The Latest Diversity In The Additive Manufacturing Industry Statistics Explained
The additive manufacturing industry will reach $35.6 billion by 2024, propelled by diversity in applications and geographies.
The statistic suggests that the additive manufacturing industry is projected to grow significantly, reaching a market value of $35.6 billion by the year 2024. This growth is attributed to the industry’s expanding range of applications across various sectors and its increasing adoption in different geographic regions. The versatility and diversity of uses for additive manufacturing technologies are driving its widespread acceptance and contributing to its rapid market growth. This statistic indicates a positive outlook for the additive manufacturing industry, with continued development and innovation expected to fuel further expansion in the years to come.
68% of companies in the additive manufacturing industry say that diversity is a top or the top priority for them.
The statistic that 68% of companies in the additive manufacturing industry prioritize diversity as a top or the top priority indicates a strong commitment within the sector to promoting inclusivity and representation. This suggests that a majority of companies in the industry recognize the value of fostering a diverse workforce, which can lead to a variety of benefits such as increased innovation, creativity, and overall business performance. By placing an emphasis on diversity, these companies are likely to be more proactive in addressing issues related to equity and inclusion, thereby creating a more inclusive and welcoming work environment for individuals from different backgrounds and perspectives.
In the additive manufacturing field, 72% of companies see diversity as key to fostering creativity and innovation.
The statistic stating that 72% of companies in the additive manufacturing field view diversity as essential for fostering creativity and innovation reflects a growing recognition of the importance of diverse perspectives and experiences in driving competitive advantage. This statistic suggests that the majority of companies in this industry recognize that a diverse workforce which includes individuals from different backgrounds, cultures, and experiences can lead to a wider range of ideas, approaches, and solutions that can propel innovation and enhance overall creativity within the organization. By valuing diversity and promoting an inclusive environment, companies in the additive manufacturing field are likely to benefit from a greater variety of viewpoints, increased collaboration, and ultimately, a competitive edge in the marketplace.
As per SME, 9% of the additive manufacturing workforce are women, indicating a gender diversity challenge.
The statistic suggests that only 9% of the workforce in the additive manufacturing industry are women, highlighting a significant lack of gender diversity within the sector. The low representation of women in this field indicates a gender disparity and suggests that women are underrepresented or potentially facing barriers to entry, progression, or retention in additive manufacturing careers. Addressing this gender diversity challenge is important not only for promoting gender equality and inclusivity but also for harnessing a wider talent pool and diverse perspectives which can lead to innovation and growth within the industry. Efforts to increase female participation, support women in additive manufacturing roles, and create a more inclusive work environment are crucial steps toward achieving greater gender diversity in the field.
Close to 84% of additive manufacturing companies reported an increase in productivity due to diversity.
The statistic suggests that a significant majority, approximately 84%, of additive manufacturing companies experienced an improvement in productivity as a result of diversity within their workforce. This indicates that having a diverse range of employees from various backgrounds, perspectives, and skill sets contributed positively to the overall performance and efficiency of these companies. The presence of diverse perspectives and experiences may have fostered innovation, creativity, and problem-solving within these organizations, leading to increased productivity. This statistic underscores the importance and advantages of promoting diversity and inclusion within the additive manufacturing industry.
In the UK, just 11% of the country’s additive manufacturing engineering workforce are women, indicating a lack of gender diversity.
The statistic highlights a significant gender imbalance within the additive manufacturing engineering workforce in the UK, with only 11% of the workforce being women. This underrepresentation indicates a lack of gender diversity in this particular industry, which could result in missed opportunities for innovation and talent development. Addressing this gender disparity is crucial not only for creating a more inclusive and equitable work environment but also for harnessing the full potential of a diverse workforce in driving advancements and achieving better outcomes in the field of additive manufacturing engineering.
Additive Manufacturing is experiencing a 27.2% compound annual growth rate (CAGR) between 2020 and 2025 which will increase the employment diversity in the sector.
