AMPOWER REPORT 2024

Management
Summary
MANAGE ME NT S UMMARY

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 4,000 entries • Catalogue with more than 140 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
Polymer Feedstock market 9

Key facts and take-aways

1 Overall metal and polymer AM market size in 2023 at EUR 10.5 billion

2 Annual expected growth of 13.9 % per year until 2028

3 Total market to reach over EUR 20 billion in 2028

4 Part manufacturing services generate largest revenue share in 2028

5 Powder Bed Fusion continues to be the leading industrial AM technology

DATA BASIS FOR AMPOWER REPORT

Thorough coverage of AM market

with high share of primary data

Basis for the AMPOWER Report 2023 are over

300 personal interviews as well as secondary
research from publicly available sources.

The main source for the AMPOWER Report are
direct interviews with suppliers of Additive
Manufacturing equipment, Material and Part
Manufacturing services as well as Users of the
technology. 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 34,000.
Additional historical data and qualitative
information such as company reports, global
economical data and trading statistics was
used to describe the AM market most
accurately.
The AMPOWER forecast is derived by merging
the projections of buyers and suppliers of
Additive Manufacturing. While supplier can
forecast also towards new applications,
markets and industries, today's users add a very
precise perspective based on existing
manufacturing roadmaps.

Distribution of sources for the AMPOWER Report since 2019

5%
Secondary
sources

95 %
Primary
sources

3
ADDITIVE MANUFACTURING MARKET DEVELOPMENT

AM market will exceed revenue

of EUR 20 billion in 2028

The overall industrial Additive Manufacturing market, including

metal and polymer systems, materials, and part manufacturing
services, is valued at EUR 10.5 billion in 2023, with a projected
compound annual growth rate (CAGR) of 13.9 % until 2028.

In 2023, the global industrial metal and polymer
Additive Manufacturing market size reached
EUR 10.50 billion, encompassing equipment,
material, and part manufacturing service sales.
This represents a growth of 10.3% from 2022.
Overall, projections predict an annual growth of
13.9 % for the total market, which is expected to
generate revenues of EUR 20 billion in 2028.
This is a slight slowdown from past year’s
growth outlook of about 18 %. The slow growth
of equipment suppliers in both metal and
polymer sectors, at approximately 5% in 2023,
resulted in lower market revenue. However,
equipment suppliers especially from the APAC
region anticipate the market to rebound, with an
expected annual growth rate of about 16% until
2028.

Global metal and polymer Additive Manufacturing market

2020 to 2023 and forecast 2028 [EUR billion]

Part Manufacturing 20.20

Material
Equipment
CAGR
13.9%
10.3%

15.3% 10.50
9.53
8.33
7.17

Source: additive-manufacturing-report.com
© Copyright 2024, AMPOWER GmbH & Co. KG

2020 2021 2022 2023 2028

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 2023, metal Powder Bed Fusion systems
represent a share of 40 % of the sales revenue,
while polymer PBF is responsible for a little
more then 10 %.
While not all principles reach necessary
maturity to be industrialized and to make a
significant impact, the ever-lasting drive for
innovation continues. Consequently, the
number of Additive Manufacturing technologies
continuously increases. The numerous startups
play an important role to push technological
boundaries and commercialize innovative
solutions to enable wider use of AM.
However, in 2023, funding for 3D printing
startups experienced a significant decline as
worldwide venture capital became scarce.
Additionally, the overexaggerated claims made
by founders in the 3D printing industry are now
scrutinized more closely, as many former highly
valued startups still lack the profitability
promised years later.
Interestingly, for many startups in this field, a
new 3D printing technology is not the primary
objective; rather, it serves as a tool to realize
breakthrough applications.

Global metal and polymer Additive Manufacturing equipment

revenue by technology 2021 to 2023 and forecast 2028 [EUR billion]

Technology 13
Technology 12
Technology 11
Technology 10
Source: additive-manufacturing-report.com
© Copyright 2024, AMPOWER GmbH & Co. KG
Technology 9
Technology 8
Technology 7
Technology 6
Technology 5
Technology 4
Technology 3
Technology 2
Metal PBF (LB/EB)

2021 2022 2023 2028

5
MACHINE SALES FORECAST PBF

PBF equipment unit sales

missed projections

2023 predictions from both buyer and supplier have

not been met. For 2028, both still predict a slowdown
in growth compared to the years before.

Both, buyers and suppliers expected higher unit
sales for 2023, indicating the challenging
market environment as projections were
missed.
PBF productivity is on a continuous upswing.
Even entry-level systems with small platform
sizes now feature dual laser configurations,
significantly boosting output performance.
However, this can result in exaggerated
forecasts by users, who initially expected lower
production capacity and are content with their
systems for longer periods before considering
additional purchases. Interestingly, supplier
forecasts continue to align more closely with
user predictions and are relatively more
conservative compared to previous years.
Overall, the trend in metal AM leans towards
acquiring larger and more complex systems
that meet the needs of high-value industries,
which are often ideal verticals for metal AM.
Hence, the average unit sales price has been
increasing by approximately 15% annually since
2021.

