---
title: "VoxelMatters reveals additive manufacturing industry generated $12.3 Billion in 2024"
url: https://www.voxelmatters.com/voxelmatters-reveals-additive-manufacturing-industry-generated-12-3-billion-in-2024/
date: 2025-07-09
modified: 2025-07-08
lang: en
author: "Davide Sher"
description: "At VoxelMatters, we are proud to announce the pre-sale release of our most comprehensive market analysis to date: the AM Market 2025 report. With over 550 pages of in-depth insights..."
categories:
  - "3D Printer Hardware"
  - "3D Printing Processes"
  - "3D Printing Service Providers"
  - "Additive Manufacturing"
  - "AM Industry"
  - "AM Industry Analysis and Market Data"
  - "Money & Funding"
tags:
  - "Featured"
image: https://www.voxelmatters.com/wp-content/uploads/2025/07/VoxelMatters-AM-Market-Report-2025-Spread-1-640x386.jpg
word_count: 998
---

# VoxelMatters reveals additive manufacturing industry generated $12.3 Billion in 2024

At VoxelMatters, we are proud to announce the pre-sale release of our most comprehensive market analysis to date: [the AM Market 2025 report](https://www.voxelmatters.report/product/additive-manufacturing-market-report-2025/). With over 550 pages of in-depth insights and a robust 10-year forecast, this study delivers a complete overview of the additive manufacturing industry’s current status and future trajectory. According to our latest findings, the global AM industry—encompassing hardware, materials, and services—generated nearly $12.3 billion in revenue in 2024. We forecast that this figure will grow significantly to $108 billion by 2034, supported by a strong compound annual growth rate of 24.4%.

This report marks the culmination of VoxelMatters' market research strategy, which began with the establishment and launch of our [directory of AM companies in 2013](https://www.voxelmatters.directory). Before releasing a comprehensive report on the entire AM industry, we started analyzing market data in 2021 by focusing on specific core AM material segments ([Polymers](https://www.voxelmatters.report/product/polymer-am-market-2025/) and [Composites](https://www.voxelmatters.report/product/composites-am-2024/), [Metals](https://www.voxelmatters.report/product/metal-am-market-2025/) and [Ceramics](https://www.voxelmatters.report/product/ceramic-am-market-2025/)), which we explored in great depth down to specific AM technologies and materials. We then proceeded to analyze AM product revenues and internal part production within some of the key vertical adoption segments (starting with [Aerospace](https://www.voxelmatters.report/product/aerospace-am-2024/) and [Consumer Products](https://www.voxelmatters.report/product/consumer-products-am-2024/)). Comparing (and periodically re-comparing) data to this level of fragmentation has enabled us to achieve the highest level of accuracy when quantifying the entire core AM industry in this latest market report.

![Explore the VoxelMatters additive manufacturing market report 2025 and uncover industry insights that predict substantial growth and revenue.](https://www.voxelmatters.com/wp-content/uploads/2025/07/VoxelMatters-AM-Market-Report-2025-Spread-2.jpg)Hardware led the market with $5.5 billion in revenue, followed by $4.3 billion from services and $2.4 billion from materials.

The 2024 results paint a picture of an industry that is both dynamic and increasingly mature. Hardware led the market with $5.5 billion in revenue, followed by $4.3 billion from services and $2.4 billion from materials. This reflects continued investment in AM systems and a rapidly expanding services segment that is meeting the growing demand for end-use part production. While polymer AM still leads in overall market value, metal AM is increasing more rapidly, and ceramic AM, though still in its early stages, recorded the highest year-on-year growth. These developments highlight the varied and evolving paths of each material segment within the broader AM ecosystem.

In this edition, we focus specifically on core AM industry revenues. However, we recognize that a substantial amount of value is generated through internal part production by vertical end-users. While difficult to quantify, this component is essential to understanding the broader impact of AM. That’s why we address these dynamics in our [specialized vertical market reports](https://www.voxelmatters.report/research-category/reports/verticals/), which complement the data and insights presented here.

