Global Additive Manufacturing
Market Report
2024
Additive Manufacturing Market will be USD 18.5 billion in 2024 and expand at a compound annual growth rate (CAGR) of 19.2% from 2024 to 2031.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global Additive Manufacturing Market will be USD 18.5 billion in 2024 and expand at a compound annual growth rate (CAGR) of 19.2% from 2024 to 2031.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Additive Manufacturing Market Sales Revenue 2024 | $ 18.5 Billion |
Global Additive Manufacturing Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 19.2% |
North America Additive Manufacturing Sales Revenue 2023 | $ 8056.48 Million |
North America Additive Manufacturing Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 19.4% |
Europe Additive Manufacturing Sales Revenue 2023 | $ 6042.36 Million |
Europe Additive Manufacturing Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 19.7% |
Asia Pacific Additive Manufacturing Sales Revenue 2023 | $ 4632.48 Million |
Asia Pacific Additive Manufacturing Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 23.2% |
South America Additive Manufacturing Sales Revenue 2023 | $ 1007.06 Million |
South America Additive Manufacturing Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 20.6% |
Middle East and Africa Additive Manufacturing Sales Revenue 2023 | $ 13.08 Million |
Middle East and Africa Additive Manufacturing Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 7.2% |
Market Split by Component |
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Market Split by Printer |
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Market Split by Software |
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Market Split by Application |
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Market Split by Vertical |
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Market Split by Material |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Report scope is customizable as we have a huge database of Additive Manufacturing industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Additive Manufacturing Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Additive manufacturing, sometimes known as 3D printing, is revolutionizing production across industries. Unlike traditional subtractive procedures, which use molds, dies, or machining, this cutting-edge manufacturing technique constructs products layer by layer, utilizing digital 3D design data. Additive manufacturing provides game-changing benefits by allowing for on-demand and customizable production without the need for setup costs. Also, there are some key driving factors; the influx of investments and money into 3D printing companies and startups promotes innovation, which is thought to be a growth factor for the market's expansion. Moreover, industries such as defense and aerospace are employing 3D printing to create lightweight components and complex parts, lowering fuel consumption and increasing efficiency. The increase in end-users in the market is expected to drive market growth.
Environmental Benefits of Additive Manufacturing - Businesses striving to improve manufacturing sustainability have an advantage thanks to additive manufacturing's positive environmental effects. Additive manufacturing has a number of environmental benefits over traditional production. The two most significant examples are energy and waste reduction. In comparison to traditional production techniques, additive manufacturing technologies are more effective and have a significantly lower environmental impact on waste products. Additive manufacturing is more material efficient since it only uses what is needed to build a product. Additive manufacturing has a number of environmental advantages over conventional production. The two most notable ones are energy efficiency and waste reduction. As a result, as manufacturers begin to focus on development while addressing sustainability, the industry is predicted to grow while also providing environmental benefits. Emergence of power bed fusion
Limited supply of materials for additive manufacturing Intellectual property protection-related concerns
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In September 2023, Redwire launched the first 3D bioprinted human knee meniscus into orbit. The 3D Biofabrication Facility (BFF) on the International Space Station (ISS) produced the launched product. Redwire has designed 20 research facilities for the International Space Station (ISS), 10 of which are already operational.
Top Companies Market Share in Additive Manufacturing Industry: (In no particular order of Rank)
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According to Cognitive Market Research, North America held the greatest market share in 2024. The region is predicted to maintain its current rank throughout the projection period. The region's market growth is likely to accelerate as more industries adopt new technology. The expansion of manufacturing processes in North America to meet product demand in industries such as automotive, consumer goods, aerospace and defence, and healthcare is increasing the use of 3D printing; this factor is projected to maintain the region's market dominance.
Asia Pacific is predicted to have the greatest CAGR over the projection period. The region's market growth is attributable to fast-developing industrialization and acceptance of technologies in a variety of end-user sectors. Rising urbanization is also helping significantly to the growth of the Asia Pacific additive manufacturing industry. Multiple governments encourage sustainable manufacturing practices, which contribute to regional market growth.
