Additive Manufacturing Market Size & Share, by Technology (SLA, FDM, LS, EBM, Binder Jetting Printing, LOM, Polyjet Printing); Material Type (Plastic, Alloys, Ceramics); Printer Type (Industrial 3D Printer, Desktop 3D Printers); End-user (Healthcare, Automotive, Aerospace, Industrial, Consumer Goods, Construction, Defense) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2035

  • Report ID: 5009
  • Published Date: Jun 13, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2023 - 2035

Additive Manufacturing Market size is poised to cross USD 100 Billion by the end of 2035, growing at a CAGR of 21% during the forecast period, i.e., 2023 – 2035. In the year 2022, the industry size of additive manufacturing was around USD 14 Billion. The rising government efforts to increase the use of additive manufacturing will drive industry growth. In 2022, the Biden administration launched the Additive Manufacturing Forward Program. It is an informal contract between big companies to assist their smaller US-based suppliers by expanding their usage of additive manufacturing, also known as 3D printing.

Moreover, the rising demand for flexible prototype designs for medical devices is likely to augment the additive manufacturing market. With rising investment in medical devices, the production and availability of essential devices will rise notably. Medical devices often require intricate and complex geometrics that can be easily fabricated, including internal channels, lattices, and porous structures. This allows for the creation of devices with optimized functionality, such as implants or drug delivery systems, and others.


Additive Manufacturing Market
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Additive Manufacturing Sector: Growth Drivers and Challenges

Growth Drivers

  • Rising Demand for Lightweight Body for Automotives - Additive manufacturing allows for complex and intricate designs that are not possible with traditional manufacturing methods. This enables engineers to optimize the vehicle’s compromising on strength or safety. The lightweight material, including alloys, aluminum, steel, and polymer composites can significantly reduce the body weight of the vehicle by around 50. In addition to this, the 10% reduction in weight can improve fuel efficiency by around 6%-8%.
  • Advancement in 3D Printing Technologies - Additive manufacturing is also known as 3D printing. In 2021, around 2 million 3D printers were shipped; by 2030, this figure is expected to rise to 22 million units, worldwide. The rising demand for 3D printing has pushed manufacturers to develop the technologies of 3D printing. For instance, there have been significant advancements in multi-material 3d printing, enabling the simultaneous printing of multiple materials or the seamless integration of different materials within a single printed object.
  • Greater Flexibility in Customization and Production – By the use of additive manufacturing, designs of specific dimensions and features of an object can be easily modified in the design software, which enables quicker customization. The parameters of design and quality can be adjusted to individual preferences, personalized fits, or specific functional requirements.

Challenges

  • High cost of 3D printers- 3D printers are not affordable by all businesses, due to their low budgets. The average selling price of a 3D printer is around USD 300,000 to USD 1.5 million. However, the final price depends on the choice of the material. Since the cost of specialized materials, especially those with high-performance properties can impact the price range.  Therefore, they can be relatively expensive when compared to traditional manufacturing equipment.
  • Insufficient Technical Knowledge of the Machine
  • Regulatory and Certification Requirements

Additive Manufacturing Market: Key Insights

Base Year

2022

Forecast Year

2023-2035

CAGR

~21%

Base Year Market Size (2022)

~ USD 14 Billion

Forecast Year Market Size (2035)

~ USD 100 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Additive Manufacturing Segmentation

  • Printer Type (Industrial 3D Printer, Desktop 3D Printers)

The industrial 3D printer segment is estimated to hold 64% share of the global additive manufacturing market by 2035. Moreover, in 2022, the segment dominated the market with a share of more than 60%. The demand for industrial 3D printers is rising because of the need to boost prototyping. Industrial 3D printers provide fast and cost-effective prototyping capabilities. Companies can iterate and test their design quickly reducing the time and cost associated with traditional prototyping methods. This accelerates the product development cycle and enables faster time-to-market for new products. Around 52% of respondents utilize it because of its high speed of product iteration and around 41% value mass customization capabilities. In addition, more than 68 percent of 3D printing users use it for prototype and pre-series manufacturing.

