3D Printing Market Set for Biggest Q4 in History, Says SmarTech Analysis

Formnext Germany

Share this Article

According to the latest quarterly data report from SmarTech Analysis, the 3D printing industry’s third quarter of 2021 is continuing a trend of “robust recovery”. Metals expanded by about 18 percent compared to 2020, while polymers grew by 12 percent. All combined—including additive hardware, materials and services—the sector grew by 15 percent over the course of nine months compared to the first three quarters of 2020. Revenues over the same period grew about two percent versus pre-pandemic levels. This has led the additive manufacturing (AM) sector’s leading market research firm to anticipate Q4 of 2021 leading to the industry’s biggest calendar year in terms of revenues.

This information is available in SmarTech’s newest quarterly report on the metal and polymer AM markets, which is available as a one-time purchase for non-subscribers at the SmarTech website. The firm has been tracking critical market metrics regularly since 2017, establishing the most insightful database for 3D printing. Subscribers are able to access this information on a quarterly basis so they can track trends and segment performance.

The report describes in detail how larger trends in the global economy are propelling the 3D printing market forward for 2022. This comes despite the fact that supply shortages, inflation, and energy-related issues in China have resulted in a number of uncertainties globally, driving businesses to remain cautious. It is in fact due to supply change challenges that there is an opportunity for manufacturers to rely on additive and other solutions. Because industrial suppliers and contract manufacturers, such as Ipsen, Acerinox Group, Oerlikon, Trumpf and others, had very positive results for H1 2021, SmarTech anticipates renewed corporate spending toward innovation and manufacturing throughout a number of verticals in 2022.

The rebound in metal 3D printing continues, as the sector expanded from Q2 and from 2021 numbers. SmarTech noted that only three businesses in this segment did not grow from last quarter and all but three others achieved year-on-year growth compared to last year.

Two key acquisitions in Q3 shook up the polymer 3D printing space: Desktop Metal’s purchase of Aerosint and Essentium’s purchase of Collider. SmarTech suggests that this reflects a greater desire to have diversified offerings in the polymer AM market, as they can “cast a relatively broad net in order to capture as much of the enormous potential upside of AM opportunities as possible.”

Of course, most market analyses are going to generally anticipate greater growth forever. All businesses have fiduciary duties to their investors to keep generating profit, which entails expansion. In this case, it’s hard not to agree with SmarTech’s predictions, given the immense excitement in the industry right now. The slew of SPACs, mergers, acquisitions, private investments have provided plenty of investment capital for these companies to keep growing. It’s possible that the AM industry will deflate once more in the near future, but for at least the next year or so, we should be good.

To learn more about SmarTech’s quarterly data services or to purchase a single report, visit the SmarTech Analysis website here.

Share this Article

Recent News

3D Printing Webinar and Event Roundup: October 1, 2023

3D Printing News Briefs, September 30, 2023: Drone Customization, 3D Printed Bandage, & More


3D Design

3D Printed Art

3D Printed Food

3D Printed Guns

You May Also Like

Defense Official: Pentagon is “Turning a Corner” in 3D Printing

Just after the Pentagon made announcements of $270 million in new spending for US advanced manufacturing efforts in a span of less than ten days, Keith DeVries, the deputy director...

Custom 3D Printed Radiotherapy Solutions to Be Distributed in the US & Canada

3D Systems, the Rock Hill, South Carolina-based additive manufacturing (AM) pioneer, announced that the company has partnered with Klarity, a leading supplier of radiotherapy solutions, to distribute 3D Systems’ VSP...

3D Printed Clay Made Stronger with Fungus in New Research

The Institute of Architecture and Media at Graz University of Technology has recently released an intriguing paper titled “MyCera: Application of Mycelial Growth Within Digitally Manufactured Clay Structures.” The research...

3D Printing News Unpeeled: BLT, M Holland & Tecnológico de Monterrey

BLT has announced its half year results for 2023 with $2.44 million in profit for the first half year up from a $5.34 million loss last year for the same period....