Trend of metal PBF equipment sales 2018 to 2023 and

forecast 2028 [units]

Sold units
AMPOWER forecast
Supplier (Report 2023)
Supplier (Report 2024)
Supplier
Buyer (Report 2023) Forecast
Buyer (Report 2024) Report
2023
Forecast

Buyer
Forecast

Source: additive-manufacturing-report.com
© Copyright 2024, AMPOWER GmbH & Co. KG

2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028

6
LAUNCHER WAS AN EARLY ADOPTER OF ADDITIVE MANUFACTURING FOR LIQU ID
ROCKET ENGINE COMPONENTS. NOW OPERATING UNDER “VAST SPACE”, THE
LAUNCHER TEAM AIMS TO DEVELOP THE E -2 ENGINE AS THE WORLD'S HIGH EST
PERFORMANCE LIQUID ROCKET ENGINE FOR THE SMALL SATELLITE LAUNCH
VEHICLE CLASS BY INTEGRATING COOLING CHANNELS INTO THEIR CORE DE SIGN.
COURTESY OF VAST SPACE
MARKET DEVELOPMENTS BY INDUSTRY

Aviation and defense with

robust growth projections

The Aviation and Defense sectors have seen robust

growth of 30% over the past two years. The anticipated
increases of global Defense budgets in the next years
are expected to further drive adoption of AM in this field.

While Aerospace AM adoption is soaring, the
investments of the Automotive sector in AM
equipment has stagnated. While prototyping,
tooling, and support in production with jigs and
fixtures have found their place, the industry
lacks large-scale series applications to drive
further adoption. Further growth is only
expected, if high volume AM technologies such
as Binder Jetting will finally reach the required
industrial maturity to be suitable for
applications in the Automotive industry.
In the Dental industry, the adoption of AM
remains strong in both polymer and metal
segments, driven by the manufacturing of
customized applications. Examples include
printing molds for aligners and producing metal
dental restorations, showcasing the potential
for mass customization.
Steady growth can further be expected in the
Industrial sector, that makes use of a variety of
AM technologies and is projected to lead in
equipment spending in 2028.

Global metal and polymer Additive Manufacturing equipment

revenue by industry 2021 to 2023 and forecast 2028 [EUR billion]

Other Industries
Industry 12
Source: additive-manufacturing-report.com
© Copyright 2024, AMPOWER GmbH & Co. KG Industry 11
Industry 10
Industry 9
Industry 8
Industry 7
Industry 6
Industry 5
Industry 4
Industry 3
Industry 2
Automotive, Motorsports,
Trucks, Buses

2021 2022 2023 2028

8
POLYMER FEEDSTOCK MARKET

Sustainability is driving material

developments in polymer AM

Reducing the carbon footprint of polymer feedstock by

new manufacturing routes and recycling approaches has
been a major driver in the polymer AM sector in 2023

In 2023, the industrial polymer Additive
Manufacturing feedstock market in forms of
filament, resin and powder grew by over 12%. A
continuous growth is anticipated due to an
increasing system productivity and a growing
system base.
The largest footprint in the AM world is still
attributed to PA12 powder processed on
Powder Bed Fusion systems from 3DSYSTEMS,
EOS and HP. This usage of PA12 powder,
however, includes the excess powder need to
achieve a refresh rate of 20 % to 50 %. This need
for a high refresh rate causes PA12 to be of low
material efficiency. As it covers such a broad
spectrum with its properties, it is expected to
remain the go-to material in PBF technologies in
the future.
Within the powder-based technologies flexible
TPU material is increasing its share especially in
consumer goods and industrial use cases.

Polymer feedstock consumption 2021 to 2023 and forecast 2028 [ton]

Material 15
Material 14
Source: additive-manufacturing-report.com
© Copyright 2024, AMPOWER GmbH & Co. KG
Material 13
Material 12
Material 11
Material 10
Material 9
Material 8
Material 7
Material 6
Material 5
Material 4
Material 3
Material 2
ABS

2021 2022 2023 2028

9
TABLE OF CONTENT OF THE FULL REPORT

Table of content of the complete

AMPOWER Report

Metal Additive Manufacturing market numbers

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

10
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
• Online report with all data and figures directly accessible
• Global system, service and powder supplier database with more than 4,000 entries
• PDF report available

Leading AM Player trust AMPOWER

Read the full report today:

additive-manufacturing-report.com

About AMPOWER
AMPOWER is the leading strategy consultancy and
thought leader in the field of industrial Additive
Manufacturing. The company advises investors,
start-ups as well as suppliers and users of Additive
Manufacturing technology in strategic decisions,
due diligence investigations and provides unique
access to market intelligence. On operational level,
AMPOWER supports the introduction of Additive
Manufacturing through targeted training programs,
support in qualification of internal and external
machine capacity and technology benchmark
studies. The company was founded in 2017 and is
based in Hamburg, Germany, operating worldwide.
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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20095 Hamburg
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