AMPOWER REPORT 2023

Management
Summary
MA N A G E ME N T SUMMA R Y

THE INDEPENDENT MARKET & TECHNOLOGY SOURCE

Analytics of the international market size segmented by technology, industry, region and material
Covering all leading user industries • Supplier and user perspective • Representing more than 95% of the
installed system base • Global database of system, service and material suppliers as well as machines
with more than 2,400 entries • Catalogue with more than 100 industrial applications
Content

Data Basis for AMPOWER Report ….……………………………………………….……….……… 3

Additive Manufacturing market development ….…………………………………………… 4
Machine sales by technology ..………………………………………………………………………… 5
Machine sales forecast PBF ..…………………………………………………………………………… 6
Market development by industry ..…………………………………………….……………..……… 8

Key facts and take-aways

1 Overall metal and polymer AM market size in 2022 at EUR 9.5 billion

2 Annual expected growth of 17.7 % per year until 2027

3 Total market to reach over EUR 21 billion in 2027

4 Polymer part manufacturing supplier market three times larger than for metal parts

5 Powder Bed Fusion is leading industrial AM technology

DATA BASIS FOR AMPOWER REPORT

Thorough coverage of AM market

Basis for the AMPOWER Report 2023 are personal

interviews as well as secondary research from publicly
available sources.

The personal interviews were conducted
directly by AMPOWER staff. The respondents
were typically the respective Additive
Manufacturing managers or directors with
insight into the technological as well as
economical company figures. The total number
of data points of the AMPOWER Report 2023
data acquisition exceeds 32,900. Additional
historical data and qualitative information was
used to describe the AM market most
accurately.
5%
Secondary
sources
The system suppliers that contributed with
direct input represent more than 90 % of the
worldwide installed base of metal and polymer
Additive Manufacturing systems. Secondary
sources such as indirect data sources, press
releases, financial reports, etc. were used to
provide coverage of the remaining installed
machine base. The machine buyers, or users,
that contributed direct input for the report
represent 9 % and 3 % of the worldwide installed
base of metal and polymer Additive
Manufacturing systems, respectively.

95 %
Primary
sources

3
ADDITIVE MANUFACTURING MARKET DEVELOPMENT

AM market will exceed revenue

of EUR 20 billion in 2027

The overall industrial Additive Manufacturing market, including

metal and polymer systems, materials, and part manufacturing
services, is valued at EUR 9.53 billion in 2022, with a projected
compound annual growth rate (CAGR) of 17.7 % until 2027.

The industrial metal Additive Manufacturing
market grew by more than 20 % in 2022
narrowing the revenue gap with its polymer
counterpart. However, the polymer AM market
still generates more than twice the revenue.
Looking ahead, the metal market is projected to
grow at more than twice the rate of the polymer
market until 2027
The metal AM market alone was valued at more
than EUR 3 billion in 2022 and is expected to
have a CAGR of almost 30% until 2027, while
the polymer AM market is forecasted to grow at
a rate of about 13 % annually, starting at EUR
6.50 billion in 2022.

Global metal and polymer Additive Manufacturing market

2020 to 2022 and supplier forecast 2027 [EUR billion]

Part manufacturing supplier 21.58

Material
System
CAGR
17.7%
© Copyright 2023, AMPOWER GmbH & Co. KG

14.4%
Source: additive-manufacturing-report.com

16.2%
9.53
8.33
7.17

2020 2021 2022 2027

4
MACHINE SALES BY TECHNOLOGY

Powder Bed Fusion

predominant technology in AM

The number of Additive Manufacturing technologies

continuously increases. While not all principles reach necessary
maturity to be industrialized and to make a significant impact,
the ever-lasting drive for innovation continues.

In 2022, metal Powder Bed Fusion systems
represent a share of 40 % of the sales revenue,
while polymer PBF is responsible for less than
half of that.
In 2022 startups in 3D printing reported
increasing difficulty in attracting funding.
Despite many AM companies securing
significant funding in the past decade, startups
are now encountering more cautious investors.
In recent years, investors had a tendency to
believe the overly exaggerated growth
projections of startups seeking funding. Some
of these startups were able to make a big
impact and go public through a SPAC deal after
securing funding. However, the poor
performance of 3D printing companies on the
stock market often resulted in disappointment,
as the high expectations were not met.
AMPOWER believes that today's investors in
AM are increasingly prioritizing long-term
returns, which aligns better with the investment
targets' goals. This could be beneficial not only
for the startup but also for the industry as a
whole, which is searching for sustainable AM
solutions.

