3D printer industry hard hit by COVID-19 - Context
Channel analyst says a strong rebound in China’s domestic economy was not enough to overcome a difficult year
The impact of COVID-19 on the global 3D printing industry in 2020 varied considerably, with new demand seen in some regions and sectors while business was significantly down in others, according to Context. The market analyst said new industrial printers accounted for more than half (52 per cent) of revenues from sales of systems, but with many key end-markets in the West delaying major capital expenditure until after the pandemic, revenue from this sector dropped by 21 per cent compared to 2019...
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