On June 9, 2024, Protolabs launched the 2024 edition of its yearly 3D Printing Trends Record, which offers 3D printing patterns and the future of 3D printing; painting a favorable image for the worldwide 3D printing sector, highlighting market development, community maturation, and new modern technology advancements.
(Protolabs Trends Report 3D Printing Market Growth and Forecast.Source: Protolabs)
The record, based upon vital market data and insights from greater than 700 engineering professionals, shows self-confidence in the additive manufacturing market. New mini and huge applications and the expanding possibility of 3D printing for end-use part production scale are reported to be driving this trend.
The 3D printing sector is said to be expanding 10.5% faster than anticipated. The market dimension is reported to grow at a compound annual growth rate of 21% to $24.8 billion in 2024 and is expected to get to $57.1 billion by the end of 2028.
This 3D printing market valuation is consistent with data from market intelligence firm Wohlers Associates, which predicts the marketplace will be worth $20 billion in 2024.
Furthermore, the report specifies that 70% of business will 3D print even more parts in 2023 than in 2022, with 77% of respondents citing the clinical market as having the greatest potential for effect.
“3D printing is currently securely established in the manufacturing market. The market is developing as it ends up being an extra widely utilized commercial production procedure. From design software program to automated manufacturing remedies to improved post-processing methods, this emerging environment reveals that increasingly more business are utilizing production-grade 3D printing,” according to the record.
Application of spherical tantalum powder in 3D printing
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