Download the free management summary of the AMPOWER Report 2024
Focused on 150 pages with over 100 figures and diagrams, the AMPOWER Report is the global source for metal and polymer Additive Manufacturing market numbers and technology trends. The free summary contains the key take aways.
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Additive Manufacturing market valued at over EUR 10 billion
The overall Additive Manufacturing market for metal and polymer material is valued at EUR 10.5 billion with a projected growth of CAGR 13.9% until 2028. The industrial polymer Additive Manufacturing market is about 2 times the size of its metal equivalent. While system sales revenues in both markets are at a similar level, material and part manufacturing services are much more developed for polymers resulting in a larger share of revenue. The metal AM market alone is valued at EUR 3.5 billion in 2023 with an expected CAGR of 20.4 % until 2028.
Medical industry is leading system sales revenue
In 2023, the medical industry was the system suppliers’ prime customer. Dental aligners, hearing aids, bone replacement endoprosthesis, or components for computed tomography scanners are only a few examples of medical devices which are in production using metal and polymer Additive Manufacturing technologies. The advantages of AM in terms of flexibility, design freedom and mass-customization meet the demand in this sector especially well. A growing material range, improved software platforms to further facilitate customizations to patient data and many other factors will continue to push medical AM applications to further growth in the future.
Further highlights of the management summary
Leading Applications in AM
Besides Automotive, Aviation and Medical, Space is amon the leading industries in the market. With Additive Manufacturing, space compaies such as VAST SPACE can create complex parts, such as this E2 rocket chambers with cooling channels, quicker and at a lower cost compared to traditional manufacturing methods. They are also able to iterate and manufacture new printed part designs quickly, without having to update tooling. Courtesy of Vase Space.
Additive Manufacturing forecast
For the AMPOWER Report 2024, suppliers of AM equipment as well as buyers were surveyed for their forecast predictions for the next 5 years. While suppliers traditionally have a more optimistic outlook, buyers tend to be more conservative in their predictions. The AMPOWER forecast for Additive Manufacturing is calculated taking both views into account.
Why AMPOWER Report
The full AMPOWER Report gives access to deep dive market analytics and databases
The authors combine over 50 years of experience in Additive Manufacturing as well as over 250 international customer projects and trained more than 300 engineers worldwide. The report is the first of its kind, that combines direct personal interviews with users and suppliers of the industry. The system suppliers that contributed direct input for the AMPOWER report represent over 90 % of the worldwide installed base of metal Additive Manufacturing machines.