The current report Scope analyzes Additive Manufacturing Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
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Global Additive Manufacturing Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Additive Manufacturing Industry growth. Additive Manufacturing market has been segmented with the help of its Component, Printer Software, and others. Additive Manufacturing market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Based on present and future trends, the market size is estimated from 2019 to 2031. Moreover, study also provides quantitative and qualitative analysis of each type to understand the driving factors for the fastest growing type segment for Additive Manufacturing market.
Component of Additive Manufacturing analyzed in this report are as follows:
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Additive Manufacturing Industry. Request a Free Sample PDF!
According to Cognitive Market Research, the industrial 3D printer sector held the most market share in 2024. The segment's dominance is due to the increasing deployment of industrial 3D printers as opposed to CNC milling and injection molding. 3-D printers are specifically used for detailing the full-size model, creating the perfect prototype and producing high-quality parts. The industrial cost varies depending on the manufacturing plan and/or prototype. There are various industrial 3D printer processes, including fused deposition modeling, resin 3D printing, selective laser sintering, and material jetting metal 3D printing.
The above Graph is for representation purposes only. This chart does not depict actual Market share.
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Senior Research Analyst at Cognitive Market Research
ResearchGate Profile: https://www.researchgate.net/profile/Kalyani-Raje
An optimistic Senior Research Analyst with years of experience in competitive assessment and business consulting. A seasoned professional and subject-matter expert (SME) in the Automobile and transportation vertical.
With a work experience of over 10+ years in the market research and strategy development. I have worked with diverse industries, including FMCG, IT, Telecom, Automotive, Electronics and many others. I also work closely with other departments such as sales, product development, and marketing to understand customer needs and preferences, and develop strategies to meet those needs.
I am committed to staying ahead in the rapidly evolving field of research and analysis. This involves regularly attending conferences, participating in webinars, and pursuing additional certifications to enhance my skill set. I played a crucial role in conducting market research and competitive analysis. I have a proven track record of distilling complex datasets into clear, concise reports that have guided key business initiatives. Collaborating closely with multidisciplinary teams, I contributed to the development of innovative solutions grounded in thorough research and analysis.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Additive Manufacturing Market is witnessing significant growth in the near future.
In 2023, the Hardware segment accounted for noticeable share of global Additive Manufacturing Market and is projected to experience significant growth in the near future.
The Desktop 3D Printer segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Stratasys Ltd. (Israel) , Autodesk Inc. (U.S.) and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Component | Hardware, Software, Services |
Printer | Desktop 3D Printer, Industrial 3D Printer |
Software | Design Software, Inspection Software, Printer Software, Scanning Software |
Application | Prototyping, Tooling, Functional Parts |
Vertical | Industrial Additive Manufacturing, Desktop Additive Manufacturing |
Material | Polymer, Metal, Ceramic |
List of Competitors | Stratasys Ltd. (Israel), Materialise NV (Belgium), Autodesk Inc. (U.S.), Made in Space (U.S.), EnvisionTec Inc. (Germany), 3D Systems Inc. (U.S.), GE Additive (U.S.), Canon Inc. (Japan) |
This chapter will help you gain GLOBAL Market Analysis of Additive Manufacturing. Further deep in this chapter, you will be able to review Global Additive Manufacturing Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Component Analysis 2019 -2031, will provide market size split by Component. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Component Analysis 2019 -2031
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Chapter 11 Market Split by Printer Analysis 2019 -2031
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Chapter 12 Market Split by Software Analysis 2019 -2031
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Chapter 13 Market Split by Application Analysis 2019 -2031
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Chapter 14 Market Split by Vertical Analysis 2019 -2031
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Chapter 15 Market Split by Material Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Additive Manufacturing market
Chapter 16 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Hardware have a significant impact on Additive Manufacturing market? |
What are the key factors affecting the Hardware and Software of Additive Manufacturing Market? |
What is the CAGR/Growth Rate of Desktop 3D Printer during the forecast period? |
By type, which segment accounted for largest share of the global Additive Manufacturing Market? |
Which region is expected to dominate the global Additive Manufacturing Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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