Rest of Europe Additive Manufacturing (AM) Market 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 Others) by Printer Type (Desktop 3D Printer and Industrial 3D Printer) by Material (Polymer, Metal, and Ceramic) by Application (Prototyping, Tooling, and Functional Parts) by Component (Hardware, Software, and Services) and by End-User (Industrial Additive Manufacturing and Desktop Additive Manufacturing) – Opportunity Analysis and Industry Forecast 2023–2030
Industry: Semiconductor & Electronics | Publish Date: 27-Jul-2023 | No of Pages: 75 | No. of Tables: 62 | No. of Figures: 29 | Format: PDF | Report Code : N/A
Market Definition
Rest of Europe Additive Manufacturing (AM) Market was valued at USD 0.89 billion in 2022, and is predicted to reach USD 5.18 billion by 2030, with a CAGR of 24.5% from 2023 to 2030. Additive manufacturing, or 3D printing, is a process of creating objects by adding materials layer by layer. It is a computer-controlled process that uses data from CAD software or 3D object scanners to guide the hardware in shaping the materials. To start the additive manufacturing process, a design must be created. This can be done using CAD software or by scanning an existing object. The software then converts the design into a step-by-step blueprint that the additive manufacturing machine follows. Once the blueprint is transferred to the 3D printer, the fabrication of the object begins. The duration of the process can vary depending on the size of the object being produced. For small objects, it can take a few hours to complete. For larger objects, it can take several days.
Technological Advancements and High Disposable Income Fuel Additive Manufacturing in Belgium's Construction Sector
The market in Belgium is witnessing growth as additive manufacturing technologies are increasingly being utilized for the construction of buildings and houses, driven by technological advancements and a high disposable income among the population. For instance, in July 2020, a 3D printed house was established by using the concrete 3D printer BOD2, developed by COBOD. The project is a model house to demonstrate the potential of additive manufacturing in the construction industry.
Growth of Additive Layer Manufacturing in Switzerland's Healthcare Sector
The growth of the market in Switzerland is being driven by the increasing adoption of additive layer manufacturing technology in the healthcare industry, specifically for the creation of models of components, medicine, and equipment, serving as a catalyst for market expansion. For instance, in December 2021 Exit International, an international non-profit organization advocating the legalization of voluntary euthanasia and assisted suicide, developed Sarco Pod, a 3D-printed suicide capsule. The Sarco pod passed the legal review in Switzerland and it has been allowed to legally operate in the country.
Cost Restraints in Additive Manufacturing in Rest of Europe
The cost of additive manufacturing technologies, including printers, materials, and post-processing equipment are relatively high compared to traditional manufacturing methods. This cost factor may limit the accessibility and adoption of additive manufacturing, particularly for small and medium-sized businesses, which is expected to restrain the growth of the market.
Technological Advancements in Additive Manufacturing Market in Rest of Europe
Continuous advances in additive manufacturing technology, such as greater printer capabilities, improved materials, and more efficient post-processing procedures, have supported industry expansion. These developments allow for improved quality, faster production, and more application options, driving more sectors to adopt additive manufacturing. As a result, it is expected to create ample opportunities for the future.
Competitive Landscape
The additive manufacturing industry includes several market players such as Stratasys, Markforged Holding Corporation, Desktop Metal Inc., Velo3d, Inc., Formlabs Inc., Protolabs., Xometry Inc., Shapeway Holdings Inc., D Systems, General Electric.
KEY BENEFITS
-
The Rest of Europe additive manufacturing market report provides a quantitative analysis of the current market and estimations through 2023-2030 that assists in identifying the prevailing market opportunities to capitalize on.
-
The study comprises a deep dive analysis of the market trend including the current and future trends for depicting the prevalent investment pockets in the market.
-
The information related to key drivers, restraints, and opportunities and their impact on the market is provided in the report.
-
The competitive analysis of the market players along with their market share in the Rest of Europe additive manufacturing market.
