Firms advocate faster development of 3D printing in China

The 3D printing industry is still in the early stage of development in China, with executives from Wuhan Golden Laser and Guangdong Silver Age Sci & Tech advocating joint development especially in the application of the 3D printing in industrial, medical and cultural areas.

The high costs of 3D printing machines was a hot topic at the event, with many visitors surprised to know that the machines cost around 9,000 yuan (US$1,450).

Replying to the price concerns, Luo Jun, secretary general of the World 3D Printing Alliance, said that the price of a 3D printer could fall below 3,000 yuan (US$480) in the next five years, but for now it is impossible for the price to fall to the level of a normal inkjet printer.

Luo projected the global scale of the 3D printing industry to surpass US$6 billion this year, with China’s revenues reaching US$600 million. By 2016, the global scale will break above US$10 billion, with China taking US$1.5 billion, he said.

Although many related companies joined the expo, including listed companies Golden Laser and Silver Age, they currently only offer a handful of 3D printing products, which still account for a very small portion of their revenues. … (Read more)