  • End User (Healthcare, Automotive, Aerospace, Industrial, Consumer Goods, Construction, Defense)

The automotive segment will collect a significant revenue of around 46% in the year 2035. Owing to the rising demand for electric vehicles, the use of additive manufacturing or 3D printing is also increasing. By 2030, about 250 million EVs will be on the road worldwide, accounting for more than 35% of total vehicle sales. It helps in concept development, constructing lightweight components, and provides personalization. Moreover, it is used for creating intricate cooling channels and heat exchangers within battery housings in electric vehicles. 

Our in-depth analysis of the global market includes the following segments:

     Technology

  • Stereolithography (SLA)
  • Fused Deposition Modelling (FDM)
  • Laser Sintering (LS)
  • EBM
  • Binder Jetting Printing
  • Laminated Object Manufacturing (LOM)
  • Polyjet Printing

     Material Type

  • Plastic
  • Alloys
  • Ceramics

     Printer Type

  • Industrial 3D Printer
  • Desktop 3D Printers

     End User

  • Healthcare
  • Automotive
  • Aerospace
  • Industrial
  • Consumer Goods
  • Construction
  • Defense

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Additive Manufacturing Industry- Regional Synopsis

North American Market Forecast

The market share of additive manufacturing in North America, is set to be the largest by growing at a significant CAGR and collecting a share of about 35% by the end of 2035. The rising government initiatives and investment to expand the 3d printing industry. For instance, the government of the United States collaborated with ASTRO America for setting up 3D printers in the defense sector for the production of equipment. Moreover, Astro America has been awarded USD 1 million by National Science Foundation, to boost the adoption of 3D printers in Florida

APAC Market Statistics

The Asia Pacific additive manufacturing market is predicted to be the second largest, registering a share close to 28% by the end of 2035. The market growth in the region is expected on account of rising investment in medical devices. So far, 26 projects have been approved under the Public Linked Incentive (PLI) plan for Medical Devices, with a total committed investment of Rs.1206 Cr in India. This will expand the production of medical devices and will directly drive the demand for additive manufacturing for creating prototypes. Moreover, rising import and export of 3D printers from the region are expected to drive market expansion. The total quantity of 3D printers shipped from China in 2021 was around 3 million units, up 13% from 2020. Moreover, in the first three quarters of 2022, the number of printers exported was around 1 million units. It is around 25% higher than the same time frame in 2021.

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Additive Manufacturing Market Size
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Top Featured Companies Dominating the Additive Manufacturing Landscape

top-features-companies
    • EOS GmbH
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • BeAM Up Ltd.
    • Wuhan Huake 3D Technology Co., Ltd.
    • SLM Solutions
    • 3D Systems Corporation
    • Trumpf SE + Co. KG
    • DMG Mori Co., Ltd.
    • Ford Motors Company
    • Farsoon Technologies
    • Stratasys Ltd.

In-the-news

In The News

  • Stratasys Ltd. announced the acquisition of Covestro AG, the nosiness of additive manufacturing materials. This acquisition will increase the research and development and will drive the sales of nearly 60 additive manufacturing materials, across the United States, Europe, and Asia.
  • Ford Motor Company announced the running of a 3d printer with Javier in the advancing manufacturing center. The 3d printer is been operated autonomously with the help of the mobile robot. This has enabled to run the 3d printer without any human interaction and has significantly reduced the prices of custom-printed products.

Author Credits:  Abhishek Verma, Hetal Singh


  • Report ID: 5009
  • Published Date: Jun 13, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Rising demand for low-weight automobile components, higher development of prototypes for medical devices, and increasing technological advancement in 3d printing are the major factors driving the market growth.

The market size of additive manufacturing is anticipated to attain a CAGR of ~21% over the forecast period, i.e., 2023 – 2035.

The major players in the market are EOS GmbH, BeAM Up Ltd., Wuhan Huake 3D Technology Co., Ltd, SLM Solutions, 3D Systems Corporation, Trumpf SE + Co. KG, Ford Motor Company, DMG Mori Co., Ltd., Farsoon Technologies, and Stratasys Ltd.

The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.

The market is segmented by material type, technology, printer type, end user, and by region.

The industrial 3d printer segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.

Lack of technical knowledge, and the high cost of the 3d printer are estimated to be the growth hindering factors for the market expansion.

The market in the North American region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.
Additive Manufacturing Market Report Scope
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