As head of global analysis and research at CONTEXT I probably spend more time than I’d like in front of a computer screen. But as any analyst will tell you, staring at online spreadsheets is only part of the job. To really understand the industry you need to meet the key players that work in it. Trade shows are a major part of this so it was great to get out recently to two of the biggest around: The International Manufacturing Technology Show (IMTS) in Chicago and TCT in the UK.
I gained some invaluable insight into the industrial and personal IT space, meeting key executives at some of the biggest names in the business, engaging with prospective customers and presenting to attendees.
3DP on the rise
IMTS is a six-day event only held once every two years, so you know it’s going to be big. This year around 115,000 attendees came to Chicago from all over the globe and the focus for many was on 3D printing (3DP) and additive manufacturing (AM). In fact, AM now has its own dedicated front-and-centre section at the show, highlighting the major $5 billion contribution it makes to the total global manufacturing tech market of around $12 billion.
General Electric’s acquisition of the number two and four metal 3D printer makers – SLM Solutions and Arcam AB – for $1.4bn last month continues to validate this market. As did the firm’s joint $81m investment with several other players in plastics 3D printer business Carbon3D. Much of the show focused on where AM goes next – ie whether AM for plastics, which makes up 90% of unit volume and two thirds of global revenues, can move from being used principally for prototyping to short/mid-run manufacturing. We also heard about the role of 3DP and AM in Industry 4.0, which will certainly be one to watch for the future.
The number two 3DP market player, 3D Systems hosted a full day conference at the show where new president and CEO, VJ Joshi introduced an almost entirely new management team to analysts, press and partners. Apart from discovering that he’s brought many of them with him from HP, where he ran the imaging business for two decades, we learned that Joshi has no interest in the 3DP desktop/personal market, which he sees as a distraction.
Meeting and greeting
I’m glad to say the show was a great success in terms of helping to promote what we do at CONTEXT. At the EOS event at IMTS I joined a one-hour Q&A panel on AM, fielding a healthy number of questions and following up with a bunch of interested attendees informally afterwards. I also had meetings with some of the hottest companies around in the space, including HP, Carbon3D, Concept Laser – number two in metals – EnvisionTEC and others.
There was more of the same at TCT in Birmingham, UK. The show focuses on the personal/desktop as well as the industrial/professional market, so there was time to take in showcases from the likes of Ultimaker, Zortrax, MakerBot and Polaroid. Some key takeaways include the delay of the Mattel printer, the forthcoming shipment of Mcor’s repositioned desktop paper/colour printer and new or increased presence from HP, Ricoh and others. On the industrial side, there seems to be a growing number of so-called “hybrid” machines sold by the likes of Sodick which offer AM and traditional manufacturing in one machine.
According to CONTEXT research I presented at the show, the personal/desktop market grew in 1H16 but contracted on the industrial side as management changes and new entrants continue to make an impact. Metal 3D Printing remains a bright spot in that market side along with power-based plastic printers.
CONTEXT will be hosting a 3D Printing Breakfast event at CES in Las Vegas on Thursday, 5th January 2017. To register or for more information, please contact: Theo Gibbons.