Canada Additive Manufacturing Market

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Canada 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: 08-Nov-2024 | No of Pages: 138 | No. of Tables: 102 | No. of Figures: 67 | Format: PDF | Report Code : CM647

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Canada Additive Manufacturing Market Overview

Canada Additive Manufacturing Market size was valued at USD 243.7 million in 2023, and is predicted to reach USD 1061.3 million by 2030, at a CAGR of 21.9% from 2024 to 2030. In terms of volume, the market size was 10 thousand units in 2023, and is projected to reach 49 thousand units by 2030, with a CAGR of 23.9% from 2024 to 2030.

The additive manufacturing (AM) market, also known as additive layer manufacturing (ALM) or three-dimensional (3D) printing, represents the global industry dedicated to the development, production, and distribution of technologies and materials used to create three-dimensional objects layer by layer from digital models. This market serves various sectors, including aerospace, automotive, healthcare, and consumer goods, offering innovative solutions for prototyping, production, and custom manufacturing.

AM is renowned for its ability to produce highly complex and customized components with minimal material waste, leading to significant cost savings and environmental benefits. A key feature of this market is the diversity of printing technologies available, such as stereolithography (SLA), selective laser sintering (SLS), and fused deposition modeling (FDM), each tailored to specific industry needs and applications. Additionally, the rapid prototyping capability of AM accelerates product development cycles, allowing businesses to innovate and bring products to market faster than traditional manufacturing methods.

Rising Growth of  Aerospace Industry Drives the Demand for Additive Manufacturing

The substantial presence of the aerospace industry, home to major players such as Bombardier and Pratt & Whitney, significantly drives the Canada additive manufacturing market growth. Aerospace companies are increasingly adopting AM for the production of lightweight, complex, and customized components, including engine parts, brackets, and interior components. These innovations aim to enhance fuel efficiency, reduce aircraft weight, and improve overall performance.

According to the International Trade Administration (ITA) report 2023, Canada ranks first in civil flight simulator production, third in civil engine production, and fourth in civil aircraft production globally. Moreover, the aerospace industry contributes approximately USD 20.8 billion to Canada’s GDP. This extensive market presence underscores the necessity of adopting AM to further enhance aircraft performance and efficiency.

 

Surge in Government Initiatives Towards Advanced Manufacturing Boosts the Canada Additive Manufacturing Market Growth

Government investment in manufacturing advancement in Canada drives the adoption of advanced technologies, such as 3D printing systems. Through targeted funding and supportive policies such as grants, tax incentives, and collaborative programs the government incentivizes businesses to invest in advanced manufacturing technologies. These initiatives aim to propel innovation, enhance productivity, and bolster the competitiveness of Canadian industries.

According to the latest report from the Canadian Manufacturing Technology Show, the Canadian government allocated approximately USD 177 million towards advanced manufacturing initiatives. This surge in governmental investment is accelerating the adoption of AM across industries, streamlining production processes, reducing costs, and fostering sustainable growth in Canada.

 

High Upfront Cost Restrains Market Growth

The considerable initial investment required for equipment, materials, and training presents a significant barrier to Canada additive manufacturing market expansion. This substantial financial outlay poses a major challenge for businesses, especially smaller ones, restricting their ability to enter the market or scale their operations.

Moreover, the ongoing costs associated with materials and training add to the overall expense. As a result, many businesses are reluctant to adopt AM technology due to these high upfront costs, that in turn hinders the growth of the additive manufacturing market.

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

The integration of Artificial Intelligence (AI) into additive manufacturing (AM) includes the potential to significantly expand the market by optimizing production processes, enhancing product design capabilities, and enabling the creation of highly customized and intricate objects. Through AI integration, companies can analyze extensive data gathered during the printing process such as material properties, printing parameters, and environmental conditions to identify patterns, optimize settings, and predict potential defects. This results in enhanced print quality and reduced waste.

 

Competitive Landscape

The prominent key players operating in Canada additive manufacturing industry include 123Proto, Agile Manufacturing, Axis Prototype, Calgary 3D Printing, Forge Labs, PyroGenesis Canada Inc., AON 3D, Javelin Technologies Inc., Voltera Inc., Tinkerine Studios Ltd., and others.

Canada 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

  • 123Proto

  • Agile Manufacturing

  • Axis Prototype

  • Calgary 3D Printing

  • Forge Labs

  • PyroGenesis Canada Inc.

  • AON 3D

  • Javelin Technologies Inc.

  • Voltera Inc.

  • Tinkerine Studios Ltd.

REPORT SCOPE AND SEGMENTATION:

Parameters

Details

Market Size Value in 2023

USD 243.7 million

Revenue Forecast in 2030

USD 1061.3 million

Growth Rate

CAGR 21.9% from 2024 to 2030

Market Volume in 2023

10 thousand units

Market Forecast in 2030

49 thousand units

Volume Growth Rate

CAGR of 23.9% from 2024 to 2030

Analysis Period

2023–2030

Base Year Considered

2023

Forecast Period

2024–2030

Market Size Estimation

Million (USD)

Growth Factors

  • Growth of aerospace industry drives the market growth.

  • Surge in government initiatives towards advanced manufacturing 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 Canada 3D printing market are 123Proto, Agile Manufacturing, Axis Prototype, Calgary 3D Printing, Forge Labs, and others.

According to the Next Move Strategy Consulting, the size of Canada additive manufacturing market is estimated to be at USD 1061.3 million in 2030.

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

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

According to the Next Move Strategy Consulting, the size of Canada additive manufacturing market is estimated at USD 243.7 million in 2023.

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