Africa Additive Manufacturing (AM) Market by Technology (Stereolithography, Fused 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, and Others) by Printer Type (Desktop 3D Printer and Industrial 3D Printer) by Material (Polymer, Metal, and Ceramic) by Application (Prototyping, Tooling, and Functional Parts) by Component (Hardware, Software, and Services) and by End-User (Industrial Additive Manufacturing and Desktop Additive Manufacturing) – Opportunity Analysis and Industry Forecast 2023–2030
Industry: Semiconductor & Electronics | Publish Date: 28-Jul-2023 | No of Pages: 75 | No. of Tables: 62 | No. of Figures: 29 | Format: PDF | Report Code : N/A
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Market Definition
Africa Additive Manufacturing (AM) Market was valued at USD 120.55 million in 2022, and is predicted to reach USD 649.79 million by 2030, with a CAGR of 23.4% from 2023 to 2030. Additive manufacturing, commonly known as 3D printing, is a manufacturing technique that involves the gradual construction of objects by layering different materials. This process is guided by a computer, which utilizes data from CAD software or 3D object scanners to shape the materials precisely. To initiate the additive manufacturing process, a design is required, which can be created using CAD software or by scanning an existing object. The software then converts the design into a detailed blueprint that provides specific instructions to the 3D printer. Once the blueprint is transferred, the actual production of the object begins. The time required to complete the additive manufacturing process varies based on the size of the object, with smaller items typically being manufactured more efficiently and in less time.
Localized Manufacturing Driving Additive Manufacturing Growth in Africa
Additive manufacturing offers the opportunity to establish localized manufacturing capabilities in Africa. With the ability to produce objects on demand and closer to the point of consumption, additive manufacturing reduces the need for extensive supply chains and transportation costs. This localized approach to manufacturing is especially beneficial in remote or underserved regions of Africa, promoting economic development and job creation.
Embracing Sustainable Manufacturing Practices Drives Additive Manufacturing Growth in Africa
Sustainability is a growing concern worldwide, including in Africa. Therefore, additive manufacturing aligns with sustainable manufacturing practices by reducing material waste, energy consumption, and carbon emissions compared to traditional manufacturing methods. The environmentally friendly nature of additive manufacturing makes it an attractive option for businesses and governments in Africa seeking sustainable solutions. Thus, it is expected to create significant growth of the market.
Cost Restraints in Additive Manufacturing
The cost of additive manufacturing technologies, including printers, materials, and post-processing equipment is relatively high compared to traditional manufacturing methods. This cost factor may limit the accessibility and adoption of additive manufacturing, particularly for small and medium-sized businesses, which is expected to restrain the growth of the market.
Technological Advancements in Additive Manufacturing Market
Continuous advances in additive manufacturing technology, such as greater printer capabilities, improved materials, and more efficient post-processing procedures, have supported industry expansion. These developments allow for improved quality, faster production, and more application options, driving more sectors to adopt additive manufacturing. As a result, it is expected to create ample opportunities for the future.
Competitive Landscape
The additive manufacturing industry includes several market players such as Stratasys, Markforged Holding Corporation, Desktop Metal Inc., Velo3d, Inc., Formlabs Inc., Protolabs., Xometry Inc., Shapeway Holdings Inc., D Systems, General Electric.
KEY BENEFITS
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The Africa additive manufacturing market report provides a quantitative analysis of the current market and estimations through 2023-2030 that assists in identifying the prevailing market opportunities to capitalize on.
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The study comprises a deep dive analysis of the market trend including the current and future trends for depicting the prevalent investment pockets in the market.
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The information related to key drivers, restraints, and opportunities and their impact on the market is provided in the report.
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The competitive analysis of the market players along with their market share in the Africa additive manufacturing market.
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The SWOT analysis and Porter’s Five Forces model are elaborated in the study.
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Value chain analysis in the market study provides a clear picture of the stakeholders’ roles.
AFRICA ADDITIVE MANUFACTURING MARKET KEY SEGMENTS
By Technology
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Stereolithography
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Fused Deposition Modeling
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Selective Laser Sintering
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Direct Metal Laser Sintering
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Polyjet Printing
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Inkjet Printing
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Electron Beam Melting
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Laser Metal Deposition
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Digital Light Processing
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Laminated Object Manufacturing
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Others
By Printing Type
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Desktop 3D Printer
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Industrial 3D Printer
By Material
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Polymer
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Metal
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Ceramic
By Application
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Prototyping
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Tooling
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Functional Parts
By Component
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Hardware
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Software
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Design Software
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Inspection Software
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Printer Software
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Scanning Software
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Services
By End-User
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Industrial Additive Manufacturing
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Automotive
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Aerospace and Defense
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Healthcare
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Consumer Electronics
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Power and Energy
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Others
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Desktop Additive Manufacturing
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Educational Purpose
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Fashion and Jewelry
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Objects
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Dental
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Food
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Others
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KEY PLAYERS
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Stratasys
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Markforged Holding Corporation
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Desktop Metal Inc.
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Velo3d, Inc.
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Formlabs Inc.
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Protolabs.
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Xometry Inc.
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Shapeway Holdings Inc.
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D Systems
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General Electric
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