Press release
Additive Manufacturing Market Insights 2025-2034: Growth Forecast and Strategic Priorities
Additive Manufacturing Market
Additive Manufacturing Market Size Growth Forecast: What to Expect by 2025?
In recent times, the market size of additive manufacturing has seen an exponential increase. The estimated growth trajectory shows an increase from $19.34 billion in 2024, escalating to $23.42 billion in 2025, with a compound annual growth rate (CAGR) of 21.1%. This visible expansion during the historical period is linked to the rising demand for prototyping and rapid prototyping, intricate geometrical designs and customizations, reduction in material wastage, along with the adoption within aerospace and healthcare industries. It is also a cost-effective method for low volume production.
How Will the Additive Manufacturing Market Size Evolve and Grow by 2029?
Anticipated to experience significant surges in the upcoming years, the additive manufacturing market is forecasted to reach a valuation of $50.49 billion by 2029, expanding at a compound annual growth rate (CAGR) of 21.2%. Factors such as increasing demands for mass customization, progressive developments in healthcare and bioprinting, adoption in the automotive and energy sectors, confluence with conventional manufacturing and proactive regulatory support and standards formulation are all contributing to the market growth during the forecast period. Other key trends shaping the market outlook during this time include the advent of Industry 4.0 and digital transformation, innovation in materials, advances in 3D printing technology, and the emergence of multi-material and hybrid printing.
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What Drivers Are Propelling the Growth of Additive Manufacturing Market Forward?
The additive manufacturing market is predicted to see significant growth driven by the escalating demand for 3D printing. 3D printing refers to the process of creating solid objects in three dimensions from a digital file. It provides a financial advantage and flexibility to the additive manufacturing process by enabling the production of tailored parts and facilitating preoperative planning. A UK-based marketing science firm, AZoNetwork UK Ltd., reported that in 2021 there was the shipment of just above 2.2 million 3D printers. Furthermore, projections for 2030 suggest a shipment of 21.5 million 3D printers. Thus, the mounting demand for 3D printing is a key factor pushing the expansion of the additive manufacturing market.
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Which Emerging Trends Are Transforming the Additive Manufacturing Market in 2025?
Leading businesses in the additive manufacturing market are prioritizing the development of innovative techniques such as digital additive-manufacturing technology to boost productivity. This technology involves the creation of three-dimensional objects layer by layer from digital models, allowing for intricate geometries and personalization, enhancing efficiency, and minimising material wastage. For example, Mitsubishi Electric Corporation, a Japanese electronics company, introduced the AZ600 wire-laser metal 3D printer in February 2022. This printer employs laser technology to melt welding wire, facilitating the construction of high-precision 3D structures. It incorporates a simultaneous 5-axis spatial control feature, thereby increasing manufacturing effectiveness and decreasing energy use and waste.
What Are the Key Segments in the Additive Manufacturing Market?
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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Who Are the Key Players Shaping the Additive Manufacturing Market's Competitive Landscape?
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.
What Geographic Markets Are Powering Growth in the Additive Manufacturing Market?
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.
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