The Additive Manufacturing Market Size was valued at USD 20.44 billion in 2023 and is expected to reach USD 126.97 billion by 2032 and grow at a CAGR of 22.5% over the forecast period 2024-2032.
The additive manufacturing market, commonly referred to as 3D printing, has gained remarkable traction globally due to its potential to revolutionize production processes across various industries. The technology enables manufacturers to create highly complex structures and customize designs with minimal waste, making it an appealing option for sectors like aerospace, automotive, healthcare, and consumer goods. Additive manufacturing’s unique layer-by-layer approach reduces lead times significantly, allowing for rapid prototyping and reducing dependency on traditional tooling methods. As the technology continues to evolve, it is moving beyond prototyping into full-scale production, which is expected to drive significant market growth in the coming years.
One of the key drivers of the additive manufacturing market is its alignment with sustainability goals. With rising environmental concerns, industries are adopting eco-friendly processes that minimize waste and use less material, both of which are inherent advantages of 3D printing. Additionally, advancements in materials technology, such as bio-based polymers and metal alloys specifically engineered for 3D printing, are expanding the applications of additive manufacturing and enabling high-performance, sustainable production. As a result, companies across sectors are investing in additive manufacturing to optimize their supply chains, enhance product innovation, and reduce their carbon footprint, further accelerating the market's expansion globally.
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Covid 19 impact analysis:
The latest report is the most recent study that offers 360° coverage of the Additive Manufacturing industry that has been facing the brunt of the adverse economic impact of the COVID-19 outbreak since the beginning of this year. The global health crisis has affected nearly every aspect of the business vertical and led to massive disruptions to the global Additive Manufacturing market demand and supply chains. Researchers draw predictions for the market scenario in the post-COVID era. The report, additionally, assesses the present market situation and estimates its future outcomes, keeping in mind the impact of the pandemic on the global economic landscape.
Major companies profiled in the market report include
3D Systems, Inc., 3DCeram, Arcam AB, Autodesk, Inc., Canon, Inc., Dassault Systemes, EnvisionTec, Inc., EOS (Electro Optical Systems) GmbH, ExOne, GE Additive, HP Inc., madeinspace.us, Materialise NV, Optomec, Inc., Organovo Holdings Inc., Proto Labs, Inc., Shapeways, Inc., Stratasys, Ltd, Tiertime, Voxeljet AG
Research objectives:
The latest research report has been formulated using industry-verified data. It provides a detailed understanding of the leading manufacturers and suppliers engaged in this market, their pricing analysis, product offerings, gross revenue, sales network & distribution channels, profit margins, and financial standing. The report’s insightful data is intended to enlighten the readers interested in this business sector about the lucrative growth opportunities in the Additive Manufacturing market.
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It has segmented the global Additive Manufacturing market
By Component
- Hardware
- Software
- Services
By Printer Type
- Desktop 3D Printer
- Industrial 3D Printer
By Software
- Design Software
- Inspection Software
- Printer Software
- Scanning Software
Key Reasons to Purchase this Report:
- A comprehensive study of market size, share and dynamics is a global Additive Manufacturing'market research report and a thorough survey of developments in the field.
- It offers an in-depth overview of revenue growth and an analysis of the total business benefits.
- In addition to the strategic landscape for commodity pricing and marketing, the Additive Manufacturing' industry research also provides key players.
- This is a new post covering the latest impact on the target market. The research report addresses the rapidly evolving market climate as well as the initial and future impact assessment
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