Additive Manufacturing Market Analysis

Additive Manufacturing Segmentation

• Printer Type (Industrial 3D Printer, Desktop 3D Printers)

The industrial 3D printer segment is estimated to hold 64% share of the global additive manufacturing market by 2037. Moreover, in 2022, the segment dominated the market with a share of more than 60%. The demand for industrial 3D printers is rising because of the need to boost prototyping. Industrial 3D printers provide fast and cost-effective prototyping capabilities. Companies can iterate and test their design quickly reducing the time and cost associated with traditional prototyping methods. This accelerates the product development cycle and enables faster time-to-market for new products. Around 52% of respondents utilize it because of its high speed of product iteration and around 41% value mass customization capabilities. In addition, more than 68 percent of 3D printing users use it for prototype and pre-series manufacturing.

• End User (Healthcare, Automotive, Aerospace, Industrial, Consumer Goods, Construction, Defense)

The automotive segment will collect a significant revenue of around 46% in the year 2037. Owing to the rising demand for electric vehicles, the use of additive manufacturing or 3D printing is also increasing. By 2030, about 250 million EVs will be on the road worldwide, accounting for more than 35% of total vehicle sales. It helps in concept development, constructing lightweight components, and provides personalization. Moreover, it is used for creating intricate cooling channels and heat exchangers within battery housings in electric vehicles. 

Our in-depth analysis of the global market includes the following segments: