3D Printing
News Videos Newsletter Contact us
Home / News / AM Research Reports 8.4% Year-Over-Year Growth in Additive Manufacturing for Q2 2024
qidi

AM Research Reports 8.4% Year-Over-Year Growth in Additive Manufacturing for Q2 2024

October 3, 2024

Additive Manufacturing Research (AMR) has published its Q2 2024 data and forecast, showing an 8.4% year-over-year growth in the additive manufacturing (AM) industry. Despite this growth, total market activity saw a slight decline, dropping from $3.47B in Q1 to $3.45B in Q2. However, the growth in AM services helped offset this decrease, with services contributing $1.87B in Q2, marking a 12% year-over-year increase.

AM Research Reports 8.4% Year-Over-Year Growth in Additive Manufacturing for Q2 2024
Image Credit: Additive Manufacturing Research<br />

Metal AM Market Shows Resilience Despite Decline in Machine Sales

The metal additive manufacturing market, which includes machines, materials, and services, totaled $1.4B in Q2 2024. This represents a 10.0% year-over-year growth despite a 2.2% decline in machine sales. Directed Energy Deposition (DED) technology was the only metal AM category to see year-over-year growth, driven by increased use of wire-based DED and the expanded application of powder DED for coating components like brake rotors.

According to Scott Dunham, EVP of AM Research, the industry has faced challenges, particularly in hardware sales, due to higher interest rates that have persisted since early 2023. “Most publicly traded AM companies have struggled, especially on the hardware side amidst increased interest rates,” Dunham noted. However, he highlighted that the utilization of installed AM equipment is at an all-time high, providing optimism for the future.

Optimism for Hardware Growth in 2025

AM Research is cautiously optimistic about the prospects for the AM hardware market in 2025, forecasting a potential 30% growth. This prediction is based on expected easier comparisons from the low levels seen this year and potential decreases in interest rates in the coming year.

Companies covered in AMR’s Core Metals and Core Polymers data, as well as its 3DP/AM Market Insights report, include major industry players like 3D Systems, Stratasys, Markforged, Desktop Metal, Velo3D, Nikon SLM Solutions, and EOS. Other notable contributors include GE Additive, Farsoon, and Carbon, alongside several Chinese providers such as BLT.

Despite challenges, the AM industry continues to evolve, with growth in service applications and utilization rates pointing toward a strong future for additive manufacturing technologies.
The full report is available for purchase here.

Share:
WhatsApp Twitter Facebook LinkedIn Buffer Reddit E-mail
Join our newsletter

Our newsletter is free & you can unsubscribe any time.

Latest posts

ETH Zurich 3D Prints Recycled Plastic Structure for Swiss Ice Cream Shop

ETH Zurich students have completed a 3D-printed ice cream shop in the Swiss Alpine village of Mulegns. The project, called Gelateria, was designed... read more »

Construction
ETH Zurich 3D Prints Recycled Plastic Structure for Swiss Ice Cream Shop

Hugo Launches 3D Printed Loafers with Zellerfeld

Hugo, the younger brand under Hugo Boss, has partnered with 3D printing company Zellerfeld to create a fully 3D-printed loafer. The shoe is... read more »

Fashion
Hugo Launches 3D Printed Loafers with Zellerfeld

3D Printed Resin Combines Rubber Flexibility with Plastic Strength, Surprising Scientists

Researchers at the University of Texas at Austin have developed a 3D printing method that can create objects with both soft and hard... read more »

News
3D Printed Resin Combines Rubber Flexibility with Plastic Strength, Surprising Scientists

LPE Supports Queen’s Propulsion Laboratory with 3D Printed Rocket Engine Chamber

Students at Queen's University Belfast have developed what they describe as Ireland's first student-built liquid rocket engine. The Kelvin Mk.1, named after Belfast-born... read more »

3D Printing Metal
LPE Supports Queen’s Propulsion Laboratory with 3D Printed Rocket Engine Chamber

Dassault Systèmes and Patrick Jouin Unveil New 3D Printed Chair

Dassault Systèmes and French designer Patrick Jouin have unveiled Ta.Tamu, a 3D-printed chair developed using the company's 3DEXPERIENCE platform. The project represents a... read more »

News
Dassault Systèmes and Patrick Jouin Unveil New 3D Printed Chair

Endemic Architecture Debuts 3D Printed Homes in Rural California

A development of five 3D-printed homes called Corduroy Castles is currently under construction in Olivehurst, California, a rural town in Yuba County located... read more »

Construction
Endemic Architecture Debuts 3D Printed Homes in Rural California

3D Printed Replica of a 500-year-old Prosthetic Hand Hints at Life of a Renaissance Amputee

Researchers at Auburn University are using 3D printing technology to recreate Renaissance-era prosthetic devices, providing new insights into historical amputee experiences. The interdisciplinary... read more »

News
3D Printed Replica of a 500-year-old Prosthetic Hand Hints at Life of a Renaissance Amputee

United Utilities Expands 3D Printing for Water Infrastructure Operations

United Utilities is incorporating 3D printing technology into its operations following the completion of a two-year Water Industry Printfrastructure project. The initiative, funded... read more »

News
United Utilities Expands 3D Printing for Water Infrastructure Operations

Social

  • Facebook Facebook 3D Printing
  • Linkedin Linkedin 3D Printing
Join our newsletter

Our newsletter is free & you can unsubscribe any time.

Featured Industries

  • Automotive
  • Aerospace
  • Construction
  • Dental
  • Environmental
  • Electronics
  • Fashion
  • Medical
  • Military
  • Snapmaker Artisan Premium 3-in-1

    • - Print size: 400 x 400 x 400 mm
    • - comes with enclosure
    More details »
    $2,999.00 Snapmaker
    Buy Now
  • QIDI Plus4

    • - Print size: 305 x 305 x 280 mm
    • - print temperature of 370°C
    More details »
    $799.00 QIDI Store
    Buy Now
  • QIDI Tech X-Max 3

    • - Print size: 325 x 325 x 315 mm
    • - fully enclosed
    More details »
    $799.00 QIDI Store
    Buy Now
  • QIDI Tech Q1 Pro

    • - Print size: 245 x 245 x 245 mm
    • - 600mm/s max speed
    More details »
    $449.00 QIDI Store
    Buy Now

Company Information

  • What is 3D Printing?
  • Contact us
  • Join our mailing list
  • Advertise with us
  • Media Kit
  • Nederland 3D Printing

Blog

  • Latest News
  • Use Cases
  • Reviews
  • 3D Printers
  • 3D Printing Metal

Featured Reviews

  • Anycubic Photon Mono M5s
  • Creality Ender 5 S1
  • The Mole 3D Scanner
  • Flashforge Creator 3 Pro

Featured Industries

  • Automotive
  • Aerospace
  • Construction
  • Dental
  • Environmental
  • Electronics
  • Medical
  • Military
  • Fashion
  • Art
2025 — Strikwerda en Dehue
  • Home
  • Join our mailing list
  • Contact us
Blog
  • Latest News
  • Use Cases
  • Reviews
  • 3D Printers
  • 3D Printing Metal
Featured Industries
  • Automotive
  • Aerospace
  • Construction
  • Dental
  • Environmental
  • Electronics
  • Medical
  • Military
  • Fashion
  • Art
Company Information
  • What is 3D Printing?
  • Contact us
  • Join our mailing list
  • Advertise with us
  • Media Kit
  • Nederland 3D Printing