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Additive Manufacturing for General Industry and Tooling Market to Reach $5.48 Billion in 2029

By SmarTech Analysis Press Release

CROZET, Va. – SmarTech Analysis, a provider of industry analysis and market consulting services to the additive manufacturing industry, has issued a new report on the additive general industry and tooling market. The study reports the growing adoption of AM technologies by key equipment manufacturers, industrial parts suppliers and AM service providers catering to the general industry and tooling sector. The report found that total revenue generation associated with the additive general industry and tooling market will reach $5.48 billion in 2029, including a $1.6 billion yearly revenue opportunity from AM hardware sales.

For more details on the report, “Market Opportunities for Additive Manufacturing in the General Industry and Tooling Sector-2020-2029” including a table of contents and sample, click here

This report on additive manufacturing in the general industry and tooling sector features data-driven analysis on the past, present and future characteristics of the industry and the revenue generating opportunities that result from it.

The study provides an assessment of the overall AM opportunity for the general industry and tooling sector, involving both existing and emerging metal and polymer AM processes that will see increased adoption over the 10-year forecast period. This includes leading polymer and metal AM processes used for prototyping, tooling and end parts along with emerging high-throughput technologies such as large-scale continuous vat photopolymerization and metal binder jetting techniques.

Highlights of the report include:

  • Industrial manufacturers are increasingly looking to digitize their supply chains. As general industry and tooling stakeholders turn toward increased automation and digitization, AM will become increasingly adopted.
  • Use of AM for general industry is already well developed and will continue along the standard adoption path associated with AM in other industries, with companies first deploying the technology for prototyping, followed by the fabrication of tooling, and then moving into production.
  • Polymer AM will play a leading role in the general industry and tooling sector, due to its already large install base for prototyping and the production of jigs and fixtures; however, new, lower-priced material extrusion systems capable of printing with high-temperature, high-performance plastics will further spur this growth, as well. So, too, will the increased adoption and development of continuous DLP vat photopolymerization and high-throughput polymer powder bed fusion technologies. Total revenues for polymer extrusion 3D printers are projected to reach $722 million by the end of the forecast period.
  • Metal AM, including both hardware and materials, will grow at a rapid pace as the technology is used for the production of molds and, increasingly, end parts. At $557 million annually by 2029, metal PBF represents the largest revenue opportunity for metal AM hardware due to the cost of technology.
  • 3D-printed molds and dies will play a unique role in the general industry and tooling sector, as mold and die manufacturers are becoming pathways for introducing AM technology to the broader sector, as well as the benefits AM brings to the production of molds and dies, such as conformal cooling, topology optimization, and repairs and upgrades using 3D-printed inserts.

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