Plant Services: Report – Additive Manufacturing Industry to be Worth $15.8 Billion by 2020

| The Essentium Team

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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.

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The Essentium Team
February 18, 2021

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In early February, Essentium, Inc announced the results of the second in a series of findings from independent global research on the current and future use of industrial 3D printing. We previously covered the first survey published in 2019, which focused mainly on the slow adoption of additive manufacturing for mass-production. This new survey has shown significant advancements in that particular arena as well as significant benefits for users of industrial additive manufacturing while also highlighting remaining challenges to overcome, notably concerning the cost of 3D printing technologies and materials.

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