Market Overview

Additive Manufacturing Market is projected to achieve a value of USD 17.23 Billion in 2023, with a linear behavior in the market growth it is forecasted to achieve a value of USD 84.87 Billion by 2033 with a CAGR of 21.65% during the forecast period 2024-2033.

Additive manufacturing (AM), commonly known as 3D printing, is a manufacturing process that builds objects layer by layer from digital 3D models. Unlike traditional subtractive manufacturing methods, where material is cut away from a solid block to create a part, additive manufacturing adds material layer by layer to create a three-dimensional object. Additive manufacturing offers several advantages, including design flexibility, rapid prototyping, reduced waste, and the ability to produce complex geometries that may be challenging or impossible with traditional manufacturing methods. It is used across various industries, including aerospace, healthcare, automotive, and consumer goods. However, the technology is continually evolving, with ongoing research and development to expand its capabilities and applications.

Consumers are becoming increasingly aware of additive manufacturing and its potential benefits. A recent survey by WE Market Research found that 61% of consumers have heard of additive manufacturing, and 42% are familiar with its applications. This growing awareness is likely to drive demand for additive manufacturing products in the future.

Consumers are willing to pay a premium for additive manufacturing products, particularly for products that are customized or personalized. Around 67% of consumers are willing to pay a premium for a product that is made using additive manufacturing. This suggests that there is a strong market for additive manufacturing products that offer unique value propositions.

Consumers generally have positive perceptions of additive manufacturing. As per Wohlers Associates 65% of consumers believe that additive manufacturing is a valuable technology, and 62% believe that it has the potential to change the way products are made. These positive perceptions are likely to encourage consumers to adopt additive manufacturing products in the future.

Market Scope

Report Attributes	Description
Market Size in 2023	USD 17.23 Billion
Market Forecast in 2033	USD 84.87 Billion
CAGR % 2024-2033	21.65%
Base Year	2023
Historic Data	2016-2022
Forecast Period	2024-2033
Report USP	Production, Consumption, company share, company heatmap, company production capacity, growth factors and more
Segments Covered	By Component, by Printer Type, Technology, by Software, by Application by Material and by vertical
Regional Scope	North America, Europe, APAC, South America and Middle East and Africa
Growth Drivers	The decentralized and on-demand nature of additive manufacturing contributes to enhanced supply chain resilience. Companies can reduce dependency on centralized manufacturing facilities and respond more effectively to fluctuations in demand. Additive manufacturing aligns with the principles of Industry 4.0, integrating digitalization, automation, and data exchange. The seamless integration of additive manufacturing into smart manufacturing processes enhances overall efficiency and flexibility. Additive manufacturing has found applications across various industries, including automotive, aerospace, healthcare, consumer goods, and electronics. The widespread adoption across diverse sectors contributes to the overall growth of the additive manufacturing market.
Country Scope	U.S.; Canada; U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia; China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico; Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria
Key Companies	Stratasys, Ltd.; Materialise NV; EnvisionTec, Inc.; 3D Systems, Inc.; GE Additive; Autodesk Inc.; Made In Space; Canon Inc.; Voxeljet AG.  among others

Market Dynamics

The availability and development of new materials suitable for additive manufacturing play a crucial role. Advancements in materials that enable the printing of functional and end-use parts, including metals, polymers, ceramics, and composites, drive market growth.

The range of applications for additive manufacturing continues to expand. Industries such as aerospace, healthcare, automotive, consumer goods, and more are increasingly adopting 3D printing for prototyping, tooling, and production of end-use parts. The versatility of the technology contributes to its market growth.

Additive manufacturing enables customization and personalization of products, which aligns with the growing consumer demand for unique and tailored goods. This trend is particularly notable in industries like healthcare (custom implants) and consumer products.

The ability of additive manufacturing to facilitate rapid prototyping and agile manufacturing processes is a key driver. This feature allows companies to iterate designs quickly, reducing time to market and overall development costs.

The establishment of industry standards and regulations is an essential aspect of market dynamics. As additive manufacturing becomes more prevalent in critical industries, the development of standards and regulations helps ensure product quality, safety, and interoperability.

