Wohlers Associates, Inc. has reported that revenues from the production of parts for final products now represent 34.7% of the entire market for Additive Manufacturing (AM). The Wohlers Report 2014 shows that this market segment has increased from less than 4% in 2003 to more than one-third of total revenues from AM products and services worldwide.
The use of AM for this sector is stated to have grown by 65.4% in 2013 to an estimated $1.065 billion, up from $643.8 million the prior year.
“We are seeing companies push the limits of Additive Manufacturing to new levels and apply the technology in entirely new ways,” stated Terry Wohlers, President of Wohlers Associates and a principal author of Wohlers Report 2014.
“Through investment, hard work, and determination, companies in aerospace, medical, dental, and other industries are finding ways to use AM to produce quality parts,” added Wohlers.
The 276-page Wohlers Report 2014 includes 35 charts and graphs, 60 tables, and 248 images and illustrations. The report was created with support from 82 service providers, 29 system manufacturers, and the valuable contributions of 70 co-authors in 24 countries. The 2014 edition marks the 19th consecutive year of its publication.