-
The SWOT analysis and Porter’s Five Forces model are elaborated in the study.
-
Value chain analysis in the market study provides a clear picture of the stakeholders’ roles.
REST OF EUROPE ADDITIVE MANUFACTURING MARKET KEY SEGMENTS
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
-
Others
By Printing Type
-
Desktop 3D Printer
-
Industrial 3D Printer
By Material
-
Polymer
-
Metal
-
Ceramic
By Application
-
Prototyping
-
Tooling
-
Functional Parts
By Component
-
Hardware
-
Software
-
Design Software
-
Inspection Software
-
Printer Software
-
Scanning Software
-
-
Services
By End-User
-
Industrial Additive Manufacturing
-
Automotive
-
Aerospace and Defense
-
Healthcare
-
Consumer Electronics
-
Power and Energy
-
Others
-
-
Desktop Additive Manufacturing
-
Educational Purpose
-
Fashion and Jewelry
-
Objects
-
Dental
-
Food
-
Others
-
KEY PLAYERS
-
Stratasys
-
Markforged Holding Corporation
-
Desktop Metal Inc.
-
Velo3d, Inc.
-
Formlabs Inc.
-
Protolabs.
-
Xometry Inc.
-
Shapeway Holdings Inc.
-
D Systems
-
General Electric
At Next Move Strategy Consulting, we understand that insightful market research is the cornerstone of successful business decisions. That's why we employ a robust and multifaceted approach, combining various methodologies to deliver the most accurate and actionable data for our clients.
Research Landscape
We navigate the world of research with two primary approaches:
Qualitative Approach
Our qualitative research methodologies involve immersive techniques such as in-depth interviews, focus groups, and observational studies. By engaging directly with individuals and stakeholders, we uncover valuable insights that quantitative data alone may overlook.
Quantitative Research
In tandem with qualitative methodologies, NMSC leverages the power of Quantitative Research to provide a robust foundation of numerical insights. Through systematic data collection and analysis, we quantify patterns, preferences, and market trends, offering a comprehensive view of the business landscape.
Our quantitative research approach employs diverse tools, including surveys, experiments, and statistical modelling. These methodologies enable us to gather data from a large and representative sample, ensuring the statistical significance of our findings. By employing structured questionnaires and standardized data collection methods, we guarantee the reliability and validity of the information we present to our clients.
Quantitative research is particularly effective in measuring the prevalence of trends, assessing market size, and gauging the impact of various factors on consumer behavior. The numerical precision attained through this approach equips our clients with actionable insights, facilitating data-driven decision-making and strategy formulation.
Our Specialized Toolbox for Industry-Specific Market Research
We deploy a specialized arsenal of techniques tailored to meet your unique requirements. Here's a glimpse into our comprehensive toolbox:
Information Procurement
The stage entails acquiring market data or relevant information through various sources and methodologies.
Market Research Approach
We utilize both top-down and bottom-up approaches in market research analysis to achieve a comprehensive understanding of the market dynamics, leveraging the broad perspective of industry trends and macroeconomic factors alongside detailed insights from specific segments and individual companies.
Porters Five Forces Analysis
We conduct Porter's Five Forces analysis to evaluate the competitive landscape of an industry, providing us with insights into factors that affect profitability and strategic positioning.
SWOT Analysis
We conduct SWOT analysis to understand market trends, identify potential threats, capitalize on opportunities, and assess our strengths and weaknesses.
Forecasting
We utilize a forecasting model to predict future consumption by considering parameters like population, economics, regulations, market competition, drivers, constraints, technology, and pricing. We also employ statistical techniques such as multilinear regression, exponential smoothing, moving average, ARIMA, and Monte Carlo simulations for accurate predictions. In econometric forecasting, we analyzed short-term and long-term event impacts, attributing values based on regulatory frameworks, economic factors, and market events.
Speak to Our Analyst