Our report provides a detailed breakdown of all key additive manufacturing technologies. We delve into material extrusion, vat photopolymerization, powder bed fusion, binder and material jetting, directed energy deposition, bound material processes, and consolidation technologies. Each technology is analyzed in terms of material compatibility, adoption trends, and scalability. This helps us paint a complete picture of how each process contributes to the industry's transformation—from early-stage prototyping to large-scale, high-throughput production.

![Explore the VoxelMatters additive manufacturing market report 2025 and uncover industry insights that predict substantial growth and revenue.](https://www.voxelmatters.com/wp-content/uploads/2025/07/VoxelMatters-AM-Market-Report-2025-Spread-3.jpg)The report provides a detailed breakdown of all key additive manufacturing technologies.

But we didn’t stop at hardware. We also examine essential components of the AM value chain such as software integration, post-processing, and design for additive manufacturing (DfAM). These functions play a critical role in ensuring consistent quality, cost-efficiency, and the ability to scale production, especially as more companies integrate AM into their serial manufacturing operations.

From a materials standpoint, our analysis reveals shifting dynamics across polymers, metals, and ceramics. Polymer AM remains the largest and most widely adopted segment, thanks to its flexibility and broad range of applications from prototyping to final part production. However, the market is undergoing a period of consolidation. Companies like BASF, Braskem, and Covestro are reevaluating their positions, while others such as Arkema and Syensqo are doubling down on investments in high-performance materials.

Metal AM is maturing rapidly, driven by strong demand in aerospace, energy, and healthcare. While powder bed fusion remains the dominant technology, alternatives such as wire arc additive manufacturing, binder jetting, and cold spray are gaining traction. Material suppliers like ATI, Sandvik, and Carpenter Additive continue to invest in high-value powders, though some are pulling back from services due to profitability and scalability challenges.

![Explore the VoxelMatters additive manufacturing market report 2025 and uncover industry insights that predict substantial growth and revenue.](https://www.voxelmatters.com/wp-content/uploads/2025/07/VoxelMatters-AM-Market-Report-2025-Spread-4.jpg)Our comparative analysis reveals shifting dynamics across polymers, metals, and ceramics.

Ceramic AM, although still the smallest in total revenue, saw the fastest growth in 2024. This segment is emerging as a powerful solution for applications that require exceptional resistance to heat and chemicals, particularly in the aerospace, semiconductor, and advanced tooling industries. The market is heavily driven by hardware innovation, especially in stereolithography and binder jetting systems. Companies such as Lithoz, 3DCERAM, and Schunk are leading the way with groundbreaking technologies and materials.

What sets our AM Market 2025 report apart is our holistic, comparative approach. We’ve built upon our previous deep-dive studies in polymer, metal, and ceramic AM to offer a unified view of how each material category contributes to the broader manufacturing ecosystem. The report offers a side-by-side analysis of technologies, services, and materials, providing stakeholders with a nuanced understanding of where opportunities lie.

Our dataset—built on more than 268,000 verified data points—includes 205 detailed charts and tables. We’ve identified and analyzed a total of 1,541 companies, comprising 409 hardware manufacturers, 356 material suppliers, and 776 service providers. The companies featured in this report represent a cross-section of the global AM market, from industry leaders to promising innovators.

This study is not just a tool for benchmarking. It is a strategic guide for companies looking to enter the additive manufacturing space and for OEMs seeking to adopt AM technologies for production. For investors, it offers clarity on which segments are poised for disruption and where the next breakthroughs in digital manufacturing will emerge.

With the [AM Market 2025 report](https://www.voxelmatters.report/product/additive-manufacturing-market-report-2025/), we reaffirm our commitment to delivering the most complete, accurate, and actionable market intelligence in the additive manufacturing industry. To explore the full scope of our findings or to access this critical report, we invite you to visit VoxelMatters Research.