The Wohlers Report 2024 shows metal Additive Manufacturing growth of 24.4%

April 3, 2024

Wohlers Associates has been tracking metal Additive Manufacturing machine segment for twenty-one years (Courtesy Wohlers Associates)
Wohlers Associates has been tracking metal Additive Manufacturing machine segment for twenty-one years (Courtesy Wohlers Associates)

Wohlers Associates, Inc., Fort Collins, Colorado, USA, powered by ASTM International, has announced the release of the Wohlers Report 2024. Published for twenty-nine consecutive years, the report is aimed at providing organisations worldwide with detailed guidance, perspective, and research results on the Additive Manufacturing industry.

Shipment of Additive Manufacturing systems for metal parts, as shown in the above graph, increased by 24.4% in 2023. An estimated 3,793 metal Additive Manufacturing machines were sold in 2023, compared to 3,049 in 2022. Meanwhile, the AM industry grew by 11.1% to $20.035 billion, an estimate based on hard data received from hundreds of companies worldwide.

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“Investors, government agencies, and organisations adopting AM are eager to know what will drive growth in the future,” shared Terry Wohlers, head of advisory services and market intelligence at Wohlers Associates. “Significant expansion will come from a much wider range of applications and demand for end-use parts. For this to occur, systems will become faster, reducing the production cost per part. A reduction in material pricing, due largely to competitive pressures, will lower costs further.”

Wohlers Report 2024 details how new materials and their qualification will contribute, especially to the aerospace, defence, healthcare, and energy sectors. The certification of new designs, coupled with industry standards, will also impact growth, according to the new report. Wohlers notes that as Additive Manufacturing machines and methods of post-processing improve, the industry will see new, robust solutions. These developments will change the equation when determining whether Additive Manufacturing fits a production application. Breakeven points will reportedly shift from thousands of parts to hundreds of thousands, and even millions for small parts.

The new report was supported by the extensive contribution of information and data from 245 organisations, including service providers, manufacturers of Additive Manufacturing systems, and third-party material producers. More than 110 people, including 100 experts from thirty-five countries, contributed to the Wohlers Report 2024. The report is said to draw on three decades of data and market intelligence work around the world.

Access the full report here.

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Extensive AM industry news coverage, as well as the following exclusive deep-dive articles:

  • Metal powders in Additive Manufacturing: An exploration of sustainable production, usage and recycling
  • Inside Wayland Additive: How innovation in electron beam PBF is opening new markets for AM
  • An end-to-end production case study: Leveraging data-driven machine learning and autonomous process control in AM
  • Consolidation, competition, and the cost of certification: Insight from New York’s AM Strategies 2024
  • Scandium’s impact on the Additive Manufacturing of aluminium alloys
  • AM for medical implants: An analysis of the impact of powder reuse in Powder Bed Fusion

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