System sales revenue by technology 2022

Metal PBF (LB/EB)

Technology 2
Technology 3
Technology 4
Technology 5
Technology 6
Technology 7
Technology 8
Technology 9
Technology 10
Technology 11
Technology 12

Source: additive-manufacturing-report.com
© Copyright 2023, AMPOWER GmbH & Co. KG

5
MACHINE SALES FORECAST PBF

Aligned supplier and buyer outlook

indicate industrial maturity

Sold unit predictions of 2022 are aligned within

the spread of buyer and supplier predictions.
Equipment manufacturers outlooks in established
PBF supply chain are more conservative.

In 2022, the sold units of Metal PBF machines
coincides well with the predictions made in the
AMPOWER Report 2022 based on the buyer’s
forecast.
The PBF suppliers have overall adjusted their
growth expectations by one year and converge
towards the user’s believe for the forecast of the
AMPOWER Report 2023.
While the buyer's forecast shows a slightly
slower progression in the coming years
compared to the previous year, the outlook for
2026 and 2027 aligns, reinforcing the belief in
AM's potential in the future. However,
successful implementation of the technology
and scaling up production with increased
capacity and new machines will require time.

Trend of metal PBF system sales by technology

2018 to 2027 - supplier vs. buyer forecast [units]

Sold units
AMPOWER forecast
Supplier (Report 2022) Supplier
Forecast
Supplier (Report 2023)
Buyer (Report 2022) Report
2022
Buyer (Report 2023) Forecast

Buyer
Forecast

Source: additive-manufacturing-report.com
© Copyright 2023, AMPOWER GmbH & Co. KG

2018 2019 2020 2021 2022 2023 2024 2025 2026 2027

6
BG PROAIR TRAINING ADAPTER MANUFACTURED BY PBF IN PA12
THE DRÄGER BG PROAIR IS A POSITIVE PRESSURE CLOSED CIRCUIT
BREATHING APPARATUS WHICH IS USED BY FIRE FIGHTING AND
MINING RESCUE SERVICES FOR LONG DURATION MISSIONS.
COURTESY OF DRÄGER
MARKET DEVELOPMENTS BY INDUSTRY

Medical leads machine sales revenues

followed by Automotive and Industrial

In 2022, the medical industry remained the prime

customer for AM system suppliers. Although the
market share stayed constant at around 15%, the
increase in the overall market size led to a revenue
increase of EUR 380 million in 2022.

The Automotive and Industrial sectors were the
second-largest customer groups, with both
verticals increasingly using AM to support their
development teams and production lines.
However, Automotive is still struggling to find
suitable business cases for everyday vehicle.
Overall, AM systems are becoming increasingly
larger and complex. For example, the Chinese
vendor EPLUS3D's multi-laser metal Powder
Bed Fusion system EP-M1250 has a build
platform exceeding 1 meter. The multi-laser
systems from SLM Solutions NXG600 XII or
VELO3D’s Sapphire XC were installed at
customer sites for the first time in 2022.
But also users of polymer AM are in demand
larger and larger solutions. Multi-robot and
multi-printhead pellet-based polymer systems,
for example from Dutch startup CEAD now push
the size and productivity in setups of 40m in
length.

System sales revenue by industry 2022 [EUR billion]

Automotive, Motorsport, Trucks, Buses

Industry 2
Industry 3
Industry 4
Industry 5
Industry 6
Industry 7
Industry 8
Industry 9
Industry 10
Industry 11
Industry 12
Industry 13
Industry 14
Industry 15 Source: additive-manufacturing-report.com
© Copyright 2023, AMPOWER GmbH & Co. KG

