USD 21.0 billion
Additive Manufacturing Market Size, Share, and Growth Analysis
Additive Manufacturing Market By Component (Hardware, Software), By Printer Type (Desktop 3D Printer, Industrial 3D Printer), By Technology (Stereolithography, Fuse Deposition Modeling), By Application, By Vertical, By Material, By Region - Industry Forecast 2025-2032
Report ID:
SQMIG20I2150 |
Region:
Global |
Published Date: April, 2025
Pages:
202
|Tables:
179
|Figures:
79
Format -
Additive Manufacturing Market Insights
Additive Manufacturing Market size was valued at USD 21.0 billion in 2023 and is poised to grow from USD 25.47 billion in 2024 to USD 119.39 billion by 2032, growing at a CAGR of 21.3% during the forecast period (2025-2032).
Growing digitization of the manufacturing industry and increasing emphasis on improving efficiency of manufacturing are expected to bolster the demand for additive manufacturing over the coming years. Surging demand for rapid prototyping and increasing need for design flexibility are also estimated to favor the global additive manufacturing market growth going forward. Emphasis on waste reduction in manufacturing to promote profitability and efficiency is also slated to promote the adoption of additive manufacturing solutions in the future. Advancements in material technologies and 3D printing technologies are also slated to play a vital role in market development through 2032. High adoption of additive manufacturing in aerospace, healthcare, and defense industry verticals is also slated to boost revenue generation potential for additive manufacturing companies in the long run. On the contrary, high initial costs, limited material availability, dearth of skilled professionals, technological complexity, and slow production speed are some key constraints that are slated to impede the adoption of additive manufacturing across the study period and beyond.
Market snapshot - 2025-2032
Global Market Size
Largest Segment
Hardware
Fastest Growth
Services
Growth Rate
21.3% CAGR
Global Additive Manufacturing Market ($ Bn)
Country Share for North America Region (%)
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Additive Manufacturing Market Segments Analysis
Global Additive Manufacturing Market is segmented by Component, Printer Type, Technology, Application, Vertical, Material and region. Based on Component, the market is segmented into Hardware, Software and Services. Based on Printer Type, the market is segmented into Desktop 3D Printer and Industrial 3D Printer. Based on Technology, the market is segmented into Stereolithography, Fuse Deposition Modeling, Selective Laser Sintering, Direct Metal Laser Sintering, Polyjet Printing, Inkjet Printing, Electron Beam Melting, Laser Metal Deposition, Digital Light Processing, Laminated Object Manufacturing and Others. Based on Application, the market is segmented into Prototyping, Tooling and Functional Parts. Based on Vertical, the market is segmented into Industrial Additive Manufacturing and Desktop Additive Manufacturing. Based on Material, the market is segmented into Polymer, Metal and Ceramic. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Additive Manufacturing Market Analysis by Printer Type
The market was dominated by the industrial 3D printer sector, which accounted for more than 63% of global revenue. Industrial 3D printers are widely used for several common applications including prototyping, designing, and tooling across a variety of industries and industrial verticals, including automotive, electronics, aerospace & defense, and healthcare, among others. The industrial 3D printer sector is anticipated to maintain its dominance over the market during the projected period due to the widespread usage of additive manufacturing for tooling, prototyping, and design.
Hobbyists and small businesses were the only ones who could first use desktop 3D printers. Desktop 3D printers are, nevertheless, increasingly used in home and household settings. Universities, colleges, and other educational institutions are also utilizing desktop 3D printers for technical instruction and research. Smaller companies frequently purchase desktop 3D printers and expand their product and service offerings to include additive manufacturing and other related services. As a result, it is predicted that the demand for desktop printers would rise significantly during the course of the forecast year.
Analysis by Component
Hardware segment is projected to account for the dominant share of the global additive manufacturing industry in the future. Extensive use of novel hardware in form of 3D printers and other technologies in additive manufacturing is helping this segment bring in more revenue than others. Growing investments in acquisition of new hardware to create additive manufacturing setups in facilities and high costs of these hardware components are also expected to bolster the dominance of this segment in the long run. Rapid industrialization is also expected to play a vital role in cementing the dominance of this segment in the long run.
