Industry: Construction & Manufacturing | Publish Date: 13-Nov-2024 | No of Pages: 138 | No. of Tables: 102 | No. of Figures: 67 | Format: PDF | Report Code : CM658
Norway Additive Manufacturing Market size was valued at USD 68.9 million in 2023, and is predicted to reach USD 310.2 million by 2030, at a CAGR of 22.4% from 2024 to 2030. In terms of volume, the market size was 4 thousand units in 2023, and is projected to reach 22 thousand units by 2030, with a CAGR of 25.3% from 2024 to 2030.
The additive manufacturing (AM) market, also known as additive layer manufacturing (ALM) or three-dimensional (3D) printing, is a global industry focused on developing, manufacturing, and distributing technologies and materials to create three-dimensional objects layer by layer from digital models. This market caters to diverse sectors such as aerospace, automotive, healthcare, and consumer goods, offering advanced solutions for prototyping, production, and customized manufacturing.
AM is highly regarded for its ability to produce intricate and personalized components while minimizing material waste, leading to significant cost savings and environmental benefits. A key feature of this market is its wide range of printing technologies including stereolithography (SLA), selective laser sintering (SLS), and fused deposition modeling (FDM), each tailored to specific industry needs and applications. Furthermore, AM's capability for rapid prototyping accelerates product development cycles, enabling businesses to innovate and bring products to market more swiftly compared to traditional manufacturing methods.
The expansion in defense budget is driving a growth in Norway additive manufacturing market demand for advanced, customizable, and cost-effective solutions to meet the complex requirements of modern defense systems. Additive manufacturing (AM) plays a crucial role by offering rapid prototyping, customized production capabilities, and lightweight yet durable components essential for modern defense systems.
According to the ITA report 2024, Norway allocates approximately 30% of its defense budget to investments, exceeding the NATO guideline of 20%. In 2023, the defense spending budget amounted to around USD 8.3 billion. This significant increase in defense expenditure enhances the country's defense sector capabilities and fosters the adoption of advanced technologies such as AM for rapid prototyping and manufacturing of resilient parts.
Government initiatives aimed at promoting 3D printing drives in Norway additive manufacturing market growth, offering funding opportunities, grants, and tax incentives. These targeted programs and policies incentivize research institutions, universities, and businesses to invest in AM technologies and expertise. Government support also facilitates collaboration and knowledge-sharing among stakeholders, creating a conducive ecosystem for AM development.
For example, the Norwegian Additive Manufacturing Cluster (NAMC), established in 2022, aims to build an ecosystem and knowledge base around AM, connecting relevant stakeholders across industries to stimulate market growth and innovation in the country.
The significant initial investment required for AM equipment, materials, and training poses a substantial barrier to Norway additive manufacturing market trends. This financial commitment represents a significant challenge for businesses, especially smaller ones, restricting their ability to enter or scale operations within the market. Moreover, ongoing costs associated with materials and training compound the overall financial burden. As a result, many businesses are cautious about adopting AM technology due to these initial financial hurdles, thus hindering the growth potential of the AM market.
Integrating artificial intelligence (AI) into additive manufacturing (AM) is anticipated to expand the 3D printing market by enhancing production processes, advancing product design capabilities, and facilitating the creation of intricate and personalized objects. AI integration enables businesses to analyze extensive data gathered during printing, encompassing material properties, printing parameters, and environmental conditions. This analysis helps identify patterns, optimize settings, and predict potential defects, ultimately improving printing precision and reducing material waste.
The prominent key players operating in Norway additive manufacturing industry include Nordic 3D, Promet, Norsk Titanium, Imerso, Visitech, Ludenso, Sloyd, Ludvigsen 3d Printing, Digible, Stratasys 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
Nordic 3D
Promet
Norsk Titanium
Imerso
Visitech
Ludenso
Sloyd
Ludvigsen 3d Printing
Digible
Stratasys
REPORT SCOPE AND SEGMENTATION:
Parameters |
Details |
Market Size Value in 2023 |
USD 68.9 million |
Revenue Forecast in 2030 |
USD 310.2 million |
Growth Rate |
CAGR 22.4% from 2024 to 2030 |
Market Volume in 2023 |
4 thousand units |
Market Forecast in 2030 |
22 thousand units |
Volume Growth Rate |
CAGR of 25.3% 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. |