Additive Manufacturing & Material Market Growth, Trends And Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players -3D Systems, ARCAM, Envisiontec, Eos, Exone, MCOR Technologies

The global Additive Manufacturing & Material Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of 20.8% during the review period (2022 to 2027)

Additive Manufacturing & Material Market Overview

Additive Manufacturing (AM) is dissimilar from the subtractive technique of production, which envisages grinding out needless material from a block of material. The use of additive manufacturing in industrial applications characteristically refers to 3D printing. Additive manufacturing involves a layer-by-layer addition of material to form an item while referring to a 3 dimensional file with the help of a 3D printer and 3D printer software. A appropriate additive manufacturing technology is selected from the accessible set of technologies depending upon the application. The deployment of additive manufacturing contains providing installation services, offering consultation solutions and customer support, and handling numerous aspects related to copyrights, licensing, and patenting. Additive manufacturing is helping producers in prototyping, designing the structure and end products, modeling, and shortening the time to marketplace. As a result, the production expenses have reduced considerably, and producers are in a better position to offer products at reasonable prices. The adoption of 3D printers is projected to rise as a result of these profits. Stereolithography happens to be one of the oldest and greatest conventional printing technologies. Apart from ease of processes, there are some other advantages associated with stereolithography, which are encouraging the adoption of the technology. Though, advances in technology and aggressive research & development activities being pursued by industry specialists and researchers are opening opportunities for several other efficient and reliable technologies.

Industry News

In November 2021, Optomec Inc., a leader in production solutions for metal additive manufacturing and 3D printed electronics, declared the launch of two innovative additive manufacturing machines specifically designed for high volume production and incorporate automated part-handling options. These machines are designed with operator-friendly production software for error-free sequencing in a business setting.

In November 2021, Stratasys Ltd., a leader in polymer 3D printing solutions, declared that Danish shoe manufacturer ECCO is using Stratasys Origin one 3D printing technology to accelerate product development, by allowing conceptual footwear samples to be reviewed initial in the development cycle using 3D printed mold and lasts with resin materials from Henkel Loctite.

Technology Insights

The stereolithography section dominated the market in 2021 and accounted for a revenue share of more than 9%. Stereolithography happens to be one of the oldest and greatest conventional printing technologies. Apart from ease of operations, there are numerous other advantages associated with stereolithography, which are encouraging the adoption of the technology. Though, advances in technology and aggressive research & development activities being pursued by industry experts and researchers are opening opportunities for numerous other efficient and reliable technologies.

Apart from stereolithography, there are numerous other additive manufacturing technologies used in the market. They contain fuse deposition modeling (FDM), direct metal laser sintering (DMLS), selective laser sintering (SLS), inkjet printing, polyjet printing, laser metal deposition, and electron beam melting (EBM), digital light processing (DLP), laminated item manufacturing, and others. While FDM is also adopted significantly; DLP, EBM, inkjet printing, and DMLS are also gaining significant traction as these technologies are appropriate in specialized additive manufacturing procedures.

Software Insights

The design software segment dominated the market in 2021 and accounted for a revenue share of extra than 31%. The segment is also probable to continue dominating the market over the forecast period. Design software is utilized for constructing the designs of the object to be printed, particularly in the automotive, aerospace & defense, and construction & engineering industries. There are numerous advantages associated with design software. One of the advantages is the capability of design software to serve as a bridge amongst the object to be printed and the printer’s hardware.

Apart from design software, there are other different kinds of software used in the market. They contain scanning software, printer software, and inspection software. The demand for scanning software is poised for significant progress over the forecast period in line with the rising trend of scanning objects and storing scanned documents. The capability to store the scanned images of the objects irrespective of their sizes and dimensions for 3-dimensional printing is projected to drive the demand for scanning software. The scanning software segment is expected to grow at the highest CAGR of 22.7% from 2022 to 2027.

Application Insights

The prototyping section dominated the market in 2021 and accounted for a revenue share of extra than 55%. The prototyping procedure is used widely across several industries and industry verticals. Incumbents of the automotive and aerospace & defense industries particularly use prototyping to exactly design and develop parts, components, and complex systems. Prototyping agrees manufacturers to achieve higher accuracy and develop reliable end products. Hereafter, the prototyping segment is expected to continue dominating the market completed the forecast period.

Other applications considered as part of the study contain tooling and functional parts. Functional portions include smaller joints and other metallic hardware required for connecting components. The accuracy and precise sizing of these functional portions are of paramount importance while developing machinery and systems. As a result, incumbents of numerous industries and industry verticals are putting a strong emphasis on designing and building functional parts with utmost precision. Hereafter, the functional parts segment is projected to grow at a significant CAGR of 22.4% from 2022 to 2027.

What are the major Applications, Types and Regions for Additive Manufacturing & Material Market?

By Type, it is segmented into

• Plastics


• Metals


• Ceramics


• Others

By Applications it is segmented into

• Aerospace Industry


• Automotive Industry


• Healthcare Industry


• Government and Defense


• Others

Additive Manufacturing & Material Market Regional Analysis

North America dominated the additive manufacturing market in 2021 and described for a revenue share of more than 35%. North America is home to developed economies, such as the U.S. and Canada. These economies are considered amongst the prominent and initial adopters of the newest technologies. On the other hand, Europe emerged as the second-largest regional marketplace. Europe happens to be the key region in terms of geographical footprint. Europe is also home to some corporations holding strong technological expertise in additive manufacturing. Asia Pacific is poised for remarkable progress. The regional market is expected to raise at the highest CAGR over the forecast period.

North America

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• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
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• Rest of the World
  
  
  
  • Middle East & Africa
  
  
  • Latin America
  
  
  
  

The Additive Manufacturing & Material Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Additive Manufacturing & Material Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.

What is our Additive Manufacturing & Material Market Report Scope?

Key Takeaways from this Additive Manufacturing & Material Report

• Evaluate Additive Manufacturing & Material market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.


• Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.


• Get in-depth insights on your competitor performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.


• Analyze the sales and distribution channels across geographies to enhance top-line revenues.


• Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.


• Get a quick outlook on the Additive Manufacturing & Material market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.


• Evaluate the import-export statistics, supply-demand and competitive landscape for more than top 20 countries globally for the market.

FAQ -

What is the study period of this market?

The Additive Manufacturing & Material Market is studied from 2017 - 2027.

 What is the growth rate of Additive Manufacturing & Material Market?

The Additive Manufacturing & Material Market is growing at a CAGR of 20.8% over the next 5 years.

What regions does this Additive Manufacturing & Material Market report covers?

North America (the United States, Canada, and Mexico)

Europe (Germany, France, UK, Russia, and Italy)

Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)

South America (Brazil, Argentina, Colombia, etc.)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.