Industry: Construction & Manufacturing | Publish Date: 15-Nov-2024 | No of Pages: 138 | No. of Tables: 102 | No. of Figures: 67 | Format: PDF | Report Code : CM662
China Additive Manufacturing Market size was valued at USD 3.58 billion in 2023, and is predicted to reach USD 17.66 billion by 2030, at a CAGR of 24.1% from 2024 to 2030. In terms of volume, the market size was 169 thousand units in 2023, and is projected to reach 962 thousand units by 2030, with a CAGR of 26.0% from 2024 to 2030.
The additive manufacturing (AM) market, also referred to as additive layer manufacturing (ALM) or three-dimensional (3D) printing, represents a global industry dedicated to developing, manufacturing, and distributing technologies and materials used to fabricate three-dimensional objects layer by layer from digital models. Serving a wide range of sectors including aerospace, automotive, healthcare, and consumer goods, this market offers advanced solutions for prototyping, production, and customized manufacturing.
AM is highly valued for its capacity to create intricate and personalized components while minimizing material waste, resulting in substantial cost savings and environmental benefits. A distinguishing characteristic of this market is its diverse array of printing technologies such as stereolithography (SLA), selective laser sintering (SLS), and fused deposition modeling (FDM), each tailored to meet specific industry requirements and applications. Additionally, AM's capability for rapid prototyping accelerates product development cycles, empowering businesses to innovate and bring products to market more quickly compared to traditional manufacturing methods.
The automotive industry significantly propels the China additive manufacturing market growth due to the sector's need for rapid prototyping, tooling, and production of complex, customized car parts.
As China's automotive market expands, manufacturers seek innovative solutions to enhance design flexibility, reduce production times, and lower costs. AM offers the ability to quickly produce prototypes for new vehicle models, enabling faster iterations and more efficient design processes.
According to the China’s State Council Information Office report of 2023, in the first quarter of 2023, sales of domestic-brand passenger vehicles increased by 5.3% year-on-year, reaching over 2.68 million units and accounting for 52.2% of the total passenger car sales in China. This surge in the automotive industry enhances the adoption of AM, enabling innovation, customization, and prototyping in car manufacturing across the country.
The advancement of space exploration and satellite technology in China is driving a surge in demand for AM as the industry seeks innovative solutions for lightweight, complex components crucial for space missions.
AM enables the production of intricate parts with high precision and reduced weight, meeting the stringent requirements of aerospace applications. China's ambitious space programs, including satellite launches and lunar exploration missions, are increasingly relying on AM to accelerate prototyping, enhance performance, and streamline production processes.
On February 3, 2024, China set a new standard by incorporating 3D-printed parts in the successful launch of the SmartSat-2A satellite, also known as Zhixing-2A. The 3D printing company BLT used its metal 3D printing expertise to create critical parts for the satellite, including the satellite body structure and three important components for the satellite's radar.
As the space sector continues to expand, fueled by technological breakthroughs and exploration objectives, the demand for AM technologies in China is poised to rise, positioning the country as a key player in the global space industry.
The substantial upfront investment needed for equipment, materials, and training presents a significant obstacle to China additive manufacturing market expansion. This financial commitment poses a notable challenge for businesses, particularly smaller ones, limiting their capacity to enter or expand operations within the market.
Additionally, ongoing expenses related to materials and training further increase the overall financial burden. Consequently, many businesses are hesitant to adopt AM technology due to these initial financial challenges, thereby impeding the growth potential of the additive manufacturing market.
Integrating artificial intelligence (AI) into additive manufacturing (AM) is expected to broaden the 3D printing by improving production processes, advancing product design capabilities, and enabling the creation of intricate and personalized objects.
AI integration allows businesses to analyze vast datasets collected during printing, including material properties, printing parameters, and environmental conditions. This analysis aids in identifying patterns, optimizing settings, and predicting potential defects, ultimately enhancing printing precision and minimizing material waste.
The prominent key players operating in China additive manufacturing industry include Falcontech, HLH Prototypes Co LTD, Voxeljet, Shanghai Digital Manufacturing (SHDM), Winsun3d, UnionTech3D, FlashForge, In3Dtec, TierTime, IntamSys, 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
Falcontech
HLH Prototypes Co LTD
Voxeljet
Shanghai Digital Manufacturing (SHDM)
Winsun3d
UnionTech3D
FlashForge
In3Dtec
TierTime
IntamSys
Parameters |
Details |
Market Size Value in 2023 |
USD 3.58 billion |
Revenue Forecast in 2030 |
USD 17.66 billion |
Growth Rate |
CAGR 24.1% from 2024 to 2030 |
Market Volume in 2023 |
169 thousand units |
Market Forecast in 2030 |
962 thousand units |
Volume Growth Rate |
CAGR of 26.0% from 2024 to 2030 |
Analysis Period |
2023–2030 |
Base Year Considered |
2023 |
Forecast Period |
2024–2030 |
Market Size Estimation |
Billion (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. |