Global Additive Manufacturing Market Segmentation, By 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, Defence, Architecture, and Others) - Industry Trends and Forecast to 2031
Additive Manufacturing Market Analysis
The additive manufacturing market is witnessing significant growth, driven by advancements in technology and increasing adoption across various industries. Key developments include the integration of artificial intelligence and machine learning to enhance production efficiency and reduce material waste. In addition, the introduction of new materials, such as advanced polymers and metal alloys, has expanded the application range of additive manufacturing in sectors such as aerospace, healthcare, and automotive. For instance, companies such as Stratasys and Materialise are pioneering solutions that enable the rapid prototyping and production of complex geometries, significantly shortening lead times. Furthermore, the growing trend toward customized products, driven by consumer demand for personalization, is propelling the market forward. Governments are also investing in additive manufacturing technologies to boost local manufacturing capabilities and reduce dependency on global supply chains. As these developments continue to unfold, the additive manufacturing market is set to revolutionize traditional manufacturing processes, offering innovative solutions and enhancing production capabilities across industries.
Additive Manufacturing Market Size
The global additive manufacturing market size was valued at USD 75.97 billion in 2023 and is projected to reach USD 111.05 billion by 2031, with a CAGR of 20.90% during the forecast period of 2024 to 2031. 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 import export analysis, production capacity overview, production consumption analysis, price trend analysis, climate change scenario, supply chain analysis, value chain analysis, raw material/consumables overview, vendor selection criteria, PESTLE Analysis, Porter Analysis, and regulatory framework.
Additive Manufacturing Market Trends
“Increasing Use of Metal 3D Printing Technologies”
The additive manufacturing market is witnessing significant growth, driven by advancements in technology and increasing adoption across various industries. One prominent trend in the additive manufacturing market is the increasing use of metal 3D printing technologies, particularly in the aerospace and automotive sectors. As manufacturers seek to optimize their supply chains and reduce production costs, metal additive manufacturing provides a solution by enabling the production of complex geometries that are often impossible to achieve with traditional methods. For instance, companies such as GE Aviation are utilizing metal 3D printing to create lightweight, high-performance components for jet engines, resulting in significant weight savings and improved fuel efficiency. Furthermore, the development of advanced metal powders and printing techniques, such as Direct Energy Deposition (DED) and Powder Bed Fusion (PBF), is enhancing the capabilities of additive manufacturing. This trend is driving innovation in product design and allowing for more sustainable manufacturing practices, as the precision of additive processes minimizes material waste. As the technology continues to mature, the adoption of metal 3D printing is expected to expand, reshaping the future of manufacturing across various industries.
Report Scope and Additive Manufacturing Market Segmentation
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Attributes
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Additive Manufacturing Key Market Insights
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Segments Covered
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By Application: Automotive, Healthcare, Aerospace, Consumer Goods, Industrial, Defense, Architecture, and Others
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Key Market Players
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ANSYS, Inc. (U.S.), Höganäs AB (Sweden), EOS (Germany), ARBURG GmbH + Co KG (Germany), Stratasys (U.S.), Renishaw plc. (U.K.), YAMAZAKI MAZAK CORPORATION (Japan), Materialise (Belgium), Markforged (U.S.), Titomic Limited. (Australia), SLM Solutions (Germany), Proto Labs (U.S.), ENVISIONTEC US LLC (U.S.), Ultimaker BV (Netherlands), American Additive Manufacturing LLC (U.S.), Optomec, Inc. (U.S.), 3D Systems Inc. (U.S.), and ExOne (U.S.)
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Market Opportunities
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Value Added Data Infosets
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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 import export analysis, production capacity overview, production consumption analysis, price trend analysis, climate change scenario, supply chain analysis, value chain analysis, raw material/consumables overview, vendor selection criteria, PESTLE Analysis, Porter Analysis, and regulatory framework.
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Additive Manufacturing Market Definition
Additive manufacturing (AM) differs from traditional subtractive production methods, which involve removing excess material from a solid block. In industrial applications, additive manufacturing typically refers to 3D printing. This process entails the incremental addition of material in layers to create an object, guided by a three-dimensional digital file and managed through 3D printer software. The choice of additive manufacturing technology is determined based on the specific application and requirements, selecting from a range of available technologies.
