Global Additive Manufacturing Market Outlook

$1,950.00

We offer free report customization services, whether you purchase a stand-alone chapter or a country-level report. Additionally, we provide affordable discounts for startups and universities.


Market Overview

Additive manufacturing refers to the process of combining materials to create parts using a 3D model data or computed-aided design (CAD), typically layer by layer. This method stands in contrast to subtractive manufacturing and formative manufacturing approaches. Commonly referred to as 3D printing, AM differs from traditional manufacturing methods that rely on removing excess material through drilling, cutting, and grinding. The global additive manufacturing market in terms of revenue grew at a CAGR of 18.6% from USD12,049 million in 2020 to USD 20,078 million in 2023. This trend is expected to continue in the coming years with the global additive manufacturing market expected to grow at a CAGR of 19.0% from 2023 to 2028, reaching USD 47,994 million in 2028.

The additive manufacturing market encompasses various components, including hardware, materials, and services, all of which contribute to its revenue forecast. Within the hardware category, there are machine printers and components designed for both industrial and desktop applications. These machines play a crucial role in the 3D printing process. The hardware segment is anticipated to exhibit the CAGR of 15.9% during the forecast period from 2023 to 2028.

The aerospace & defense segment generated USD 3,761 million in revenue in 2022. It is projected to reach USD 11,410 million by 2028, representing a CAGR of 20.5% over the forecast period of 2023 to 2028. The aerospace and defense sector has been at the forefront of utilizing technology to create increasingly intricate components, and one such technology is additive manufacturing. Within this market, AM is primarily utilized for the production of prototypes and mechanical parts. However, there are numerous ongoing projects aimed at developing the capability to 3D print parts directly in space and on the battlefield, catering to specific needs or replacement requirements.

The global additive manufacturing market has witnessed substantial growth in terms of revenue, driven primarily by the North America sectors. In 2022, the market was valued at USD 6,269 million, and it is projected to reach USD 19,047 million by the year 2028, representing a remarkable CAGR of 20.1% during the forecast period.

In the short term, small manufacturing companies offering customized services are set to compete with global industry leaders in the additive manufacturing market. Their advantages of low setup costs and absence of economies of scale make them formidable contenders. Low-cost printers and materials from China are expected to boost competitiveness. Innovative leaders invest in research and development to pioneer AM technologies, while others wait for prices to decrease and validated applications to expand. Key players include Stratasys, Ltd., 3D Systems Corporation, Desktop Metal, Inc., GE Additive, HP Inc., Markforged Holding Corp., Materialise N.V., Proto Labs, Inc., SLM Solutions Group AG, Velo3D Inc., Xerox Holdings Corporation, Formlabs Inc., EOS GmbH, Prodways Group SA, Cal-Comp Electronics (Thailand) PCL, Farsoon Technologies Co., Ltd., Xi’an Bright Laser Technologies Co., Ltd., Harn Engineering Solutions PCL, Sodick Co., Ltd., Guangdong Fenghua Zhuoli Technology Co., Ltd., Nano Dimension Ltd., XJet Ltd., Massivit 3D Printing Technologies Ltd., among others.

This study aims to analyze the global market for various segments of additive manufacturing, including:
Component: Hardware, Materials, and Services.
End-User: Aerospace & Defense, Manufacturing, Automotive, Consumer Goods, Healthcare, Construction, and Others.
Region: North America, Europe, Asia Pacific, Latin America, and Middle East and Africa (MEA).


