The worldwide market for additive manufacturing reached some 8.8 billion U.S. dollars worldwide in 2017. The demand for environmentally friendly manufacturing is expected to drive additive manufacturing and 3D printing as a method of production. By building products layer by layer, rather than forging or casting, raw materials are used more efficiently.
The rise of metal materials
Most 3D printing uses polymers, such as PLA to create plastic objects. That said, the range of printable materials is growing, and metal additive manufacturing has started seeing widespread adoption. Metal additive manufacturing may account for a quarter of the additive manufacturing market by 2022.
Applications for additive manufacturing
Additive manufacturing enables the creation of highly complex objects and has become increasingly favored in manufacturing and construction. Much of additive manufacturing is used for prototyping architecture and motor vehicles, while computer numerical control machines are expected to continue dominating high-volume discrete manufacturing. However, increased printing speed and lower costs have paved the way for 3D-driven functional parts manufacturing.
Value of the additive manufacturing market worldwide between 2017 and 2024
(in billion U.S. dollars)
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Deloitte. (February 28, 2019). Value of the additive manufacturing market worldwide between 2017 and 2024 (in billion U.S. dollars) [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/261693/3d-printing-market-value-forecast/
Deloitte. "Value of the additive manufacturing market worldwide between 2017 and 2024 (in billion U.S. dollars)." Chart. February 28, 2019. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/261693/3d-printing-market-value-forecast/
Deloitte. (2019). Value of the additive manufacturing market worldwide between 2017 and 2024 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/261693/3d-printing-market-value-forecast/
Deloitte. "Value of The Additive Manufacturing Market Worldwide between 2017 and 2024 (in Billion U.S. Dollars)." Statista, Statista Inc., 28 Feb 2019, https://www.statista.com/statistics/261693/3d-printing-market-value-forecast/
Deloitte, Value of the additive manufacturing market worldwide between 2017 and 2024 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/261693/3d-printing-market-value-forecast/ (last visited November 21, 2024)
Value of the additive manufacturing market worldwide between 2017 and 2024 (in billion U.S. dollars) [Graph], Deloitte, February 28, 2019. [Online]. Available: https://www.statista.com/statistics/261693/3d-printing-market-value-forecast/
