Sweden Additive Manufacturing Market

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Sweden Additive Manufacturing Market by Type (Desktop 3D Printer and Industrial 3D Printer), 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 Other Technology), by Component (Hardware, Software, and Services), by Application (Prototyping, Tooling, and Functional Parts), and by End User (Desktop Additive Manufacturing and Industrial Additive Manufacturing) – Opportunity Analysis and Industry Forecast, 2024–2030

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

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Sweden Additive Manufacturing Market Overview

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.

Expansion of the Advanced Manufacturing Sector Accelerates the Growth of the Sweden Additive Manufacturing Market

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.

 

Increasing Investment in Healthcare Sector Drives the Market Growth

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.

 

High Initial Investment Restrains Market Growth

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.

Integration of Artificial Intelligence (AI) in Additive Manufacturing Presents Lucrative Opportunity for Market Expansion

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.

 

Competitive Landscape

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.

Sweden Additive Manufacturing Market Key Segments

By Type

  • Desktop 3D Printer

  • Industrial 3D Printer

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

  • Other Technology

By Component 

  • Hardware

  • Software

    • Design Software

    • Inspection Software

    • Printer Software

    • Scanning Software

  • Services

By Application 

  • Prototyping

  • Tooling

  • Functional Parts

By End User 

  • 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

Key Players

  • Amexci AB

  • Markforged

  • Loom 3D Print

  • Prototal Industries

  • AIM Sweden

  • Wematter

  • 3D Prima

  • Lostboyslab AB

  • Optimus 3D

  • Sculptur

REPORT SCOPE AND SEGMENTATION:

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

  • Expansion of the advanced manufacturing sector drives the market growth.

  • Increasing investment in healthcare sector boosts the market growth.

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.

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Frequently Asked Questions

The key market players operating in Sweden 3D printing market are Amexci AB, Markforged, Loom 3D Print, Prototal industries, AIM Sweden, Wematter, 3D Prima, Lostboyslab AB, Optimus 3D, Sculptur, and others.

According to the Next Move Strategy Consulting, the size of Sweden additive manufacturing market is estimated to be at USD 480.3 million in 2030.

The integration of artificial intelligence in 3D printing is expected to create opportunities for Sweden additive manufacturing market.

High upfront cost acts as restraining factor to the growth of the market.

According to the Next Move Strategy Consulting, the size of the market is estimated at USD 130.0 million in 2023.

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