Industry: Construction & Manufacturing | Publish Date: 13-Nov-2024 | No of Pages: 138 | No. of Tables: 102 | No. of Figures: 67 | Format: PDF | Report Code : CM657
Finland Additive Manufacturing Market size was valued at USD 57.3 million in 2023, and is predicted to reach USD 290.2 million by 2030, at a CAGR of 24.4% from 2024 to 2030. In terms of volume, the market size was 3 thousand units in 2023, and is projected to reach 21 thousand units by 2030, with a CAGR of 17.4% from 2024 to 2030.
The additive manufacturing (AM) market, also referred to as additive layer manufacturing (ALM) or three-dimensional (3D) printing, represents a global industry dedicated to developing, manufacturing, and distributing technologies and materials used to fabricate three-dimensional objects layer by layer from digital models.
Serving a wide range of sectors including aerospace, automotive, healthcare, and consumer goods, this market offers advanced solutions for prototyping, production, and customized manufacturing.
AM is highly valued for its capacity to create intricate and personalized components while minimizing material waste, resulting in substantial cost savings and environmental benefits. A distinguishing characteristic of this market is its diverse array of printing technologies such as stereolithography (SLA), selective laser sintering (SLS), and fused deposition modeling (FDM), each tailored to meet specific industry requirements and applications. Additionally, AM's capability for rapid prototyping accelerates product development cycles, empowering businesses to innovate and bring products to market more quickly compared to traditional manufacturing methods.
The expansion of Finland's aerospace and defense sector are driving increased demand for 3D printing technologies. Focused on producing lightweight, high-performance components, AM offers advantages such as enhanced design flexibility, rapid prototyping, and cost-efficiency. The aerospace industry in Finland showed robust growth, achieving a turnover of approximately USD 2.27 billion in 2022.
As Finland's aerospace and defense sectors aim to strengthen capabilities, reduce production times, and enhance global competitiveness, the integration of additive manufacturing becomes crucial, thereby fueling demand for these innovative technologies.
Government investment in research and development (R&D) for 3D printing in Finland is accelerating the adoption of these technologies. Increased funding supports initiatives that drive innovation and advancements in AM processes, materials, and applications.
A notable example is the Database for Radically Enhancing Additive Manufacturing and Standardization (DREAMS) project, launched in April 2022 by the Finnish Additive Manufacturing Ecosystem (FAME).
It is led by DIMECC and funded by participating companies and Business Finland, this project aims to establish a comprehensive database of metals used in 3D printing, encompassing around 10,000 metal test rods produced with various 3D printers and methods. These initiatives are boosting the demand for AM across multiple sectors in Finland, reinforcing its role in advancing industrial capabilities and competitiveness.
The substantial upfront investment needed for equipment, materials, and training presents a significant obstacle to the Finland additive manufacturing market expansion. This financial commitment poses a notable challenge for businesses, particularly smaller ones, limiting their capacity to enter or expand operations within the market.
Additionally, ongoing expenses related to materials and training further increase the overall financial burden. Consequently, many businesses are hesitant to adopt AM technology due to these initial financial challenges, thereby impeding the growth potential of the additive manufacturing market.
Integrating artificial intelligence (AI) into additive manufacturing (AM) is expected to broaden the 3D printing by improving production processes, advancing product design capabilities, and enabling the creation of intricate and personalized objects.
AI integration allows businesses to analyze vast datasets collected during printing, including material properties, printing parameters, and environmental conditions. This analysis aids in identifying patterns, optimizing settings, and predicting potential defects, ultimately enhancing printing precision and minimizing material waste.
The prominent key players operating in Finland additive manufacturing industry include Delva, Hetitec, Versoteq 3D Solutions, Suomen, Vossi, Tinkercad, Taika3D, SelectAM, Prenta Oy, FluidANT, and others.
Desktop 3D Printer
Industrial 3D Printer
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
Other Technology
Hardware
Software
Design Software
Inspection Software
Printer Software
Scanning Software
Services
Prototyping
Tooling
Functional Parts
Desktop Additive Manufacturing
Educational Purpose
Fashion & Jewellery
Objects
Dental
Food
Other Desktop Additive Manufacturing
Industrial Additive Manufacturing
Automotive
Aerospace & Defense
Healthcare
Consumer Electronics
Power & Energy
Other Industrial Additive Manufacturing
Delva
Hetitec
Versoteq 3D Solutions
Suomen
Vossi
Tinkercad
Taika3D
SelectAM
Prenta Oy
FluidANT
Parameters |
Details |
Market Size Value in 2023 |
USD 57.3 million |
Revenue Forecast in 2030 |
USD 290.2 million |
Growth Rate |
CAGR 24.4% from 2024 to 2030 |
Market Volume in 2023 |
3 thousand units |
Market Forecast in 2030 |
21 thousand units |
Volume Growth Rate |
CAGR of 27.1% from 2024 to 2030 |
Analysis Period |
2023–2030 |
Base Year Considered |
2023 |
Forecast Period |
2024–2030 |
Market Size Estimation |
Million (USD) |
Growth Factors |
|
Companies Profiled |
10 |
Market Share |
Available for 10 companies |
Customization Scope |
Free customization (equivalent up to 80 working hours of analysts) after purchase. Addition or alteration to country, regional, and segment scope. |
Pricing and Purchase Options |
Avail customized purchase options to meet your exact research needs. |