Additive Manufacturing Machine Market To Attain USD 75.56 Billion By 2032
Research Reports
Oct 05, 2023
Additive Manufacturing Machines Industry Overview:
The study documents by MRFR state that the Additive Manufacturing Machines Market Research Report Information by Technology, End Use, Application, and Region – Forecast Till 2032, the Additive Manufacturing Machines market is predicted to expand substantially during the evaluation era from 2022 to 2032 at a sizable CAGR of closely 18.50%. The study documents suggest projections related to the global market’s mounting revenue data, which will likely attain a market of USD 75.56 billion by the end of 2032. As per the reports, the market was priced at almost USD 13.84 billion in 2022.
The Additive Manufacturing Machine market has recently advanced. The main feature causing a rise in market performance is the demand for complex and lightweight parts. Furthermore, the rising advancements in materials and software are also considered to be one of the vital parameters enhancing the development of the global market.
Competitive Analysis
- DMG MORI Co., Ltd.
- Voxeljet AG
- Mazak Corporation
- Optomec
- Matsuura Machinery Corporation
- SLM SOLUTIONS GROUP AG
- Stratasys Ltd
- Okuma America Corporation
- Eplus3D
- Fabrisonic
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Market Drivers
The Additive Manufacturing Machine market has recently advanced. The main feature causing a rise in market performance is the demand for complex and lightweight parts. Furthermore, the rising advancements in materials and software are also considered to be one of the vital parameters enhancing the development of the global market.
Market Restraints
On the contrary, various aspects may harm expanding the global market for Additive Manufacturing Machines. One of the main restraints in advancing the market’s growth is the elevated prices allied with raw materials.
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Segment Analysis
The global market for additive manufacturing machines has been fragmented into various segments based on application, technology, end-user, and region.
Based on the technology, the global market for additive manufacturing machines is split into polyJet, selective absorption fusion (SAF), stereolithography, fused deposition modeling (FDM), and others.
Based on the application areas, the global market for additive manufacturing machines is divided into composite tooling, manufacturing, and rapid prototyping.
Based on the end-users, the global market for additive manufacturing machines is fragmented into healthcare, aerospace & defense, consumer products, automotive, and others.
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Regional Analysis
The study offers market data by region for North America, Asia-Pacific, Europe, and the Rest of the World.
The study documents by MRFR entail that The North American region ensured the prime position across the Additive Manufacturing Machines market in 2022 and is expected to exhibit a significant CAGR growth during the study period. The area is recognized for dynamic development contributors such as Mexico, Canada, and the U.S. The primary aspect boosting the development of the regional Additive Manufacturing Machines market is the significant number of key players operating in the region. Furthermore, the growing investments in manufacturing technologies are also considered to be one of the vital parameters enhancing the growth of the regional market. In addition, the growing demand for 3D printers and industrial-grade additive manufacturing systems across various sectors is anticipated to have a positive impact on the growth of the regional market over the coming years. Nations such as the U.S. invested heavily in additive manufacturing technology in 2021. The country invested USD M and USD M in 2022, according to the Association for Manufacturing Technology.
The European Region is estimated to hold the second position across the Additive Manufacturing Machines market over the assessment era. The area is recognized for dynamic development contributors such as Germany, France, and the U.K. The primary aspect boosting the development of the regional Additive Manufacturing Machines market is the embracement of the potential of 3D printing technology. With an emphasis on innovation and industrial transformation, European nations are investing heavily in additive manufacturing, driving the adoption of advanced machines. Furthermore, the development of the regional market is propelled by applications in aerospace, automotive, medical devices, and tooling industries, coupled with supportive government initiatives and collaborations between research institutions and industry players.
The Asia-Pacific Region will grow substantially across the Additive Manufacturing Machines market from 2023 to 2032. The area is recognized for dynamic development contributors such as China, India, and Indonesia. The primary aspect boosting the development of the regional Additive Manufacturing Machines market is the rapid industrialization and technological advancements in emerging nations. The region is growing to be a manufacturing hub, with rising adoption of printing technology across various sectors. Government initiatives further boost the regional market’s development, the presence of a large consumer base, and investments in research & development.
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