Mexico 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: 25-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
Mexico Additive Manufacturing (AM) Market was valued at USD 0.40 billion in 2022, and is predicted to reach USD 1.90 billion by 2030, with a CAGR of 21.6% from 2023 to 2030. Additive manufacturing, also known as 3D printing, is a manufacturing technique where objects are created by layering materials. This process is controlled by a computer and utilizes data from CAD software or 3D object scanners to guide the machinery in shaping the materials. To start 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 instructions to the 3D printer. Once the blueprint is transferred, the construction of the object begins. The time it takes to complete the additive manufacturing process varies depending on the size of the object. Smaller objects are usually produced more efficiently and quickly.
Additive Manufacturing Technologies Revolutionize Construction Industry
The rising use of additive manufacturing technologies for the construction of buildings and houses owing to technological advancement and high disposal income propels the growth of the market. For instance, in February 2020, the world’s first 3D-printed neighborhood was constructed in southern Mexico. The project was created in partnership with icon and échale, and have successfully printed its first few houses using a giant 33-foot-long 3D printer.
Adoption of 3D Printing in Mexican Automotive and Aerospace Industries
One of the primary reasons for the adoption of 3D printing in the Mexican automotive and aerospace industries is its ability to streamline the prototyping and new product development processes. Traditionally, creating prototypes and testing new designs would involve time-consuming and costly processes. However, with 3D printing, manufacturers can quickly produce physical prototypes using computer-aided design (CAD) models. This enables rapid iterations, reduced lead times, and ultimately accelerates the overall product development cycle. 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. These market players are adopting various strategies such as product launches to maintain their dominance in the market of Mexico.
For instance, in October 2022, CEMEX in partnership with COBOD announced that it will launch the first construction-grade 3D concrete printing technology in Mexico. CEMEX planned to use the technology to deliver a superior experience to its customers through a novel construction method which is designed to bring significant cost and time savings.
KEY BENEFITS
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The Canada 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 Canada 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.
CANADA 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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