Additive Manufacturing Market is expected to reach US$ 25,171.78 Million by 2028

Value-added benefits achieved with Additive Manufacturing to Escalate Additive Manufacturing Market Growth

According to our latest market study on “Additive Manufacturing Market to 2028 – Global Analysis and Forecasts – by Material (Plastic, Metal, Ceramics, and Others), Technology [Selective Laser Sintering (SLS), Stereolithography (SLA), Fused Deposition Modeling (FDM), and Others], End User (Automotive, Aerospace, Healthcare, Industrial Manufacturing, and Others), and Geography” the additive manufacturing market was valued at US$ 10,383.02 million in 2022 and is projected to reach US$ 25,171.78 million by 2028; it is expected to grow at a CAGR of 16.0% from 2022 to 2028. The report highlights key factors driving the market and prominent players along with their developments in the market.

Global Additive Manufacturing Market Breakdown – by Region

The additive manufacturing market has experienced significant growth in the past few years and is expected to experience substantial growth and acceptance in the years to come. The major reason for the increased adoption of additive manufacturing is the growing need for automation and cost-effective technologies in the manufacturing sector. The implementation of additive manufacturing technologies in manufacturing helps in the mass production of complex shapes and parts with reduced lead times. Additive manufacturing has replaced traditional methods due to its high accuracy and speed of production. Additive manufacturing is transforming production in a range of applications. Further, fused deposition modeling (FDM), stereolithography (SLA), and selective laser sintering are the primary technologies used in additive manufacturing. These technologies offer variations in surface finish, dimensional accuracy, and post-processing requirements. FDM is the leading technology in the global additive manufacturing market which is ideal for engineering-grade thermoplastic filaments to produce functional parts.

3D Hubs B.V.; 3D Systems, Inc.; 3T RPD, Ltd.; Arcam AB; EnvisionTEC, Inc.; EOS GmbH; GPI Prototype and Manufacturing Services; ProtoCAM; Sciaky, Inc.; and Stratasys Ltd. are among the major players operating in the global additive manufacturing industry. Players operating in the global additive manufacturing market are highly focused on developing high-quality and innovative product offerings to fulfill the customers’ requirements.

The report includes the segmentation of the global additive manufacturing market as follows:

The global market is segmented based on material, technology, end user, and geography. Based on material, the global additive manufacturing industry is segmented into plastic, metal, ceramics, and others. In terms of technology, the global market is segmented into selective laser sintering (SLS), stereolithography (SLA), fused deposition modeling (FDM), and others. Based on end user, the global market is segmented into automotive, aerospace, healthcare, and industrial manufacturing. By geography, the global additive manufacturing industry is broadly segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South & Central America. The North America market is further segmented into the US, Canada, and Mexico. The Europe additive manufacturing market is subs egmented into Germany, France, the UK, Italy, Russia, and the rest of Europe. The Asia Pacific market is further segmented into China, India, Japan, Australia, South Korea, and the rest of Asia Pacific. The MEA market is sub segmented into South Africa, Saudi Arabia, the UAE, and the rest of MEA. The South & Central America additive manufacturing market is further segmented into Brazil, Argentina, and the rest of South & Central America.

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