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3D Printing Markets Totaled $14.7B in 2023, Year Over Year Growth of 13%; AM Research Publishes Annual 2023 Market Data, Debuts Written Market InsightsNEW YORK, April 2, 2024 /PRNewswire/ -- The fourth quarter of 2023 capped a challenging year for additive manufacturing (AM) markets, according to Additive Manufacturing Research (AM Research). Even amidst a rebound in general market sentiment, the growth rate for all 3D printing hardware, materials, software and services is estimated to be only 13.5% (to $14.7B) for 2023 compared to 2022. The AM metals segment outpaced polymers with nearly 15% growth compared to just over 10% for polymers. The AM services market totaled $6.7B, growth nearly in line with the total AM industry. AM hardware revenues in the fourth quarter grew less than 1% as compared to the same quarter in 2022, largely reflected publicly in many earnings reports, while annually hardware revenues across both metals and polymers grew just under 6% in 2023 versus 2022. With this Q4 2023 reporting, AM Research is debuting a quarterly "3DP/AM Market Insights" product. Written analysis is combined with proprietary charts and data tables to provide color and context to AM Research's traditional Core Metal and Core Polymer market data products, which previously have always only been in the form of an exhaustive Excel data file. Scott Dunham, EVP, AM Research, commented, "An abnormal, up-and-down year for the AM market ended about the same as it began – with shifting trends in system purchasing making a lot of headlines and depressing revenue growth. Still there exists a real appetite for AM technology that is likely to break loose in the near term, driven by a combination of government spending and maturity in key markets. We expect a return to normal historical growth levels this year. Longer term, AM is still the technology to atch for manufacturing evolution." Companies included in AMR's Core Metals and Core Polymers tracking data and 3DP/AM Market Insights report include but are not limited to: 3D Systems, Stratasys, Markforged, Desktop Metal, Velo3D, Nikon SLM Solutions, EOS, GE Additive, Trumpf, Farsoon, BLT, HBD, Eplus, Optomec, BeAM, HP, Formlabs, Prodways, DWS, and Carbon. About the Report Additive Manufacturing Research's "Core Metals" and "Core Polymers" market data products include nearly a decade of historical quarterly data and provide 10-year forward forecasts. Quarterly reports on the metal and polymer AM markets are available as a one-time or subscription purchase via AMR's website and are customizable as needed. AM Research's quarterly 3DP/AM Market Insights report is available for the first time with this Q4 2023 installment. For more information on these market data reports and other specialty market reports, please visit: http://www.additivemanufacturingresearch.com/reports From the Report
About Additive Manufacturing Research: For more details on our company: http://www.additivemanufacturingresearch.com/ Contact: Press Contact: View original content to download multimedia:https://www.prnewswire.com/news-releases/3d-printing-markets-totaled-14-7b-in-2023--year-over-year-growth-of-13-am-research-publishes-annual-2023-market-data-debuts-written-market-insights-302105340.html SOURCE Additive Manufacturing Research |