The market for additive manufacturing is estimated to increase rapidly over the forecast period. In comparison to traditional manufacturing methods including injection molding, CNC machining, and vacuum casting, additive manufacturing provides various advantages, such as a lower resource demand, a shorter production cycle, flexible design, and significant tooling cost savings. The market is finally moving into production after more than 25 years of development. Businesses across the value chain in various industries will attempt to capitalize on this fast-paced market over the projected period. Different metals with diverse beneficial qualities, such as titanium, steel, nickel, aluminium, and cobalt alloys, are utilized to produce high-performance parts, particularly in the aerospace industry.
Data Bridge Market Research analyses that the additive manufacturing market was valued at USD 15.27 billion in 2021 and is expected to reach USD 104.98 billion by 2029, registering a CAGR of 27.25% during the forecast period of 2022 to 2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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Global Additive Manufacturing Market Scope
The additive manufacturing market is segmented on the basis of material, material type, technology and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
On the basis of material, the additive manufacturing market is segmented into plastic, metals and ceramics.
- Homogeneous Materials
- Heterogeneous Materials
On the basis of material type, the additive manufacturing market is segmented into homogeneous materials and heterogeneous materials.
- Fused Deposition Modeling
- Laser Sintering
- Other Technologies
On the basis of technology, the additive manufacturing market is segmented into stereolithography, fused deposition modeling, laser sintering and other technologies.
- Aerospace and Defense
- Other End Users
On the basis of end user, the additive manufacturing market is segmented into aerospace and defense, automotive, healthcare, industrial and other end users.
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Additive Manufacturing Market Regional Analysis/Insights
The additive manufacturing market is analysed and market size insights and trends are provided by country, material, material type, technology and end user as referenced above.
The countries covered in the additive manufacturing market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the additive manufacturing market because of major key players and high healthcare expenditure in this region. Additionally, the growing acceptance of technologically advanced medical devices will flourish the market’s growth rate in this region.
Asia-Pacific is expected to grow during the forecast period due to rising growth in the manufacturing sector in this region. Along with this, increasing demand for lightweight and high-strength components with precise designs will flourish the market’s growth rate in this region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter’s five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Additive Manufacturing Market Share Analysis
The Additive manufacturing market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to additive manufacturing market.
Some of the major players operating in the additive manufacturing market 3D Systems, Inc. (U.S.), Stratasys (U.S.), ExOne (U.S.), ENVISIONTEC US LLC (Germany), Materialise (Belgium), MCor Technologies Ltd. (Ireland), Biomedical Modeling Inc. (US), EOS Systems Inc. (US), Integer Holdings Corporation (US), Fathom Digital (US), Surgival (Spain), SLM Solutions (Germany), Xilloc Medical B.V. (Netherlands), Dentsply Sirona (US), Renishaw plc (UK), Morris Technology (US), and Limacorporate S.p.a (Italy), among others.
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