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 business demonstrated resilience, with development in additive manufacturing (AM) providers offsetting a slowdown in {hardware} gross sales.
Additive Manufacturing Analysis (AM Analysis) has revealed its Q2 2024 3D printing information and forecast, together with its complete Market Insights report. This quarterly publication presents probably the most thorough and correct information obtainable worldwide, monitoring markets by vendor, print know-how, geography, and utility.
In steel {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 Car Analysis, maintain a WAAM steel half made utilizing MX3D know-how.
Valued at $1.4 billion in Q2 2024, the steel 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 phase 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} facet amidst elevated rates of interest. This has endured lengthy sufficient now that it has began to influence the sale of AM supplies, even whereas utilization of put in AM gear is greater than ever. There are nonetheless constructive outcomes and optimistic sentiments outdoors of the seen public markets from the likes of EOS, DMG Mori, Nikon SLM Options, and a few Chinese language suppliers resembling Farsoon and BLT,” stated Scott Dunham, Government Vice President at AM Analysis.
Regardless of present challenges, AM Analysis sees a path to reaching 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 important developments within the business. The dental sector, the biggest marketplace for polymer 3D printing, achieved a historic milestone in Q2 2024. Align Applied sciences, the business’s largest buyer, started a big 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 steel {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 contains information from a variety of business leaders, together with 3D Programs, Stratasys, Markforged, Desktop Steel, 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 information merchandise provide almost a decade of historic quarterly information and supply 10-year ahead forecasts. The stories can be found for one-time buy or through subscription and could be custom-made 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 information. It’s also obtainable as a standalone product or by a subscription.
For extra info on these stories and different specialty market analyses, go to the AM Analysis web site.
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