3D Printing Markets Totaled $3.47B in Q3 2024, Year Over Year Growth of 9%; AM Research Publishes Q3 2024 3DP/AM Market Insights and Data New York, NY: Additive Manufacturing Research (AM Research) has published its Q3 2024 3D printing data and forecast along with its Market Insights report which distills and analyzes the data. AM Research's quarterly 3DP/AM market data product represents the most thorough and accurate data available worldwide, tracking markets by vendor, print technology, geography, and application (industry). The data shows year over year growth of 9% and a small sequential increase in total market activity, from $3.45B in Q2 2024 to $3.47B in Q3 2024. A continuing slow-down in hardware sales was offset by growth in AM services. The Metal AM market (consisting of 3D printers, materials, and services) totaled $1.4B in Q3 2024. This represents 9.5% year over year growth despite an 8% decline in printer sales. The Polymer AM market totaled $2.0B in Q3 2024, marking 9.5% year over year growth despite flat printer sales. The AM Services market totaled $1.9B in Q3 2024, representative of 14% year over year growth. Scott Dunham, EVP AM Research, provides valuable insight, commentary and data cuts, found in the AM Research report "3DP/AM Market Insights: Q3 2024". Dunham states, "The financial backdrop has hurt hardware investment, but adoption also continues to be impacted by the complexity of AM design, validation, and qualifications. Certain service providers should stand to benefit in the short to medium term. What hardware sales growth the market may achieve in the next two years, may therefore shift more to service providers." Companies included in AMR's Core Metals and Core Polymers tracking data and 3DP/AM Market Insights report include but are not limited to: 3D Systems, Stratasys, Markforged, Desktop Metal, Velo3D, Nikon SLM Solutions, EOS, GE Additive, Trumpf, Farsoon, BLT, HBD, Eplus, Optomec, BeAM, HP, Formlabs, Prodways, DWS, and Carbon. About the Report Additive Manufacturing Research's "Core Metals" and "Core Polymers" market data products include nearly a decade of historical quarterly data and provide 10-year forward forecasts. Quarterly reports on the metal and polymer AM markets are available as a one-time or subscription purchase via AMR's website and are customizable as needed. AM Research's "3DP/AM Market Insights: Q3 2024", a written analysis combined with proprietary charting and graphs, provides color and context to AM Research's traditional Core Metal and Core Polymer market data products. The 3DP/AM Market Insights report is also available for purchase as a subscription or as a standalone product. For more information on these market data reports and other specialty market reports, please visit: https://additivemanufacturingresearch.com/reports/  Source: Additive Manufacturing Research From the Report - The continuing trend of growth in Materials vs weakness in Hardware may be due to stalled adoption, representing a disconnect between the value of AM and the rate of hardware growth.
- Presuming that Nano Dimension's (NNDM) acquisitions of both Desktop Metal (DM) and Markforged (MKFG) indeed close, AM Research sees a short term negative impact to the Metal Binder Jetting markets and an opportunity for HP (HPQ) and Colibrium (GE) to boost market share.
- AM Research provides commentary on the trend away from integrated print services, highlighted by significant strategic changes at Carpenter Additive (CRS), Sandvik (SDVKY) and 3D Systems (DDD).
About Additive Manufacturing Research: Since 2013, Additive Manufacturing Research (formerly SmarTech Analysis) has published reports on all the important revenue opportunities in the 3D printing/additive manufacturing sector and is considered the leading industry analyst firm providing coverage of this sector. AMR's analysis and data drives strategy development in the additive industry and has been adopted and presented by many of the industry's largest firms. For more details on our company: https://www.additivemanufacturingresearch.com/ AM Research also produces the most influential annual conference for 3D printing leaders and stakeholders, Additive Manufacturing Strategies held in New York City. Contact: info@additivemanufacturingresearch.com Press Contact:
Jake Thomas
jake@3dprint.com
(248) 382-8043 | 
Comments
Post a Comment