Industry: Construction & Manufacturing | Publish Date: 13-Nov-2024 | No of Pages: 138 | No. of Tables: 102 | No. of Figures: 67 | Format: PDF | Report Code : CM659
Sweden Additive Manufacturing Market size was valued at USD 130.0 million in 2023, and is predicted to reach USD 480.3 million by 2030, at a CAGR of 19.0% from 2024 to 2030. In terms of volume, the market size was 7 thousand units in 2023, and is projected to reach 33 thousand units by 2030, with a CAGR of 22.4% from 2024 to 2030.
The additive manufacturing (AM) market, known as additive layer manufacturing (ALM) or three-dimensional (3D) printing, represents a global industry dedicated to developing, manufacturing, and distributing technologies and materials for constructing three-dimensional objects layer by layer from digital models. This market serves a diverse range of sectors including aerospace, automotive, healthcare, and consumer goods, offering advanced solutions for prototyping, production, and customized manufacturing.
AM is celebrated for its capability to produce highly intricate and personalized components while minimizing material waste, resulting in significant cost savings and environmental benefits. A distinguishing characteristic of this market is its variety of printing technologies such as stereolithography (SLA), selective laser sintering (SLS), and fused deposition modeling (FDM), each tailored to meet specific industry needs and applications. Additionally, AM's rapid prototyping capability accelerates product development cycles, enabling businesses to innovate and bring products to market more quickly compared to traditional manufacturing methods.
The expansion of advanced manufacturing sector is significantly driving the Sweden additive manufacturing market demand for innovative, efficient, and flexible production solutions such as additive manufacturing (AM) to meet complex industry needs. Industries such as aerospace, automotive, and healthcare are expanding and innovating rapidly, require advanced manufacturing solutions that offer enhanced design flexibility, rapid prototyping capabilities, and efficient production processes.
AM addresses these requirements by enabling the creation of intricate, lightweight, and customized components while minimizing material waste and reducing lead times. According to the latest ITA report, Sweden's robust manufacturing sector contributes approximately 20% of the nation's GDP, amounting to USD 117 billion, with advanced manufacturing constituting around USD 40 billion of this total. This growth highlights the rising demand for AM to fulfill evolving industry needs for efficiency, flexibility, and sustainability.
The increasing investment in healthcare in Sweden is fueling demand for advanced technologies that can provide personalized and efficient solutions for manufacturing medical devices, implants, and prosthetics tailored to individual patient needs. The adoption of AM supports this trend by enabling cost-effective production processes, positioning it as a crucial technology to meet the evolving demands of the healthcare industry.
Government expenditure on health and medical care amounted to approximately USD 12.49 billion in 2022, reflecting Sweden's commitment to healthcare innovation and excellence. This investment drives the adoption of AM for applications such as rapid prototyping, patient-specific implants, and on-demand medical equipment production, aligning with Sweden's healthcare goals and fostering technological advancement in the sector.
The significant initial investment required for AM equipment, materials, and training poses a substantial barrier to Sweden 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 potential of the Sweden additive manufacturing market growth.
The incorporation of artificial intelligence (AI) into additive manufacturing (AM) is expected to broaden the additive manufacturing market by improving production processes, advancing product design capabilities, and enabling the creation of complex and customized objects. AI integration allows businesses to analyze large volumes of data collected during the printing process, including material properties, printing parameters, and environmental conditions. This analysis aids in recognizing patterns, refining settings, and anticipating potential defects, leading to enhanced printing accuracy and minimized material wastage.
The prominent players operating in Sweden additive manufacturing industry include Amexci AB, Markforged, Loom 3D Print, Prototal industries, AIM Sweden, Wematter, 3D Prima, Lostboyslab AB, Optimus 3D, Sculptur, 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
Amexci AB
Markforged
Loom 3D Print
Prototal Industries
AIM Sweden
Wematter
3D Prima
Lostboyslab AB
Optimus 3D
Sculptur
Parameters |
Details |
Market Size Value in 2023 |
USD 130.0 million |
Revenue Forecast in 2030 |
USD 480.3 million |
Growth Rate |
CAGR 19.0% from 2024 to 2030 |
Market Volume in 2023 |
7 thousand units |
Market Forecast in 2030 |
33 thousand units |
Volume Growth Rate |
CAGR of 22.4% 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. |