Industry: Semiconductor & Electronics | Publish Date: 25-Jul-2023 | No of Pages: 75 | No. of Tables: 62 | No. of Figures: 29 | Format: PDF | Report Code : N/A
Germany Additive Manufacturing (AM) Market was valued at USD 2.01 billion in 2022, and is predicted to reach USD 8.84 billion by 2030, with a CAGR of 20.3% from 2023 to 2030. Additive manufacturing, commonly known as 3D printing, is a method of fabricating three-dimensional objects by adding material layer by layer, in contrast to traditional manufacturing methods that involve removing material from a solid block. It derives its name from the fact that the object is constructed by sequentially depositing thin layers of material on top of each other until the final shape is achieved.
The process begins with a digital design file, which is divided into multiple cross-sectional layers. These layers are then successively printed or deposited using various techniques, such as extrusion, powder bed fusion, vat photopolymerization, or binder jetting. Additive manufacturing materials encompass a wide range, including plastics, metals, ceramics, and even biological substances.
The market growth can be attributed to the rising adoption of additive layer manufacturing devices across industries such as automotive, health, construction, defence, and others owing to the presence of 3D printing start-ups in Germany providing a wide range of 3D industrial printers. For instance, in December 2020, German start-up iFactory3D launched a 3D printing device which is a 4-in-1 3D printer for residential use and is characterized by an automatic working process.
The rising adoption of additive manufacturing technologies in automotive and healthcare boosts the growth of the market. For instance, in September 2022, Eplus3D, a Chinese manufacturer of industrial-grade 3D printers, opened its first European office in Germany. The new office will be used to manage Eplus3D’s operations in Europe, and conduct meetings with customers and partners. Eplus3D’s European customer success, sales, and support teams will reside in the new office, which will facilitate demonstrations, as well as provide the newest additive manufacturing solutions, benchmark printing, application development, consulting services, and training for customers in the aerospace, automotive, medical, machinery and tooling industries.
The enormous initial investment required to construct the infrastructure, including 3D printers, materials, and software, is a huge financial barrier. Small and medium-sized businesses (SMEs) with limited financial resources have challenges in fully embracing additive manufacturing technologies. Thus, it is expected to restrain the growth of the additive manufacturing market.
The additive manufacturing industry has grown significantly as a result of ongoing technical breakthroughs. These developments cover a wide range of topics, including greater printing capabilities, improved materials, and more effective post-processing procedures. As a result of these developments, the market has seen higher-quality outputs, reduced manufacturing periods, and wider application prospects across a wide range of sectors. The continual advancement of additive manufacturing technology has generated several opportunities for market development, resulting in higher acceptance and utilization.
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 partnership to maintain their dominance in the market of Germany.
For instance, in November 2021, Trumpf launched a new additive manufacturing machine called the TruPrint 3000. The TruPrint 3000 is a high-speed machine that is designed for the production of small and medium-sized parts.
The Germany 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.
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.
The information related to key drivers, restraints, and opportunities and their impact on the market is provided in the report.
The competitive analysis of the market players along with their market share in the Germany additive manufacturing market.
The SWOT analysis and Porter’s Five Forces model are elaborated in the study.
Value chain analysis in the market study provides a clear picture of the stakeholders’ roles.
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
Others
Desktop 3D Printer
Industrial 3D Printer
Polymer
Metal
Ceramic
Prototyping
Tooling
Functional Parts
Hardware
Software
Design Software
Inspection Software
Printer Software
Scanning Software
Services
Industrial Additive Manufacturing
Automotive
Aerospace and Defense
Healthcare
Consumer Electronics
Power and Energy
Others
Desktop Additive Manufacturing
Educational Purpose
Fashion and Jewelry
Objects
Dental
Food
Others
Stratasys
Markforged Holding Corporation
Desktop Metal Inc.
Velo3d, Inc.
Formlabs Inc.
Protolabs.
Xometry Inc.
Shapeway Holdings Inc.
3D Systems
General Electric