Sweden 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: 26-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
Sweden Additive Manufacturing (AM) Market was valued at USD 115.47 million in 2022, and is predicted to reach USD 649.19 million by 2030, with a CAGR of 24.0% from 2023 to 2030. Additive manufacturing, commonly known as 3D printing, is a manufacturing process that involves the creation of three-dimensional objects by adding material layer by layer. Unlike traditional subtractive manufacturing methods that involve removing material from a solid block, additive manufacturing builds objects by gradually stacking thin layers of material until the desired shape is achieved. The process typically starts with a digital design file that is sliced into multiple cross-sectional layers. These layers are then successively printed or deposited using various techniques, such as extrusion, powder bed fusion, vat photopolymerization, or binder jetting. The material used in additive manufacturing can vary widely, including plastics, metals, ceramics, and even biological materials.
Additive Manufacturing Revolutionizes the Construction Industry
The growing adoption of additive manufacturing in the construction industry, specifically in the creation of 3D-printed houses, is a driving force behind the expansion of the additive manufacturing market in the country. This innovative technology offers significant advantages, including accelerated construction timelines and reduced labor costs, propelling its widespread use and contributing to market growth. For instance, in August 2021, ConcretePrint (KonkretPrint AB) unveiled the first 3D-printed home with financial support from the Swedish Energy Agency. The walls of the house were made by 3D printing using ConcretePrint’s robotic 3D printing technology, which in turn increases the demand for 3D printing technologies in the country
Adoption of 3D Printing Technologies for Pre-Designing Food Products in the Food and Beverage Industry
The food and beverage industry are witnessing a significant rise in the adoption of 3D printing technologies for pre-designing food products. This emerging trend is reshaping the way food is conceptualized, created, and presented to consumers. By leveraging 3D printing capabilities, food manufacturers can enhance their production processes, create intricate and customized food designs, and explore innovative culinary experiences. For instance, in June 2022, Digital Patisserie announced the launch of its new pastry by using 3D printer technology called the Patiss3. The pastry was designed by 3D printing technology developed at MIT; the extrusion-based system was aimed at pastry chefs, restaurants, and industrial biscuit factories, enabling users to fabricate edible freeform shapes at high speeds.
High-Cost Restraining Additive Manufacturing in Sweden
The massive initial expenditure necessary to build the infrastructure, which includes 3D printers, materials, and software, is a significant cost hurdle. With limited financial resources, small and medium-sized firms (SMEs) have hurdles in fully integrating additive manufacturing technology. As a result, it is predicted to slow the growth of the additive manufacturing industry. Thus, it is expected to restrain the growth of the additive manufacturing market.
Technological Advancements in Additive Manufacturing Market in Sweden
The ongoing technological advancements have fueled substantial growth in the additive manufacturing industry. These advancements encompass various areas, including enhanced printing capabilities, advancements in materials, and more efficient post-processing techniques. Consequently, the market has witnessed improved output quality, shorter manufacturing cycles, and expanded opportunities for application in diverse sectors. The continuous progress in additive manufacturing technology has created numerous avenues for market development, leading to increased acceptance and utilization of the technology.
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. These market players are adopting various strategies such as partnerships to maintain their dominance in the market of Sweden.
For instance, in November 2022, Hexagon, a leading technology provider, has entered into a strategic partnership with Research Institutes of Sweden (RISE), a renowned national R&D center. This collaboration aims to facilitate the advancement of additive manufacturing (AM) technologies and promote the adoption of sustainable and innovative processes in European industry. As part of the partnership, Hexagon will provide cutting-edge software solutions to support a Swedish initiative focused on accelerating the utilization of AM technologies.
KEY BENEFITS
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The Sweden 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 Sweden 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.
SWEDEN 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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