Economic conditions and investment in research and development impact the growth of the additive manufacturing market. Funding, both public and private, for Additive Manufacturing startups and research initiatives can influence market dynamics.

The COVID-19 pandemic highlighted vulnerabilities in global supply chains. Additive manufacturing, with its potential for decentralized production, gained attention as a means to address some of these challenges, impacting market dynamics.

Market- Component Analysis

Hardware is the largest segment of the additive manufacturing market, accounting for an estimated 62% of the global market share in 2022. This is due to the high cost of additive manufacturing machines and the need for specialized equipment to produce 3D-printed objects.

Software is the second-largest segment of the additive manufacturing market, accounting for an estimated 24% of the global market share in 2022. This is due to the increasing complexity of additive manufacturing processes and the need for software to design and manage 3D-printed objects.

Services are the third-largest segment of the additive manufacturing market, accounting for an estimated 14% of the global market share in 2022. This is due to the growing demand for outsourced additive manufacturing services, such as design, prototyping, and production.

Market- Printer Type Analysis

Industrial 3D printers are the largest segment of the additive manufacturing market, accounting for an estimated 64% of the global market share in 2022. This is due to the high precision and accuracy of industrial 3D printers, which makes them well-suited for producing functional parts for various applications. Industrial 3D printers are also used for rapid prototyping and tooling.

Desktop 3D printers are the second-largest segment of the additive manufacturing market, accounting for an estimated 36% of the global market share in 2022. This is due to the lower cost and ease of use of desktop 3D printers, which makes them accessible to a wider range of users, including hobbyists, educators, and small businesses. Desktop 3D printers are often used for educational purposes, prototyping, and creating custom-made products.

Market- Application Analysis

Prototyping is the largest application segment of the additive manufacturing market, accounting for an estimated 42% of the global market share in 2022. This is due to the wide range of benefits that additive manufacturing offers for prototyping, such as: Rapid prototyping, Design flexibility and Low Cost.

Tooling is the second-largest application segment of the additive manufacturing market, accounting for an estimated 28% of the global market share in 2022. This is due to the ability of additive manufacturing to produce: Custom tooling, Complex tooling and Lightweight tooling

Market- Material Analysis

Polymers are the largest material segment of the additive manufacturing market, accounting for an estimated 52% of the global market share in 2022.

Metals are the second-largest material segment of the additive manufacturing market, accounting for an estimated 44% of the global market share in 2022. This is due to the high strength and durability of metals, which makes them suitable for a wide range of applications, such as: Aerospace, Automotive, Medical, etc.,

Ceramics are the smallest material segment of the additive manufacturing market, accounting for an estimated 4% of the global market share in 2022. This is due to the challenges associated with processing ceramics using additive manufacturing techniques.

Market-Regional Analysis

North America is the largest market for additive manufacturing globally, accounting for nearly 40% of the market share in 2022. The region's strong industrial base and high adoption of Additive Manufacturing technologies, particularly in the aerospace, automotive, and medical industries, are driving its dominance in the market.

Europe is the second-largest market for Additive Manufacturing, holding a market share of approximately 30% in 2022. The region's focus on technological innovation and its diverse industrial landscape are contributing to its growth in the Additive Manufacturing industry.

The Asia Pacific region is the fastest-growing market for Additive Manufacturing, with an expected CAGR of over 20% in the coming years. The region's rapid industrialization and increasing demand for customized products are fueling its growth in the Additive Manufacturing market.

The Middle East and Africa (MEA) region is a relatively small market for Additive Manufacturing, but it is expected to grow at a CAGR of over 15% in the coming years. The region's growing oil and gas industry and increasing adoption of Additive Manufacturing technologies are driving its growth in the Additive Manufacturing market.

South America is also a relatively small market for Additive Manufacturing, but it is expected to grow at a CAGR of over 12% in the coming years. The region's growing aerospace and automotive industries and increasing demand for customized products are driving its growth in the Additive Manufacturing industry.

Competitive Analysis

Stratasys, Ltd.; Materialise NV; EnvisionTec, Inc.; 3D Systems, Inc.; GE Additive; Autodesk Inc.; Made In Space; Canon Inc.; Voxeljet AG some of the key players in the Additive Manufacturing market. These companies offer a variety of Additive Manufacturing products for a variety of industries.

