ADDITIVE MANUFACTURING MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)
Global Additive Manufacturing Market is estimated to be valued at US$ 20.31 Bn in 2024 and is expected to reach US$ 95.88 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 24.8% from 2024 to 2031.
Market Dynamics
Additive manufacturing, commonly known as 3D printing, is an industrial production process that builds three-dimensional solid objects from a digital file. A 3D printer initiates the creation of a part or product by constructing successive layers of suitable raw material under computer control, with material being added together (printed in 3D as opposed to carved away as with subtractive manufacturing methods). 3D printing offers several advantages over conventional manufacturing methods such as enabling the creation of complex geometries that would otherwise be almost impossible to produce, requiring little or no tooling costs, and scalable component production with little additional cost for low volume parts.
The additive manufacturing market growth is driven by factors such as increasing demand from the automotive, aerospace & defense, and medical industries. 3D printing provides capabilities for designing complex customized products which conventional methods cannot produce. However, high equipment and material costs continue to restrain the adoption of 3D printing to an extent. Offset to this is the growing adoption of desktop 3D printers by small businesses and households for prototyping and small-scale production.
Key features of the study
- This report provides in-depth analysis of the global additive manufacturing market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global additive manufacturing market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include 3D Systems, 3DCeram, Arcam AB, Autodesk Inc., Canon Inc., and Dassault Systemes
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- Global additive manufacturing market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global additive manufacturing market
Market Segmentation
Table of Contents
*Browse 32 market data tables and 28 figures on 'Additive Manufacturing Market' - Global forecast to 2031
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