The statistic indicates that the additive manufacturing industry is projected to grow at a compound annual growth rate (CAGR) of 27.2% between 2020 and 2025. This rapid growth suggests a significant expansion in the industry, leading to increased demand for a diverse range of skilled workers and professionals. As the sector continues to evolve and innovate, it is expected to create more job opportunities across various fields such as engineering, design, production, and research. The rising employment opportunities in additive manufacturing are likely to attract individuals from different backgrounds and disciplines, thus fostering greater diversity within the sector. This growth trend underscores the potential for additive manufacturing to drive economic development and create a more inclusive workforce in the coming years.
25% of top roles in large additive manufacturing companies are held by women in Germany.
The statistic indicating that 25% of top roles in large additive manufacturing companies in Germany are held by women suggests a gender disparity in leadership positions within the additive manufacturing industry in the country. This percentage signifies that a quarter of the highest-ranking positions in these companies are occupied by women, highlighting both progress in gender diversity in this sector compared to historical norms and persistent underrepresentation. It suggests areas for further improvement in terms of promoting gender equality and fostering opportunities for women to advance into leadership roles within the additive manufacturing industry in Germany.
Racial and ethnic representation in the additive manufacturing industry is currently less than 20% in majority of the companies.
The statistic indicates that there is a significant lack of racial and ethnic diversity in the additive manufacturing industry, with less than 20% representation in most companies. This suggests that individuals from racial and ethnic minority backgrounds are underrepresented in this sector, potentially facing barriers to entry or advancement within the industry. The lack of diversity can lead to limited perspectives, innovation, and opportunities for these underrepresented groups, as well as potentially contributing to systemic inequality and discrimination within the industry. Addressing this disparity is crucial for promoting inclusivity, equity, and ultimately, driving overall growth and success in the additive manufacturing field.
90% of additive manufacturing companies emphasize hiring mistakes as a hurdle to diversity.
The statistic ‘90% of additive manufacturing companies emphasize hiring mistakes as a hurdle to diversity’ suggests that the vast majority of companies in the additive manufacturing industry believe that their hiring practices have hindered efforts to promote diversity within their workforce. This statistic indicates that companies may be recognizing the importance of fostering diversity and inclusion but are struggling to effectively recruit, hire, and retain a diverse workforce. By acknowledging hiring mistakes as a significant barrier to diversity, these companies can potentially take steps to address and rectify these issues in order to create a more inclusive environment and tap into a wider range of talent within the industry.
Around 70% of small-medium additive manufacturing enterprises have no formal diversity policies or programs.
The statistic indicates that approximately 70% of small to medium-sized additive manufacturing companies lack formal diversity policies or programs in place. This suggests a significant gap in addressing diversity and inclusion within this sector, potentially leading to unequal opportunities and underrepresentation of diverse groups in the workforce. Without formal policies and programs to promote diversity, there may be a lack of support for creating an inclusive work environment and fostering diverse perspectives, which could ultimately impact the overall success and innovation of these enterprises. Addressing this issue by implementing formal diversity initiatives could help enhance workplace culture, attract diverse talent, and drive better business outcomes in the additive manufacturing industry.
The number of women involved in manufacturing, including additive manufacturing, grew by just 1% from 1970 to 2019.
The statistic indicates that over the span of nearly five decades from 1970 to 2019, the number of women participating in the manufacturing industry, which includes additive manufacturing processes, experienced minimal growth, with an increase of just 1%. This suggests that despite advancements and changes within the manufacturing sector during this period, there has been limited progress in terms of gender diversity and representation. Factors such as historical gender biases, lack of inclusion initiatives, and perhaps barriers to entry or career advancement for women in manufacturing may have contributed to this slow growth rate. Addressing these challenges and promoting gender equality within the manufacturing industry will be crucial to fostering a more diverse and inclusive workforce in the future.
Less than 15% of people in scientific research related to additive manufacturing, which is largely male-dominated, are women.
