Industry: Construction & Manufacturing | Publish Date: 12-Nov-2024 | No of Pages: 138 | No. of Tables: 102 | No. of Figures: 67 | Format: PDF | Report Code : CM649
Mexico Additive Manufacturing Market size was valued at USD 385.5 million in 2023, and is predicted to reach USD 1970.9 million by 2030, at a CAGR of 24.6% from 2024 to 2030. In terms of volume, the market size was 20 thousand units in 2023, and is projected to reach 121 thousand units by 2030, with a CAGR of 26.8% from 2024 to 2030.
The additive manufacturing (AM) market, also referred to as additive layer manufacturing (ALM) or three-dimensional (3D) printing, encompasses the global industry focused on developing, producing, and distributing technologies and materials used to create three-dimensional objects layer by layer from digital models. This market serves diverse sectors such as aerospace, automotive, healthcare, and consumer goods, providing innovative solutions for prototyping, production, and custom manufacturing.
AM is recognized for its capability to produce highly intricate and customized components while minimizing material waste, resulting in significant cost savings and environmental advantages. A notable aspect of this market is its array of printing technologies, including stereolithography (SLA), selective laser sintering (SLS), and fused deposition modeling (FDM), each tailored to specific industry requirements and applications. Additionally, AM's rapid prototyping capability accelerates product development cycles, enabling businesses to innovate and introduce products to market quicker than traditional manufacturing methods.
The growth of the consumer goods industry is driving the Mexico additive manufacturing market demand as companies strive to meet evolving consumer preferences for customized, high-quality products while ensuring cost-efficiency. AM enables manufacturers to produce personalized goods on-demand, reducing inventory costs and facilitating rapid iteration of designs to align with changing consumer trends. Mexican consumer goods companies, ranging from customizable electronics to unique home goods and fashion accessories, leverage 3D printing for flexibility and agility in production. According to ITA 2023, the retail industry in Mexico generated approximately USD 76 billion, encompassing over 47,000 retail stores. As the consumer goods sector continues to expand in Mexico, the adoption of AM technologies accelerates, driving innovation and enhancing market competitiveness.
The significant growth of the healthcare sector in Mexico is fostering the adoption of AM technologies as healthcare providers seek innovative solutions to address patient-specific needs, enhance medical device customization, and improve overall patient care. Additive manufacturing facilitates the production of personalized implants, prosthetics, and surgical tools tailored to individual patients, thereby advancing the development and deployment of medical innovations. According to the latest ITA report in 2022, Mexico's domestic manufacturing of medical devices reached approximately USD 16.33 billion, with an export value of around USD 6.92 billion. The expansion of the healthcare sector underscores the rising demand for AM technologies to meet the evolving demands of patients and healthcare providers in Mexico.
The considerable initial investment required for AM equipment, materials, and training presents a significant barrier to market expansion. This substantial financial outlay poses a major challenge for businesses, especially smaller ones, restricting their ability to enter the market or scale their operations. Moreover, the ongoing costs associated with materials and training add to the overall expense. As a result, many businesses are reluctant to adopt AM technology due to these high upfront costs, that in turn hinders the Mexico additive manufacturing market growth.
Incorporating AI into additive manufacturing (AM) is expected to broaden the market by improving production processes, elevating product design capabilities, and enabling the creation of highly personalized and complex objects. By integrating AI, businesses can analyze vast amounts of data collected during the printing process including material properties, printing parameters, and environmental conditions to detect patterns, refine settings, and anticipate potential defects. This advancement leads to improved printing precision and minimized material wastage.
The prominent key players operating in Mexico additive manufacturing industry include Boja 3D, Bayro Mexicana, InMateriis, Luktec, Zweigtech Interactive, Grupo Gepp, MediPrint, Colibri3D, MiniFab 3D, TridiMX, 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
Boja 3D
Bayro Mexicana
InMateriis
Luktec
Zweigtech Interactive
Grupo Gepp
MediPrint
Colibri3D
MiniFab 3D
TridiMX
Parameters |
Details |
Market Size Value in 2023 |
USD 385.5 million |
Revenue Forecast in 2030 |
USD 1970.9 million |
Growth Rate |
CAGR 24.6% from 2024 to 2030 |
Market Volume in 2023 |
20 thousand units |
Market Forecast in 2030 |
121 thousand units |
Volume Growth Rate |
CAGR of 26.8% 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. |