China Additive Manufacturing Market

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China 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: 15-Nov-2024 | No of Pages: 138 | No. of Tables: 102 | No. of Figures: 67 | Format: PDF | Report Code : CM662

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China Additive Manufacturing Market Overview

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.

Rapid Expansion of the Automotive Industry Accelerates the Growth of the Market

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.

 

Advancements in the Aerospace Sector Boosts the Market Growth

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.

 

High Upfront Investment Restrains Market Growth

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.

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

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.

 

Competitive Landscape

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.

China 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

  • Falcontech

  • HLH Prototypes Co LTD

  • Voxeljet

  • Shanghai Digital Manufacturing (SHDM)

  • Winsun3d

  • UnionTech3D

  • FlashForge

  • In3Dtec

  • TierTime

  • IntamSys

REPORT SCOPE AND SEGMENTATION:

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

  • Rapid expansion of the automotive industry drives the market growth.

  • Advancements in the aerospace 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 China additive manufacturing market are Falcontech, HLH Prototypes Co LTD, Voxeljet, Shanghai Digital Manufacturing (SHDM), Winsun3d, UnionTech3D, FlashForge, In3Dtec, TierTime, IntamSys, and others.

According to the Next Move Strategy Consulting, the size of China additive manufacturing market is estimated to be at USD 17.66 billion in 2030.

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

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

According to the Next Move Strategy Consulting, the size of China additive manufacturing market is estimated at USD 3.58 billion in 2023.

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