The worldwide 3D printing market continued its upward trajectory within the second quarter of 2024, totaling $3.45 billion—a year-over-year improve of 8.4%. Regardless of a slight sequential decline from $3.47 billion in Q1 2024, the trade demonstrated resilience, with development in additive manufacturing (AM) providers offsetting a slowdown in {hardware} gross sales.
Additive Manufacturing Analysis (AM Analysis) has printed its Q2 2024 3D printing knowledge and forecast, together with its complete Market Insights report. This quarterly publication presents probably the most thorough and correct knowledge accessible worldwide, monitoring markets by vendor, print know-how, geography, and utility.
In metallic {hardware}, directed vitality deposition (DED) emerged as the one know-how to witness year-over-year development in Q2 2024, in response to AM Analysis. On this picture, Jens Ertel, Head of BMW Additive Manufacturing and Karol Virsik, Head of BMW Group Automobile Analysis, maintain a WAAM metallic half made utilizing MX3D know-how.
Valued at $1.4 billion in Q2 2024, the metallic AM sector skilled a ten.0% year-over-year development, even with a 2.2% decline in printer gross sales. Equally, the polymer AM market reached $2.05 billion, rising by 7.4% year-over-year regardless of a 0.5% lower in printer gross sales. The AM providers section additionally confirmed strong efficiency, totaling $1.87 billion and reflecting a 12% year-over-year development.
“Most publicly traded AM firms have struggled since early 2023, particularly on the {hardware} aspect amidst elevated rates of interest. This has persevered lengthy sufficient now that it has began to influence the sale of AM supplies, even whereas utilization of put in AM tools is larger than ever. There are nonetheless optimistic outcomes and optimistic sentiments exterior of the seen public markets from the likes of EOS, DMG Mori, Nikon SLM Options, and a few Chinese language suppliers comparable to Farsoon and BLT,” mentioned Scott Dunham, Government Vice President at AM Analysis.
Regardless of present challenges, AM Analysis sees a path to attaining 30% market development in printer gross sales by 2025, pushed by anticipated decreases in rates of interest and a rebound from this 12 months’s depressed ranges. The report highlights a number of vital developments within the trade. The dental sector, the biggest marketplace for polymer 3D printing, achieved a historic milestone in Q2 2024. Align Applied sciences, the trade’s largest buyer, started a major transition from oblique to direct manufacturing of its flagship product—the clear dental aligner. This shift marks a significant development within the utility of 3D printing know-how inside dentistry.
In metallic {hardware}, directed vitality deposition (DED) emerged as the one know-how to witness year-over-year development in Q2 2024. This uptick was pushed by elevated traction from wire-based DED and the expanded use of powder DED for coating parts like brake rotors. These developments underscore the flexibility and rising adoption of DED know-how in industrial functions.
The Market Insights report consists of knowledge from a variety of trade leaders, together with 3D Programs, Stratasys, Markforged, Desktop Metallic, Velo3D, Nikon SLM Options, EOS, GE Additive, TRUMPF, Farsoon, BLT, HBD, Eplus, Optomec, BeAM, HP, Formlabs, Prodways, DWS, and Carbon.
AM Analysis’s “Core Metals” and “Core Polymers” market knowledge merchandise provide practically a decade of historic quarterly knowledge and supply 10-year ahead forecasts. The studies can be found for one-time buy or by way of subscription and will be personalized to fulfill particular wants. The “3DP/AM Market Insights: Q2 2024” report combines in-depth evaluation with proprietary charts and graphs, offering context to the core market knowledge. It is usually accessible as a standalone product or by way of a subscription.
For extra data on these studies and different specialty market analyses, go to the AM Analysis web site.
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