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CANADA'S LEADING INFORMATION SOURCE FOR THE METALWORKING INDUSTRY

CANADA'S LEADING INFORMATION SOURCE FOR THE METALWORKING INDUSTRY

Additive manufacturing to surpass US$41 billion by 2033, says IDTechEx

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The additive manufacturing market will continue to find new applications and end-users says IDTechEx and forecasts it will surpass US$41 billion by 2033.

IDTechEx has studied the 3D printing industry for over a decade and has released their latest report, “3D Printing and Additive Manufacturing 2023-2033: Technology and Market Outlook”, providing a comprehensive view of the market. In examining thirty individual 3D printing technologies and five major material categories, IDTechEx finds a continuous theme between these important aspects of the industry: expansion.

3D Printing Hardware: Expanding Through New Technologies and Players

Given that established additive manufacturing technologies like selective laser sintering and thermoplastic filament extrusion are decades old, it might be expected for the market to consolidate and stabilize from a technology standpoint. However, new entrants with their own unique innovations on 3D printing are popping up every year, some of which are so unique that they don’t fit into the classic seven printing processes framework. New technologies, which span polymer, metal, electronics, ceramics, construction, and composite 3D printing, offer different advantages and disadvantages to incumbents. Parallel to these new technologies are more incremental improvements in established processes. What both advancements allow is access to new applications and end-users that 3D printing previously struggled to reach.

The Broader 3D Printing Ecosystem: Materials, Software, Post-processing, and Services

Taking place in tandem with the expansion and improvement of the 3D printing hardware portfolio is the growth of the broader 3D printing ecosystem, including materials, post-processing, software, and services. For example, the 3D printing materials portfolio is expanding because of the aforementioned new technologies entering the market, which can process materials previously underused or underutilized by additive manufacturing. In addition, the software, scanners, and services sector of 3D printing is introducing new offerings to simplify the adoption of additive manufacturing by end-users, making their experience more seamless.

Across these different technologies, materials, and services, the theme remains the same, according to IDTechEx: the expansion of additive manufacturing to enter new target markets and reach new end-users. IDTechEx expects this expansion to drive the 3D printing industry past US$41 billion in hardware and materials sales by 2033.

Market Forecasts for Additive Manufacturing Materials

The new report from IDTechEx, segments the market by eighty different forecast lines across seventeen different technology categories, four major material categories, and eight material subcategories. These hardware and material forecasts analyze future installations, hardware unit sales, hardware revenue, materials mass demand, and material revenue. Additionally, IDTechEx provides technology benchmarking studies, examination and case studies of critical application areas, detailed discussion of auxiliary AM industry fields, and in-depth market and economic analysis.

For more information on this report, please visit www.IDTechEx.com/3DP.

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