Industry: Construction & Manufacturing | Publish Date: 15-Nov-2024 | No of Pages: 138 | No. of Tables: 102 | No. of Figures: 67 | Format: PDF | Report Code : CM660
Russia Additive Manufacturing Market size was valued at USD 481.0 million in 2023, and is predicted to reach USD 1931.3 million by 2030, at a CAGR of 20.5% from 2024 to 2030. In terms of volume, the market size was 27 thousand units in 2023, and is projected to reach 136 thousand units by 2030, with a CAGR of 23.5% from 2024 to 2030.
The additive manufacturing (AM) market, also referred to as additive layer manufacturing (ALM) or three-dimensional (3D) printing, constitutes a global industry focused on developing, producing, and distributing technologies and materials for creating three-dimensional objects layer by layer from digital models. This market serves a wide array of sectors including aerospace, automotive, healthcare, and consumer goods, providing advanced solutions for prototyping, production, and customized manufacturing.
AM is acclaimed for its capacity to manufacture highly intricate and personalized components while minimizing material waste, resulting in substantial cost savings and environmental benefits. A notable feature of this market is its diverse range of printing technologies such as stereolithography (SLA), selective laser sintering (SLS), and fused deposition modeling (FDM), each tailored to specific industry requirements and applications. Moreover, AM's ability for rapid prototyping accelerates product development cycles, empowering businesses to innovate and introduce products to market more swiftly compared to traditional manufacturing methods.
The expansion of traditional manufacturing sectors such as automotive, aerospace, and machinery is driving in Russia additive manufacturing market demand for more efficient, cost-effective, and agile production methods. Additive manufacturing (AM) addresses these challenges by enabling rapid prototyping, on-demand production, and the manufacturing of complex geometries with minimized material waste.
According to the latest World Bank report, Russia's manufacturing sector grew significantly, reaching USD 287.71 billion in 2022 from USD 236.43 billion in 2021, marking a notable increase of approximately 21.7%. As the manufacturing sector in Russia diversifies and integrates advanced materials and technologies such as composites and high-performance alloys, AM becomes an indispensable technology for producing customized components and enhancing overall production efficiency.
The introduction of additive manufacturing (AM) products by regional players in Russia plays a pivotal role in driving market growth by addressing specific needs and preferences of local industries. These regional players offer tailored solutions and localized support services that effectively meet the unique challenges and requirements of Russian manufacturers, thereby stimulating the adoption and utilization of AM across diverse sectors including automotive, aerospace, healthcare, and defense.
For example, in May 2023, Rosatom launched Russia's largest 3D printer aimed at advancing additive manufacturing technology and expanding its applications across industries such as nuclear energy, aerospace, and medicine. This printer enables the production of large-scale items with specified strength properties at a high rate, achieving up to 2.4 kg/h using powdered materials derived from nickel alloys, stainless steel, and heat-resistant steels. Such initiatives increase accessibility to AM technologies and foster innovation within the market.
The significant initial investment required for AM equipment, materials, and training poses a substantial barrier to Russia additive manufacturing market trends. This financial commitment represents a significant challenge for businesses, especially smaller ones, restricting their ability to enter or scale operations within the market. Moreover, ongoing costs associated with materials and training compound the overall financial burden. As a result, many businesses are cautious about adopting AM technology due to these initial financial hurdles, thus hindering potential of the Russia additive manufacturing market growth.
The incorporation of artificial intelligence (AI) into additive manufacturing (AM) is expected to broaden the market by improving production processes, advancing product design capabilities, and enabling the creation of complex and customized objects. AI integration allows businesses to analyze large volumes of data collected during the printing process, including material properties, printing parameters, and environmental conditions. This analysis aids in recognizing patterns, refining settings, and anticipating potential defects, leading to enhanced printing accuracy and minimized material wastage.
The prominent key players operating in Russia additive manufacturing industry include AB Universal, Igo3D, Aniwaa, 3D Made, Motorica, Anisoprint, AMT Spetsavia, Picaso 3D, iGo3D Russia, AddSol 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
AB Universal
Igo3D
Aniwaa
3D Made
Motorica
Anisoprint
AMT Spetsavia
Picaso 3D
IGo3D Russia
AddSol
Parameters |
Details |
Market Size Value in 2023 |
USD 481.0 million |
Revenue Forecast in 2030 |
USD 1931.3 million |
Growth Rate |
CAGR 20.5% from 2024 to 2030 |
Market Volume in 2023 |
27 thousand units |
Market Forecast in 2030 |
136 thousand units |
Volume Growth Rate |
CAGR of 23.5% from 2024 to 2030 |
Analysis Period |
2023–2030 |
Base Year Considered |
2023 |
Forecast Period |
2024–2030 |
Market Size Estimation |
Million (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. |