Crozet, VA: SmarTech Publishing, the leading provider of industry analysis and market forecasting data to the additive manufacturing industry, has published in its latest study that addresses the polymer material extrusion market. This material extrusion (commonly known by the Stratasys trade name FDM) will generate the most revenues in polymer 3D printing hardware used in professional and industrial environments through at least 2024. By 2027 the polymer material extrusion market of non-hobbyist and consumer users will generate $2.2B in printer and hardware sales alone.
The report titled, “Polymer Material Extrusion Additive Manufacturing Technology Markets”is the first of four deep dive market research studies on the primary polymer 3D printing technology markets to be released by SmarTech, each focusing on one of the major polymer 3D printing technologies, which are all developing into independent market opportunities with unique strengths, weaknesses, and opportunities.
More details about the report can be found at https://www.smartechanalysis.com/reports/polymer-material-extrusion/
About the Report:
This report is released as a standalone deep dive analysis for polymer material extrusion 3D printing, and is accompanied by the release of other reports from SmarTech Publishing on individual polymer 3D printing technologies including powder bed fusion, vat photopolymerization, and jetting methods of binder and material jetting. While a fully featured, market wide market analysis report from SmarTech Publishing was also released earlier this year, this report focuses specifically on the issues, challenges, opportunities, and growth of material extrusion 3D printing in the professional and industrial use environment. The report features a wealth of technology-specific data focused on identifying both hardware and material opportunities, including printer shipments and revenues, installations, material shipments by polymer class, and resulting material sales revenues.
From the Report:
• In 2017, material extrusion 3D printing technology generated the greatest amount of revenues for 3D printers used in professional and industrial printing environments, more than other polymer printing processes such as powder bed fusion and vat photopolymerization. About 70 percent of those revenues were associated with low cost desktop and prosumer extrusion printers. This segment features printers ranging from lower end Stratasys products like the Mojo, uPrint, and F170, to the entire product range of companies like Ultimaker, Aleph Objects, Leapfrog, Zortrax, and many more.
• From a competitive standpoint, material extrusion 3D printing technology is still mostly controlled by a single company (Stratasys); however, the dynamics of the market continue to change significantly over the last several years. Not only have new entrants become more established with business models in selling printing solutions exclusively to professional users (such as Cincinnati, Inc.), but perhaps more notable has been the number of companies that have transitioned from marketing low-cost printers primarily to consumers and educational customers to making systems for more manufacturing and business-oriented use.
• These companies have indeed eroded Stratasys’ overall market share in the polymer material extrusion market in professional environments over the last several years. For example, in the first quarter of 2018, multinational manufacturer Bosch made an investment in Dutch provider Ultimaker, which will become a worldwide supplier to Bosch with extrusion based printing solutions. Just five years ago, it would be relatively unheard of for a multinational company of that size to engage at such a broad level with any other extrusion 3D printing solution provider than Stratasys.