Metal Additive Manufacturing suppliers predict a market growth of 29.2%
In 2020, the global metal Additive Manufacturing market is valued at EUR 2.03 billion including system, material and part manufacturing supplier sales. Due to the impact of COVID-19, the suppliers’ goal sales growth from the previous year could not be met in 2020. However, the suppliers have a positive outlook and expect a CAGR of 29.2 % until 2025. Meaning the market will bounce back, nearly matching its strong growth of over 30 % from before the pandemic.
The revenues of the system suppliers are expected to grow with a slight decrease from last year’s growth expectations. Especially the established Powder Bed Fusion system suppliers have provided a more conservative outlook compared to the previous years. And yet, the growth expectation is still well in the double-digit range.
The material and part manufacturing suppliers, on the other side, increased their CAGR predictions. After a challenging year, expectations for 2021 to make up for lost business are high. It is generally believed that many projects and budgets were only temporarily postponed and will drive revenue in 2021. Furthermore, the continuous industrialization of the metal Additive Manufacturing technology will drive the use and hence utilization of the installed machine capacity.
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 ADDITIVE), 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.