Additive Manufacturing Market Dynamics
Drivers
- Increasing Demand for Lightweight Components
The rising demand for lightweight components is a significant driver of the additive manufacturing market, particularly in the aerospace and automotive sectors. As manufacturers seek to improve fuel efficiency and reduce emissions, lightweight materials play a crucial role in meeting these goals. According to a report by the International Air Transport Association (IATA), reducing the weight of an aircraft by just 1% can lead to fuel savings of approximately 0.75%. This has prompted companies such as Boeing and Airbus to adopt additive manufacturing techniques to produce lighter parts, such as brackets and structural components, which can contribute to overall weight reduction. As industries continue to prioritize sustainability and efficiency, the demand for lightweight components will significantly impact the growth of the additive manufacturing market, driving innovation and investment in this area.
- Expanding Applications in Various End-User Industries
The expanding applications of additive manufacturing across various end-user industries serve as a significant market driver, as businesses increasingly recognize the technology's potential to enhance productivity and innovation. Industries such as aerospace, automotive, healthcare, and consumer goods are embracing additive manufacturing to streamline production processes, reduce waste, and enable complex designs that were previously unattainable. Companies such as Airbus are utilizing metal printing to manufacture lightweight components, which help reduce fuel consumption and overall costs. In healthcare, additive manufacturing has revolutionized the production of customized medical devices and implants, as demonstrated by companies such as Stratasys, which has collaborated with hospitals to produce patient-specific surgical models. In addition, the automotive industry is increasingly using 3D printing for prototyping and producing end-use parts. This broadening adoption across sectors underscores the growing importance of additive manufacturing in modern manufacturing strategies, thereby driving market growth.
Opportunities
- Increasing Customization and Bulk Production
Additive manufacturing customization stands out from traditional manufacturing by eliminating the additional costs typically associated with customization and the need for specific molds or tools. Instead, it only requires a prototype 3D design, which can often be created by the customer themselves. Such ease of customization and rapid production capabilities lead to high demand, allowing for the mass production of unique designs without compromising cost or time when utilizing 3D printers. Moreover, this approach facilitates mass customization and enhances the consumer experience, fostering a sense of belonging and satisfaction that is often absent in traditional manufacturing processes. Customers enjoy the freedom to choose their preferred designs, as exemplified by NIKE, which offers shoes on its website with 3D design options that allow consumers to select their own color combinations effortlessly. This capability strengthens the connection between manufacturers and their clients provides a competitive advantage in the market by enabling personalized experiences, ultimately creating wider opportunities in the market.
- Increasing Government Funding
Increasing government funding to promote additive manufacturing presents a significant market opportunity, as governments worldwide recognize the technology's potential to drive innovation, enhance competitiveness, and create jobs. For instance, the U.S. government has invested over USD 300 million in additive manufacturing research through the Advanced Manufacturing National Program Office (AMNPO), aiming to accelerate the adoption of this technology across various industries. In addition, the Department of Defence (DoD) has allocated funds to the Manufacturing Innovation Institute for Advanced Materials and Processes, which focuses on advancing additive manufacturing techniques for military applications. Such funding facilitates research and development and encourages collaboration between industry stakeholders, academic institutions, and government agencies. As a result, countries that actively invest in additive manufacturing are likely to enhance their industrial capabilities, leading to increased production efficiency and lower costs. The growth in government support underscores the potential for additive manufacturing to transform industries and create a more resilient economic landscape, making it a valuable opportunity for businesses and investors alike.
Restraints/Challenges
- High Costs of the Equipment and Machinery
The high costs associated with equipment and machinery pose a significant challenge in the additive manufacturing market, potentially hindering its widespread adoption, particularly among small and medium-sized enterprises (SMEs). For instance, industrial-grade 3D printers can range from tens of thousands to several million dollars, depending on their capabilities and materials used. This financial barrier often deters smaller companies from investing in additive manufacturing technologies, limiting their ability to compete in a market increasingly driven by customization and rapid prototyping. In addition, the costs of maintenance, materials, and skilled personnel further compound the financial challenges. As a result, hampering overall market growth.
