Binder Jet Market - Regional Analysis
North America Market Insights
North America binder jet market is anticipated to hold the largest revenue share of 32% by 2035 due to increasing adoption in the aerospace, automotive, and healthcare industries. Key factors driving this growth include advancements in 3D printing materials, cost-effective mass production capabilities, and the demand for lightweight complex parts. Government support for additive manufacturing and sustainability initiatives is also contributing to market initiatives.
In the U.S., the binder jet market is driven by strong R&D investments, the presence of key industry players, and a well-established manufacturing system. Factors such as rising defense applications, customised medical implants, and eco-friendly production methods are fueling demand. Rising investments and funding are also boosting the country’s market. For instance, in November 2022, Desktop Metal received a USD 9 million order from a major German automaker for binder jet additive manufacturing systems used for the mass production of powertrain components.
Europe Market Insights
The binder jet market in Europe is projected to hold the second-largest share of about 28% by the end of 2035. The region’s market is driven by additive manufacturing technologies and strong demand from industries including automotive and aerospace. The region is known for its robust manufacturing base, with companies focusing on high-precision and customised parts. The presence of key players and innovation hubs further supports the market’s expansion in the region.
Germany is a key player in the binder jet market. The country’s emphasis on advanced manufacturing technologies makes it a leading adopter of binder jetting for producing complex and high-quality parts. The country’s well-established manufacturing companies foster several collaborations and other strategies, further accelerating the adoption of binder jet in Germany. For instance, in November 2021, The Schunk Group purchased an X1 25Pro for the serial production of binder jet 3D printed metal parts as a service to the automotive, aerospace, medical, and other industries.
