AM Research (formerly SmarTech Analysis): Metal 3D Printing Market Study Reaffirms Long Term Industry Outlook, Sees Growth to $5.4B in 2023 Despite Challenging Economic Environment
NEW YORK, NY – The 7th edition of Additive Manufacturing Research’s “Metal AM Markets: 2023” analyzes global markets for the challenges and opportunities facing metal additive manufacturing (AM) stakeholders. From the $5.4B topline 2023 market size, the report sees $3.2B for contract services, $1.3B for hardware, and $920M for materials. The report anticipates that a contraction in hardware investments may be partially offset by growth in opportunities for materials and contract services. The metal 3D printing market is expected to achieve significantly more growth in 2023 compared to the total AM market (which would include polymers and other materials). Growth is expected to be powered by the actual use of metal AM processes rather than by R&D.
For more information on the report, go to: https://www.smartechanalysis.com/reports/metal-additive-manufacturing-markets-2023/
About the Report
Drawing upon dedicated market research and data tracking since 2014, AM Research’s Metal AM Markets: 2023 report features a detailed exploration of current market trends and a focus on the post-pandemic dynamics of the market. The report also provides a long-term outlook for metal additive manufacturing markets, including a robust market tracking and forecasting data file with coverage of hardware, materials, print services, and metal AM part production metrics, split by vendor, geography, technology type, and applications. Forecasts are provided out to 2032.
Companies profiled and considered in this report include: EOS, GE Additive, Velo3D, SLM Solutions, Trumpf, Farsoon, Renishaw, 3D Systems, EPlus3D, AddUp, Additive Industries, BLT, 6K Additive, IperionX, Carpenter, and many more.
From the Report
- Metal AM Markets: 2023 data and forecasts show steady 3DP/AM growth, but not accelerating The report explores two specific scenarios which could fuel such market momentum: Defense Spending and Industry Consolidation.
- In H1 2023, AM powder markets grew at 33% year over, with hardware at 23% but and services 11%. AMR does not anticipate hardware to maintain its pace in H2 2023.
- All major metal AM technologies (Powder Bed Fusion, Directed Energy Deposition, Metal Binder Jetting and Bound Metal) are expected to grow in 2023 at rates from 18% to 24%.
