AMPOWER Report 2022 shows Additive Manufacturing growth
March 16, 2022
Management consultancy AMPOWER, Hamburg, Germany has published the 4th edition of its annual market report for industrial Additive Manufacturing. The AMPOWER Report 2022 analyses global industry developments in 2021 and provides an outlook for the next five years.
AMPOWER noted a recovery of the Additive Manufacturing market in the second year of the pandemic, with the global metal and polymer Additive Manufacturing market valued at €8.33 billion in 2021, with year-on-year growth of more than 16%.
The Additive Manufacturing facilities of part manufacturers were mostly back to full capacity after a slow 2020, and suppliers were able to make up for business they had lost. This upward trend, beginning in late 2020, continued well into 2021, despite the continuous economic challenges existing around the world.
Ongoing supply chain disruptions are suspected to have prevented an even stronger growth. System suppliers, faced with increasing demand, suffered from shortages of certain critical parts and the lead times of some machines increased significantly.
“Today, Powder Bed Fusion machines make the majority of sales but, in the coming five to ten years, new technologies are growing at a faster pace, promising significant productivity increases” stated Dr Maximilian Munsch, co-author of the report and Managing Partner of AMPOWER.
The report is based on over 300 personal interviews conducted by the company, and the total number of data points of the AMPOWER Report 2022 data acquisition exceeds 23,600. The surveyed machine suppliers cover over 90% of the system base installed worldwide and, in addition to suppliers, particular emphasis is placed on interviewing users to enable a demand-oriented evaluation of future market developments.
The report is available in full here. In addition to the market analysis, the report also contains articles from guest authors who discuss the development of the Additive Manufacturing market in individual regions.