The Global Additive Manufacturing Market was valued at USD 20.38 Billion in 2023 and is estimated to reach USD 95.82 Billion by 2032, growing at a CAGR of 23.1 % from 2023 to 2033.  

Scope of the market:

Additive manufacturing mainly uses data computer-aided design (CAD) software or 3D object scanners to direct hardware to deposit layer upon layer in precise geometric shapes i.e. additive manufacturing adds the material to make an object. Here 3D printing and rapid prototypes are usually used to discuss additive manufacturing. In the right applications, additive manufacturing delivers a perfect trifecta of complex geometrics, improved. As compared to conventional manufacturing, additive manufacturing has various benefits in the capacity to construct complicated geometrics with high accuracy, increased productivity and decreased waste material. Continuous usage of this technology in various industries like aerospace and defence, healthcare, automotive, and consumer goods is propelling the additive manufacturing market to grow. The automotive segment will collect significant revenue by 2035 which will be approximately 45%. Rising demand for electric vehicles the use of additive manufacturing and 3D printing is increasing day by day. Furthermore, by 2030 around 250 million Electric vehicles will be on the road globally, which is a further count 35% of total vehicle sales. This will boost the demand for light weight components.

However, the high cost of equipment and materials, restricted scalability of the technology, and absence of standards and regulations are the major factors that are restraining the market from growth.

Economic Impact of Covid-19:

The analysis of the COVID-19 recovery trajectory provides an overview of the main strategies that industries are implementing to respond to and recover from the economic crisis. It also focuses on the post-pandemic and pre-pandemic era of the Global Additive Manufacturing Market through PEST analysis, SWOT, Quantitative and Qualitative analysis, Attractive analysis, and DROs. Innovations by market players and an increasing number of products will propel the growth of this market.

Key Players:

• General Electric Co.
• Stratasys Ltd
• Made In Space
• Canon Inc
• Materialise NV
• 3D Systems, Inc
• Autodesk Inc
• Voxeljet AG
• Envision Tech GmbH
• Arcam AB
• Hewlett-Packard Development Co., L.P
• Nano Dimension Ltd.
• EOS GmbH
• Renishaw plc
• ExOne
• Others

The above key players in the Global Additive Manufacturing Market can be changed according to the client’s requirements.

Moreover, the key players aim towards expansion, joint ventures, collaboration, mergers, and acquisitions to advance capabilities in the Additive Manufacturing Market. In recent years there have been many mergers and acquisitions in private additive manufacturing owned by the same parent company with different names.

The global additive manufacturing market is expanding and getting mature in the coming years. The top and new companies are entering this market at the bottom of the pyramid, contributing to the exponential and massive growth of the industry.

Recent Developments in Global Additive Manufacturing Market.

In 2024:  AI Builds (London-based) entered a reseller partnership with WEBER Additive (Germany-based).

This partnership will combine WEBER’s extruding heads with AI Build’s award-winning software to provide fully integrated large-format additive manufacturing solutions. With 60 years of experience in direct extrusion, WEBER has the highest quality and robust machine in the market. AI Build partners with major manufacturing firms including Boeing expanding the use of additive manufacturing in large-scale industrial applications. Moreover, in October last year, the company completed a funding series of USD 8.5 Million, led by IQ Capital.

In 2024: Zeda acquires the Orthopaedic Implant Company (OIC)

Zeda, an innovative healthcare solutions provider utilizing additive manufacturing technology has acquired the Orthopaedic Implant Company (OIC) an orthopaedic company a leader in value-based implants. This acquisition will be a significant leap for Zeda in strengthening

Last year Zeda opened a new 75000-square foot facility in Cincinnati, Ohio dedicated to providing cutting-edge manufacturing and nano-coating technologies.  Under Zeda, OIC will reach different heights by giving cost-effective, high-quality orthopaedic solutions in the US and abroad.

