AMS Spring 2023

SmarTech Publishing Releases Year-End Additive Manufacturing Market Review

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Leading industry analysis firm SmarTech Publishing, which specializes in additive manufacturing markets, has published its year-end additive manufacturing market review in a report called 2019 Additive Manufacturing Market Outlook and Summary of Opportunities. The report offers a summary and forecast of the total additive manufacturing industry for 2018 through 2027. For the first time, the report is packaged with an encompassing database of key market sizing and forecasting data, tracking the entire additive manufacturing value chain including hardware, software, materials and part production services through 2018 while offering insight into the future as well.

The analysis in the report provides segmented market data and insights for both the polymer and metal additive manufacturing segments, highlighting the most influential activities across key additive manufacturing industries such as aerospace, healthcare, automotive, and service bureaus, as well as emerging areas like consumer goods, energy and industrial.

The report has been designed to be a resource for companies that want to track progress in additive manufacturing across the value chain, and that also want in-depth market data to quantify growth and key metrics in the industry such as, for example, hardware installations by print technology and market, material shipments by material type, or value of outsourced part production by industry. An accompanying database includes several data tables offering market-wide data that summarize the key drivers and trends in the industry and advise on expectations for 2019 and beyond.

An example of what you can read in the report includes the observation that the additive manufacturing market has regained the element of balanced growth. All segments appear to now be growing and progressing in similar fashion, with shared goals and solutions across segments. For example, companies such as 3D Systems and Stratasys are seeing more consistently positive growth results despite a much more complex competitive landscape. The successes of these two companies helped to contribute to the polymer additive manufacturing segment growing to an estimated nearly $5.5 billion.

The report also details the two driving trends on which market success has been predicted in 2018. The first is the effect of a rapid strategic importance placed on additive manufacturing by large multinational corporations, from global chemical and materials communities to developers of traditional machine tools and industrial lasers. The second is the continued effort of the industry to focus strategies on applications, particularly ones that provide complimentary rather than competitive growth with existing manufacturing processes and machine tools.

The most influential market engagements and moves discussed in the study include:

  • HP’s use of its own technology to 3D print large quantities of parts for its own printers
  • Velo3D’s introduction of its proprietary laser powder bed fusion technology
  • The release of the Arcam Spectra-H high temperature electron beam melting system
  • Carbon’s production-friendly material pricing strategy

The new SmarTech report is available now here. For more details on this report contact Rob Nolan at rob@smartechpublishing.com.

3DPrint.com is an equity holder of SmarTech Publishing.

Discuss this and other 3D printing topics at 3DPrintBoard.com or share your thoughts below.

 

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