Xometry Continues Rapid Expansion of Global Supplier Base, With More Than 4,200 Active Suppliers On Its AI-Driven Marketplace
Xometry announced significant growth in its global custom-manufacturing marketplace, now hosting over 4,200 active suppliers. The platform added more than 780 new suppliers in the first three quarters of 2024, marking a 34% increase and nearly triple the number since 2021. The company's Instant Quoting Engine now operates in 16 languages, facilitating global business transactions. The supplier network spans all 50 US states and three continents, offering various manufacturing processes including CNC machining, injection molding, and laser cutting. Through its Donor Advised Fund, Xometry provides scholarships to over 250 students across multiple states to support future manufacturing talent.
Xometry ha annunciato una crescita significativa nel suo marketplace globale di produzione su misura, ora con oltre 4.200 fornitori attivi. La piattaforma ha aggiunto più di 780 nuovi fornitori nei primi tre trimestri del 2024, segnando un aumento del 34% e quasi triplicando il numero dal 2021. Il Motore di Preventivo Istantaneo dell'azienda è ora operativo in 16 lingue, facilitando le transazioni commerciali globali. La rete di fornitori si estende in tutti i 50 stati americani e su tre continenti, offrendo vari processi di produzione tra cui lavorazione CNC, stampaggio ad iniezione e taglio laser. Attraverso il suo Fondo Consigliato dai Donatori, Xometry fornisce borse di studio a oltre 250 studenti in diversi stati per supportare i futuri talenti della produzione.
Xometry anunció un crecimiento significativo en su mercado global de manufactura personalizada, albergando ahora más de 4.200 proveedores activos. La plataforma añadió más de 780 nuevos proveedores en los primeros tres trimestres de 2024, marcando un aumento del 34% y casi triplicando el número desde 2021. El Motor de Cotización Instantánea de la empresa ahora opera en 16 idiomas, facilitando las transacciones comerciales globales. La red de proveedores abarca los 50 estados de EE. UU. y tres continentes, ofreciendo varios procesos de fabricación que incluyen mecanizado CNC, moldeo por inyección y corte láser. A través de su Fondo Asesorado por Donantes, Xometry proporciona becas a más de 250 estudiantes de múltiples estados para apoyar el talento futuro en la manufactura.
Xometry는 현재 4,200명의 활동 중인 공급업체를 보유하고 있는 글로벌 맞춤형 제조 마켓플레이스에서 중요한 성장을 발표했습니다. 이 플랫폼은 2024년 첫 세 분기에 780개 이상의 신규 공급업체를 추가하여 34% 증가했으며 2021년 이후 거의 세 배에 해당하는 수치를 기록했습니다. 회사의 즉시 견적 엔진은 현재 16개 언어로 운영되어 글로벌 비즈니스 거래를 원활하게 하고 있습니다. 공급업체 네트워크는 미국 50개 주와 3개 대륙에 걸쳐 있으며 CNC 가공, 사출 성형, 레이저 절단 등 다양한 제조 공정을 제공합니다. Xometry는 기부자 자문 기금을 통해 여러 주의 250명 이상의 학생들에게 장학금을 제공하여 미래의 제조 인재를 지원하고 있습니다.
Xometry a annoncé une croissance significative de son marché mondial de fabrication sur mesure, qui compte désormais plus de 4 200 fournisseurs actifs. La plateforme a ajouté plus de 780 nouveaux fournisseurs au cours des trois premiers trimestres de 2024, marquant une augmentation de 34 % et presque un triplement du nombre depuis 2021. Le Moteur de Devis Instantané de l'entreprise fonctionne désormais en 16 langues, facilitant les transactions commerciales mondiales. Le réseau de fournisseurs s'étend sur les 50 États américains et trois continents, offrant divers processus de fabrication, notamment l'usinage CNC, le moulage par injection et la découpe au laser. Grâce à son Fonds Conseillé par des Donateurs, Xometry fournit des bourses à plus de 250 étudiants dans plusieurs États afin de soutenir les futurs talents en fabrication.
Xometry hat ein signifikantes Wachstum auf seinem globalen Marktplatz für individuelle Fertigung angekündigt und beherbergt nun über 4.200 aktive Anbieter. Die Plattform hat in den ersten drei Quartalen 2024 mehr als 780 neue Anbieter hinzugefügt, was einem Wachstum von 34% entspricht und fast eine Verdreifachung der Zahl seit 2021 darstellt. Der Instant Quoting Engine des Unternehmens ist jetzt in 16 Sprachen aktiv und erleichtert globale Geschäftstransaktionen. Das Anbieternetzwerk erstreckt sich über alle 50 US-Bundesstaaten und drei Kontinente und bietet verschiedene Fertigungsprozesse an, darunter CNC-Bearbeitung, Spritzguss und Laserschneiden. Über seinen Donor-Advised Fund vergibt Xometry Stipendien an über 250 Studenten in verschiedenen Bundesstaaten, um zukünftige Fertigungstalente zu unterstützen.
