Leading analytical company SmarTech Analysis, specializing in, inter alia, in a study of the 3D printing market, has published a new market report describing the first quarter of this year. According to the company’s analysts, the value of the 3D printing market grew to $ 3 billion in the first quarter of 2022, an increase of + 27% compared to the same period last year.

At the same time, SmarTech predicts that if the additive manufacturing industry manages to respond appropriately to the emerging global inflation as well as global supply chain disruptions, the market for 3D printers, materials and related services could generate $ 12 billion by the end of the year. This will be an increase of $ 1.5 billion compared to the previous year.

SmarTech claims that the sector of professional, industrial 3D printing has grown by as much as + 40% compared to the first quarter of 2020, the time when the entire global economy was struggling with the economic collapse caused by the C19 pandemic. Such great growth is the result of manufacturing companies switching to additive manufacturing in the face of a collapse in the supply chain. Interestingly, the company notes that the 3D printing industry is no longer developing in the same way as in the past and the current revenue growth is unlike previous cycles.

Generally, this change was caused not so much by some significant technological progress in the area of ​​incremental methods, but by the increased interest of companies in 3D printing as such. More and more companies are convinced of the effectiveness of 3D printers and simply successively expand their machine parks and extend them to new additive technologies. Of course, the fact that 3D printers are more efficient and stable than 5-10-15 years ago also contributed to the increase in demand. A very important factor is also the improved software for conducting comprehensive additive production, combined with remote workflows, in accordance with the assumptions of Industry 4.0.

Source: www.smartechanalysis.com via www.3dprint.com
Photo: Pixabay.com

Paweł Ślusarczyk
CEO of 3D Printing Center. Has over 15 years' experience in buisiness, gained in IT, advertising and polygraphy. Part of 3D printing industry since 2013.

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