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Additive Manufacturing Market Resumes Growth, Driven by the Defense Sector

AMPOWER is an additive manufacturing consultancy dedicated to accelerating the adoption of 3D technologies worldwide. The company regularly publishes market studies and reports that shed light on the 3D printing industry. It has just unveiled its latest project, which analyzes&he

Additive Manufacturing Market Resumes Growth, Driven by the Defense Sector
3Dnatives

AMPOWER is an additive manufacturing consultancy dedicated to accelerating the adoption of 3D technologies worldwide. The company regularly publishes market studies and reports that shed light on the 3D printing industry. It has just unveiled its latest project, which analyzes the sector as a whole, by technology, region, materials in 2024, potential market growth and latest trends.

It probably should come as no surprise, but AMPOWER states that the sector grew by just 2% in 2024, with the polymer and metal segments valued at over 10 billion euros. Interestingly, however, defense is one of the few sectors to record an increase in equipment sales. In the current geopolitical context, this is less surprising and raises a few questions. But what are all these trends? How will the market bounce back?

AMPOWER

Global market for metal and polymer additive manufacturing from 2020 to 2024 and forecast for 2029 (photo credits: AMPOWER)

First, it is important to say that 2024 has been a complicated year for not just additive manufacturin,g but also for industry in general. Therefore, it is perhaps not surprising that the market only recorded 2% growth. And there is still much to be positive about: AMPOWER forecasts annual growth of 13% per year until 2029, to reach a value of 20 billion euros in terms of sales of machines, materials and 3D printed parts.