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Additive Manufacturing Market Overview 2024-2033: Report on Share, Trends, Demand, and Overview
Additive Manufacturing Market Overview
As per the report, the additive manufacturing market size has grown exponentially in recent years. It will grow from $16.14 billion in 2023 to $19.74 billion in 2024 at a compound annual growth rate (CAGR) of 22.3%. The additive manufacturing market size is expected to see exponential growth in the next few years. It will grow to $41.69 billion in 2028 at a compound annual growth rate (CAGR) of 20.6%.
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Soaring Demand For 3D Printing Propels Growth In The Additive Manufacturing Market
The increasing demand for 3D printing is expected to propel the growth of the additive manufacturing market going forward. The method of creating three dimensional solid objects from a digital file is known as 3D printing. 3D printing helps additive manufacturing by making a cost-effective and flexible way to produce customized parts and used for preoperative planning. For instance, according to AZoNetwork UK Ltd., a UK-based marketing science company, a little over 2.2 million 3D printers were shipped in 2021, and by 2030, there will be a shipment of 21.5 million 3D printers. Therefore, increasing demand for 3D printing is driving the growth of the additive manufacturing market.
Pioneering Innovation In The Additive Manufacturing Market
Technological innovation is a key trend gaining popularity in the additive manufacturing market. Companies operating in the additive manufacturing market are introducing new technologies to develop their business in the market. For instance, in March 2021, Stratasys, Ltd., an Israel-based 3D printer manufacturing company, launched powder bed fusion technology. Powder bed fusion technology is an additive manufacturing technique, which forms parts by adding material rather than by deleting it during traditional forming procedures like milling.
The additive manufacturing market covered in this report is segmented -
1) By Technology: Stereolithography, Polyjet Printing, Binder Jetting Printing, Laser Sintering, Electron Beam Melting, Fused Deposition Modeling, Laminated Object Manufacturing, Thermal Dimensional Printing, Other Technologies
2) By Material Type: Plastics, Metals, Ceramics, Other Materials
3) By Application: Aerospace, Automotive, Consumer Products, Healthcare, Government And Defense, Industrial Or Business Machines, Education And Research, Other Applications
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Major companies operating in the additive manufacturing market report are General Electric Company, ANSYS Inc., Höganäs AB, Greatbatch Inc., Renishaw plc, Arburg GmbH + Co KG, Stratasys Ltd., EOS GmbH, 3D Systems Corporation, Proto Labs Inc., Materialise NV, MakerBot Industries LLC, SLM Solutions Group AG, Markforged, Arcam AB, The ExOne Company, Envisiontec GmbH, EnvisionTEC LLC, Ultimaker BV, Optomec Inc., Voxeljet AG, ExOne Company, Mcor Technologies Ltd., Danae Inc., Made In Space Inc., CleanGreen 3D, American Additive Manufacturing LLC, Biomedical Modeling Inc., Yamazaki Mazak Corporation, GPI Prototype & Manufacturing Services Inc., Print Parts Inc., Applied Rapid Technologies Corporation, 3DEO Inc., Sciaky Inc., Thales Digital Factory
Contents of the report:
1. Executive Summary
2. Additive Manufacturing Market Report Structure
3. Additive Manufacturing Market Trends And Strategies
4. Additive Manufacturing Market - Macro Economic Scenario
5. Additive Manufacturing Market Size And Growth
…..
27. Additive Manufacturing Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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