Additive Manufacturing Market Growing at a Rapid Pace: Key Research and Players | Stratasys, 3D Systems, EOS GmbH, Materialise, SLM Solutions Group

Additive Manufacturing Market Research Report By DataM Intelligence: A comprehensive analysis of current and emerging trends provides clarity on the dynamics of the Additive Manufacturing market. The report employs Porter's Five Forces model to assess key factors such as the influence of suppliers and customers, risks posed by different entities, competitive intensity, and the potential of emerging entrepreneurs, offering valuable insights. Additionally, the report presents research data from various companies, including their benefits, gross margins, and strategic decisions in the global market, all conveyed through tables, charts, and infographics.

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What is the projected growth rate (CAGR) of the Global Additive Manufacturing market from 2024 to 2031, and what is the market value expected to change by 2031?

The Global Additive Manufacturing Market reached USD 14 billion in 2022 and is projected to witness lucrative growth by reaching up to USD 62 billion by 2031. The market is growing at a CAGR of 24.5% during the forecast period 2024-2031

What is Additive Manufacturing Market?

Additive manufacturing, also known as 3D printing, is a process that creates objects by adding material layer by layer, based on digital models. This innovative technology enables the production of complex geometries and customized designs that are often difficult to achieve with traditional manufacturing methods. It is widely used across various industries, including aerospace, automotive, healthcare, and consumer goods. Additive manufacturing offers advantages such as reduced waste, shorter lead times, and the ability to create lightweight structures.

Growth Driver

The rising demand for additive manufacturing materials is fueling the global additive manufacturing market by expanding the range of applications, enhancing product customization and performance, and improving the quality of parts produced through this technology.

Key Players:

Profiles of some of the major players in the global Additive Manufacturing market, which include:

Stratasys, 3D Systems, EOS GmbH, Materialise, SLM Solutions Group, Renishaw, Ultimaker, HP, GE Additive, and EnvisionTEC.

Industry Development:

On May 18, 2023, SPEE3D secured victory in the US defense challenge by leveraging cold spray additive manufacturing technology, resulting in an investment of over USD 2 million.

On October 25, 2022, Stratasys Ltd. acquired Riven, a quality control software provider based in Berkeley, California. Riven has been a connectivity software partner for Stratasys, and its cloud-based solution is now fully integrated into Stratasys' GrabCAD Additive Manufacturing Platform, benefiting clients using any Stratasys 3D printer with GrabCAD Print.

On August 8, 2022, Stratasys Ltd. announced the acquisition of Covestro AG's additive manufacturing materials business. This acquisition is expected to be immediately accretive upon closure and will include approximately 60 additive manufacturing materials, along with R&D facilities, global development, and sales teams located in Europe, the U.S., and China.

The purpose of the report is to offer a comprehensive analysis of the market, along with insightful conclusions, statistical data, historical information, market data that has been confirmed by the industry, and predictions based on a sound methodology. By identifying and examining market segments and forecasting global market size, the study also contributes to understanding the dynamics and structure of the global Additive Manufacturing market.

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Market Segments:

The report covers the segmentation of the market into different segments based on various classifications such as applications, end users, product types, and others. The segmentation is divided into two sections, one for development and the other for different roles, needs, and behaviours.

By Technology: Stereolithography, Fuse Deposition Modelling (FDM), Selective Laser Sintering (SLS), Direct Metal Laser Sintering (DMLS), Polyjet Printing, Inkjet Printing, Electron Beam Melting (EBM), Laser Metal Deposition, Digital Light Processing, Laminated Object Manufacturing, Others

By Material: Plastics, Metals, Ceramics, Others

By Application: Automotive, Aerospace, Healthcare, Industrial, Consumer Products, Others

Regional Break out:

☞ North America - US, Canada, Mexico

☞ Europe- Germany, Russia, UK, France, Italy, Rest of Europe

☞ Asia Pacific- China, India, Japan, Australia, Rest of Asia Pacific

☞ South America- Brazil, Argentina, Colombia, Rest of South America

☞ Middle East and Africa- Saudi Arabia, UAE, Oman, Bahrain, Qatar, Kuwait, Israel

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Key Features

➧ Gain deep insights into market dynamics, trends, and opportunities to stay ahead in a competitive landscape.

➧ Track competitor's movements in real time, allowing you to swiftly adapt strategies and remain competitive.

➧ Compare your performance with industry leaders to identify gaps, strengths, and areas for improvement.

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➧ Receive actionable insights and recommendations to drive your business toward growth and long-term success.

➧ Tailor competitive intelligence to your unique business needs, ensuring relevant and focused analysis.

➧ Evaluate supply chain efficiency and logistics strategies to optimize operations and minimize disruptions.

➧ Understand key players, stakeholders, and partnerships to navigate the competitive landscape more effectively.

➧ Identify and target specific market segments with detailed intelligence on customer preferences and behaviours.

➧ Stay informed on regulatory changes and legal requirements impacting your industry to ensure compliance and mitigate risks.

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