Xometry is seeing notable growth in Europe. To further attract and retain buyers and sellers across the continent, Xometry is launching several new artificial intelligence (AI)-powered features designed to streamline the management of complex manufacturing orders for engineers, designers, procurement professionals, and project managers.

Xometry is a leading B2B marketplace for manufacturing services. Its updated dashboard offers a variety of tools that enable customers to request instant quotes, track project progress, manage multiple quotes, and communicate directly with Xometry’s production management and engineering support teams. Users can now get quotes for all available manufacturing technologies, schedule batch orders, and quote projects that involve assembly and welding.

“Xometry is helping European customers build resilient supply chains,” says Dmitry Kafidov, managing director of Xometry Europe. “Our new suite of marketplace tools provides the information necessary for smart, data-driven decisions, especially for complex, mid- and high-volume projects.”

The new tools are currently available to buyers in the United Kingdom, Europe, and Turkey. This is Xometry’s second digital upgrade for European buyers and sellers in recent months.

In March, Xometry introduced several new features.

New Xometry features

• The ability for buyers to quote projects by selecting from over 200 RAL color codes directly within Xometry’s instant quoting engine. RAL is a widely used color-matching system. It assigns numerical codes to specific colors.
• Xometry.pro. The platform offers in-depth community discussions on topics such as materials, finishes, industrial design, and CAD software.
• A new Czech marketplace, which is part of Xometry’s network of 15 local-language sites across Europe. Its others include Danish, Dutch, English, Finnish, French, German, Italian, Norwegian, Polish, Portuguese, Spanish, Swedish, and Turkish.

“Xometry’s AI-powered marketplace and cloud-based solutions help our customers enhance efficiency, improve decision-making, and build locally resilient supply chains,” Kafidov added.

Although Europe is still a relatively small market for Xometry, it is growing. CEO Randy Altschuler noted the success of Xometry’s enterprise strategy in the region. On a recent earnings call, Altschuler mentioned that a UK-based aerospace equipment manufacturer chose Xometry for high-volume manufacturing. This allowed the manufacturer to transition from in-house production to Xometry’s scalable capacity, reducing lead times and simplifying their processes.

International sales, which include Europe, the UK, and Asia, currently comprise about 16% of Xometry’s total sales. For the second quarter ending June 30, international sales grew 31%, reaching $20.42 million. That compares to $15.58 million in the same quarter of 2023. However, the international segment recorded a Q2 loss of $6.58 million. That’s up from a $3.64 million loss in the prior year.

“We believe our international business can eventually account for 30% to 40% of total sales, as is common with many other global online marketplaces,” Altschuler says.

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