Global Additive Manufacturing Market: Key Benefits:

1. The report provides information regarding key drivers, restraints, and opportunities with impact analysis.
2. Quantitative and Qualitative analysis of the current market.
3. Estimations for the forecast period 2033.
4. Historical data and forecast data.
5. Recent developments and trends in the market.   
6. Market share of the market players, company profiles, SWOT analysis, and competitive landscape.
7. Covid-19 Impact analysis

Global Additive Manufacturing Market Segmentation:

By Technology:

• Material Jetting
• Binder Jetting
• Powder Bed Fusion
• Direct Energy Deposition
• Photo Polymerization
• Laser Metal Deposition
• Digital Light Processing
• Polyjet Printing
• Electron Beam Melting
• Selective Laser Sintering
• Others

By Material:

• Plastic
• Alloy
• Ceramics
• Polymer

By Software:

• Design Software
• Printing Software
• Scanning Software
• Inspection Software

 By Application:

• Tooling
• Prototype
• Functional Parts

By Component:

• Software
• Hardware
• Services

By Vertical

• Industrial Additive Manufacturing
• Automotive
• Healthcare
• Power & Energy
• Consumer Electronics
• Aerospace & Defence
• Desktop Additive Manufacturing
• Fashion & Jewellery
• Objects
• Dentals
• Education Purpose
• Foods
• Others

By Region:

Asia-Pacific

• Japan
• China
• India
• Australia
• New Zealand
• Rest of Asia-Pacific

 

North America

• US
• Canada
• Mexico

Europe

• Germany
• France
• Italy    
• Spain
• UK
• Rest of Europe

The rest of the World

Each of the market segments has been analyzed in detail for market trends, recent trends and developments, drivers, restraints, opportunities, and competitive analysis.

Research Scope:

Report Scope	Details
Base Year	2023
Historical Years	2019 to 2022
Forecast Years	2024 to 2033
Market Size 2023	USD 20.38 BN
Market Revenue 2033	USD 95.82 BN
Growth Rate 2024- 2033	23.1 %
Report Coverage	Trends, SWOT Analysis, Competitive Landscape, DROs, Revenue Forecast, PEST Analysis.
Segments Covered	Technology Material, Software, Application, Component, Vertical, Region
Companies Mentioned	General Electric Co., Stratasys Ltd, Made In Space, Canon Inc., Materialise NV, 3D Systems, Inc., Autodesk Inc., Voxeljet AG, Envision Tech GmbH\, Arcam AB, Hewlett-Packard Development Co., L.P, Nano Dimension Ltd., EOS GmbH, Renishaw plc, ExOne
Customization	Yes

Regional Analysis:

North America has dominated the other region in 2022 with the largest market share of 36 %. The growth of additive manufacturing in this region is expected to sustain its position due to the rising adoption of various technologies by different industries and the presence of major companies here.

The United States is predicted to grow faster in terms of revenue over the coming years. The Aerospace & defence industries are driving the growth of additive manufacturing in this region. The additive manufacturing market is increasing due to its use in the aerospace industry of additive manufacturing technology to create lightweight and complicated aircraft engine components. Furthermore, the production of weapons is done by utilising additive manufacturing in defence sectors. New developments and investments are also making significant growth in the additive manufacturing market.

Europe is expanding moderately in the additive manufacturing market. Europe holds some major companies that have strong technological expertise in the additive manufacturing market. Germany is the leading market region for players like GE, DMG MORI and SLM Solutions. The Automotive and aerospace sectors are driving the growth of the additive manufacturing market in the Europe region.

Key questions answered by this report.

1. Top market players contributing to the revenue?
2. Trending strategies by the players?
3. Which region will be the leading one in the forecast period?
4. Factors that drive the Global Additive Manufacturing Market?
5. Which factors will affect the Global Additive Manufacturing Market?
6. How Covid-19 pandemic impacted the growth of the Global Additive Manufacturing Market
7. Which Segment accounted for the Global Additive Manufacturing Market shares?

Frequently Asked Questions (FAQ) :