Polymer Additive Manufacturing Market Poised for Growth in 2021, Hardware Sales Back on Track in Q1 2021 According to SmarTech AM Advisory Services Report
NEW YORK, July 21, 2021 /PRNewswire/ -- SmarTech Analysis, the leading provider of market analysis and consulting services to the additive manufacturing (AM) industry, reported in its latest quarterly advisory services report that the polymer sector of the AM market grew year-over-year by a modest amount, but positive signs in the hardware segment indicate a positive outlook for the remainder of the year. In particular, hardware sales were up nearly 12 percent in the quarter which, overall, was only marginally impacted one year ago from the coronavirus. With hardware sales being the backbone of the industry and always a leading indicator of future growth in other sectors of the value chain, SmarTech is encouraged that all of the continued investment and competitive landscape changes in the AM industry -including the polymer sector -will improve the overall long-term outlook for the technologies, and the first quarter's growth will accelerate further throughout 2021.
This quarterly report is available as a one-time purchase to non-subscribers via SmarTech's website. For more information on the stand alone report or ongoing subscription advisory services for the additive market, go to smartechanalysis.com/data-services
About the Report
The polymer additive market only achieved an overall small single digit growth overall compared to the same period a year ago just prior to the onset of the coronavirus, thanks primarily to print services revenues remaining for polymer parts remaining flat. Despite this, the attitude and sentiment to invest in AM hardware (and AM companies directly) shows more of a 'market reset' scenario unfolding which will see the polymer segment quickly surpass its pre-pandemic levels with ubsequent quarters this year. SmarTech's quarterly advisory services reports track critical market metrics on an ongoing basis, and have since 2017, creating a database for subscribers to track trends and segment performance. The latest report touches on the continued expansion of the polymer powder bed fusion technology group which saw a very encouraging growth rate and is one of the leading technologies to shift the overall AM market into manufacturing opportunities.
From the Report
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SOURCE SmarTech Analysis