How Has the Additive Manufacturing Market Evolved Historically and What is its Current Size
The additive manufacturing market has seen considerable growth due to a variety of factors.
• The market size of additive manufacturing has seen significant expansion in the past few years. Its projected growth is from $19.34 billion in 2024 to an impressive $23.42 billion in 2025, with a compound annual growth rate (CAGR) of 21.1%.
The historical growth can be associated with the requirement for prototyping and quick prototyping, customization and intricate geometric designs, lessened material wastage, acceptance in the aerospace and healthcare sectors, and cost-effective production in lower volumes.
What are the Market Size and Expected Growth Rates for the Additive Manufacturing Market?
The additive manufacturing market is expected to maintain its strong growth trajectory in upcoming years.
• In the upcoming years, the additive manufacturing market is projected to witness a substantial surge, escalating to a worth of $50.49 billion in 2029, with a compound annual growth rate (CAGR) of 21.2%.
This significant growth during the forecast period is driven by a need for mass customization, advancements in healthcare and bioprinting, wider implementations in the automotive and energy sectors, its combination with conventional manufacturing, and the establishment of supportive regulations and standards. The time frame for this forecast also foresees predominant trends such as Industry 4.0 and digitalization, materials innovation, technological progress in 3D printing, and multi-material and hybrid printing.
What Are The Leading Drivers Of Growth In The Additive Manufacturing Market?
The surge in 3D printing usage is anticipated to boost the expansion of the additive manufacturing industry in the future. 3D printing, which refers to the process of creating three-dimensional solid items from a digital file, supports additive manufacturing by offering an economical and flexible solution for producing customized components and facilitating preoperative planning. For example, AZoNetwork UK Ltd., a marketing science firm based in the UK, reported that well over 2.2 million 3D printers were transported in 2021, and it is predicted that by 2030, the number of 3D printer shipments will reach 21.5 million. Therefore, the increasing need for 3D printing is a significant factor driving the enhancement of the additive manufacturing industry.
How Is The Globa Additive Manufacturing Market Divided Into Key Segments?
The additive manufacturing market covered in this report 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 Defense, Industrial Or Business Machines, Education And Research, Other Applications
Subsegments:
1) By Stereolithography: Standard Stereolithography, Digital Light Processing (DLP), PolyJet Printing
2) By Binder Jetting Printing: Metal Binder Jetting, Sand Binder Jetting
3) By Laser Sintering: Selective Laser Sintering (SLS), Direct Metal Laser Sintering (DMLS), Electron Beam Melting
4) By Fused Deposition Modeling (FDM): Standard FDM, Dual-Extrusion FDM
5) By Laminated Object Manufacturing (LOM): Paper Lamination, Plastic Lamination
6) By Thermal Dimensional Printing: Hot Melt Adhesive, Thermoplastic Materials
7) By Other Technologies: Continuous Filament Fabrication (CFF), Selective Laser Melting (SLM)
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What Trends Are Reshaping The Additive Manufacturing Market?
Leading businesses in the additive manufacturing market are concentrating on introducing innovative techniques such as digital additive-manufacturing technology to heighten their production efficiency. This technology involves building three-dimensional objects by layering materials based on digital designs, facilitating intricate geometries and customization while optimizing production efficiency and minimizing waste. For example, Mitsubishi Electric Corporation, a Japanese electronics firm, introduced the AZ600 wire-laser metal 3D printer in February 2022. This 3D printer employs laser technology to melt welding wire, allowing the production of superior quality 3D structures with accuracy. Its unique feature is the simultaneous 5-axis spatial control, which enhances manufacturing efficiency and cuts down on energy usage and waste.
Who Are the Key Players in the Additive Manufacturing Market?
Major companies operating in the additive manufacturing market include:
• General Electric Company
• ANSYS Inc.
• Höganäs AB
• Greatbatch Inc.
• Renishaw plc
• Arburg GmbH + Co KG
• Stratasys Ltd.
• EOS GmbH
• 3D Systems Corporation
• Proto Labs Inc.
• Materialise NV
• MakerBot Industries LLC
• SLM Solutions Group AG
• Markforged
• Arcam AB
• The ExOne Company
• Envisiontec GmbH
• EnvisionTEC LLC
• Ultimaker BV
• Optomec Inc.
• Voxeljet AG
• ExOne Company
• Mcor Technologies Ltd.
• Danae Inc.
• Made In Space Inc.
• CleanGreen 3D
• American Additive Manufacturing LLC
• Biomedical Modeling Inc.
• Yamazaki Mazak Corporation
• GPI Prototype & Manufacturing Services Inc.
• Print Parts Inc.
• Applied Rapid Technologies Corporation
• 3DEO Inc.
What are the Regional Insights into the Additive Manufacturing Market?
North America was the largest region in the additive manufacturing market in 2024. The regions covered in the additive manufacturing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
