Additive Manufacturing Market Scientific And Technology, Assessment, Statistics And Facts And Forecast 2023-2032|3D Systems Inc., Envisiontec GmbH, Stratasys Ltd., Materialise NV, Arcam AB

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The Additive Manufacturing Global Market Report 2023 by The Business Research Company, provides additive manufacturing market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.

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According to The Business Research Company’s Additive Manufacturing Global Market Report 2023, the market size is expected to grow from$13.16 billion in 2022 to $16.06 billion in 2023 at a compound annual growth rate (CAGR) of 22.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, and affecting many every market across the globe. The global additive manufacturing market size is expected to reach $34.22 billion in 2027 at a CAGR of 20.8%.

The increasing demand for 3D printing is expected to propel the growth of the additive manufacturing market going forward. The method of creating three dimensional solid objects from a digital file is known as 3D printing. 3D printing helps additive manufacturing by making a cost-effective and flexible way to produce customized parts and used for preoperative planning.

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The additive manufacturing market is segmented:

1) By Technology: Stereolithography, Polyjet Printing, Binder Jetting Printing, Laser Sintering, Electron Beam Melting, Fused Deposition Modeling, Laminated Object Manufacturing, Thermal Dimensional Printing, Other Technologies

2) By Material Type: Plastics, Metals, Ceramics, Other Materials

3) By Application: Aerospace, Automotive, Consumer Products, Healthcare, Government And Defence, Industrial Or Business Machines, Education And Research, Other Applications

Technological innovation is a key trend gaining popularity in the additive manufacturing market. Companies operating in the additive manufacturing market are introducing new technologies to develop their business in the market. For instance, in March 2021, Stratasys, Ltd., an Israel-based 3D printer manufacturing company, launched powder bed fusion technology. Powder bed fusion technology is an additive manufacturing technique, which forms parts by adding material rather than by deleting it during traditional forming procedures like milling.

The additive manufacturing market report table of contents includes: