The 3D printing market, which has grown by as much as 30% year-over-year in the past, is now set to triple in revenue over the next four years, according to a new report.

This year, the 3D printing industry, which includes machines, materials and printing services, will reach $7.3 billion. By 2020, it is expected to grow to $21 billion, the report said. The new study is called “3D Printing: The Next Revolution in Industrial Manufacturing.”

Consumer Technology Association, United Parcel Service

Published by the Consumer Technology Association (CTA) and the United Parcel Service (UPS), the report revealed that the consumer electronics and automotive industries will represent a combined 40% of the coming growth in 3D printing, followed by medical devices with 15%.

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