The global additive manufacturing market accounts for $ 9.3 billion in 2018

While the company Materialise gave us some predictions for 2019 trends in additive manufacturing, the US firm SmarTech Publishing brings us the results for the past year. They say the additive manufacturing market generated $ 9.3 billion in 2018, an 18% increase from the previous year. These revenues include machinery, software, materials and services. The company took it even further with its forecasts stating; by 2027, the market is expected to exceed $ 41 billion.

In the end of the year period, the report of SmarTech Publishing is an opportunity to trace the highlights of this year. As well as opening up for announcing some trends for the next 10 years. There is strong growth ahead in the global additive manufacturing market. This regardless of industry and technology application cases. It is fairly easy to see that aerospace, health and automotive will remain key markets and that consumer goods and energy will be great opportunities for this market to focus on in the future.

There is growth in all segments of the additive manufacturing market

The additive manufacturing market in 2018

SmarTech Publishing made a quick assessment of the year 2018 and found that the market seems to have resumed an important element of its evolution namely a balanced growth. All market components progress and develop seamlessly, with common goals and solutions that meet all needs. The report focuses in particular on the growth of the two leaders, 3D Systems and Stratasys, which are showing positive results despite a highly competitive environment, particularly in the polymer segment. For example; the arrival of HP which has entered the market and taken important market shares. Polymeric additive manufacturing has reached nearly $ 5.5 billion this year alone.