerous educational packages like XYZ STEAM, a free platform, and also XYZMaker, targeting kids.
It’s not surprising to hear, via CONTEXT, that indeed 3D printing at the desktop has been a driving force for the industry’s growth and success, with shipping up 19% for the fourth quarter of last year and 30% for the whole year.
“This nascent side of the 3D printer market again saw great changes in 2015” noted Chris Connery, VP for Global Analysis at CONTEXT. “Companies with a long standing presence in the additive manufacturing market scaled back their expectations for this newer, desktop side of the market, retooling to concentrate more on their core B2B competences. Other brands look to capitalize on these refocused efforts, however with start-ups, toy companies, IT companies and tool companies all competing in the market from different angles, yet all looking to get a piece of the continued strong demand for these devices.”
Growth is expected to be propelled by 3D printers at even further competitive prices in the future, along with desktop consumers and B2B purchases. According to CONTEXT, they forecast ‘the total global market for 3D printing including not only printer hardware, but also materials and services to grow from $4.1B in 2015 to $16.2B by 2020.’
CONTEXT is headquartered in London. With 250 staff members around the globe, their specialty is in tracking technology sales and pricing around the world. Discuss this report further in the XYZPrinting on Top of 3D Printing forum over at 3DPB.com.
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