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Additive Manufacturing Market to Reach USD 89.91B by 2030 with 21.86% CAGR
Additive Manufacturing Market Set to Surge with Projected CAGR of 21.86%
The global additive manufacturing market, valued at USD 22.53 billion in 2023, is projected to grow at a robust CAGR of 21.86%, reaching USD 89.91 billion by 2030. The surge is fueled by increasing demand for prototyping across industries like automotive, aerospace, and healthcare.
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Regional Growth Insights and Developments
Thailand’s Additive Manufacturing Trends
Thailand is embracing additive manufacturing with investments in R&D. Companies like EOS GmbH and Stratasys Ltd. are contributing to the growth, particularly in medical device manufacturing.
Japan’s Additive Manufacturing Consolidation
In Japan, Canon Inc. and Mitsubishi Electric are consolidating the additive manufacturing market. Recent mergers have aimed at boosting 3D printing capabilities, especially in electronics and automotive industries.
South Korea’s Additive Manufacturing Updation
South Korea continues to innovate with 3D printing, particularly in aerospace and automotive sectors. Hyundai Motor has invested in additive manufacturing to develop advanced vehicle components.
Singapore’s Additive Manufacturing Opportunities
Singapore is seeing rapid growth in additive manufacturing, with initiatives by Singapore Technologies Engineering to implement 3D printing in aerospace and defense.
United States Additive Manufacturing Trends
The U.S. remains a leader in the additive manufacturing sector, with General Electric and HP expanding their 3D printing capabilities for industrial applications. The automotive sector is also a major driver.
China’s Additive Manufacturing Market Growth
China’s additive manufacturing market is booming, driven by its manufacturing and aerospace industries. Shenzhen Yinghe Technology Co. is making strides in 3D printing innovations for consumer electronics.
Austria’s Additive Manufacturing Opportunities
Austria is emerging as a key player in additive manufacturing, with Siemens investing heavily in 3D printing technologies, particularly for industrial applications.
Belgium’s Additive Manufacturing Trends
Belgium is a growing hub for additive manufacturing in the medical and automotive sectors. Companies like Materialise NV are leading the way in 3D printing technologies.
Germany’s Additive Manufacturing Market Update
Germany continues to lead in additive manufacturing, especially in automotive and aerospace sectors. BMW has made substantial investments in 3D printing to mass-produce automotive components.
France’s Additive Manufacturing Growth
France is actively adopting 3D printing for aerospace and healthcare applications. Safran and Airbus are investing in additive manufacturing to streamline production processes.
Italy’s Additive Manufacturing Market Updation
Italy is experiencing significant growth in additive manufacturing, particularly for automotive applications. Fiat Chrysler Automobiles is increasing its use of 3D printing for prototyping.
Spain’s Additive Manufacturing Opportunities
Spain is capitalizing on additive manufacturing in the aerospace sector, with companies like Airbus leveraging 3D printing for lightweight part production.
United Kingdom’s Additive Manufacturing Trends
The UK is focused on developing innovative solutions in additive manufacturing, with companies like Renishaw advancing the use of 3D printing in medical and industrial applications.
Canada’s Additive Manufacturing Consolidation
Canada is leveraging additive manufacturing in the energy and aerospace sectors, with Magellan Aerospace expanding its 3D printing operations for complex aerospace components.
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Unveiling the Future of Additive Manufacturing Market Segmentation :
by Material Type
Plastics
Metals
Ceramics
Other
by Technology
Stereolithography
Fuse 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 Vertical
Aerospace
Automotive
Consumer Products,
Healthcare
Government
Defense
Others
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Leading the Way in Additive Manufacturing Industry:
Additive Manufacturing Providers in North America: 1. 3D Systems, Inc. (U.S.) 2. Stratasys Ltd. (U.S.) 3. ExOne (U.S.) 4. MakerBot Industries LLC (U.S.) 5. Formlabs (U.S.) 6. GE Additive (U.S.) 7. Renishaw plc (U.S.) 8. Sculpteo (U.S.) 9. EnvisionTEC (U.S.)
Additive Manufacturing Providers in Europe: 10. Arcam AB (Sweden) 11. EnvisionTEC (Germany) 12. EOS (Germany) 13. Materialise NV (Belgium) 14. MCor Technologies Ltd. (Ireland)
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