Meanwhile, the demand for services is expected to rise at an impressive pace over the coming years. The increasing need for installation and maintenance services for novel additive manufacturing products is expected to create new business scope for companies going forward. A shortage of skilled workforce can also push manufacturers to opt for additive manufacturing services to reduce costs and stay competitive. Moreover, the growing need for maintenance, support, and consulting services for manufacturers to choose the right type of additive manufacturing technology is also expected to help this segment bring in more revenue by the end of the study period.
Analysis by Vertical
Industrial additive manufacturing is forecasted to account for the largest global additive manufacturing market share going forward. Extensive adoption of additive manufacturing technologies in industry verticals such as automotive, healthcare, and aerospace are expected to help this segment lead market development. Efforts to improve efficiency and productivity in large manufacturing facilities are slated to bolster the demand for additive manufacturing in this segment. Growing investments in the development of smart factories and rising emphasis on energy efficiency are also expected to help bolster the demand for additive manufacturing in industrial settings through 2032.
On the other hand, the demand for desktop additive manufacturing is slated to rise at a rapid CAGR over the coming years. The growing need for personalized goods and customized products in consumer-oriented industries is expected to help this segment emerge as a highly opportune one in the long run. The dental segment is forecasted to emerge as the most rewarding one for additive manufacturing companies looking to make the most of this segment. Surging demand for personalized dental implants and personalized jewelry is also expected to bolster the adoption of desktop additive manufacturing techniques across the study period.
Global Additive Manufacturing Market By Component
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Additive Manufacturing Market Regional Insights
North America has been quick to adopt novel manufacturing technologies owing to a developed technological infrastructure making it the top market for additive manufacturing companies. High investments in R&D of novel additive manufacturing technologies, availability of supportive government initiatives, and high spending potential of companies are helping the dominance of this region. The United States is slated to be at the forefront of additive manufacturing market growth in this region followed by Canada. Increasing efforts to optimize manufacturing output and development of smart factories are expected to further cement the dominance of this region.
Meanwhile, the demand for additive manufacturing in the Asia Pacific region is slated to rise at an impressive CAGR across the study period. The presence of a strong manufacturing industry, rising awareness regarding the benefits of additive manufacturing, and rapid technological advancements in manufacturing technologies are creating new opportunities in this region. China, Japan, South Korea, and India are estimated to be the leading markets for additive manufacturing companies in this region owing to the presence of leading automotive, semiconductor, and healthcare manufacturers in these countries. Efforts of manufacturing companies to increase output and enhance efficiency are also slated to bolster the adoption of additive manufacturing solutions.
Global Additive Manufacturing Market By Geography
- Largest
- Fastest
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Additive Manufacturing Market Dynamics
Additive Manufacturing Market Drivers
Demand for Customization and Design Flexibility
-
Manufacturers are looking for technologies and solutions that can help add customization and design flexibility in their process to create a wide variety of products. Additive manufacturing enables highly customizable products tailored to specific needs, such as medical implants and personalized consumer goods thereby driving the global additive manufacturing market outlook as well.
High Demand for Rapid Prototyping
-
Use of additive manufacturing enables companies to produce prototypes quickly, accelerating the product development cycle. Adoption of additive manufacturing eliminates the need for expensive molds and tools, enabling faster iteration and design modifications that help create prototypes faster at lower costs and hence make the overall development process more efficient.
Additive Manufacturing Market Restraints
High Initial Investments
-
Deployment additive manufacturing requires companies to invest heavily initially and keep up with high maintenance costs as well. These high costs can be attributed to the extensive use of advanced 3D printers and other advanced additive manufacturing technologies thereby limiting their adoption in companies with limited spending potential.