8
Table of contents of the complete
Metal and Polymer report

Metal Additive Manufacturing market numbers

Market size • Polymer Filament ME • Nickel based alloys
• Part Manufacturing Supplier • Polymer Pellet ME • Titanium alloys
• Material Revenue • Vat Polymerization • Copper and bronze
• Equipment Revenue • Area-wise Vat Polymerization • Cobalt alloys
Market by region • Material Jetting • Photopolymer (Industrial)
• USA • Other • Photopolymer (Dental and
• Canada Market by industry vertical Medical)
• AMER others • Automotive, Motorsports, Trucks, • Other Thermoplastic
• Germany Buses • PC
• France • Civil Aviation, Turbines, • TPU, TPE
• United Kingdom Helicopters • ULTEM, PEI
• Italy • Defense • PEEK, PEKK
• Spain • Space • PPS, PPSU
• EMEA others • Medical • PET, PETG
• China • Dental • PLA
• Japan • Energy, Powerplants • PP
• India • Oil and Gas • PA12
• South Korea • Industrial • PA11
• Australia • Tooling, Molding • PA6
• APAC others • Rail and Naval • ABS
Market by Additive Manufacturing • Part manufacturing suppliers Degree of industrialization
technology • Research Institutions • System utilization per industry
• Metal PBF (LB/EB) • Consumer Goods • Share of Prototype and R&D
• LB/EB DED • Other • Share of Jigs / tools
• Arc DED Material market • Share of Molds
• Metal ME • Aluminum alloys • Share End parts and spare parts
• Metal BJT • Stainless steel alloys
• Polymer PBF • Tool steel alloys

General Additive Manufacturing developments and databases

• Technology maturity evaluation • Global system supplier database
• Investor's view • Global service supplier database
• Regional reports • Global powder supplier database
• Regional R&D reports • Global system database
• Industrial application database

Find the detailed table of content here:

additive-manufacturing-report.com

9
Insights Gained

The AMPOWER Report is the new reference for the Additive Manufacturing
industry. It provides a detailed view on the AM market and state of the AM
technologies. The AMPOWER Report shows the current market and
forecasts the developments expected in the next 5 years.

Features & Benefits

• Based on primary research data from over 300 personal interviews
• Over 100 figures and graphs of AM market data
• Application database with over 150 industrial applications
• System supplier data based on personal interviews representing over 90 % of the globally installed base
• Online report with all data and figures directly accessible
• Global system, service and powder supplier database with more than 2,400 entries
• Metal AM machine database with system properties
• PDF report available

Read the full report today:

additive-manufacturing-report.com

About AMPOWER
AMPOWER is the leading strategy consultancy and Manufacturing through targeted training programs
thought leader in the field of industrial Additive as well as identification and development of
Manufacturing. The company advises investors, components suitable for production. Further
start-ups as well as suppliers and users of 3D services include the setup of quality management
printing technology in strategic decisions, due and support in qualification of internal and external
diligence investigations and provides unique access machine capacity. The company was founded in
to market intelligence. On operational level, 2017 and is based in Hamburg, Germany.
AMPOWER supports the introduction of Additive
About the authors

Dr. Maximilian Munsch

Maximilian is a professional user of Additive Manufacturing since 2007.

After finishing his dissertation on reduction of residual stresses in metal
Additive Manufacturing in 2012, he acquired extensive hands-on experience
with different Powder Bed Fusion processes in regulated industry before co-
founding AMPOWER in 2017. As Managing Partner at AMPOWER, Max
focuses on data analysis, market intelligence and due diligence
investigations.

Matthias Schmidt-Lehr

Matthias successfully led multiple projects in Additive Manufacturing with

focus on business case and strategic development for AM users as well as
system and material supplier. With a history in management consulting, he
has a wide experience in business development, strategy development and
communication. At AMPOWER he led multiple projects concerning DED, BJT
and Metal FDM as well as a wide range of polymer AM technologies.

Dr. Eric Wycisk

Since 2008 Eric successfully supports OEMs from aerospace, medical and
automotive to identify Additive Manufacturing applications and implement
production capacities in their regulated environments. With a background in
topology optimization, titanium alloys and fatigue he is focused on achieving
the maximum part performance with the right AM technology. As Managing
Partner at AMPOWER, Eric focuses on technology evaluation and
benchmarking, AM material and part properties as well as sustainability.

Timo Führer

Timo joined the AMPOWER team in 2020. With a Master of science in the
field of production technology and management he combines profound
engineering know-how with an eye for economic correlations. In former
affiliations he has been intensively involved in Additive Manufacturing and
worked on numerous projects in research and consulting. At AMPOWER
Timo is leading the market and technology analysis as well as consulting
projects involving polymer based Additive Manufacturing..
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Read the full report today:
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