Mexico Additive Manufacturing Market

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Mexico Additive Manufacturing Market by Type (Desktop 3D Printer and Industrial 3D Printer), 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 Other Technology), by Component (Hardware, Software, and Services), by Application (Prototyping, Tooling, and Functional Parts), and by End User (Desktop Additive Manufacturing and Industrial Additive Manufacturing) – Opportunity Analysis and Industry Forecast, 2024–2030

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

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Mexico Additive Manufacturing Market Overview

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.

Rapid Expansion of the  Consumer Goods Industry Propels the Additive Manufacturing Market Growth

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.

 

Significant Growth of the Healthcare Sector Boosts the Adoption of Additive Manufacturing

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.

 

High Upfront Cost Restrains Market Growth

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.

Integration of Artificial Intelligence (AI) in Additive Manufacturing Presents Lucrative Opportunity for Market Expansion

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.

 

Competitive Landscape

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.

Mexico Additive Manufacturing Market Key Segments

By Type

  • Desktop 3D Printer

  • Industrial 3D Printer

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

  • Other Technology

By Component 

  • Hardware

  • Software

    • Design Software

    • Inspection Software

    • Printer Software

    • Scanning Software

  • Services

By Application 

  • Prototyping

  • Tooling

  • Functional Parts

By End User 

  • 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

Key Players

  • Boja 3D

  • Bayro Mexicana

  • InMateriis

  • Luktec

  • Zweigtech Interactive

  • Grupo Gepp

  • MediPrint

  • Colibri3D

  • MiniFab 3D

  • TridiMX

REPORT SCOPE AND SEGMENTATION:

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

  • Rapid expansion of the consumer goods industry drives the market growth.

  • Significant growth of the healthcare sector boosts the market growth.

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.

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Frequently Asked Questions

The key market players operating in Mexico additive manufacturing market are Boja 3D, Bayro Mexicana, InMateriis, Luktec, Zweigtech, Interactive, Grupo Gepp, MediPrint, Colibri3D, MiniFab 3D, TridiMX, and others.

According to the Next Move Strategy Consulting, the size of Mexico additive manufacturing market is estimated to be at USD 1970.9 million in 2030.

The integration of artificial intelligence in 3D printing is expected to create opportunities for Mexico additive manufacturing market.

High upfront cost acts as restraining factor to the growth of Mexico additive manufacturing market.

According to the Next Move Strategy Consulting, the size of Mexico additive manufacturing market is estimated at USD 385.5 million in 2023.

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