Metal Additive Manufacturing suppliers predict a market size growth of 27.9 %
In 2019, the global metal Additive Manufacturing market size is valued at EUR 2.02 billion including system, material and service sales. System suppliers have the largest share of the total Additive Manufacturing market size. This includes all established metal systems such as PBF, Wire Arc Deposition or Powder Laser Deposition as well as new technologies like Binder Jetting and Coldspray. This dominant position will continue to remain until 2024. Most material sales are driven by metal powders and wire feedstock. The service supplier share of the Additive Manufacturing market is defined by service buraus, who produce AM parts for users and OEM.
For the whole market, a CAGR of 27.9 % is expected by the supplier side. Service suppliers predict an annual growth rate of 27.6 % until 2024. Buyers, or users, however, are expecting a weaker yearly growth leading to an overall market size of EUR 5.89 billion in 2024. The difference in expectations are explained by the overestimation of sales revenue by the service suppliers, especially the PBF machine suppliers.
The aerospace, turbine and helicopter industry covered the largest share followed by the medical industry. The aerospace sector profited from multiple activities for new space applications such as rocket engines and therefore attracted large sums of venture capital especially in the US market.
At the early days of metal Additive Manufacturing, Germany was the leading market region with its first movers in LB-PBF technology CONCEPT LASER (now GE), EOS, REALIZER (now DMG MORI) and SLM SOLUTIONS. Hence, many pioneering users were located in Germany and Europe. By now, however, the market share is more evenly distributed with suppliers and buyers from all over the major industrial regions of EMEA, AMER and APAC.
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