NEW
YORK, July 10, 2024 /PRNewswire/
-- Additive Manufacturing Research (AM Research) has published
its Q1 2024 3D printing market data and written analysis. Some
positive signs emerged in certain pockets of the AM industry during
the first quarter of the year, but the positive momentum continues
to be bottlenecked by hangups in the sales of new AM systems.
Growth in the value of 3D printing materials sold was very solid
year over year in Q1 2024, a continued indication that demand for
AM remains healthy in many areas. The 3D printing services market
grew as well, in part thanks to a better Q1 in the dental market
compared Q1 2023.
AM Research's quarterly 3DP/AM market data product represents
the most thorough and accurate data available worldwide, tracking
markets by individual vendor, by print technology, by geography,
and by application (industry).
AM Research has also published its "3DP/AM Market Insights:
Q1 2024," a written analysis combined with proprietary charting
and graphs, which provides color and context to AM Research's
traditional Core Metal and Core Polymer market data
products.
Scott Dunham, EVP, AM Research,
commented, "Stakeholders in the AM world have learned that it's
very difficult to cater to every possible use case for additive and
still be successful, but that means in the current climate and
maturity of AM adoption, there are winners and losers each period
as certain segments perform strongly and others do not. Many
companies are showing better backlogs and orders for the rest of
the year, but we should be cautious about anticipating a major
rebound the rest of the year."
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 quarterly 3DP/AM Market Insights written
analysis report is also available for purchase or as a standalone
product.
For more information on these market data reports and other
specialty market reports, please visit:
http://www.additivemanufacturingresearch.com/reports
From the Report
- Print Services consolidation, including CORE Industrial
Partners' go-private acquisition of Fathom, highlight the need for
a somewhat rare combination of providers who house both expertise
specific to additive manufacturing and resources that span across
manufacturing capabilities and markets. Excluding the dental labs
and biomedical companies, the market for print services for
industrial and durable goods is expected to exceed $5B in global revenues for the first time in
2024.
- Defense initiatives are seen continuing to translate into real
opportunities in Q1 and beyond for the 3DP/AM industry. Two
significant announcements from Bechtel Plant Machinery Inc (BPMI)
illustrate this trend in action.
- In Q1 2024, the metal powder bed fusion market in shrunk year
over year for only the second time in the last decade. However,
once again the result was not equal for all, with vendors such as
Trumpf, Renishaw, 3D Systems and Nikon SLM Solutions all marking
significant sales wins.
- Dental is the single most influential market for polymer AM
technologies, and the most mature, but there is still an immense
amount of opportunity awaiting to be exploited in the dental market
via 3D printing. Align's acquisition of Cubicure speaks to efforts
towards the direct printing of new classes of dental devices from
materials robust enough to serve new applications, like palate
expansion devices and directly printed clear orthodontic
aligners.
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:
http://www.additivemanufacturingresearch.com/
Contact:
info@additivemanufacturingresearch.com
Press Contact:
Jake
Thomas
380207@email4pr.com
(248) 382-8043
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SOURCE Additive Manufacturing Research