Additive Manufacturing market 2024

Metal and polymer AM market size 2020 to 2023 and 2028

AM market to double until 2028

The overall industrial Additive Manufacturing market, including metal and polymer equipment, materials, and part manufacturing services, is valued at EUR 10.50 billion in 2023, with a projected compound annual growth rate (CAGR) of 13.9 % until 2028. Looking ahead, the metal market is projected to grow faster, at about twice the rate of the polymer market until 2028.

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Metal and polymer equipment revenue 2020 to 2023 and 2028

USA customers responsible for large revenue share

Additive Manufacturing system suppliers have sold machines with a value of EUR xx billion last year, an increase of xx %. The metal AM system vendors were able to achieve a new record turnover.
The largest market in the world for Additive Manufacturing products and services is the United States of America. The system sales revenue of metal and polymer machines in the US totaled to EUR xx billion and grew by more than xx % year-on-year.

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Metal and polymer equipment revenue by customer location 2022 to 2023 and 2028

High revenue location in specific regions

The industrial AM equipment market faced a challenging year in 2023. The 3D printing industry giants 3D SYSTEMS and STRATASYS both reported declining revenue for 2023 of 9 % and 4 %, respectively, with losses in the millions.
Throughout 2023, 3D SYSTEMS, STRATASYS, NANO DIMENSION, and DESKTOP METAL were actively engaged in take-over bids or merger offers towards each other, activities that underline the pressure for consolidation in the market. Additionally, it could be assumed, that the constant noise around hostile take-overs and merger rumors have not been beneficial to their commercial success in 2023.

The download of the data is only available with an Enterprise license.

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The download of the data is only available with an Enterprise license.

Reach out to [email protected] if you are interested in upgrading your plan.

Metal and polymer equipment revenue by industry 2021 to 2023 and 2028

Adoption and stagnation

The XXX and XXX sectors have seen robust growth of xx% over the past two years. Contrarily, the growth of AM equipment in the XXX sector has stagnated. While prototyping, tooling, and support in production with jigs and fixtures have found their place, the industry lacks large-scale series applications to drive further adoption.

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Metal and polymer equipment revenue by technology 2021 to 2023 and 2028

Dominant technologies stay ahead

While not all principles reach necessary maturity to be industrialized and to make a significant impact, the ever-lasting drive for innovation continues. Consequently, the number of Additive Manufacturing technologies continuously increases. The numerous startups play an important role to push technological boundaries and commercialize innovative solutions to enable wider use of AM.

Metal and polmyer part manufacturing market pricing 2023

Wide range in part manufacturing part pricing

Based on an assessment of over 5,000 instant quotes from online marketplaces, AMPOWER analyzes the part manufacturing market pricing in 2023, considering technology, material, and production volumes.
The data highlights a significant price reduction up to an order volume of around 100 parts. Moreover, price variations among offers are substantial, ranging between 10-15x for TPU and PA12, and up to 80x for Material Extrusion ABS parts. In standard applications, pricing reaches its minimum point when the order volume surpasses 1,000 parts.
To underscore the pricing fluctuation based on order volumes, the analysis presents pricing for single parts as well as pricing for larger quantities of 1,000 parts. Additionally, the analysis uses a generic, representative application with a volume of 25cm³ and a bounding box of 50x50x40 mm³. Previous analyses have indicated that at these dimensions, additional pricing factors commonly associated with very small or very large parts, such as additional handling costs, are minimized. For this analysis, no additional post processing treatments have been requested except for the removal of supports and access powder.

In metal Additive Manufacturing, the design strongly affects processability due to thermal stresses, warping, and need of supports. Hence, third party designs are more complex to calculate and the risk for service bureaus of build job failure is much higher without extensive design evaluation or re-design. Surprisingly, many online platforms still offer an instant pricing for L-PBF in multiple materials. 316L stainless steel the most commonly available material on part manufacturing online platforms with over 30 identified suppliers.
In 2023, stainless steel market pricing starts as low as 385 EUR/kg the low-end market pricing. However, on average, customers must pay around 670 EUR/kg of AM parts in the most common 316L or 17-4PH. Pricing for aluminum parts ranges between 645-2,257 EUR/kg. Titanium is the most expensive material considering the weight of the part. For higher volumes of 1,000 parts, pricing levels at around 3,734 EUR/kg.
In 2017, AMPOWER published its first Insights study on cost of Additive Manufacturing. Comparing the average pricing of stainless steel, the price dropped by over 10% from previously 750 EUR/kg 6 years ago. Considering the lowest offering, the pricing dropped by even 50%. This indicates an increased competition on the market and a large available capacity of stainless-steel L-PBF machines at part manufacturing service bureaus and might be an explanation for prices close to in-house manufacturing cost. A similar market pricing development is seen when looking at the average pricing of aluminum parts today and 6 years ago. The minimum price for aluminum parts has decreased by factor 3x over this timespan. However, it should be noted, that for aluminum, the regional influence is significant. Especially Chinese part manufacturers are offering aluminum AM parts at very low cost while prices provided by Western suppliers in 2023 still range at a similar level compared to 2017.

For high-end polymer Additive Manufacturing methods like Selective Laser Sintering and MultiJet Fusion, the pricing for commonly utilized materials PA12 levels out between 459 to 561 EUR/kg. For TPU, the pricing for Selective Laser Sintering is more expensive at 843 vs. MultiJet Fusion with 534 EUR/kg.
Material Extrusion ABS components demonstrate market pricing stabilization at 289 EUR/kg, exhibiting a range spanning from 127 to 651 EUR/kg. Unlike MJF and SLS methods, Material Extrusion displays a notably wider pricing range for single parts. This variation in prices can be attributed to significant disparities in printer costs among suppliers. Some base their calculations on industrial-grade equipment with investments exceeding EUR 100,000, while others rely on semi-professional desktop printers requiring investments below EUR 10,000. While these distinctions may affect part quality, they are often concealed from the customer’s view. In numerous applications, lower-cost machines are anticipated to yield satisfactory Material Extrusion ABS quality. Furthermore, technology-specific printing parameters, such as infill and other variables, differ among suppliers and are frequently undisclosed to marketplace users.
Remarkable regional price discrepancies are apparent in online marketplaces. Suppliers situated in China offer the most competitive price per kilogram for Selective Laser Sintering components. Intriguingly, when procured from Chinese marketplaces, TPU parts generated via MJF machines carry the highest cost.
Across all technologies and materials, the analysis underscores that exceptionally small parts, approximately 10 mm in size, incur considerably higher expenses compared to those exceeding 20 mm. Even with increased manufacturing volumes, the pricing for very small parts remains relatively high, likely due to heightened handling costs per unit.