Additive Manufacturing Market Trends

Growth Drivers

Rising Demand for Lightweight Body for Automotives - Additive manufacturing allows for complex and intricate designs that are not possible with traditional manufacturing methods. This enables engineers to optimize the vehicle’s compromising on strength or safety. The lightweight material, including alloys, aluminum, steel, and polymer composites can significantly reduce the body weight of the vehicle by around 50. In addition to this, the 10% reduction in weight can improve fuel efficiency by around 6%-8%.
Advancement in 3D Printing Technologies - Additive manufacturing is also known as 3D printing. In 2021, around 2 million 3D printers were shipped; by 2030, this figure is expected to rise to 22 million units, worldwide. The rising demand for 3D printing has pushed manufacturers to develop the technologies of 3D printing. For instance, there have been significant advancements in multi-material 3d printing, enabling the simultaneous printing of multiple materials or the seamless integration of different materials within a single printed object.
Greater Flexibility in Customization and Production – By the use of additive manufacturing, designs of specific dimensions and features of an object can be easily modified in the design software, which enables quicker customization. The parameters of design and quality can be adjusted to individual preferences, personalized fits, or specific functional requirements.

Challenges

High cost of 3D printers- 3D printers are not affordable by all businesses, due to their low budgets. The average selling price of a 3D printer is around USD 300,000 to USD 1.5 million. However, the final price depends on the choice of the material. Since the cost of specialized materials, especially those with high-performance properties can impact the price range. Therefore, they can be relatively expensive when compared to traditional manufacturing equipment.
Insufficient Technical Knowledge of the Machine
Regulatory and Certification Requirements

Additive Manufacturing Market: Key Insights

Base Year	2024
Forecast Year	2025-2037
CAGR	21.5%
Base Year Market Size (2024)	USD 22.73 billion
Forecast Year Market Size (2037)	USD 285.82 billion
Regional Scope	North America (U.S., and Canada) Latin America (Mexico, Argentina, Rest of Latin America) Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific) Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe) Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of additive manufacturing is estimated at USD 26.64 billion.

The additive manufacturing market size was over USD 22.73 billion in 2024 and is anticipated to cross USD 285.82 billion by 2037, growing at more than 21.5% CAGR during the forecast period i.e., between 2025-2037. Rising demand for low-weight automobile components, higher development of prototypes for medical devices, and increasing technological advancement in 3d printing will drive the market growth.

North America industry is likely to account for largest revenue share of 35% by 2037, owing to rising government initiatives and investment in the region.

The major players in the market include EOS GmbH, BeAM Up Ltd., Wuhan Huake 3D Technology Co., Ltd., SLM Solutions, 3D Systems Corporation, Trumpf SE + Co. KG, DMG Mori Co., Ltd., Ford Motors Company, Farsoon Technologies, Stratasys Ltd.

Additive Manufacturing Market Trends