3D Printing at a Crossroads: Insights from IDTechEx

In 2024, the 3D printing industry stands at a transformative juncture, largely influenced by the ripple effects of COVID-19. Despite an initial dip in sales, the pandemic highlighted additive manufacturing's strengths, prompting companies to reconsider supply chain strategies. Now, as the industry faces evolving macro-economic conditions, a pivotal year is predicted by IDTechEx. The report, "3D Printing and Additive Manufacturing 2024-2034: Technology and Market Outlook," explores emerging trends, with a spotlight on potential mergers and acquisitions among major players. While 2023 saw discussions, 2024 is anticipated to reveal whether consolidation becomes a reality. Economic challenges drive considerations of M&A activities for 3D printing firms, aiming to address complexities in customer acquisition and core challenges in throughput, print quality, certification, and workflow integration. Ongoing innovation, coupled with endorsements from major end-users like Tesla and Apple, positions the 3D printing market to exceed $49 billion by 2034, according to IDTechEx's forecast.