Additive Manufacturing Industry Grew 23 Percent in 2022

The fourth quarter of 2022 capped a strong year for additive manufacturing markets, according to SmarTech Analysis. Even in the face of uncertain economic conditions, the growth rate for all 3D printing hardware, materials, software and services is estimated to be 23% (to $13.5 billion) for 2022 compared to 2021. Specific to Metals, the market grew 25%, to $4.9 billion. Specific to Polymers, the market grew 20%, to $7.3 billion. Software, the faster growing segment, totaled $1.2 billion in 2022, while the additive manufacturing Services market totaled $6.0B.

Beyond the annual data, the report also provides numbers for Q4 2022. The fourth quarter saw the lowest year over year growth of any quarter of 2022, but still managed over 16% total growth over the same period in 2021.

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