AMR Software
AMR Data Centers

3D Printing Industry Grows 9% YoY in Q3 2024, Despite Hardware Sales Slowdown

Share this Article

According to its most recent “3DP/AM Market Insights: Q3 2024” report, Additive Manufacturing Research (AM Research) estimates that the third quarter of 2024 saw the 3D printing market reach $3.47 billion, marking a 9% increase year over year. This growth occurred despite a continuous slowdown in hardware sales.

The quarterly update, which tracks data across various sectors including vendor performance, print technologies, geographies, and applications, highlighted a marginal sequential rise from $3.45 billion in Q2 2024. This indicates resilience in the additive manufacturing (AM) sector, primarily driven by an uptick in AM services, which saw a robust 14% growth from the previous year.

The metal AM segment, including 3D printers, materials, and services, reported revenues of $1.4 billion in the quarter, experiencing a 9.5% year over year growth despite an 8% decline in printer sales. Similarly, the polymer AM market also grew by 9.5% year over year to $2.0 billion, even though printer sales remained flat.

Scott Dunham, Executive Vice President of AM Research, provided insights into the market dynamics, stating, “The financial backdrop has hurt hardware investment, but adoption also continues to be impacted by the complexity of AM design, validation, and qualifications. Certain service providers should stand to benefit in the short to medium term. What hardware sales growth the market may achieve in the next two years, may therefore shift more to service providers.”

The report also discusses significant movements within the industry, including Nano Dimension’s pending acquisitions of Desktop Metal and Markforged, which could disrupt the metal binder jetting markets. This situation may create opportunities for companies like HP and Colibrium to increase their market share.

Additionally, AM Research noted a trend away from integrated print services, with companies like Carpenter Additive, Sandvik, and 3D Systems making strategic changes to adapt to the evolving market landscape. Other firms discussed in the report include: Stratasys, Velo3D, Nikon SLM Solutions, EOS, Trumpf, Farsoon, BLT, HBD, Eplus, Optomec, BeAM, Formlabs, Prodways, DWS, and Carbon.

AM Research offers comprehensive “Core Metals” and “Core Polymers” market data products, encompassing almost ten years of historical quarterly data along with forecasts extending over the next decade. These reports on the metal and polymer AM markets can be purchased either as one-time reports or on a subscription basis through AM Research’s website, and can be tailored to meet specific requirements. The latest “3DP/AM Market Insights: Q3 2024” report is available here.



Share this Article


Recent News

Nano Dimension Evaluates Desktop Metal Post-Takeover, Completes Acquisition of Markforged

Luxury Residential Resort Community in Texas to Feature 5 ICON 3D Printed Homes



Categories

3D Design

3D Printed Art

3D Printed Food

3D Printed Guns


You May Also Like

New Business: Temporary, Migratory, & Modular 3D Printed Architecture

If we look at potentially emerging 3D printing businesses, then architecture has not been fully explored. Yes, there is a lot of house 3D printing going on worldwide. From deployable...

3D Printing News Briefs, April 19, 2025: Material Extrusion Standard, Metal Powder, & More

In today’s 3D Printing News Briefs, we’re covering a proposed standard for material extrusion, before moving on to business and metal powder. We’ll end with a commercial store’s robotic 3D...

Japan Unveils World’s First 3D Printed Train Station

Japan is now home to what we believe is the world’s first train station built with 3D printing technology. Located in Arida City, just south of Osaka, the new Hatsushima...

restor3d Raises $38M to Expand 3D Printed Orthopedic Implants

Backed by $38 million in new funding, restor3d is pushing ahead with the launch of four personalized implant lines, set to roll out in 2025 and 2026. This latest venture...