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Monday, March 4, 2024

Metallic 3D Printing Market Set to Develop to $5.4B in 2023, Says AM Analysis Report – 3DPrint.com

The seventh version of the “Metallic AM Markets: 2023” report from Additive Manufacturing Analysis (“AMR”, previously SmarTech Evaluation) signifies a powerful future for the metallic additive manufacturing (AM) sector regardless of financial headwinds. The research forecasts a progress to $5.4 billion in market dimension for 2023. This strong projection contains $3.2 billion for contract companies, $1.3 billion for {hardware}, and $920 million for supplies.

The report emphasizes that the anticipated market progress will primarily be pushed by precise metallic AM processes moderately than analysis and improvement. The contraction in {hardware} investments anticipated for the latter a part of 2023 will seemingly be balanced out by increasing alternatives in supplies and contract companies.

In distinction to the general AM market—which additionally consists of polymers and different supplies—metallic 3D printing is anticipated to witness considerably increased progress charges. This pattern is rooted within the rising utilization of metallic additive manufacturing applied sciences in numerous sectors akin to aerospace, automotive, and healthcare.

Whereas the primary half of 2023 noticed a 33% year-over-year progress in AM powder markets, {hardware} grew at 23%, and companies at 11%. AM Analysis doesn’t anticipate {hardware} to keep up its progress price within the second half of 2023.

All main applied sciences, together with powder mattress fusion, directed power deposition, metallic binder jetting, and certain metallic, are anticipated to expertise progress in 2023. The expansion charges vary from 18% to 24%, indicating a powerful choice for metallic AM applied sciences throughout numerous functions.

The report identifies two particular situations that might additional gasoline market momentum: protection spending and trade consolidation. Moreover, AM Analysis presents a long-term outlook stretching to 2032, reinforcing the sector’s promising prospects.

AM Analysis has profiled and thought of firms akin to EOS, GE Additive, Velo3D, SLM Options, Trumpf, Farsoon, Renishaw, 3D Techniques, EPlus3D, AddUp, Additive Industries, BLT, 6K Additive, IperionX, and Carpenter amongst others, as key gamers within the trade.

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