The competitive landscape, with the entry of new players and strategic partnerships among existing ones, contributes to market dynamics. Mergers and acquisitions, partnerships, and collaborations are common trends in the additive manufacturing sector.

Research Report Following Segments:

By Type

·         Hardware

·         Software

·         Services

By Printer Type

·         Desktop 3D Printer

·         Industrial 3D Printer

By Technology

·         Stereolithography

·         Fuse Deposition Modeling

·         Selective Laser Sintering

·         Direct Metal Laser Sintering

·         Polyjet Printing

·         Inkjet Printing

·         Electron Beam Melting

·         Laser Metal Deposition

·         Digital Light Processing

·         Laminated Object Manufacturing

·         Others

By Software

·         Design Software

·         Inspection Software

·         Printer Software

·         Scanning Software

By Application

·         Prototyping

·         Tooling

·         Functional Parts

By Vertical

·         Industrial Additive Manufacturing

o   Automotive

o   Aerospace & Defense

o   Healthcare

o   Consumer Electronics

o   Power & Energy

o   Others

·         Desktop Additive Manufacturing

o   Educational Purpose

o   Fashion & Jewelry

o   Objects

o   Dental

o   Food

o   Others

By Material

·         Polymer

·         Metal

·         Ceramic

1.      Global Additive Manufacturing Market Introduction and Market Overview

1.1.   Objectives of the Study

1.2.   Global Additive Manufacturing Market Scope and Market Estimation

1.2.1.      Global Additive Manufacturing Overall Market Size, Revenue (US$ Mn), Market CAGR (%), Market forecast (2023 - 2032)

1.2.2.      Global Additive Manufacturing Market Revenue Share (%) and Growth Rate (Y-o-Y) from 2019 - 2032

1.3.   Market Segmentation

1.3.1.      Component of Global Additive Manufacturing Market

1.3.2.      Printer Type of Global Additive Manufacturing Market

1.3.3.      Application of Global Additive Manufacturing Market

1.3.4.      Technology of Global Additive Manufacturing Market

1.3.5.      Vertical of Global Additive Manufacturing Market

1.3.6.      Material of Global Additive Manufacturing Market

1.3.7.      Region of Global Additive Manufacturing Market

 

2.      Executive Summary

2.1.   Global Additive Manufacturing Market Industry Trends under COVID-19 Outbreak

2.1.1.      Global COVID-19 Status Overview

2.1.2.      Influence of COVID-19 Outbreak on Global Additive Manufacturing Market Industry Development

2.2.   Market Dynamics

2.2.1.      Drivers

2.2.2.      Limitations

2.2.3.      Opportunities

2.2.4.      Impact Analysis of Drivers and Restraints

2.3.   Pricing Trends Analysis & Average Selling Prices (ASPs)

2.4.   Key Mergers & Acquisitions, Expansions, JVs, Funding / VCs, etc.

2.5.   Porter’s Five Forces Analysis

2.5.1.      Bargaining Power of Suppliers

2.5.2.      Bargaining Power of Buyers

2.5.3.      Threat of Substitutes

2.5.4.      Threat of New Entrants

2.5.5.      Competitive Rivalry

2.6.   Value Chain / Ecosystem Analysis

2.7.   Russia-Ukraine War Impacts Analysis

2.8.   Economic Downturn Analysis

2.9.     Market Investment Opportunity Analysis (Top Investment Pockets), By Segments & By Region

 

3.      Global Additive Manufacturing Market Estimates & Historical Trend Analysis (2019 - 2022)

 

4.      Global Additive Manufacturing Market Estimates & Forecast Trend Analysis, by Component

4.1.   Global Additive Manufacturing Market Revenue (US$ Mn) Estimates and Forecasts, by Component, 2019 to 2032

4.1.1.      Hardware

4.1.2.      Software

4.1.2.1.            Design Software

4.1.2.2.            Inspection Software

4.1.2.3.            Printer Software

4.1.2.4.            Scanning Software

4.1.3.      Services

 

5.      Global Additive Manufacturing Market Estimates & Forecast Trend Analysis, by Printer Type

5.1.   Global Additive Manufacturing Market Revenue (US$ Mn) Estimates and Forecasts, by Printer Type, 2019 to 2032

5.1.1.      Desktop 3D Printer

5.1.2.      Industrial 3D Printer

 

6.      Global Additive Manufacturing Market Estimates & Forecast Trend Analysis, by Technology

6.1.   Global Additive Manufacturing Market Revenue (US$ Mn) Estimates and Forecasts, by Technology, 2019 to 2032

6.1.1.       

