The Additive Manufacturing Market Size was valued at USD 20.44 billion in 2023 and is expected to reach USD 126.97 billion by 2032 and grow at a CAGR of 22.5% over the forecast period 2024-2032.
Additive Manufacturing Market often referred to as 3D printing, is revolutionizing industries by enabling the creation of complex, customized products with reduced material waste and production time. The market for AM has seen significant growth due to its ability to streamline manufacturing processes, especially in sectors like aerospace, automotive, and healthcare. The technology allows for the rapid prototyping of components, reducing the time needed to bring products from concept to market. Additionally, AM is increasingly being used for the production of end-use parts, leading to innovations in product design and functionality that were previously unattainable with traditional manufacturing methods.
As the AM market continues to expand, its applications are diversifying beyond traditional industrial sectors. The emergence of new materials, such as metal powders and advanced polymers, has opened up possibilities for more durable and functional printed components. This growth is further fueled by advancements in software and hardware, enabling more precise and reliable production processes. Moreover, with the increasing focus on sustainability, AM's potential to reduce waste and energy consumption is making it an attractive option for manufacturers aiming to meet environmental goals. As a result, the market is poised for continued expansion, driven by technological innovations and a growing demand for customized, efficient manufacturing solutions.
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Covid 19 impact analysis:
The latest report is the most recent study that offers 360° coverage of the Additive Manufacturing industry that has been facing the brunt of the adverse economic impact of the COVID-19 outbreak since the beginning of this year. The global health crisis has affected nearly every aspect of the business vertical and led to massive disruptions to the global Additive Manufacturing market demand and supply chains. Researchers draw predictions for the market scenario in the post-COVID era. The report, additionally, assesses the present market situation and estimates its future outcomes, keeping in mind the impact of the pandemic on the global economic landscape.
Major companies profiled in the market report include
3D Systems, Inc., 3DCeram, Arcam AB, Autodesk, Inc., Canon, Inc., Dassault Systemes, EnvisionTec, Inc., EOS (Electro Optical Systems) GmbH, ExOne, GE Additive, HP Inc., madeinspace.us, Materialise NV, Optomec, Inc., Organovo Holdings Inc., Proto Labs, Inc., Shapeways, Inc., Stratasys, Ltd, Tiertime, Voxeljet AG
Research objectives:
The latest research report has been formulated using industry-verified data. It provides a detailed understanding of the leading manufacturers and suppliers engaged in this market, their pricing analysis, product offerings, gross revenue, sales network & distribution channels, profit margins, and financial standing. The report’s insightful data is intended to enlighten the readers interested in this business sector about the lucrative growth opportunities in the Additive Manufacturing market.
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It has segmented the global Additive Manufacturing market
By Component
- Hardware
- Software
- Services
By Printer Type
- Desktop 3D Printer
- Industrial 3D Printer
By Software
- Design Software
- Inspection Software
- Printer Software
- Scanning Software
Key Reasons to Purchase this Report:
- A comprehensive study of market size, share and dynamics is a global Additive Manufacturing'market research report and a thorough survey of developments in the field.
- It offers an in-depth overview of revenue growth and an analysis of the total business benefits.
- In addition to the strategic landscape for commodity pricing and marketing, the Additive Manufacturing' industry research also provides key players.
- This is a new post covering the latest impact on the target market. The research report addresses the rapidly evolving market climate as well as the initial and future impact assessment
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