China 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: 27-Jul-2023 | No of Pages: 76 | No. of Tables: 61 | No. of Figures: 28 | Format: PDF | Report Code : N/A
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Market Definition
China Additive Manufacturing (AM) Market was valued at USD 2.03 billion in 2022, and is predicted to reach USD 1.16 billion by 2030, with a CAGR of 24.4% from 2023 to 2030. Additive manufacturing, often known as 3D printing, is a manufacturing technique that includes layering materials to create items. It is a computer-controlled technology that guides the machinery in shaping the materials using data from CAD software or 3D object scanners. A design is required to begin the additive manufacturing process. CAD software or scanning an existing object can be used to make this design. The design is then converted by the software into a step-by-step blueprint that directs the additive manufacturing machine. The construction of the thing begins after the blueprint is transmitted to the 3D printer. The length of the additive manufacturing process varies with the size of the object being created. The procedure can be simplified for smaller things.
The Broad Applications of Additive Manufacturing in China's Construction Industry
The expanding capabilities of 3D printing technologies are unlocking significant potential and presenting wide-ranging applications for additive manufacturing in China's construction industries. For instance, in November 2021, Advanced Intelligent Construction Technology, also known as AICT, has used its machines to decorate a park using 3D printing for concrete structures and other objects in Shenzhen, China. With a surface area of 5,523 square meters, the park has more than 2,000 3D-printed elements and includes sculptures, benches, flower beds, retaining walls, and curbs that adorn this large green space.
Chinese Entrepreneurs Embrace 3D Printing Across Industries, Collaborating with International OEMs for Effective Solutions
Chinese entrepreneurs have begun to use 3D printing in a variety of industries and are already collaborating with multinational OEMs to produce successful solutions for automobiles, aeroplanes, and factories. For instance, Xi’an Bright Laser Technologies has collaborated with Airbus for years to supply metal 3D-printed aviation parts in Asia and has been even conducting joint R&D together for developing new designs.
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. These market players are adopting various strategies such as product launches to maintain their dominance in the market of China.
For instance, in August 2021, Forward AM and Xuberance Collaborated and launched an advanced additive manufacturing technical center in Shanghai, China. With this joint initiative, both companies are combining their strengths to offer local customers fully integrated 3D printing solutions with a wide range of high-performance 3D printing materials and deep engineering expertise.
KEY BENEFITS
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The China 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 China 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.
CHINA 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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