Additive Manufacturing Market to reach USD 91,853.88 million by 2030

The additive manufacturing market is concerned with the design, production and distribution of yarn, cloth, clothing and garments. The raw material may be metal, plastics, alloys and ceramic. The additive manufacturing industries contribute significantly to the national economy of many countries. Growing demand for lightweight components from the automotive and aerospace categories and advancement in 3D metal printing technologies has highly increased the demand in the global additive manufacturing market.

The global additive manufacturing market report provides details of market share, new developments, and the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, products approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario, contact us for an Analyst Brief. Our team will help you create a revenue-impact solution to achieve your desired goal.

The global additive manufacturing market is expected to gain significant growth in the forecast period of 2023 to 2030. Data Bridge Market Research analyses that the market is growing with a CAGR of 20.9% in the forecast period of 2023 to 2030 and is expected to reach USD 91,853.88 million by 2030. The major factor driving the growth of the additive manufacturing market is the increasing demand for lightweight components from the automotive and aerospace industries.

Market Definition

Additive manufacturing (AM) is different from the subtractive method of production, which envisages grinding out unnecessary material from a block of material. The use of additive manufacturing in industrial applications usually refers to 3D printing. Additive manufacturing involves a layer-by-layer addition of material to form an object while referring to a three-dimensional file with the help of a 3D printer and 3D printer software. A suitable additive manufacturing technology is selected from the available set of technologies depending upon the application.

Global Additive Manufacturing Market Scope

The global additive manufacturing market is categorized based on material type, technology, and application. The growth amongst these segments will help you analyze major growth segments in the industries and provide the users with a valuable market overview and market insights to make strategic decisions to identify core market applications.

Material Type

Metals
Plastics
Alloys
Ceramics

On the basis of material type, the global additive manufacturing market is classified into four segments metals, plastics, alloys, and ceramics.

Technology

Stereolithography (SLA)
Fused disposition modelling (FDM)
Laser sintering (LS)
Binder Jetting printing
Polyjet printing
Electron Beam melting (EBM)
Laminated object manufacturing (LOM)
Others

On the basis of technology, the global additive manufacturing market is classified into eight Segments Stereolithography (SLA), Fused Disposition Modelling (FDM), Laser Sintering (LS), Binder Jetting printing, Polyjet printing, Electron Beam Melting (EBM), Laminated Object Manufacturing (LOM), and Others.

Application

Automotive
Healthcare
Aerospace
Consumer Goods
Industrial
Defence
Architecture
Others

On the basis of application, the global additive manufacturing market is classified into eight segments automotive, healthcare, aerospace, consumer goods, industrial, defence, architecture, and others.

View Detailed Analysis Report: https://www.databridgemarketresearch.com/reports/global-additive-manufacturing-market

Global Additive Manufacturing Market Regional Analysis/Insights

The global additive manufacturing market is segmented on the basis of material type, technology and application.

The countries in the global additive manufacturing market are the U.S., Canada, Mexico, U.K., Russia, France, Spain, Italy, Germany, Turkey, Netherlands, Switzerland, Belgium, Rest of Europe, Japan, China, South Korea, India, Singapore, Thailand, Indonesia, Malaysia, Philippines, Australia & New Zealand, and the Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, Egypt, Saudi Arabia, United Arab Emirates, South Africa, Israel and Rest of the Middle East and Africa.

North America dominates the global additive manufacturing market. The U.S. dominates in the North American region due to advanced development in technologies. Regional markets like the European market also have a prominent share in the global additive manufacturing market, followed by Asia pacific, Middle East and Africa and lowest market of South America.

Competitive Landscape and Global Additive Manufacturing Market Share Analysis

The global additive manufacturing market competitive landscape provides details by competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies' focus related to the global additive manufacturing market.

Some of the prominent participants operating in the global additive manufacturing market are SLM Solutions, Proto Labs, Stratasys, Renishaw plc., Materialise, Titomic Limited., Höganäs AB, YAMAZAKI MAZAK CORPORATION, Markforged, Ultimaker BV, Optomec, Inc., ExOne. (A Subsidiary of Desktop Metal, Inc.), American Additive Manufacturing LLC, ANSYS, Inc., ARBURG GmbH + Co KG, ENVISIONTEC US LLC, EOS, and 3D Systems, Inc., among others.

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