Table of Contents

TABLE OF CONTENTS
TABLE OF CONTENTS 1
FIGURES AND TABLES 5
Part 1. Key Findings 8
Part 2. Scope and Methodology 9
Report Scope 10
Component 10
End-User 10
Region 10
Research Methodology 11
Part 3. Additive Manufacturing Market Overview 13
Summary 13
Introduction 15
Part 4. Market Dynamics 16
Growth Drivers and Future Trends 16
Restraints and Challenges 18
Opportunities 20
Part 5. Global Additive Manufacturing Market by Component 26
Part 6. Global Additive Manufacturing Market by End-User 29
Aerospace & Defense 30
Manufacturing 30
Automotive 32
Consumer Goods 33
Healthcare 35
Construction 36
Others 37
Part 7. Global Additive Manufacturing Market by Region 40
Part 8. Competitive Analysis 43
Competition Overview 43
Recent Developments 46
Stratasys, Ltd. 49
Business Overview 49
Contact Information 51
3D Systems Corporation 52
Business Overview 52
Contact Information 54
Desktop Metal, Inc. 55
Business Overview 55
Contact Information 57
GE Additive 58
Business Overview 58
Contact Information 58
HP Inc. 59
Business Overview 59
Contact Information 59
Markforged Holding Corp. 61
Business Overview 61
Contact Information 63
Materialise N.V. 64
Business Overview 64
Contact Information 66
Proto Labs, Inc. 67
Business Overview 67
Contact Information 69
SLM Solutions Group AG 70
Business Overview 70
Contact Information 72
EOS GmbH 73
Business Overview 73
Contact Information 73
Formlabs Inc. 74
Business Overview 74
Contact Information 74
Prodways Group SA 75
Business Overview 75
Contact Information 75
Velo3D Inc. 76
Business Overview 76
Contact Information 78
Xerox Holdings Corporation 79
Business Overview 79
Contact Information 81
Cal-Comp Electronics (Thailand) PCL 82
Business Overview 82
Contact Information 83
Farsoon Technologies Co., Ltd. 84
Business Overview 84
Contact Information 84
Xi’an Bright Laser Technologies Co., Ltd. 85
Business Overview 85
Contact Information 87
Harn Engineering Solutions PCL 88
Business Overview 88
Contact Information 88
Sodick Co., Ltd. 89
Business Overview 89
Contact Information 91
Guangdong Fenghua Zhuoli Technology Co., Ltd. 92
Business Overview 92
Contact Information 93
Nano Dimension Ltd. 94
Business Overview 94
Contact Information 96
XJet Ltd. 97
Business Overview 97
Contact Information 98
Massivit 3D Printing Technologies Ltd. 99
Business Overview 99
Contact Information 99
Disclaimer 100
FIGURES AND TABLES
Global Additive Manufacturing Market, Net Growth, 2020-2028 (USD Million)
Types of Additive Manufacturing
Global Additive Manufacturing Market by Component, 2020-2028 (USD Million)
Global Additive Manufacturing Market by Component, CAGR Historic and Forecast, 2020-2028
Global Additive Manufacturing Market by End-User, 2020-2028 (USD Million)
AM Technologies in Key End-Users
Global Additive Manufacturing Market by End-User, CAGR Historic and Forecast, 2020-2028
Global Additive Manufacturing Market Share by Region, 2022
Global Additive Manufacturing Market by Region, 2020-2028 (USD Million)
Global Additive Manufacturing Market by Region, CAGR Historic and Forecast, 2020-2028
North America, Europe, Asia Pacific, and Rest of World Additive Manufacturing Key Companies
Stratasys, Ltd. Financial Overview (USD Million)
Stratasys, Ltd. Revenue, by Segment, 2022
Stratasys, Ltd. Revenue, by Region, 2022
3D Systems Corporation Financial Overview (USD Million)
3D Systems Corporation Revenue, by Segment, 2022
3D Systems Corporation Revenue, by Type, 2022
3D Systems Corporation Revenue, by Region, 2022
Desktop Metal, Inc. Financial Overview (USD Thousand)
Desktop Metal, Inc. Revenue, by Segment, 2022
Desktop Metal, Inc. Revenue, by Region, 2022
HP Inc. Financial Overview (USD Million)
Markforged Holding Corp. Financial Overview (USD Million)
Markforged Holding Corp. Revenue, by Segment, 2022
Markforged Holding Corp. Revenue, by Region, 2022
Materialise N.V. Financial Overview (EUR Million)
Materialise N.V. Revenue, by Segment, 2022
Materialise N.V. Revenue, by Region, 2022
Proto Labs, Inc. 3D Printing Revenue (USD Thousand)
Proto Labs, Inc. Financial Overview (USD Million)
Proto Labs, Inc. Revenue, by Segment, 2022
Proto Labs, Inc. Revenue, by Region, 2022
SLM Solutions Group AG Financial Overview (EUR Million)
SLM Solutions Group AG Revenue, by Segment, 2022
SLM Solutions Group AG Revenue, by Region, 2022
Prodways Group SA Financial Overview (EUR Million)
Velo3D Inc. 3D Printer Revenue (USD Thousand)
Velo3D Inc. Financial Overview (USD Million)
Velo3D Inc. Revenue, by Segment, 2022
Velo3D Inc. Revenue, by Region, 2022
Xerox Holdings Corporation Financial Overview (USD Million)
Xerox Holdings Corporation Revenue, by Segment, 2022
Xerox Holdings Corporation Revenue, by Major Product and Services Lines, 2022
Xerox Holdings Corporation Revenue, by Region, 2022
Cal-Comp Electronics (Thailand) PCL Financial Overview (THB Million)
Cal-Comp Electronics (Thailand) PCL Revenue, by Segment, 2022
Farsoon Technologies Co., Ltd. Financial Overview (CNY Million)
Xi’an Bright Laser Technologies Co., Ltd. Financial Overview (CNY Million)
Xi’an Bright Laser Technologies Co., Ltd. Revenue, by Industry, 2022
Xi’an Bright Laser Technologies Co., Ltd. Revenue, by Segment, 2022
Xi’an Bright Laser Technologies Co., Ltd. Revenue, by Region, 2022
Harn Engineering Solutions PCL Financial Overview (THB Million)
Sodick Co., Ltd. Financial Overview (JPY Million)
Sodick Co., Ltd. Revenue, by Segment, 2022
Sodick Co., Ltd. Revenue, by Region, 2022
Guangdong Fenghua Zhuoli Technology Co., Ltd. Financial Overview (CNY Million)
Guangdong Fenghua Zhuoli Technology Co., Ltd. Revenue, by Segment, 2022
Nano Dimension Ltd. Financial Overview (USD Million)
Nano Dimension Ltd. Revenue, by Segment, 2022
Nano Dimension Ltd. Revenue, by Region, 2022
XJet Ltd. Financial Overview (USD Thousand)
XJet Ltd. Revenue, by Region, 2022
Massivit 3D Printing Technologies Ltd. Financial Overview (USD Million)

Related Research

Shopping Cart
Scroll to Top

Request Sample

Global Additive Manufacturing Market Outlook

Please fill out our form and we will get back to you.