AM Press ReleasesIndustry AnalysisMoney & FundingTrends 2024

Additive Manufacturing Trend Report from 3D Hubs sees AM growing by 21% in 2020, despite COVID-19

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The Additive Manufacturing Trend Report 2021 from 3D Hubs revealed the additive manufacturing market grew by 21 percent in 2020, to a total of $12.6B, and is expected to continue to grow by 17 percent annually over the next three years.

The report found further evidence of market growth on an organizational level, with 65 percent of engineering businesses increasing their 3D printing usage in 2020 compared to the previous year. This growth is anticipated to continue into 2021, with the majority of engineering businesses (73%) predicting an increase in their 3D printing usage this year.

The Additive Manufacturing Trend Report 2021, includes insights from a survey conducted in February 2021 with 1,504 engineering businesses, and a systematic review of the news and market analyst reports.

Key findings include:

The additive manufacturing market is forecasted to more than double in size over the next five years, reaching a value of $37.2bn in 2026.

Limited accessibility to traditional manufacturing technologies accelerated additive manufacturing adoption in 2020 with 65 percent of engineering businesses increasing their usage of 3D printing compared to the previous year.

The application of additive manufacturing for functional end-use parts is rapidly progressing. 54 percent of engineering businesses increased their usage of 3D printing for functional end-use parts in 2020 and 30 percent of engineering businesses maintained their usage of 3D printing for functional end-use parts this year, showing that 3D printing should no longer be seen as a rapid prototyping technology only.

Barriers still remain that hold 3D printing adoption back. 38 percent of engineering businesses report price and 29 percent report part quality as the key factors that prevent them from utilizing 3D printing more.

This optimism for 3D printing growth is not restricted to 2020. In 2021, 73 percent of engineering businesses predict they will produce or source more 3D printed parts compared to 2020.

The full report is available to download for free from 3D Hubs.

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VoxelMatters is the online trade media portal published by 3dpbm, a leading marketing and market research firm specializing in the AM industry. 3dpbm also publishes the 3D Printing Business Directory, the AM Focus eBook series and the 3dpbm Research AM Market Reports. 3D Printing Media Network was founded with the goal to provide the latest industry news, insights and opinions to a global audience of professionals and decision makers.

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