Wohlers Report 2021: 7.5% growth in additive manufacturing industry

Wohlers Associates Inc. has published the Wohlers Report 2021, the 26th year of publishing the undisputed, industry-leading annual report on additive manufacturing (AM) and 3D printing.

The study provides trends, perspectives, and forecasts as a tool for decision making, education, and knowledge acceleration. The report gives readers new to AM a comprehensive understanding of the technology and industry. Veterans of the technology benefit from up-to-date information on growth, recent trends, and important developments worldwide.

The 375-page report discusses the impact of COVID-19 on the AM industry. Even with the pandemic, Wohlers Associates found industry expansion of 7.5% to nearly $12.8 billion in 2020. Growth was down considerably, compared to average growth of 27.4% over the previous 10 years.

Most established manufacturers of AM systems saw a decline in equipment sales, but many less-established companies grew in 2020. An increase in business by AM service providers supported industrywide growth. The following chart shows 7.1% growth from independent service providers worldwide, resulting in nearly $5.3 billion of revenue from this group.

Missed the January 2021 webinar with Terry Wohlers? Watch on demand: https://www.todaysmedicaldevelopments.com/video/additive-manufacturing-terry-wohlers-medical-aerospace-automotive/

Among the new and expanded features in Wohlers Report 2021:

• 3D printing of food, medicine, and electronics
• Pricing of metals and polymers and the hidden costs of AM
• Methods of AM part inspection
• Pandemic’s impact on the AM industry
• Compilation of expert reports from 34 countries
• Tables of AM systems, software tools, service providers, and third-party materials

The report includes commentary on 74 early-stage investments and 35 acquisitions and public offerings. AM startups and established companies have received substantial funding in the recent past. One example is Desktop Metal, which received $575 million as part of a merger with a special acquisitions company. After going public in December 2020, Desktop Metal’s market capitalization exceeded $7.5 billion in February 2021.

Wohlers Report 2021 was created with the support of 124 service providers, 113 manufacturers of AM machines, and 24 producers of third-party materials. Eighty-eight co-authors and contributors from 34 countries provided expert views and perspectives. This valuable input, coupled with the experience and data from Wohlers Associates, resulted in the most detailed and comprehensive body of work on AM available.

Wohlers Report 2021 includes 54 charts and graphs, 104 tables, and 397 images and illustrations. It also includes 80 pages of supplemental online content available exclusively to the buyers of the report.