Chinas 3D printing industry set for rapid expansion
--FILE--A 3D printer makes a miniature chair during the 1st China (Shanghai) International Technology Fair in Shanghai, China, 8 May 2013. China is likely to surpass the United States and lead the global 3D printing market within three years, said Luo Jun, CEO of the Asian Manufacturing Association (AMA). The countrys output value for 3D printing is likely to increase to 10 billion yuan ($1.63 billion) in three years and the annual growth rate will double as long as more and more traditional manufacturers in the aerospace, automotive and biomedical industries move toward such technology, said Luo. A report by a leading US 3D printing consulting firm, Wohlers Associates Inc, indicated that in 2012, 3D printing machines sold in the US accounted for 40 percent of total sales around the world while 8.5 percent were contributed by the Chinese market. The gap between t
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