Rest of World 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: 28-Jul-2023 | No of Pages: 114 | No. of Tables: 93 | No. of Figures: 60 | Format: PDF | Report Code : N/A
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Market Definition
Additive Manufacturing (AM) Market was valued at USD 0.80 billion in 2022, and is predicted to reach USD 4.01 billion by 2030, with a CAGR of 22.3% from 2023 to 2030. Additive manufacturing, also known as 3D printing, is a manufacturing technique that involves the gradual construction of objects through the layering of different materials. This process is directed by a computer, which utilizes data from CAD software or 3D object scanners to guide the machines in shaping the materials. To initiate the additive manufacturing process, a design is required, which can be created using CAD software or by scanning an existing object. The design is then converted into a detailed blueprint by the software, providing precise instructions to the 3D printer. Once the blueprint is transmitted, the actual production of the object commences. The time needed to complete the additive manufacturing process varies depending on the size of the object, with smaller items generally being manufactured more efficiently and within a shorter timeframe.
3D Printing and High-Performance Metals Fuel Additive Manufacturing in Rest of the World
The additive manufacturing market in regions such as Latin America, the Middle East, and Africa is experiencing significant growth driven by two key factors. As, there is a widespread use and production of products based on 3D printing technology. Industries across various sectors are adopting additive manufacturing techniques to enhance production processes, reduce costs, and improve product quality. This has led to the establishment of numerous 3D printing facilities and service providers, contributing to the growth of the additive manufacturing market.
Growing Market Demand for Customized Products Driving Additive Manufacturing Growth in Rest of the World
Consumer preferences in the rest of the world are shifting towards personalized and customized products. Additive manufacturing enables the production of unique, one-of-a-kind items and allows for customization and design flexibility. Businesses are leveraging additive manufacturing to cater to this growing demand for personalized products, enhancing customer satisfaction and driving market growth.
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.
KEY BENEFITS
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The Rest of World 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 World 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 WORLD 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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