- Lack of Software Efficiency
Additive manufacturing utilizing the laser powder-bed fusion (PBF) process can create complex and intricate shapes, including organic structures that were previously too costly or complicated to produce using traditional manufacturing methods. For instance, the design freedoms enabled by laser PBF allow for the development of lightweight components with intricate lattice structures, optimizing material usage. However, laser PBF also presents certain challenges. These include the risk of failure for thin-walled or high-aspect-ratio parts during production, difficulties in removing support structures, variations in surface roughness due to layering effects, and the need for different process parameter settings, such as laser adjustments for up-skin versus down-skin surfaces.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions. Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Additive Manufacturing Market Scope
The market is segmented on the basis of material type, technology, and application. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Material Type
- Metal
- Plastic
- Alloys
- Ceramics
Technology
- Stereolithography (SLA)
- Fused Deposition Modeling (FDM)
- Laser Sintering (LS)
- Binder Jetting Printing
- Polyjet Printing
- Electron Beam Melting (EBM)
- Laminated Object Manufacturing (LOM)
- Others
Application
- Automotive
- Healthcare
- Aerospace
- Consumer Goods
- Industrial
- Defence
- Architecture
- Others
Additive Manufacturing Market Regional Analysis
The market is analysed and market size insights and trends are provided by country, material type, technology, and application as referenced above.
The countries covered in the market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America holds a leading position in the global additive manufacturing market, with the United States at the forefront of this growth. The dominance of the U.S. in the region can be attributed to its advanced technological developments and innovations in 3D printing, which have fostered a robust ecosystem for additive manufacturing. In addition, a strong presence of key industry players, coupled with significant investments in research and development, has further propelled the U.S. to the top of the additive manufacturing landscape.
Asia Pacific is set for significant growth, with the regional market projected to achieve the highest CAGR during the forecast period. This growth can be primarily attributed to ongoing advancements and upgrades undertaken by key players in the manufacturing sector throughout the region. Asia Pacific is increasingly recognized as a manufacturing hub for industries such as automotive, healthcare, and consumer electronics. In addition, rapid urbanization is anticipated to play a crucial role in boosting the adoption of three-dimensional printing in the region over the forecast period.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Additive Manufacturing Market Share
The market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to market.
Additive Manufacturing Market Leaders Operating in the Market Are:
- ANSYS, Inc. (U.S.)
- Höganäs AB (Sweden)
- EOS (Germany)
- ARBURG GmbH + Co KG (Germany)
- Stratasys (U.S.)
- Renishaw plc. (U.K.)
- YAMAZAKI MAZAK CORPORATION (Japan)
- Materialise (Belgium)
- Markforged (U.S.)
- Titomic Limited. (Australia)
- SLM Solutions (Germany)
- Proto Labs (U.S.)
- ENVISIONTEC US LLC (U.S.)
- Ultimaker BV (Netherlands)
- American Additive Manufacturing LLC (U.S.)
- Optomec, Inc. (U.S.)
- 3D Systems Inc. (U.S.)
- ExOne (U.S.)
Latest Developments in Additive Manufacturing Market
- In November 2023, Autodesk Inc. unveiled Autodesk AI, a new technology integrated into its products that provides generative capabilities and intelligent assistance. This innovation is intended to reduce errors by automating repetitive tasks and addressing customer needs
- In March 2023, 3D Systems, Inc. introduced two new printing materials, NextDent Cast and NextDent Base, along with the NextDent LCD1 printing platform, designed to improve material properties and offer an easy-to-use small-format printer. These launches aim to assist customers in accelerating the adoption of additive manufacturing
- In October 2022, GE Additive, a U.S.-based company, launched its new Series 3 binder jet platform, designed for the industrial-scale production of metal parts such as castings. The company has produced over 140,000 of these components, which offer 15% greater fuel efficiency compared to standard alternatives
- In July 2022, Toyota began manufacturing stock parts using HP Multi Jet Fusion 3D printing, offering them alongside traditionally produced spare parts. This initiative aims to optimize the designs and reduce lead times for newly developed components in the automotive sector
- In February 2022, Dassault Systèmes announced a strategic partnership with Cadence Design Systems, Inc. to deliver integrated solutions for developing high-performance electronic systems for enterprise clients across various industries, including high tech, industrial equipment, transportation and mobility, aerospace and defense, and healthcare
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