Additive Manufacturing (AM) is different from the subtractive method of production, which envisages grinding out unnecessary material from a block of material. The use of additive manufacturing in industrial applications usually refers to 3D printing. Additive manufacturing involves a layer-by-layer addition of material to form an object while referring to a three-dimensional file with the help of a 3D printer and 3D printer software. A suitable additive manufacturing technology is selected from the available set of technologies depending upon the application.
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Data Bridge Market Research analyses that the North America, Europe and Asia-Pacific Additive Manufacturing Market is expected to reach USD 88.78 billion by 2031 from USD 21.50 billion in 2023, growing with a CAGR of 19.4% in the forecast period of 2024 to 2031.
Key Findings of the Study
Advantages Offered by Additive Manufacturing in Various End-User Industries
Various end user sectors such as aerospace, defense, architecture, healthcare and others, widely adopt additive manufacturing, and the construction industry is no exception. The construction industry has been using additive manufacturing for decades and can successfully implement it in certain applications. Initially, it was used only for product prototyping. Eventually, its applications in the construction industry is increased. 3D printers are now capable of printing building walls and processing cement. The technology could also help reshape construction. As additive manufacturing processes improved, their uses in the construction industry began to expand. Before adopting Building Information Modeling (BIM), architectural firms even used additive manufacturing for building scale models. Therefore, various advantages offered by additive manufacturing is driving the market growth.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2024 to 2031
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Base Year
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2023
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Historic Years
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2022 (Customizable to 2016-2021)
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Quantitative Units
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Revenue in USD Billion
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Segments Covered
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Material Type (Metal, Plastic, Alloys, and Ceramics), Technology (Stereolithography (SLA), Fused Disposition Modelling (FDM), Laser Sintering (LS), Binder Jetting Printing, Polyjet Printing, Electron Beam Melting (EBM), Laminated Object Manufacturing (LOM), and Others), Application (Automotive, Healthcare, Aerospace, Consumer Goods, Industrial, Defense, Architecture, and Others)
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Countries Covered
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U.S., Canada, Mexico, Germany, U.K., Italy, France, Spain, Russia, Switzerland, Turkey, Belgium, Netherlands, Rest of Europe, Japan, China, South Korea, India, Singapore, Thailand, Indonesia, Malaysia, Philippines, Australia & New Zealand, and Rest of Asia-Pacific
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Market Players Covered
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SLM Solutions (Germany), Proto Labs (U.S), Stratasys (U.S.), Renishaw plc. (Emgland), Materialise (Belgium), Titomic Limited. (Australia), Höganäs AB (Sweden), YAMAZAKI MAZAK CORPORATION (Japan), Markforged (U.S), Ultimaker (Netherlands), Optomec, Inc. (Mexico), Desktop Metal, Inc. (U.S.), American Additive Manufacturing LLC (U.S.), ANSYS, Inc. (U.S), ARBURG GmbH + Co KG (Germany), EOS (Germany), Momentum (Russia), and 3D Systems, Inc. (U.S.), among others
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Segment Analysis
North America, Europe and Asia-Pacific additive manufacturing market is segmented based on material type, technology, and application.
- On the basis of material type, the North America, Europe and Asia-Pacific additive manufacturing market is segmented into metal, plastic, alloys, and ceramics
In 2024, the metal segment is expected to dominate the North America, Europe and Asia-Pacific additive manufacturing market
In 2024, the metal segment is expected to dominate the market with a 34.17% market share due to the advantages offered by additive manufacturing in various end-user industries.
- On the basis of technology, the North America, Europe and Asia-Pacific additive manufacturing market is segmented into Steriolithography (SLA), polyjet printing, binder jetting printing, Laser Sintering (LS), Electron Beam Melting (EBM), Fused Disposition Modelling (FDM), Laminated Object Manufacturing (LOM), and others
In 2024, Steriolithography (SLA) segment is expected to dominate the North America, Europe and Asia-Pacific additive manufacturing market
In 2024, Steriolithography (SLA) segment is expected to dominate the North America, Europe and Asia-Pacific additive manufacturing market with a 27.62% market share due to increasing demand for lightweight components from the automotive and aerospace industries.
- On the basis of application, the market is segmented into aerospace, automotive, consumer goods, healthcare, defense, industrial, architecture, and others. In 2024, the automotive segment is expected to dominate the North America, Europe and Asia-Pacific additive manufacturing market with a 27.97% market share
Major Players
Data Bridge Market Research analyzes Höganäs AB (Sweden), Yamazaki Mazak Corporation (Japan), ANSYS, Inc. (U.S.), ARBURG GmbH + Co KG (Germany), and EOS GmbH (Germany) as the major players in the North America, Europe and Asia-Pacific additive manufacturing market.
Market Development
- In October 2022, Ansys, Inc announced the availability of Ansys Gateway powered by Amazon Web Services (AWS), allowing customers to use popular Ansys products in one unique workspace on AWS – helping simplify access to faster, more flexible, more flexible, and highly scalable engineering solutions. This launch will help the company to gain popularity in innovative solutions
- In October 2022, Ansys, Inc and TSMC continued their long-standing technology collaboration to announce the certification of Ansys’ power integrity software for TSMC’s FINFLEX™ innovation and the TSMC N4 process
- In November 2021, ARBURG GmbH + Co KG announced the merger of its additive manufacturing activities under a newly formed new subsidiary ARBURGadditive GmbH + Co KG. This development helped the company to expand its business in additive manufacturing
- In May 2022, EOS and Sauber Technologies signed a three-year additive manufacturing technology partnership at the Formula (F1) Grand Prix in Barcelona, Spain. This development helped the company to create goodwill
- In November 2022, 3D Systems and ALM announced signed for a partnership to expand access to industry-leading 3D printing materials. ALM will add 3D Systems’ DuraForm® PAx material to its portfolio, providing its customers access to a unique copolymer specifically designed for use with available Selective Laser Sintering (SLS) technologies
Regional Analysis
Geographically, the countries covered in the North America, Europe and Asia-Pacific additive manufacturing market report are U.S., Canada, Mexico, Germany, U.K., Italy, France, Spain, Russia, Switzerland, Turkey, Belgium, Netherlands, rest of Europe, Japan, China, South Korea, India, Singapore, Thailand, Indonesia, Malaysia, Philippines, Australia & New Zealand, and rest of Asia-Pacific.
As per Data Bridge Market Research analysis:
North America is the dominant region in the North America, Europe and Asia-Pacific additive manufacturing market
North America is estimated to dominate in the North America, Europe and Asia-Pacific additive manufacturing market due to increasing government funding to promote additive manufacturing in the region.
Europe is the fastest growing region in the North America, Europe and Asia-Pacific additive manufacturing market
Europe is estimated to be the fastest growing region due to increasing demand for lightweight components from the automotive and aerospace industries in the region.
For more detailed information about the North America, Europe and Asia-Pacific additive manufacturing market report, click here – https://www.databridgemarketresearch.com/reports/north-america-europe-and-asia-pacific-additive-manufacturing-market