The statistic “Less than 15% of people in scientific research related to additive manufacturing, which is largely male-dominated, are women” indicates a significant gender imbalance within the field. This suggests that women are underrepresented in the scientific research related to additive manufacturing, reflecting broader systemic gender disparities within STEM (science, technology, engineering, and mathematics) fields. The lack of gender diversity could potentially hinder innovation and limit diverse perspectives in the development and advancement of additive manufacturing technologies. Addressing this gender disparity is crucial to promoting inclusivity, equity, and diversity within the additive manufacturing industry, ultimately leading to a more sustainable and thriving research community.
There is less than 20% diversity in additive manufacturing companies based in Europe.
The statistic indicates that the additive manufacturing companies in Europe have low diversity in terms of various characteristics such as ownership, leadership, workforce composition, or product offerings. Specifically, the statement suggests that less than 20% of these companies exhibit diversity within the defined scope. This lack of diversity can have implications for innovation, problem-solving, and overall business performance as diverse perspectives and experiences are known to bring new ideas and approaches to the table. Addressing diversity within additive manufacturing companies in Europe could lead to a more inclusive and dynamic industry that is better equipped to meet the demands of a global market.
More than 75% of companies acknowledge that diversity is lacking in the additive manufacturing industry.
The statistic indicates that a significant majority of companies within the additive manufacturing industry recognize the absence of diversity within their workforce. This means that more than three-quarters of companies operating in this sector are aware that there is a lack of representation in terms of various demographics such as gender, race, age, and possibly other dimensions of diversity. Acknowledging this shortfall is an important first step towards addressing and improving diversity and inclusion within the additive manufacturing field. This statistic highlights the pressing need for deliberate efforts to promote diversity and create a more inclusive environment in the industry.
Around 80% of AM businesses believe that a diverse workforce improves their ability to innovate.
The statistic that around 80% of AM businesses believe that a diverse workforce improves their ability to innovate suggests a strong consensus within this sector regarding the benefits of diversity in fostering innovation. This finding underscores the recognition that diverse perspectives, experiences, and backgrounds can contribute to creative problem-solving and the development of new ideas within the organization. The high percentage of businesses endorsing this belief indicates a widespread understanding of the strategic advantages that diversity can bring in terms of driving innovation and staying competitive in the market. This statistic highlights the value that AM businesses place on inclusivity and diversity as key factors in promoting a culture of innovation within their workforce.
Over 80% of additive manufacturing companies have stated that the industry suffers from a “diversity deficit.”
The statistic suggests that a significant majority of additive manufacturing companies believe that the industry lacks diversity. This could refer to a variety of aspects, such as a lack of representation of women, minority groups, or individuals from different backgrounds within the workforce. The term “diversity deficit” implies that there is a deficiency in the range of perspectives and experiences present in the industry, which could have negative implications for innovation, decision-making, and overall organizational effectiveness. Addressing this issue by promoting diversity and inclusivity within additive manufacturing companies could lead to a more dynamic and successful industry as a whole.
The workforce in the additive manufacturing industry is approximately 89% male and 11% female.
The statistic that the workforce in the additive manufacturing industry is approximately 89% male and 11% female indicates a significant gender imbalance within the industry. The dominance of male representation suggests a lack of diversity and gender equality in this particular sector. Such a skewed distribution may be indicative of various factors, including historical gender biases, limited opportunities for women to enter and thrive in the industry, and potential systemic barriers that hinder female participation. Addressing this gender disparity is crucial not only for promoting equality and inclusivity but also for fostering innovation and driving growth through a more diverse workforce in additive manufacturing.
Conclusion
Diversity in the additive manufacturing industry is essential for fostering innovation, creativity, and inclusivity. By embracing diversity in all its forms, companies can unlock the full potential of their teams and drive meaningful impact in this rapidly evolving sector.
References
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8. – https://www.www.statista.com
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