Africa Additive Manufacturing Market

Plastic Optic Fiber Market Report Thumbnail

Africa 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: 22-Nov-2024 | No of Pages: 138 | No. of Tables: 102 | No. of Figures: 67 | Format: PDF | Report Code : CM676

  • Facebook
  • Linkedin
  • Whatsapp

Africa Additive Manufacturing Market Overview

Africa Additive Manufacturing Market size was valued at USD 71.09 million in 2023, and is predicted to reach USD 128.7 million by 2030, at a CAGR of 7.2% from 2024 to 2030. In terms of volume, the market size was 13 thousand units in 2023, and is projected to reach 44 thousand units by 2030, with a CAGR of 17.4% from 2024 to 2030.

The additive manufacturing (AM) market, also known as additive layer manufacturing (ALM) or three-dimensional (3D) printing, is a global industry focused on developing, manufacturing, and distributing technologies and materials for constructing three-dimensional objects layer by layer from digital models. Serving diverse sectors including aerospace, automotive, healthcare, and consumer goods, this market offers advanced solutions for prototyping, production, and customized manufacturing requirements.

AM is highly prized for its ability to create intricate and customized components while minimizing material waste, leading to substantial cost savings and environmental benefits. A key characteristic of this market is its diverse range of printing technologies, such as stereolithography (SLA), selective laser sintering (SLS), and fused deposition modeling (FDM), each designed to meet specific industry needs and applications. Additionally, AM's capability for rapid prototyping accelerates product development cycles, enabling businesses to innovate and bring products to market more swiftly than traditional manufacturing methods.

Rise in Government Initiatives Towards Development of 3D Printing Accelerates the Growth of the Market

The government's proactive initiatives to integrate 3D printing into the construction sector in the region is accelerating market growth by promoting innovation, reducing construction costs, and addressing housing shortages. These initiatives involve substantial investments in research and development, strategic partnerships with technology companies, and the implementation of pilot projects showcasing the practical benefits of 3D printing technology.

For instance, in January 2023, the government launched a landmark 3D Construction Printing project aimed at constructing sustainable human settlements. This collaboration between the Department of Science and Innovation and the University of Johannesburg aims to tackle housing shortages and enhance construction efficiency.

By establishing supportive regulatory frameworks conducive to the adoption of advanced construction technologies, the government is creating an environment that fosters the growth of the 3D printing market in South Africa.

 

Rapid Expansion of Manufacturing Industry Propels the Market Growth

The rapid growth of the manufacturing sector is fueling the Africa additive manufacturing market expansion in the region. The region is witnessing increased demand for innovative production techniques that enhance efficiency and competitiveness. AM, renowned for its ability to streamline production processes, reduce costs, and facilitate product customization, is gaining traction among Nigerian manufacturers.

According to the latest World Bank report, Nigeria's manufacturing sector grown significantly, reaching USD 64.25 billion in 2022. This robust growth is propelling the additive manufacturing market by stimulating demand for cutting-edge production technologies and fostering local adoption of advanced manufacturing techniques.

 

High Initial Investment Hinders the Market Growth

The significant initial investment needed for AM equipment, materials, and training represents a major barrier to market expansion. This financial commitment presents a significant challenge, especially for smaller businesses, restricting their ability to enter or scale within the market.

Moreover, ongoing costs associated with materials and training compound the financial burden. As a result, numerous businesses hesitate to adopt AM technology due to these financial hurdles, ultimately limiting the prospects of the Africa additive manufacturing market growth.

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

Integrating artificial intelligence (AI) into additive manufacturing (AM) is anticipated to expand the 3D printing market by refining production processes, enhancing product design capabilities, and facilitating the creation of intricate and personalized objects. AI integration enables businesses to analyze extensive datasets gathered during printing, such as material properties, printing parameters, and environmental conditions. This analysis helps identify patterns, optimize settings, and predict potential defects, thereby improving printing precision and reducing material waste.

 

Competitive Landscape

The prominent key players operating in Africa additive manufacturing industry include Equinix, Digital Realty, Zenlayer, MOD Mission Critical (MOD), Hivelocity, Microsoft Azure, Oracle, Vultr, Vantage Data Centers, Psychz Networks and others.

Africa 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

  • Equinix 

  • Digital Realty  

  • Zenlayer

  • MOD Mission Critical (MOD)

  • Hivelocity

  • Microsoft Azure

  • Oracle

  • Vultr

  • Vantage Data Centers

  • Psychz Networks

REPORT SCOPE AND SEGMENTATION:

Parameters

Details

Market Size Value in 2023

USD 71.0 million

Revenue Forecast in 2030

USD 128.7 million

Growth Rate

CAGR 7.2% from 2024 to 2030

Market Volume in 2023

13 thousand units

Market Forecast in 2030

44 thousand units

Volume Growth Rate

CAGR of 17.4% from 2024 to 2030

Analysis Period

2023–2030

Base Year Considered

2023

Forecast Period

2024–2030

Market Size Estimation

Million (USD)

Growth Factors

  • Rise in government initiatives towards development of 3D printing drives the market growth.

  • Rapid expansion of manufacturing industry 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.

Bar chart Pie chart Pie chart

Frequently Asked Questions

The key market players operating in Africa additive manufacturing market are Equinix, Digital Realty, Zenlayer, MOD Mission Critical (MOD), Hivelocity, Microsoft Azure, Oracle, Vultr, Vantage Data Centers, Psychz Networks and others.

According to the Next Move Strategy Consulting, the size of Africa additive manufacturing market is estimated to be at USD 128.7 million in 2030.

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

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

According to the Next Move Strategy Consulting, the size of Africa additive manufacturing market is estimated at USD 71.0 million in 2023.

Download Free Sample

Please Enter Full Name

Please Enter Valid Email ID

Please enter Country Code and Phone No

Please enter message

popular
$2,575
$1,575
$3,875
$2,975

This website uses cookies to ensure you get the best experience on our website. Learn more