Press release
Prominent Additive Manufacturing Market Trend for 2025: Development of Digital Additive Manufacturing Technology in the Additive Manufacturing Market
Additive Manufacturing Market Share
The additive manufacturing market is set to flourish due to the surging demands for 3D printing. This term refers to the process of making three-dimensional solid objects from electronic files. 3D printing brings cost-effectiveness and flexibility to additive manufacturing, specifically in manufacturing personalized components and planning before an operation. For example, AZoNetwork UK Ltd., a marketing science organization based in the UK, reported that slightly more than 2.2 million 3D printers were distributed in 2021, and there will be an expected distribution of 21.5 million 3D printers by 2030. Thus, the escalating demand for 3D printing is a vital driver of the expansion of the additive manufacturing market.
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What is the future CAGR of the additive manufacturing market, and how will it impact industry expansion?
Recent years have seen a remarkable expansion in the additive manufacturing market. Projected growth suggests an increase from $19.34 billion in 2024, to $23.42 billion in 2025, constituting a Compound Annual Growth Rate (CAGR) of 21.1%. This impressive growth during the historic period can be traced back to factors such as the demand for prototyping and rapid prototyping, customization and intricate geometries, decreased material wastage, the incorporation of the technology into aerospace and healthcare industries, and its cost-effectiveness in low-volume production.
In the coming years, we can anticipate a significant surge in the additive manufacturing market size, with a projected increase to $50.49 billion by 2029, maintaining a Compound Annual Growth Rate (CAGR) of 21.2%. Factors contributing to this growth throughout the forecast period include increased demand for mass customization, progress in healthcare and bioprinting, expanded use in the automotive and energy sectors, complementation with conventional manufacturing, and the development of regulatory support and standards. Key trends to watch during the forecast period encompass Industry 4.0 and digitalization, innovations in materials, technological upgrades in 3D printing, and multi-material and hybrid printing.
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What new trends are reshaping the additive manufacturing market and its opportunities?
In the additive manufacturing market, major firms are concentrating their efforts on the creation of new methods such as digital additive-manufacturing technology to increase the efficiency of their production processes. Digital additive manufacturing technology involves a process that uses layering of materials based on digital models to produce three-dimensional objects, allowing intricate geometrical designs and customization while also improving production efficiency and minimizing waste of materials. For example, in February 2022, Mitsubishi Electric Corporation, an electronics firm based in Japan, introduced the AZ600 wire-laser metal 3D printer. This printer utilizes laser technology to melt welding wire, producing high-quality 3D structures with a high degree of accuracy. It is equipped with 5-axis spatial control functioning simultaneously, which boosts manufacturing efficiency while reducing energy usage and waste.
Which key market segments comprise the additive manufacturing market and drive its revenue growth?
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
Subsegments:
1) By Stereolithography: Standard Stereolithography, Digital Light Processing (DLP), PolyJet Printing
2) By Binder Jetting Printing: Metal Binder Jetting, Sand Binder Jetting
3) By Laser Sintering: Selective Laser Sintering (SLS), Direct Metal Laser Sintering (DMLS), Electron Beam Melting
4) By Fused Deposition Modeling (FDM): Standard FDM, Dual-Extrusion FDM
5) By Laminated Object Manufacturing (LOM): Paper Lamination, Plastic Lamination
6) By Thermal Dimensional Printing: Hot Melt Adhesive, Thermoplastic Materials
7) By Other Technologies: Continuous Filament Fabrication (CFF), Selective Laser Melting (SLM)
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What regions are at the forefront of additive manufacturing market expansion?
North America was the largest region in the additive manufacturing market in 2024. The regions covered in the additive manufacturing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the leading players fueling growth in the additive manufacturing market?
Major companies operating in the additive manufacturing market include 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.
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What Is Covered In The Additive Manufacturing Global Market Report?
• Market Size Forecast: Examine the additive manufacturing market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the additive manufacturing market for a structured understanding.
• Key Players Overview: Analyze major players in the additive manufacturing market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the additive manufacturing market.
• Segment Contributions: Evaluate how different segments drive overall growth in the additive manufacturing market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the additive manufacturing market.
• Industry Challenges: Identify potential risks and obstacles affecting the additive manufacturing market.
• Competitive Landscape: Review strategic developments in the additive manufacturing market, including expansions, agreements, and new product launches.
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