Global Additive Manufacturing Market Size Insights Forecasts to 2033

• The Global Additive Manufacturing Market Size was Valued at USD 19.97 Billion in 2023
• The Market Size is Growing at a CAGR of 21.78% from 2023 to 2033
• The Worldwide Additive Manufacturing Market Size is Expected to Reach USD 143.3 Billion by 2033
• Asia Pacific is Expected to Grow the fastest during the forecast period.

The Global Additive Manufacturing Market Size is Anticipated to Exceed USD 143.3 Billion by 2033, Growing at a CAGR of 21.78% from 2023 to 2033.

Market Overview

Additive Manufacturing (AM) stands apart from subtractive manufacturing, which involves grinding away excess material from a block of material. In industrial applications, additive manufacturing is most commonly used to refer to 3D printing. Additive manufacturing is the process of adding material layer by layer to form an object from a three-dimensional file using a 3D printer and 3D printer software. Depending on the application, a suitable additive manufacturing technology is chosen from among the available options. The deployment of additive manufacturing includes installation, advisory, and customer support services, as well as managing various aspects of copyright, licensing, and patenting. Additive manufacturing allows for prototyping, developing the structure and final products, modeling, and shortening the time to market. Businesses can now offer more competitive prices on their products due to significant reductions in production costs. The use of 3D printers is likely to increase as a result of these benefits. In addition, rapid prototyping services utilizing substitute technologies like selective laser sintering or stereolithography might be adequate. The panorama of options for the additive manufacturing market is constantly changing due to the development of both classic production techniques and emerging additive manufacturing technologies.

Report Coverage

This research report categorizes the market for the global additive manufacturing market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the global additive manufacturing market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the global additive manufacturing market.

Driving Factors

The increasing demand for personalized items is one of the main factors propelling the additive manufacturing industry. Manufacturers can now create items that are specifically customized to meet the needs of each unique client due to 3D printing, which is especially useful for businesses in the aerospace, automotive, and healthcare sectors. Furthermore, additive manufacturing provides a higher material efficiency because it only consumes what is required to build a product. Additive manufacturing has a lot of positive environmental effects over traditional production. The two most prominent ones are the minimization of waste and energy. As a result, the market is anticipated to grow while providing advantages for the environment as manufacturers begin concentrating on development while considering sustainability. In addition, the market is expanding as a result of the healthcare industry's adoption of 3D printing for medications, prosthetics, and implants tailored to each patient. Industries such as aerospace and automotive find it attractive to be able to produce small quantities of items at a reduced cost and prototype them fast.

Restraining Factors

Misconceptions regarding the prototyping procedures among small and medium-sized firms are impeding the uptake of additive manufacturing. Rather than attempting to reap the benefits of prototyping, some manufacturers are waiting to view their investments in the process as responsible ones. Prototyping is generally thought of as just a costly step before manufacturing. It is anticipated that these attitudes, along with the impending deficiency in technical expertise and standard operating procedures, will limit the global additive manufacturing market's expansion.

Market Segmentation

The global additive manufacturing market share is classified into material type, technology, and application.

• The metal segment is expected to hold the largest share of the global additive manufacturing market during the forecast period.   

Based on the material type, the global additive manufacturing market is divided into metal, plastic, alloys, and ceramics. Among these, the metal segment is expected to hold the largest share of the global additive manufacturing market during the forecast period. The significant use of metal material in additive manufacturing processes in large industries like consumer electronics and automobiles is responsible for the metal material segment's rise. Another name for metal additive manufacturing is metal 3D printing. In metal additive manufacturing, food is heated to wire or powder form using heat sources like electrons or lower beams so it can be formed into the desired product. Models and prototypes are produced using metal additive manufacturing, which has various other applications. The growth of the segment is aided by the availability of metal materials that enable sustainability.

• The stereolithography segment is expected to hold the largest share of the global additive manufacturing market during the forecast period.   

Based on the technology, the global additive manufacturing market is divided into stereolithography, fused disposition modeling, laser sintering, binder jetting printing, polyjet printing, electron beam melting, laminated object manufacturing, and others. Among these, the stereolithography segment is expected to hold the largest share of the global additive manufacturing market during the forecast period. Stereolithography is one of the most traditional and widely utilized printing techniques is stereolithography. Stereolithography is growing in popularity because it is simple to use and has many other benefits. However, several additional reliable and effective solutions are beginning to find chances due to technical breakthroughs and the strong R&D activities being pursued by researchers and industry specialists.

• The healthcare segment is expected to hold the largest share of the global additive manufacturing market during the forecast period.

Based on the application, the global additive manufacturing market is divided into automotive, healthcare, aerospace, consumer goods, industrial, defense, architecture, and others. Among these, the healthcare segment is expected to hold the largest share of the global additive manufacturing market during the forecast period. As additive manufacturing is increasingly used to create artificial muscles and tissues that mimic genuine tissues for use in replacement procedures, the healthcare segment is expected to experience rapid growth.

Regional Segment Analysis of the Global Additive Manufacturing Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

North America is anticipated to hold the largest share of the global additive manufacturing market over the predicted timeframe.

North America is anticipated to hold the largest share of the global additive manufacturing market over the predicted timeframe. North America has dominated market growth due to its early and widespread adoption of additive manufacturing technology. Well-established industries such as aerospace, automotive, and healthcare have always driven the demand for 3D printing applications. Furthermore, the region's technological advancements and commercial expansion have been significantly aided by the United States' robust network of colleges, innovative businesspeople, and government support. The availability of highly qualified professionals and a strong network of additive manufacturing service providers has further solidified North America's supremacy in the global additive manufacturing market.

Asia Pacific is expected to grow at the fastest pace in the global additive manufacturing market during the forecast period. The expansion of the regional market is mostly attributable to the persistent advancements and modernizations that the established players in the manufacturing sector throughout the area are pursuing. Asia Pacific is becoming a consumer electronics, healthcare, and automobile production hub. Throughout the projection period, the adoption of three-dimensional printing throughout the region is anticipated to be significantly influenced by the region's rapid urbanization.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global additive manufacturing market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Optomec, Inc.
• 3D Systems, Inc.
• Arcam AB
• 3DCeram
• Canon, Inc.
• Autodesk, Inc.
• EnvisionTec, Inc.
• Dassault Systemes
• ExOne
• EOS (Electro Optical Systems) GmbH
• HP Inc.
• GE Additive
• Materialise NV
• madeinspace.us
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In November 2023, the release of Autodesk AI was announced by Autodesk Inc. This new technology, which can be found in Autodesk products, is intended to give users intelligent help and creative capabilities. By automating routine processes and client demands, the company hopes to reduce errors with the introduction of this new technology in Autodesk products.

• In March 2023, the release of NextDent LCD1, a printing platform, and NextDent Cast and Base, two new printing materials, were announced by 3D Systems, Inc. The printing platform is a user-friendly small-format printer, and the materials are made to improve the quality of the materials. The company wanted to help its customers accelerate the adoption of additive manufacturing, which is why it launched these products.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global additive manufacturing market based on the below-mentioned segments: 

Global Additive Manufacturing Market, By Material Type

• Metal
• Plastic
• Alloys
• Ceramics

Global Additive Manufacturing Market, By Technology

• Stereolithography
• Fused Disposition Modelling
• Laser Sintering
• Binder Jetting Printing
• Polyjet Printing
• Electron Beam Melting
• Laminated Object Manufacturing
• Others

Global Additive Manufacturing Market, By Application

• Automotive
• Healthcare
• Aerospace
• Consumer Goods
• Industrial
• Defense
• Architecture
• Others

Global Additive Manufacturing Market, Regional

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa