Plant Services: Report – Additive Manufacturing Industry to be Worth $15.8 Billion by 2020 November 25, 2019December 2, 2019 | The Essentium Team Share Additive manufacturing (AM), commonly known as 3D printing, has seen tremendous adoption in the manufacturing sector where its ability to create custom-designed components or entire products in small batches is highly attractive for certain producers. As a snapshot of the market’s forecasted growth, the 2019 Wohlers Report — viewed by experts as a top source for the pulse of the 3D printing industry — forecasts that the market value for 2020 is $15.8 billion for all 3D printing products and services worldwide. That figure is expected to surge to $23.9 billion in 2022 and $35.6 billion in 2024. Likewise, a January forecast from Statista shows that global spending on 3D printing in 2019 is projected to be $13.8 billion, up 21.2% from a year earlier. Read more: Plant Services Share
Additive manufacturing (AM), commonly known as 3D printing, has seen tremendous adoption in the manufacturing sector where its ability to create custom-designed components or entire products in small batches is highly attractive for certain producers. As a snapshot of the market’s forecasted growth, the 2019 Wohlers Report — viewed by experts as a top source for the pulse of the 3D printing industry — forecasts that the market value for 2020 is $15.8 billion for all 3D printing products and services worldwide. That figure is expected to surge to $23.9 billion in 2022 and $35.6 billion in 2024. Likewise, a January forecast from Statista shows that global spending on 3D printing in 2019 is projected to be $13.8 billion, up 21.2% from a year earlier. Read more: Plant Services
The Essentium Team January 17, 2021 Design News: Will 2021 Be the Breakout Year for Additive Manufacturing? AM was already positioned for a surge. 2020 tipped it into wholehearted legitimacy. Blake Teipel, CEO of Essentium, a 3D printing company that focuses on AM, believes the industry is on the cusp of seeing AM become a widespread manufacturing technology rather than a boutique technology for customization and spare parts. Read More
The Essentium Team January 16, 2021 Industry Europe: How The Last Seven Years Have Shaped Additive Manufacturing’s Future This year, aerospace giant Boeing completed the first flight of its 777X jet, powered by twin GE9X engines equipped with more than300 3D printed parts. The GE9X is the most fuel-efficient jet engine that GE has ever produced, operating at 10 per cent lower fuel consumption than competing engines. This is just one example of how far a cry we are from 3D printing’s beginnings as a tool for rapid prototyping. Read More
The Essentium Team January 12, 2021 MCADCafe: Additive Manufacturing Will Boom in 2021 The promise of additive manufacturing has always been tremendous. But it’s not just a promise anymore—now the capability is a reality. Essentium CEO and Co-founder Blake Teipel, Ph.D. shares five trends that will push 3D printing to greater success in the coming year. Read More
