According to new data published by SmartTech Analysis, revenue for the 3D printing industry in 2021 reached $10.6 billion, which is an 18 percent year-over-year growth when compared to 2020. By the end of 2030, the industry is projected to grow by 500 percent and be worth over $50 billion. This is good news for the industry since -similar to the rest of the CE space- it struggled due to the COVID-19 pandemic in 2020.
A major key to this resurgence in 2021 was the growth of the dental and consumer goods industries, which are two of 3D printing’s most mature market segments. However; another encouraging sign for the industry was the expansion of numerous projects using metal and polymer 3D printing to manufacture appliances and electronics. “A slight COVID-related downtick in 2020 has given way to increased adoption due to technological improvements and increasing economies of scale,” said Scott Dunham, EVP of Research for SmartTech Analysis, in the company’s press release.
Retrospec, which manufactures a variety of outdoor adventure products, has just announced the release of two new electric longboards: the Tidal Rev and the Tidal Rev Plus. These longboards feature dual hub motors and four-speed modes which allow users to hit a top speed of 26mph. With a cruising distance of 15.5 miles, the Tidal Rev, which operates with a handheld control, is well equipped for sleek yet efficient everyday travel.
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