6.1.2.      Stereolithography

6.1.3.      Fuse Deposition Modeling

6.1.4.      Selective Laser Sintering

6.1.5.      Direct Metal Laser Sintering

6.1.6.      Polyjet Printing

6.1.7.      Inkjet Printing

6.1.8.      Electron Beam Melting

6.1.9.      Laser Metal Deposition

6.1.10.  Digital Light Processing

6.1.11.  Laminated Object Manufacturing

6.1.12.  Others

 

7.      Global Additive Manufacturing Market Estimates & Forecast Trend Analysis, by Application

7.1.   Global Additive Manufacturing Market Revenue (US$ Mn) Estimates and Forecasts, Application, 2019 to 2032

7.1.1.      Prototyping

7.1.2.      Tooling

7.1.3.      Functional Parts

 

8.      Global Additive Manufacturing Market Estimates & Forecast Trend Analysis, by Vertical

8.1.   Global Additive Manufacturing Market Revenue (US$ Mn) Estimates and Forecasts, by Vertical, 2019 to 2032

8.1.1.      Industrial Additive Manufacturing

8.1.1.1.            Automotive

8.1.1.2.            Aerospace & Defense

8.1.1.3.            Healthcare

8.1.1.4.            Consumer Electronics

8.1.1.5.            Power & Energy

8.1.1.6.            Others

8.1.2.      Desktop Additive Manufacturing

8.1.2.1.            Educational Purpose

8.1.2.2.            Fashion & Jewelry

8.1.2.3.            Objects

8.1.2.4.            Dental

8.1.2.5.            Food

8.1.2.6.            Others

 

9.      Global Additive Manufacturing Market Estimates & Forecast Trend Analysis, by Material

9.1.   Global Additive Manufacturing Market Revenue (US$ Mn) Estimates and Forecasts, by Material, 2019 to 2032

9.1.1.      Polymer

9.1.2.      Metal

9.1.3.      Ceramic

 

10.  Global Additive Manufacturing Market Estimates & Forecast Trend Analysis, by Region

10.1.                    Global Additive Manufacturing Market Revenue (US$ Mn) Estimates and Forecasts, by Region, 2019 to 2032

10.1.1.  North America

10.1.2.  Europe

10.1.3.  Asia Pacific

10.1.4.  Middle East & Africa

10.1.5.  South America

 

11.  North America Additive Manufacturing Market: Estimates & Forecast Trend Analysis

11.1.     North America Additive Manufacturing Market Assessments & Key Findings

11.1.1.  North America Additive Manufacturing Market Introduction

11.1.2.  North America Additive Manufacturing Market Size Estimates and Forecast (US$ Million) (2019 – 2032)

11.1.2.1.  By Component

11.1.2.2.  By Printer Type

11.1.2.3.  By Technology

11.1.2.4.  By Application

11.1.2.5.  By Vertical

11.1.2.6.  By Material

11.1.2.7.  By Country

11.1.2.7.1.              The U.S.

11.1.2.7.2.              Canada

11.1.2.7.3.              Mexico

 

12.  Europe Additive Manufacturing Market: Estimates & Forecast Trend Analysis

12.1. Europe Additive Manufacturing Market Assessments & Key Findings

12.1.1.  Europe Additive Manufacturing Market Introduction

12.1.2.  Europe Additive Manufacturing Market Size Estimates and Forecast (US$ Million) (2019 – 2032)

12.1.2.1.  By Component

12.1.2.2.  By Printer Type

12.1.2.3.  By Technology

12.1.2.4.  By Application

12.1.2.5.  By Vertical

12.1.2.6.  By Material

12.1.2.7.  By Country

12.1.2.7.1.              Germany

12.1.2.7.2.              U.K.

12.1.2.7.3.              France

12.1.2.7.4.              Italy

12.1.2.7.5.              Spain

12.1.2.7.6.              Russia

12.1.2.7.7.              Rest of Europe

 

