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Metals Market Data: Q1 2021

Published on Jul 23, 2021 Category Tag

NEW YORK, NY:  SmarTech Analysis, the leading provider of market analysis and consulting services to the additive manufacturing industry, found that metal additive manufacturing activity in the first quarter of 2021 increased by double digits -around 11 percent globally in terms of total revenues -compared to the same period in 2021 according to its latest quarterly report. The report, released to advisory services clients last week, found that print services revenues grew only a small amount year-over-year, while revenues from metal AM hardware systems were up 35 percent. The current trend begins to fulfill what many, including SmarTech, have predicted for the additive industry in the wake of the coronavirus, however, the report notes that unforeseen challenges remain somewhat of a damper on expansion of the industry thus far.