What is the Forecast of Additive Manufacturing by 2022?

Arizton – Advisory and Intelligence is an American consulting firm that recently published a study on the global outlook and forecasts for additive manufacturing. Following the recent Gartner Report, the report provides a global view of the market in terms of the actors involved, growth drivers, dynamics, etc. It also shows some trends: the additive manufacturing market is expected to reach $11 billion by 2022 with a compound annual growth rate of 27% from 2016 to 2022. With how additive manufacturing is growing, there are now several university degrees for additive manufacturing too. This is shown as it has expanded into industries such as maritime, in the military, and more.

The Main Players

3D Systems, Stratasys and EOS GmbH are market leaders. International actors should assert their authority in the market, thus increasing competition with regional sellers who will find it increasingly difficult to cope with them. Arizton plans to buy smaller players from larger players. According to the report, competition will be based solely on features such as quality, quantity, technology, services offered and price. This competition will be further intensified with the development of new innovations.

The impact of additive manufacturing by 2025 by sector

Other key market players include ARC Group Worldwide, Arcam (GE), Beijing Tiertime Technology, Carbon, Laser Concept (GE), Cookson Precious Metals, EnvisionTEC, General Electric, Gorge Group, Höganäs, Koninklijke, Markforged, Mcor Technologies, Nano Dimension, Optomec, Renishaw, SLM Solutions Group, taulman3D, The ExOne Company, Ultimaker, Voxeljet, XYZprinting. The United States would retain 38% of the market share.