Metal Additive Manufacturing market 2023

Metal Additive Manufacturing market

Growth in metal Additive Manufacturing well in the double digit range

Last year the global metal Additive Manufacturing market is valued at EUR xx billion including system, material and part manufacturing supplier sales. After a year of only marginal growth in 2020 due to the impact of COVID-19, the industry achieved xx % higher revenues compared to 2021. The suppliers expect a similar growth of xx % over the coming years in the coming five years. Worth mentioning, this is slightly above the growth predictions reported in the previous year.

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Metal market by region

AMER outpaces rest of the world

Overall, AMER is the largest market for metal AM suppliers with sales revenues of EUR xx billion in the previous year. After a significant drop in revenue in 2020 due to the severe effects of the COVID-19 pandemic, the market bounced back to a record high. The regional share of sales worldwide continued to drop from xx % in 2019 and xx % in 2021 to now xx %.

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Market by technology

Crossing the threshold of xx units per year

After a difficult year of pandemic-induced statis, the number of sold units grew again last year to a total of xx machines. While this results only in an increase of xx % of the units, customers purchased a favorable mix of more expensive machines as the system supplier revenue grew by about xx % in the same time frame.

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Additive Manufacturing market by industry

Strong growth in selected verticals

The global metal Additive Manufacturing system sales volume increased from EUR xx billion in 2021 to EUR xx billion in 2022. The strongest segment in terms of machine acquisition was the xx industry with a share of xx %, the xx industry followed at xx %.


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Metal market by materials

Metal Additive Manufacturing material consumption grows with increasing degree of industrialization

The metal feedstock consumption grew by xx % from xx tons to xx tons during last year. The suppliers and users expect that the growth will significantly increase in the coming years to about xx %. In five years, the users are expected to use xx tons of material.
High throughput systems such as Binder Jetting and DED technologies but also new generation of multi-laser L-PBF machines will push the use of material.

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Industrialization

Medical industry with machine utilization above xx %

The utilization is calculated from the actual runtime of the machine and the total available hours, i.e. 8,760 hours per year. Typical reasons for unproductive downtime of a machine can be preventive maintenance and planned services, machine defects, unavailability of personnel to setup a machine or simply lack of production orders.

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