The additive manufacturing market is witnessing remarkable innovations and delivering numerous benefits. Advanced technologies, such as metal and polymer 3D printing, are expanding design possibilities and enhancing product development. These innovations are reducing production times and costs, enabling rapid prototyping and low-waste production. Additionally, the medical field benefits from patient-specific implants and prosthetics. Aerospace and automotive industries optimize lightweight, complex components. The market's ongoing evolution aligns with sustainability and efficiency, making it a transformative force across various sectors.
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Data Bridge Market Research analyses that the Europe Additive Manufacturing Market value, which was USD 5,813.39 million in 2022, is expected to reach the value of USD 26,187.15 million by 2030, at a CAGR of 20.7% in the forecast period of 2023 to 2030. Additive manufacturing reduces reliance on traditional global supply chains by enabling local, on-demand production. This enhances supply chain resilience, minimizes transportation costs, and ensures a more responsive and adaptable manufacturing process
Key Findings of the Study
Customization is expected to drive the market's growth rate
Additive manufacturing excels in producing customized and intricate components across diverse applications. Layering material to build objects offers design freedom and complexity that traditional manufacturing methods cannot match. Industries such as aerospace, healthcare, automotive, and consumer goods benefit from tailored, high-performance parts. This capability fosters product innovation and optimization, making additive manufacturing a versatile solution for manufacturing parts precisely aligned with the unique requirements of different applications.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Material Type (Metal, Plastic, Alloys, and Ceramics), Technology (Stereolithography (SLA), Fused Disposition Modelling (FDM), Laser Sintering (LS), Binder Jetting Printing, Polyjet Printing, Electron Beam Melting (EBM), Laminated Object Manufacturing (LOM), and Others), Application (Automotive, Healthcare, Aerospace, Consumer Goods, Industrial, Defence, Architecture, and Others)
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Countries Covered
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Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe.
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Market Players Covered
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ANSYS, Inc. (U.S.), Höganäs AB (Sweden), EOS (Germany), ARBURG GmbH + Co KG (Germany), Stratasys (U.S.), Renishaw plc. (United Kingdom, YAMAZAKI MAZAK CORPORATION (Japan), Materialise (Belgium), Markforged (U.S.), Titomic Limited (Australia), SLM Solutions (Germany), Proto Labs (U.S.), ENVISIONTEC US LLC (U.S.), Ultimaker BV (Netherlands), American Additive Manufacturing LLC (U.S.), Optomec, Inc. (U.S.), 3D Systems Inc. (U.S.), ExOne (A Subsidiary of Desktop Metal, Inc.) (U.S.)
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Segment Analysis:
The Europe Additive manufacturing market is categorized based on material type, technology, and application.
- On the basis of material type, the Europe additive manufacturing market is classified into five segments metals, plastics, alloys, and ceramics.
- On the basis of technology, the Europe additive manufacturing market is classified into eight segments stereolithography (SLA), fused disposition modelling (FDM), laser sintering (LS), binder jetting printing, polyjet printing, electron beam melting (EBM), Laminated Object Manufacturing (LOM), and others.
- On the basis of application, the Europe additive manufacturing market is classified into eight segments automotive, healthcare, aerospace, consumer goods, industrial, defence, architecture, and others.
Major Players
Data Bridge Market Research recognizes the following companies as the Europe additive manufacturing market players in Europe additive manufacturing market are ANSYS, Inc. (U.S.), Höganäs AB (Sweden), EOS (Germany), ARBURG GmbH + Co KG (Germany), Stratasys (U.S.), Renishaw plc. (United Kingdom, YAMAZAKI MAZAK CORPORATION (Japan), Materialise (Belgium),
Market Developments
- In August 2022, the polymer 3D printing firm Stratasys acquired Covestro AG, bolstering its presence in the additive manufacturing materials sector. The addition of innovative materials has enabled the creation of new applications for 3D printing, including dental aligners and automotive components. This acquisition empowers Stratasys to further its goal of offering the industry's most comprehensive polymer 3D printing portfolio and expedites its investments in cutting-edge 3D printing material developments.
- In August 2022, Carbon acquired ParaMatters, a software provider specializing in additive manufacturing. This acquisition will empower Carbon's product development teams to expedite the creation of high-performance part designs with greater efficiency, utilizing the software's automation techniques. The resulting designs will showcase enhanced geometries and superior performance attributes.
- In February, SLM Solutions introduced SLM.Quality, a software solution to enhance quality assurance. It enables customers to streamline the evaluation of build jobs, process qualifications, and part certifications. Whether it's for single-part production or series manufacturing, SLM.Quality aids industrial clients in the qualification process, enhancing the traceability and documentation of crucial process data. This advancement is expected to broaden the company's customer base by offering improved services.
- In February, SLM Solutions and Assembrix collaboratively declared the successful global integration of Assembrix VMS software with SLM Solutions machines. This partnership responds to increasing demand from OEMs for secure distributed additive manufacturing and paves the way for establishing a dependable international additive manufacturing ecosystem.
Regional Analysis
Geographically, the countries covered in the Europe additive manufacturing market report are Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe.
As per Data Bridge Market Research analysis:
Germany is the dominant region in the Europe additive manufacturing market during the forecast period 2023-2030
Germany dominates the European additive manufacturing market due to its advanced technological innovations. The country's robust commitment to research and development has led to cutting-edge advancements in 3D printing and additive manufacturing processes. This technological leadership positions Germany as a key driver of the industry's growth in Europe, contributing to its dominance in this innovative and evolving sector.
For more detailed information about the Europe additive manufacturing market report, click here – https://www.databridgemarketresearch.com/reports/europe-additive-manufacturing-market
