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Additive Manufacturing Industry Verticals Service (Automotive, Aerospace, Consumer, Dental, Energy, Industrials, Medical, Oil and Gas, Service Bureaus)
|Additive Manufacturing Industry Verticals Service (Automotive, Aerospace, Consumer, Dental, Energy, Industrials, Medical, Oil and Gas, Service Bureaus)|
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The market for additive manufacturing technologies and services continued a robust recovery in the third quarter of 2021 according to SmarTech Analysis, with metals expanding about 18 percent compared to 2020 and polymers expanding about 12 percent. The nine month expansion rate for all additive hardware, materials, and outsourced services is estimated to be 15 percent for the first three quarters of 2021 compared to the same period in 2020. Nine month revenues in 2021 grew about 2 percent over pre-pandemic levels as well. SmarTech has big expectations for the fourth quarter of 2021 with the fourth quarter historically being the biggest of the industry's collective calendar year in terms of revenues.
The latest advisory reports detail macroeconomic trends are setting the market up for big things in 2022, although most competitors are observing caution given the unusually high number of uncertainties that still linger, including supply shortages, inflation, and energy related challenges in China. SmarTech's quarterly advisory services reports track critical market metrics on an ongoing basis, and have since 2017, creating a database for subscribers to track trends and segment performance. The latest report details some of the implications as well as the ongoing recovery and growth drivers.
The SmarTech Additive Manufacturing Research & Advisory Service is the industry's premier analyst service for companies looking to maximize their success in the market. Spanning the full value chain of the AM industry, our broad and customizable advisory service offerings allow stakeholders to stay informed during the key evolutionary years of the rapidly developing additive market through regularly updated forecasts, analyses of key market and technology trends and company announcements and access to tier one market analysts, SmarTech's services are used by leading companies all over the world.