Wilmington, Oct. 25, 2023 (GLOBE NEWSWIRE) -- According to RationalStat’s most recent industry analysis, the Global Additive Manufacturing Market value is assessed at US$ 15 billion in 2023 and is expected to rise at a strong CAGR of over 18% over the forecast period of 2023-2030.
Market Definition, Market Scope, and Report Overview
Additive manufacturing (AM), also known as 3D printing, is a breakthrough manufacturing technology that uses digital 3D design data to produce products layer by layer. In contrast to traditional subtractive manufacturing methods, which entail removing material from a solid block, additive manufacturing adds material layer upon layer, allowing for the fabrication of sophisticated and detailed structures.
Due to the subtractive nature of the operations, traditional manufacturing methods can cause significant material waste. Additive manufacturing is an additive technique in which material is added layer by layer, considerably minimizing waste. This is consistent with the increased emphasis on sustainability and environmentally friendly production practices.
- According to a deep-dive market assessment by RationalStat, the global Additive Manufacturing market has been analyzed on the basis of market segments, including material type, technology, application, and geography/regions (including North America, Latin America, Western Europe, Eastern Europe, Middle East & Africa, and Asia Pacific). The report also offers global and regional market sizing for the historical period of 2019-2022 and the forecast period of 2023-2030.
- Market intelligence for the global Additive Manufacturing market covers market sizes on the basis of market value (US$/EUR Million) and volume (Units) by various products/services/equipment, demand assessment across the key regions, customer sentiments, price points, cost structures, margin analysis across the value chain, financial assessments, historical and forecast data, key developments across the industry, import-export data, trade overview, components market by leading companies, etc.
- In addition, the long-term sector and products/services 10-year outlook and its implications on the global Additive Manufacturing market. It also includes the industry's current state – Production Levels, Capacity Utilization, Tech quotient, etc. Key information will be manufacturing capacity by country, installed base, import volumes, market size, key players, market size, dynamics, market data, insights, etc.
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Global Additive Manufacturing Market: Segmental and Market Share Analysis
- Based on technology, in 2021, the stereolithography segment dominated the market, accounting for more over 8% of total revenue. Stereolithography is one of the oldest and most widely used printing processes.
- Based on application, in 2021, the prototyping segment led the market, accounting for more than 55% of total revenue. The prototype method is widely employed in a variety of businesses and industry verticals.
Report Synopsis
| Report Metrics | Details |
| Base Year | 2023 |
| Forecast Period | 2023-2030 |
| Base Year Market Size | US$ 15 billion |
| Market Size Forecast | US$ 47.7 billion |
| Growth Rate | 18% |
| Dominant Segment | Stereolithography |
| Dominant Region | North America |
| Key Market Drivers |
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| Companies Profiled |
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Competition Analysis and Market Structure
Some leading players adopt various strategies in order to reinforce their market share and gain a competitive edge over other competitors in the market. Mergers & acquisitions, partnerships and collaborations, and product launches are some of the strategies followed by industry players. Some of the key developments in the global additive manufacturing market include,
- In October 2023, Essentium, a pioneer in industrial additive manufacturing solutions, partnered up with KVG, a globally recognized mission support provider, to supply 3D printing solutions, training, and manufacturing tools to Ukraine.
Some of the prominent players and suppliers operating and contributing significantly to the global additive manufacturing market growth include 3D System Inc, ANSYS Inc., Höganäs AB, ARBURG GmbH, Stratasys, Renishaw plc, Yamazaki Mazak Corporation, Titomic Limited, SLM Solutions, Ultimaker BV, American Additive Manufacturing LLC, and Optomec, Inc., among others.
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RationalStat has segmented the global additive manufacturing market based on material type, technology, application, and region
- Global Additive Manufacturing Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Material Type
- Metals
- Plastics
- Alloys
- Ceramics
- Global Additive Manufacturing Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Technology
- Stereolithography (SLA)
- Fused Disposition Modeling (FDM)
- Laser Sintering (LS)
- Binder Jetting Printing
- Polyjet Printing
- Electron Beam Melting (EBM)
- Others (Laminated object manufacturing (LOM), etc.)
- Global Additive Manufacturing Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Application
- Automotive
- Healthcare
- Prototyping
- Aerospace
- Consumer Goods
- Industrial
- Defense
- Others (Architecture, etc.)
- Global Additive Manufacturing Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Region
- North America Additive Manufacturing Market
- US
- Canada
- Latin America Additive Manufacturing Market
- Brazil
- Mexico
- Rest of Latin America
- Western Europe Additive Manufacturing Market
- Germany
- UK
- France
- Spain
- Italy
- Benelux
- Nordic
- Rest of Western Europe
- Eastern Europe Additive Manufacturing Market
- Russia
- Poland
- Hungary
- Other CIS Countries
- Rest of Eastern Europe
- Asia Pacific Additive Manufacturing Market
- China
- Japan
- India
- South Korea
- Australia
- ASEAN
- Indonesia
- Thailand
- Philippines
- Vietnam
- Malaysia
- Rest of ASEAN
- Rest of Asia Pacific
- Middle East & Africa Additive Manufacturing Market
- GCC
- Saudi Arabia (KSA)
- United Arab Emirates (UAE)
- Rest of the GCC
- South Africa
- Nigeria
- Turkey
- Rest of the Middle East & Africa
- GCC
- North America Additive Manufacturing Market
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Key Questions Answered in the Additive Manufacturing Report:
- What will be the market value of the global additive manufacturing market by 2030?
- What is the market size of the global additive manufacturing market?
- What are the market drivers of the global additive manufacturing market?
- What are the key trends in the global additive manufacturing market?
- Which is the leading region in the global additive manufacturing market?
- What are the major companies operating in the global additive manufacturing market?
- What are the market shares by key segments in the global additive manufacturing market?
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Research Methodology
RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts’ viewpoint to create a research methodology for market sizing and forecasting.
RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:
- Defining the problem by understanding the type of market and data required by the client.
- Data gathering and collection through relevant paid databases, publicly available sources, company reports, annual reports, surveys, and interviews.
- Formulating a hypothesis to create market numbers, forecasts, influencing factors, and their relevance.
- Evaluating and analyzing the data by referring to data sources utilized and leveraged.
- Validating, interpreting, and finalizing the data by combining the details gathered from primary and secondary sources with the help of experienced analysts.
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About RationalStat LLC
RationalStat is an end-to-end global market intelligence and consulting company that provides comprehensive market research reports, customized strategy, and consulting studies. The company has sales offices in India, Mexico, and the US to support global and diversified businesses. The company has over 80 consultants and industry experts, developing more than 850 market research and industry reports for its report store annually.
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