Additive manufacturing projected global market growth 2020-2026

Between 2020 and 2023, the global additive manufacturing market is expected to grow by some 17 percent annually. Although the 3D printing materials market is currently dominated by plastics, metal materials are projected to spur market growth.

Global additive manufacturing market size

3D technology is predicted to be a highly disruptive force within the global manufacturing industry. The global additive manufacturing market is expected to shift from prototyping to mass production of parts and accessories. By 2030, it is predicted that additive manufacturing technologies will enable companies to produce finished products on a large scale. In the era of additive manufacturing, it is no longer necessary to use welding machines to fuse steel sheets or to employ cutting machines to mill components, as the job is done by industrial 3D printers. These marvelous machines are produced by the likes of Stratasys, 3D Systems, and EOS.

Global additive manufacturing market outlook

The rising number of application areas is expected to drive industry revenue, with the production of tooling components and patterns for metal castings being the most promising fields of growth. The market for additive manufacturing products and services is predicted to almost triple between 2020 and 2026.