3D Printing Market Reaches $3.45B in Q2 2024, Marking 8.4% 12 months-Over-12 months Development – 3DPrint.com

The worldwide 3D printing market continued its upward trajectory within the second quarter of 2024, totaling $3.45 billion—a year-over-year enhance of 8.4%. Regardless of a slight sequential decline from $3.47 billion in Q1 2024, the trade demonstrated resilience, with progress in additive manufacturing (AM) companies 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 obtainable worldwide, monitoring markets by vendor, print expertise, geography, and software.

In metallic {hardware}, directed power deposition (DED) emerged as the one expertise to witness year-over-year progress in Q2 2024, in accordance with 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 expertise. 

Valued at $1.4 billion in Q2 2024, the metallic AM sector skilled a ten.0% year-over-year progress, 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 companies section additionally confirmed strong efficiency, totaling $1.87 billion and reflecting a 12% year-over-year progress.

“Most publicly traded AM corporations 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 impression the sale of AM supplies, even whereas utilization of put in AM gear is larger 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 reminiscent of Farsoon and BLT,” stated Scott Dunham, Govt Vice President at AM Analysis.

Regardless of present challenges, AM Analysis sees a path to reaching 30% market progress in printer gross sales by 2025, pushed by anticipated decreases in rates of interest and a rebound from this yr’s depressed ranges. The report highlights a number of important 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 software of 3D printing expertise inside dentistry.

In metallic {hardware}, directed power deposition (DED) emerged as the one expertise to witness year-over-year progress 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 expertise in industrial functions.

The Market Insights report consists of knowledge from a variety of trade leaders, together with 3D Techniques, 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 knowledge merchandise supply almost a decade of historic quarterly knowledge and supply 10-year ahead forecasts. The stories can be found for one-time buy or by way of subscription and will 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 knowledge. It is usually obtainable as a standalone product or by way of a subscription.

For extra info on these stories and different specialty market analyses, go to the AM Analysis web site.