13.  Asia Pacific Additive Manufacturing Market: Estimates & Forecast Trend Analysis

13.1. Asia Pacific Market Assessments & Key Findings

13.1.1.  Asia Pacific Additive Manufacturing Market Introduction

13.1.2.  Asia Pacific Additive Manufacturing Market Size Estimates and Forecast (US$ Million) (2019 – 2032)

13.1.2.1.  By Component

13.1.2.2.  By Printer Type

13.1.2.3.  By Technology

13.1.2.4.  By Application

13.1.2.5.  By Vertical

13.1.2.6.  By Material

13.1.2.7.  By Country

13.1.2.7.1.              China

13.1.2.7.2.              Japan

13.1.2.7.3.              India

13.1.2.7.4.              Australia

13.1.2.7.5.              South Korea

13.1.2.7.6.              ASEAN

13.1.2.7.7.              Rest of Asia Pacific

 

14.  Middle East & Africa Additive Manufacturing Market: Estimates & Forecast Trend Analysis

14.1. Middle East & Africa Market Assessments & Key Findings

14.1.1.  Middle East & Africa Additive Manufacturing Market Introduction

14.1.2.  Middle East & Africa Additive Manufacturing Market Size Estimates and Forecast (US$ Million) (2019 – 2032)

14.1.2.1.  By Component

14.1.2.2.  By Printer Type

14.1.2.3.  By Technology

14.1.2.4.  By Application

14.1.2.5.  By Vertical

14.1.2.6.  By Material

14.1.2.7.  By Country

14.1.2.7.1.                 U.A.E.

14.1.2.7.2.                 Saudi Arabia

14.1.2.7.3.                 Egypt

14.1.2.7.4.                 South Africa

14.1.2.7.5.                 Rest of Middle East & Africa

 

15.  South America Additive Manufacturing Market: Estimates & Forecast Trend Analysis

15.1. South America Market Assessments & Key Findings

15.1.1.  South America Additive Manufacturing Market Introduction

15.1.2.  South America Additive Manufacturing Market Size Estimates and Forecast (US$ Million) (2019 – 2032)

15.1.2.1.  By Component

15.1.2.2.  By Printer Type

15.1.2.3.  By Technology

15.1.2.4.  By Application

15.1.2.5.  By Vertical

15.1.2.6.  By Material

15.1.2.7.  By Country

15.1.2.7.1.              Brazil

15.1.2.7.2.              Argentina

15.1.2.7.3.              Colombia

15.1.2.7.4.              Rest of South America

 

16.  Competition Landscape

16.1. Global Additive Manufacturing Market Competition Matrix & Benchmarking, by Leading Players / Innovators / Emerging Players / New Entrants

16.2. Global Additive Manufacturing Market Competition White Space Analysis, By End-user

16.3. Global Additive Manufacturing Market Competition Heat Map Analysis, By End-user

16.4. Global Additive Manufacturing Market Concentration & Company Market Shares (%) Analysis, 2022

 

17.  Company Profiles

17.1.                    Stratasys, Ltd.

17.1.1.  Company Overview & Key Stats

17.1.2.  Financial Performance & KPIs

17.1.3.  Product Portfolio

17.1.4.  Business Strategy & Recent Developments

* Similar details would be provided for all the players mentioned below 

17.2.                    Materialise NV

17.3.                    EnvisionTec, Inc.

17.4.                    3D Systems, Inc.

17.5.                    GE Additive

17.6.                    Autodesk Inc.

17.7.                    Made In Space

17.8.                    Canon Inc.

17.9.                    Voxeljet AG

17.10. Others**

 

18.  Research Methodology

18.1. External Transportations / Databases

18.2. Internal Proprietary Database

18.3. Primary Research

18.4. Secondary Research

18.5. Assumptions

18.6. Limitations

18.7. Report FAQs

 

19.  Research Findings & Conclusion

 

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Market Research Process

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Case Study- Automotive Sector

One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).

Solution

The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research

The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.

Market Estimates and Forecast

In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.

Case Study- ICT Sector

Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.

Business Solution

An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.

Conclusion

The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.