Additive Manufacturing Market Share

North American Market Forecast

The market share of additive manufacturing in North America, is set to be the largest by growing at a significant CAGR and collecting a share of about 35% by the end of 2037. The rising government initiatives and investment to expand the 3d printing industry. For instance, the government of the United States collaborated with ASTRO America for setting up 3D printers in the defense sector for the production of equipment. Moreover, Astro America has been awarded USD 1 million by National Science Foundation, to boost the adoption of 3D printers in Florida

APAC Market Statistics

The Asia Pacific additive manufacturing market is predicted to be the second largest, registering a share close to 28% by the end of 2037. The market growth in the region is expected on account of rising investment in medical devices. So far, 26 projects have been approved under the Public Linked Incentive (PLI) plan for Medical Devices, with a total committed investment of Rs.1206 Cr in India. This will expand the production of medical devices and will directly drive the demand for additive manufacturing for creating prototypes. Moreover, rising import and export of 3D printers from the region are expected to drive market expansion. The total quantity of 3D printers shipped from China in 2021 was around 3 million units, up 13% from 2020. Moreover, in the first three quarters of 2022, the number of printers exported was around 1 million units. It is around 25% higher than the same time frame in 2021.