Regardless of a market slowdown in 2023, the additive manufacturing (AM) sector continues to develop at a strong charge, based on AM Analysis. The market evaluation agency revealed its Q1 2024 3D printing market information and written evaluation, reporting that the 3D printing sector totaled $3.47 billion in Q1 2024, development of eight % in comparison with the identical time final 12 months.
The market typically has proven a slowdown of machine gross sales basically however continues to increase when it comes to materials consumption and providers, significantly within the dental market in comparison with Q1 2023.
Scott Dunham, Govt Vice President of AM Analysis, mentioned of the newest market traits, “Stakeholders within the AM world have realized that it’s very tough to cater to each attainable use case for additive and nonetheless achieve success, however which means within the present local weather and maturity of AM adoption, there are winners and losers every interval as sure segments carry out strongly and others don’t. Many corporations are exhibiting higher backlogs and orders for the remainder of the 12 months, however we needs to be cautious about anticipating a serious rebound the remainder of the 12 months.”
Concerning the Report
AM Analysis’s quarterly 3DP/AM market information product represents essentially the most thorough and correct information obtainable worldwide, monitoring markets by particular person vendor, by print know-how, by geography, and by trade/software The corporate has additionally revealed its “3DP/AM Market Insights: Q1 2024,” a written evaluation mixed with proprietary charting and graphs, which supplies shade and context to AM Analysis’s conventional Core Steel and Core Polymer market information merchandise.
AM Analysis’s “Core Metals” and “Core Polymers” market information merchandise embrace practically a decade of historic quarterly information and supply 10-year ahead forecasts. Quarterly reviews on the metallic and polymer AM markets can be found as a one-time or subscription buy through AM Analysis’s web site and are customizable as wanted. The quarterly 3DP/AM Market Insights written evaluation report can also be obtainable for buy or as a standalone product. For extra info on these market information reviews and different specialty market reviews, you may go to the AM Analysis web site.
Firms included in AM Analysis’s Core Metals and Core Polymers monitoring information and 3DP/AM Market Insights report embrace, however will not be restricted to, 3D Programs, Stratasys, Markforged, Desktop Steel, Velo3D, Nikon SLM Options, EOS, GE Additive, Trumpf, Farsoon, BLT, HBD, Eplus3D, Optomec, BeAM, HP, Formlabs, Prodways, DWS, and Carbon.
The Newest 3D Printing Knowledge
AM Analysis’s newest report highlights numerous key traits within the trade. Print providers consolidation, together with CORE Industrial Companions’ acquisition of Fathom, highlights the necessity for suppliers who possess each experience particular to additive manufacturing and assets that span throughout manufacturing capabilities and markets. Excluding dental labs and biomedical corporations, the marketplace for print providers for industrial and sturdy items is predicted to exceed $5 billion in world revenues for the primary time in 2024.
Protection initiatives are persevering with to translate into actual alternatives in Q1 and past for the 3DP/AM trade. Two important bulletins from Bechtel Plant Equipment Inc. (BPMI) illustrate this development in motion.
In Q1 2024, the metallic powder mattress fusion market shrunk year-over-year for less than the second time within the final decade. Nonetheless, this outcome was not uniform throughout all distributors. Firms comparable to Trumpf, Renishaw, 3D Programs, and Nikon SLM Options all reported important gross sales wins regardless of the general market decline.
The dental market stays essentially the most influential and mature sector for polymer AM applied sciences, but there’s nonetheless important alternative awaiting exploitation. Align’s acquisition of Cubicure displays efforts in direction of instantly printing new courses of dental units from strong supplies, able to serving new purposes comparable to palate enlargement units and instantly printed clear orthodontic aligners.
Going Ahead
To get a extra granular examination of the place the trade is heading, it’ll be essential to sustain with AM Analysis’s information. Nonetheless, from a fowl’s eye view, we could possibly predict a stronger restoration for Q2, as effectively.
EOS and i3DMFG make a deal at RAPID + TCT 2024.
Within the wake of RAPID + TCT, we’ve realized of a number of high-volume {hardware} gross sales, largely to superior service bureaus backed by personal fairness, together with by EOS to i3DMFG and Incodema. We additionally know that numerous {hardware} producers, comparable to Velo3D, have claimed a considerable backlog from the tip of final 12 months which will make it onto their Q2 reviews. In the meantime, as predicted, the extra financially strong corporations are buying distressed smaller companies, as evidenced by the Nano Dimension acquisition.
Because the bigger financial system recovers from the prior monetary tumult, the AM sector might lag behind sectors with which might be much less depending on overhead funding, comparable to software program. In the intervening time, personal fairness and authorities initiatives are choosing up the slack the place normal capital funding has fallen quick. As soon as a full restoration is underway, it might be these two forces that kick AM into overdrive as nationwide economies, significantly the U.S. and China, compete to shore up superior manufacturing as rapidly as attainable.
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