Rest of Europe 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: 27-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
Rest of Europe Additive Manufacturing (AM) Market was valued at USD 0.89 billion in 2022, and is predicted to reach USD 5.18 billion by 2030, with a CAGR of 24.5% from 2023 to 2030. Additive manufacturing, or 3D printing, is a process of creating objects by adding materials layer by layer. It is a computer-controlled process that uses data from CAD software or 3D object scanners to guide the hardware in shaping the materials. To start the additive manufacturing process, a design must be created. This can be done using CAD software or by scanning an existing object. The software then converts the design into a step-by-step blueprint that the additive manufacturing machine follows. Once the blueprint is transferred to the 3D printer, the fabrication of the object begins. The duration of the process can vary depending on the size of the object being produced. For small objects, it can take a few hours to complete. For larger objects, it can take several days.
Technological Advancements and High Disposable Income Fuel Additive Manufacturing in Belgium's Construction Sector
The market in Belgium is witnessing growth as additive manufacturing technologies are increasingly being utilized for the construction of buildings and houses, driven by technological advancements and a high disposable income among the population. For instance, in July 2020, a 3D printed house was established by using the concrete 3D printer BOD2, developed by COBOD. The project is a model house to demonstrate the potential of additive manufacturing in the construction industry.
Growth of Additive Layer Manufacturing in Switzerland's Healthcare Sector
The growth of the market in Switzerland is being driven by the increasing adoption of additive layer manufacturing technology in the healthcare industry, specifically for the creation of models of components, medicine, and equipment, serving as a catalyst for market expansion. For instance, in December 2021 Exit International, an international non-profit organization advocating the legalization of voluntary euthanasia and assisted suicide, developed Sarco Pod, a 3D-printed suicide capsule. The Sarco pod passed the legal review in Switzerland and it has been allowed to legally operate in the country.
Cost Restraints in Additive Manufacturing in Rest of Europe
The cost of additive manufacturing technologies, including printers, materials, and post-processing equipment are 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 in Rest of Europe
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.
KEY BENEFITS
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The Rest of Europe 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 Rest of Europe 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.
REST OF EUROPE 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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