XYZprinting eyes China market

9 Apr

XYZprinting Inc., the three-dimensional (3D) printing division of Taiwanese electronics conglomerate New Kinpo Group, said Wednesday that China will become one of its top markets next year as it looks to make inroads in the Chinese education sector, Taiwan’s Central News Agency (CNA) reported.

In 2014, XYZprinting shipped about 30,000 3D printers and expects to ship 100,000 to 120,000 units this year, with the United States comprising 50 percent of its market, said chief executive officer Simon Shen, speaking at a media briefing for the Taiwan launch of its da Vinci Jr. 1.0 3D printer.

By 2016, XYZprinting’s shipments to China “may equal those to the U.S.,” Shen said, pointing out that the Chinese government has a policy that calls for the installation of a 3D printer in all 400,000 of China’s elementary schools over the next two years. To take advantage of that policy, the company has already begun selling its printers to several Chinese elementary schools, Shen added.

Gary Shu, senior manager of XYZprinting’s market development division, said the company’s monthly shipments reached a high of 5,000 to 6,000 units in November 2014 on the back of promotional events in the U.S.

XYZprinting is expanding into a number of new markets, including South Korea, Iran and Turkey, where ships about 200 printers per month, respectively, Shu added.

Research firm Gartner Inc. predicts that global 3D-printer shipments will reach 217,000 units in 2015, up from 108,000 units in 2014.

Gartner also forecasts that 3D-printer shipments will more than double every year between 2015 and 2018, at which point global shipments will surpass 2.3 million units.

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