Global Additive Manufacturing Market

Additive Manufacturing Market Size, Share, Growth Analysis, By Printer Type(3D Printer, 3D Bio Printer), By Products(Surgical Equipment (Surgical Guides {Dental guides, Cranio-Maxillofacial (CMF) guides, Orthopedic guides}, Surgical Instruments {Retractors), By Technology(Electron Beam Melting (EBM), Laser Beam Melting (Direct Metal Laser Sintering (DMLS), Selective Laser Melting (SLM), Selective Laser Sintering (SLS)), By Industry Type(Motor Vehicles, Consumer Products, Business Machines, Medical Industry), By Material(Homogeneous Materials (Polymers, Metals, Ceramics, Natural Materials)), By Region - Industry Forecast 2024-2031

Report ID: SQMIG20I2150 | Region: Global | Published Date: August, 2024
Pages: 202 | Tables: 179 | Figures: 79

Additive Manufacturing Market Regional Insights

North America held a revenue share of more than 34%, dominating the market for additive manufacture. Nations with developed economies like the United States and Canada are found in North America. These countries are known for being among the first to adopt cutting-edge technologies. But Europe overtook Asia to overtake it as the second-largest regional market. Geographically speaking, Europe is the biggest continent.

Asia Pacific is expected to increase significantly. Over the forecast period, the regional market is anticipated to grow at the highest CAGR. The continued advancements and innovations achieved by the established manufacturers in the area are particularly responsible for the rise of the regional market. Consumer electronics, healthcare, and the automotive industries are all rapidly moving their manufacturing to Asia Pacific. Over the course of the forecast period, rapid urbanization is anticipated to be a major factor in driving the adoption of three-dimensional printing throughout the region.

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FAQs

Global Additive Manufacturing Market size was valued at around USD 16.72 billion in 2022 and is expected to rise from USD 20.20 billion in 2023 to reach a value of USD 91.59 Billion by 2031, at a CAGR of 20.8 % over the forecast period (2024–2031).

Market participants are continuously developing additive manufacturing technologies in response to the rising demand for three-dimensional printing from established organizations in the automotive, healthcare, and aerospace & military industries for production purposes. In order to create new items, major industry businesses typically use additive manufacturing. Market leaders like Stratasys, Ltd. are extending the use of additive manufacturing beyond prototype to the entire industrial value chain. 'Stratasys Ltd. (USA) ', '3D Systems Corporation (USA) ', 'EOS GmbH (Germany) ', 'Materialize NV (Belgium) ', 'General Electric Company (GE Additive) (USA) ', 'SLM Solutions Group AG (Germany) ', 'EnvisionTEC GmbH (Germany) ', 'HP Inc. (USA) ', 'Voxeljet AG (Germany) ', 'Renishaw plc (UK) ', 'Optomec Inc. (USA) ', 'Ultimaker BV (Netherlands) ', 'Desktop Metal, Inc. (USA) ', 'Carbon, Inc. (USA) ', 'Prodways Group (France) ', 'XYZprinting, Inc. (Taiwan) ', 'The ExOne Company (USA) ', 'Nano Dimension Ltd. (Israel) ', 'Additive Industries (Netherlands) ', 'Markforged, Inc. (USA) ', 'Brightlands Materials Center (Netherlands)'

One of the key drivers of the additive manufacturing market is the growing demand for customized products. 3D printing allows manufacturers to produce products that are tailored to the specific needs of individual customers, which is particularly important in industries such as aerospace, automotive, and healthcare.

Shift from Prototyping to Production: The additive manufacturing industry is increasingly shifting from prototyping to production applications. As 3D printing technologies improve and become more efficient, manufacturers are using them to produce end-use parts and products, rather than just prototypes. This is driving the growth of the additive manufacturing market in a wide range of industries.

North America held a revenue share of more than 34%, dominating the market for additive manufacture. Nations with developed economies like the United States and Canada are found in North America. These countries are known for being among the first to adopt cutting-edge technologies. But Europe overtook Asia to overtake it as the second-largest regional market. Geographically speaking, Europe is the biggest continent.

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Global Additive Manufacturing Market

Report ID: SQMIG20I2150

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