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Top 3D printer vendor expects booming Chinese market
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Chinese 3D printer market will continue rapid growth within next five years thanks to technology upgrade, government involvement and growing popularity of entry-level products, Stratasys Ltd, the world’s biggest 3D printer vendor, said today.
Stratasys, which launched a new color multi-material 3D printer in Shanghai, expected global revenue to hit US$470 to US$490 million in 2014 with a 20 percent growth year on year. Among all regions, China is “absolutely the fastest growing regions worldwide,” said Jonathan Jaglom, general manager of Stratasys Asia Pacific and Japan.
The 3D printers are widely used in industries like automotive, consumer electronics, design, education and aerospace. China has regarded development of the 3D printing industry as a national strategy to transform business model in a more innovation-driven way.
The premier new 3D printer allows users to print out colorful products directly with various materials for the first time. It costs about 3 million yuan (US$496,000)
But entry-level 3D printers, which cost between 20,000 and 30,000 yuan, will soon become popular in China, the company said.
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