3D printing industry makes $6 billion in first half of 2022 – 3DPrint.com

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SmarTech Analysis, the leading research firm for the 3D printing industry, has just released its market data for the second quarter of 2022. According to its research, the additive manufacturing (AM) sector recorded a growth of 27 % over the same period last year. In total, SmarTech suggests the 3D printing market reached $6 billion in the first half of the year, generating revenues of just over $3 billion in the first and second quarters each.

However, the industry’s six consecutive quarters of sequential growth came to an end due to inflation and global supply chain disruptions, leading some companies to cut their annual forecasts. Still, others reaffirmed their expectations, pointing to 3D printing’s ability to support manufacturing amid supply chain issues. Scott Dunham, Executive Vice President of Research for SmarTech Analysis, commented on this point:

“Although the quarter was always a huge success for the additives industry, the overall economic situation caught up with the industry after an excellent series of growth throughout the pandemic and in the post-pandemic era of the turbulence of the supply chain. AM companies as a group are still among the best positioned during this period, even though growth has ultimately slowed sequentially. We still expect 2022 to be a banner year for the industry as we enter the second half of the year. The outlook beyond 2022 is also quite positive as aerospace comes back stronger and new opportunities in consumer goods and energy gain momentum.

A traditional replacement cast had a 10 month lead time for tooling – this replacement was produced with 3D sand printing and delivered within weeks. Image courtesy of Desktop Metal.

According to SmarTech, the metal 3D printing market now accounts for 40% of the total AM market, continuing to grow faster than the polymer segment. This includes the market for AM printing machines, materials and services. The market research firm noted that the metals sector was strong in the second quarter of 2022, but key segments like hardware actually fell for the first time in several quarters, “due to challenges created by the chain. supply and lengthening sales cycles due to recession fears”.

Image courtesy of SmarTech Analysis.

At the same time, the demand for metal powder is increasing with an increase in production from more users, especially in aeronautics. This is partly due to ongoing issues with supply chains, which are causing global manufacturers to seriously consider using AM. Metal powder bed fusion and other semi-mature 3D printing technologies are then considered as a potential solution. As a result, the growth rate of powder sales increased in the second quarter, as did the prices of these materials. SmarTech suggests that AM materials now generates more than $500 million per quarter worldwide. At the same time, new metal additive manufacturing technologies are being developed to target specific markets and applications. Companies covered in the report include 3D Systems, HP, EOS, Farsoon, Prodways, Velo3D, SLM Solutions, Optomec, Trumpf, Markforged, Desktop Metal, GE Additive and ExOne.

This information represents the latest “Core Metals” and “Core Polymers” market data from SmarTech, which includes historical quarterly data as well as a 10-year forecast. Quarterly reports on the Metals and Polymers Additive Manufacturing Markets can be acquired through a one-time purchase or subscription from the SmarTech website, with customization available as needed.

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