Global Additive Manufacturing Market Share is Likely to Grow at a CAGR Value of 20.50% By 2028

31-Aug-2022 | Facts and Factors

According to Facts and Factors, the global additive manufacturing market size was worth USD 11,382.40 million in 2021 and is estimated to grow to USD 34,846.25 million by 2028, with a compound annual growth rate (CAGR) of approximately 20.50% over the forecast period. The report analyzes the additive manufacturing market's drivers, restraints/challenges, and their effect on the demands during the projection period. In addition, the report explores emerging opportunities in the additive manufacturing market.

Global Additive Manufacturing Market Size

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Additive manufacturing, sometimes referred to as 3D printing, is a revolutionary method of industrial production that makes it possible to create systems and parts that are lighter and stronger. Because additive manufacturing employs computer-aided design (CAD) software or 3D object scanners to instruct the gear to deposit material, layer by layer, in exact geometric patterns, it may provide digital flexibility and efficiency to manufacturing operations. Three-dimensional printers, printing materials, and service providers are part of the global additive manufacturing market. Both quick manufacturing and rapid prototyping are included in the application market. The market is anticipated to increase throughout the forecast period due to the increasing use of three-dimensional printers by market leaders in the automotive, healthcare, and aerospace & defense sectors, among other industries and industry verticals.

Browse the full “Additive Manufacturing Market Size, Share, Growth Analysis Report By Component (Hardware, Software, Services), By Printer Type (Desktop 3D Printer, Industrial 3D Printer), By Technology (Stereolithography, Fuse Deposition Modeling, Selective Laser Sintering, Direct Metal Laser Sintering, Polyjet Printing, Inkjet Printing, Electron Beam Melting, Laser Metal Deposition, Digital Light Processing, Laminated Object Manufacturing, Others), By Software (Design Software, Inspection Software, Printer Software, Scanning Software), By Application (Prototyping, Tooling, Functional Parts), and By Region - Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2022 – 2028" report at https://www.fnfresearch.com/additive-manufacturing-market

The widespread use of additive manufacturing across several industries is propelling a rise in market revenue. For instance, in the healthcare sector, 3D data from scans are utilized to create 3D printed models, allowing surgeons to practice complex surgical methods on lifelike models and improving their accuracy and speed of operation. The dentistry business extensively uses additive manufacturing to create precise, specialized solutions for dental issues. Additionally, 3D printing technology is being used to create unique implants for each patient. Other additive manufacturing applications include 3D printed surgical cutting and drilling equipment, prosthetics, artificial organs, and designer pharmaceuticals, all of which have enormous potential to propel market expansion throughout the projected period.

The global additive manufacturing market is segregated based on component, printer type, technology, software, application, and region. The market is classified into hardware, software, and services based on components. Hardware dominated the market in 2021. Based on printer type, the market is classified into desktop 3D printers and industrial 3D printers. Industrial 3D printer dominates the market in 2021. Based on technology, the market is segmented into stereolithography, fuse deposition modeling, selective laser sintering, direct metal laser sintering, polyjet printing, inkjet printing, electron beam melting, laser metal deposition, digital light processing, laminated object manufacturing, and others. Among these, the stereolithography segment dominates the market in 2021. Based on software, the market is classified into the design, inspection, printer, and scanning software. The design software segment dominates the market in 2021. The application market is segmented into prototyping, tooling, and functional parts. The prototyping segment dominates the market in 2021.

The global additive manufacturing market is divided into geographic regions: North America, Latin America, Europe, Asia Pacific, Middle East, and Africa.

Report Scope

Report Attribute

Details

Market Size in 2021

USD 11,382.40 Million

Projected Market Size in 2028

USD 34,846.25 Million

CAGR Growth Rate

20.50% CAGR

Base Year

2021

Forecast Years

2022-2028

Key Market Players

Stratasys Ltd., Materialise NV, EnvisionTec Inc., 3D Systems Inc., GE Additive, Autodesk Inc., Made In Space, Canon Inc., Voxeljet AG, Optomec Inc., and Others

Key Segment

By Component, Printer Type, Technology, Software, Application, and Region

Major Regions Covered

North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa

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Key players in the global additive manufacturing market include Stratasys, Ltd.; Materialise NV; EnvisionTec, Inc.; 3D Systems, Inc.; GE Additive; Autodesk Inc.; Made In Space; Canon Inc.; Voxeljet AG, Optomec Inc.

Recent Development:

  • November 2021: Two new additive manufacturing machines have been introduced by Optomec Inc., a pioneer in production solutions for metal additive manufacturing and 3D printed electronics. These machines were created primarily for high-volume production and have automated part-handling options. These devices provide user-friendly production software that enables error-free sequencing in a manufacturing environment.

Global Additive Manufacturing Market is segmented as follows:

By Component

  • Hardware
  • Software
  • Services

By Printer Type

  • Desktop 3D Printer
  • Industrial 3D Printer

By Technology

  • Stereolithography
  • Fused Deposition Modeling
  • Selective Laser Sintering
  • Direct Metal Laser Sintering
  • Polyjet Printing
  • Inkjet Printing
  • Electron Beam Melting
  • Laser Metal Deposition
  • Digital Light Processing
  • Laminated Object Manufacturing
  • Others

By Software

  • Design Software
  • Inspection Software
  • Printer Software
  • Scanning Software

By Application

  • Prototyping
  • Tooling
  • Functional Parts

By Region

  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Nordic Countries
      • Denmark
      • Sweden
      • Norway
    • Benelux Union
      • Belgium
      • The Netherlands
      • Luxembourg
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Southeast Asia
      • Indonesia
      • Thailand
      • Malaysia
      • Singapore
      • Rest of Southeast Asia
    • Rest of Asia Pacific
  • The Middle East & Africa
    • Saudi Arabia
    • UAE
    • Egypt
    • South Africa
    • Rest of the Middle East & Africa
  • Latin America
    • Brazil
    • Argentina
    • Rest of Latin America

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