Technological Complexity
-
Additive manufacturing is a highly advanced and complex process involving the use of novel technologies and approaches. Working on additive manufacturing process requires significant technical expertise and knowledge. However, the world is faced with a shortage of such skilled professionals and this is also slated to impede the global additive manufacturing market forecast in the future.
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Additive Manufacturing Market Competitive Landscape
Additive manufacturing providers are estimated to target the digitization of the manufacturing industry to maximize their business scope. Partnerships and collaborations are estimated to be highly important strategies for any additive manufacturing company looking to make a mark in this market landscape in the future. Launching new 3D printers and 3D printing materials is a key strategy for new entrants to penetrate the global additive manufacturing industry.
Top Players in Additive Manufacturing Market
- Stratasys Ltd. (USA/Israel)
- 3D Systems Corporation (USA)
- Materialise NV (Belgium)
- EOS GmbH (Germany)
- General Electric Company (GE Additive) (USA)
- SLM Solutions Group AG (Germany)
- HP Inc. (USA)
- Desktop Metal, Inc. (USA)
- Renishaw plc (UK)
- Voxeljet AG (Germany)
- UltiMaker BV (Netherlands)
- Carbon, Inc. (USA)
- Markforged, Inc. (USA)
- Prodways Group (France)
- Nano Dimension Ltd. (Israel)
- Trumpf SE + Co. KG (Germany)
- DMG Mori Co., Ltd. (Japan)
- Farsoon Technologies (China)
- EnvisionTEC GmbH (Germany)
- Additive Industries (Netherlands)
Additive Manufacturing Market Recent Developments
- In November 2024, Elkem, a renowned provider of advanced material solutions announced the launch of its new material innovations for additive manufacturing applications. AMSil™ and AMSil™ Silbione™ ranges were launched at the Formnext show in Frankfurt Germany to usher in a new era of manufacturing using silicone.
- In November 2024, Caracol, a leading innovator polymer and composite LFAM hardware announced the launch of its novel robotic metal 3D printing platform. Vipra AM is designed to support large-scale metal parts manufacturing to change how large scale manufacturing works in the world.
- In July 2024, Xi’an Bright Laser Technologies Co., Ltd (BLT), a leading additive manufacturing solutions provider from China announced the launch of a new alloys for additive manufacturing. High-strength aluminium alloy for Laser Beam Powder Bed Fusion (PBF-LB) and a new titanium alloy for PBF-LB and Directed Energy Deposition (DED) Additive Manufacturing were launched by BLT.
Additive Manufacturing Key Market Trends
- Adoption in Mass Production: Additive manufacturing companies should explore the idea of using additive manufacturing in mass production facilities to expand the application scope of their offerings. As per this global additive manufacturing market analysis, developing and launching additive manufacturing technologies and products capable of handling large-scale manufacturing can help market players bring in more revenue and also bolster their market presence on a global level in the future.
- Emergence of Multi-Material Printing: Additive manufacturing providers should focus on developing products capable of handling multi-material printing to expand their revenue generation potential. Focusing on this additive manufacturing market trend can help companies offer a single solution for varied manufacturing needs of end users, thereby also presenting new revenue generation opportunities in the long run as well.
Additive Manufacturing Market SkyQuest Analysis
SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, growing demand for design flexibility in manufacturing and high demand for rapid prototyping are projected to be key factors driving market growth. However, the high initial investments and technological complexity are slated to be key restraints for additive manufacturing companies in the future. Strong technological infrastructure and quick adoption of advanced manufacturing technologies are helping North America hold a dominant stance in the global additive manufacturing industry. Additive manufacturing companies should explore the development of solutions for large-scale manufacturing and develop products capable of handling multi-material printing in the long run.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 21.0 billion |
| Market size value in 2032 | USD 119.39 billion |
| Growth Rate | 21.3% |
| Base year | 2024 |
| Forecast period | 2025-2032 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Additive Manufacturing Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Additive Manufacturing Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Additive Manufacturing Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Additive Manufacturing Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Additive Manufacturing Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Additive Manufacturing Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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