- Supplier base grew 34% in first three quarters of 2024, adding 780 new suppliers
- Global expansion with presence in all 50 US states and three continents
- Platform now available in 16 languages, enhancing international accessibility
- Diversified manufacturing capabilities across multiple processes and materials
- None.
Insights
The rapid expansion of Xometry's supplier base represents a significant operational milestone, with 34% growth in active suppliers during 2024's first three quarters. The platform's evolution from a marketplace to a comprehensive manufacturing ecosystem shows promising market penetration. The expansion into 16 languages and multiple currencies positions XMTR for robust international growth.
The company's strategic focus on both global reach and local manufacturing, particularly supporting U.S. small and medium manufacturers, creates a balanced growth approach. Their investment in education through scholarships demonstrates long-term industry commitment while building brand loyalty. The platform's ability to handle complex services and multi-year production orders indicates maturation beyond simple marketplace functionality.
- More Than 780 New Suppliers Have Joined Xometry In the First Three Quarters Of 2024, A Nearly Three-Fold Increase Since 2021
- Growth In Suppliers Reflects Strength Of Xometry’s AI-driven Algorithms, Methods And Models To Generate Accurate Pricing And Lead Times For Buyers, Suppliers
- The Xometry Instant Quoting Engine Is Now Available In 16 Languages Worldwide; Xometry’s Workcenter Cloud-Based Manufacturing Execution System Serves As The Digital On-Ramp For Suppliers To Conduct Business Worldwide
NORTH BETHESDA, Md., Nov. 20, 2024 (GLOBE NEWSWIRE) -- Xometry today announced that its global custom-manufacturing marketplace has more than 4,200 active suppliers, an increase of more than 780, or
“Manufacturers around the world recognize the benefits of joining the Xometry marketplace,” said Xometry Chief Operating Officer Peter Goguen. “Through our marketplace, our rapidly growing base of suppliers can instantly expand their reach to enterprise customers regardless of geography. Our buyers also get immediate access to the growing number of manufacturers throughout North America, Europe and Asia.”
Xometry’s supplier network spans all 50 states and three continents and provides access to a massive menu of manufacturing processes, materials and finishes, including: CNC machining; injection molding; laser cutting; sheet metal; die casting; additive manufacturing; waterjet cutting; tube bending and tube cutting, and more.
As Xometry works with suppliers worldwide, it is also committed to championing America’s 500,000 small- and medium manufacturers who are the bedrock of their local communities and the backbone of our domestic and global economies. Through its Donor Advised Fund, Xometry provides scholarships to more than 250 students in Maryland, Kentucky, Wisconsin, South Carolina, Connecticut, New York and the District of Columbia to help train the next-generation of mechanical engineers, technicians and machinists.
Xometry makes it easy for suppliers to join its Marketplace. The company’s all-in-one Workcenter cloud-based manufacturing execution system serves as the “digital on-ramp” for suppliers to Xometry’s global digital ecosystem.
With its large and growing supplier base, Xometry serves large customers in diverse industries, including aerospace and defense, automotive, electronics and semiconductors, energy, medical devices and more. The company has amassed a number of certificates and registrations, and backs every part it ships.
“Our growing supplier base enables us to deliver more complex services for our enterprise customers, including multi-year production orders and post-manufacturing assembly,” Goguen continued. “Xometry is quickly becoming the ‘trusted everything' of on-demand manufacturing.”
Xometry’s two-sided AI-powered marketplace plays a vital role in the rapid digital transformation of the manufacturing industry. Xometry’s proprietary technology shortens development cycles, drives efficiencies within corporate environments and helps companies create resilient supply chains. Xometry’s product portfolio includes its industry leading digital marketplace; popular Thomasnet® industrial sourcing platform, and cloud-based tools and centralized project management software for large, mission-critical projects.
About Xometry
Xometry’s (NASDAQ:XMTR) AI-powered marketplace, popular Thomasnet® industrial sourcing platform and suite of cloud-based services are rapidly digitizing the manufacturing industry. Xometry provides manufacturers the critical resources they need to grow their business and makes it easy for buyers to create locally resilient supply chains. The Xometry Instant Quoting Engine® leverages millions of pieces of data to analyze complex parts in real-time, matches buyers with the right suppliers globally, and provides accurate pricing and lead times. Learn more at www.xometry.com or follow @xometry.
Media Contact:
Matthew Hutchison
Matthew.Hutchison@xometry.com
Investor Contact:
Shawn Milne
Shawn.Milne@xometry.com
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