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Additive Manufacturing Machine Market is predicted to reach USD 75.56 billion at a CAGR of 18.50% during the forecast period 2023-2032

Market Research Future (MRFR) has published on the “Global Additive Manufacturing Machine Market”.


Market Research Future (MRFR) has published a cooked research report on the “Additive Manufacturing Machine Market that contains information from 2018 to 2032. The additive manufacturing machine market is estimated to register a CAGR of 18.50% during the forecast period of 2023 to 2032.


MRFR recognizes the following companies as the key players in the additive manufacturing machine market— DMG MORI Co., Ltd., Mazak Corporation, Matsuura Machinery Corporation, Stratasys Ltd, Voxel jet AG, Optomec, SLM SOLUTIONS GROUP AG, Eplus3D, Okuma America Corporation, and Fabrisonic.


Market Highlights


The additive manufacturing machine market is estimated to register a CAGR of 18.50% during the forecast period and is estimated to reach USD 75.56 Billion by 2032.


Complex and lightweight parts are in high demand in industries such as aerospace, automotive, and healthcare, which require lightweight components for enhanced performance and fuel economy. The ability of additive manufacturing machines to produce such parts with sophisticated designs and optimized geometry drives their acceptance in these industries which will drive the market growth. Moreover, the software used in additive manufacturing plays a crucial role in optimizing the printing process. Advanced software solutions enable efficient design, simulation, and optimization of complex structures, resulting in improved product performance and reduced material waste. Additionally, software developments in areas like generative design and artificial intelligence are further enhancing the capabilities of additive manufacturing machines, enabling automated and intelligent production processes. The increasing demand for additive manufacturing machines is also driven by the advantages they offer over traditional manufacturing methods. These machines enable faster prototyping, on-demand production, and customization, leading to shorter product development cycles and reduced inventory costs. The flexibility and scalability of additive manufacturing make it an attractive solution for both small-scale and large-scale production.


Segment Analysis


The additive manufacturing machine market has been segmented based on technology, application, and end user industry.


On the basis of technology, the market is segmented into PolyJet, Fused Deposition Modeling (FDM), Stereolithography, Selective Absorption Fusion (SAF), and Others (Inkjet Printing, Digital Light Processing, etc.). The fused deposition modeling segment dominated the global market in 2022.This is due to FDM 3D printers being a multi-billion-dollar market with thousands of machines, from basic models for children to advanced sophisticated versions for manufacturers.


Based on application, the additive manufacturing machine market has been segmented into rapid prototyping, manufacturing, and composite tooling. The rapid prototyping segment accounted for the largest share in the global market in 2022. Rapid prototyping enables manufacturers to achieve higher accuracy and generate reliable end products.


Based on end use, the additive manufacturing machine market has been segmented into aerospace & defense, automotive, consumer products, healthcare, and others. The healthcare segment was accounted for the largest market share in 2022. Additive manufacturing machines have tremendous potential for use in the healthcare industry for personalized and customized medical applications. Personalized implants, medical models, and saw guides are the most common medical clinical applications.


Browse In-depth Details [Table of Content, List of Figures, List of Tables] of Additive Manufacturing Machine Market Growth Report


Regional Analysis


The additive manufacturing machine market, based on region, has been divided into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. North America consists of US, Canada, and Mexico. The Europe additive manufacturing machine market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The additive manufacturing machine market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Middle East & Africa additive manufacturing machine market consists of Saudi Arabia, South Africa, UAE, and Rest of Middle East & Africa. The additive manufacturing machine market in South America has been segmented into Brazil, Argentina, and Rest of South America.


The largest market share for additive manufacturing machines was maintained by the North America regional sector. North America is home to sophisticated economies like the United States and Canada. These economies are regarded as significant and early users of cutting-edge technology. Along with rising disposable incomes, low manufacturing costs, rapid product development, rising healthcare expenditure, and escalating surgical procedures in lieu of medical tourism have drawn the interest of market participants.


Moreover, the Europe market has been persistently growing over the forecast period. Europe also has a number of companies with significant technological capabilities in additive manufacturing. Furthermore, various government financing programs have had a significant impact on the region's market growth.


Additionally, Asia Pacific is one of the prominent regions in the additive manufacturing machines market in 2022. Asia Pacific is establishing itself as a manufacturing center for the automotive, healthcare, and consumer electronics industries. Rapid urbanization is also predicted to play a significant influence in driving three-dimensional printing usage across the area over the forecast period.


The Middle East & Africa market has been persistently growing over the forecast period. The MEA region has been witnessing a rise in investments and government initiatives to promote advanced manufacturing technologies, including additive manufacturing.


Furthermore, The South America’s additive manufacturing machines market is anticipated the market growth. The growing demand for customized and complex products has fueled the adoption of additive manufacturing processes in the region.


Key Findings of the Study



  • The additive manufacturing machine market is expected to reach USD 75.56 Billion by 2032, at a CAGR of 18.50% during the forecast period.

  • The North America region accounted for the fastest-growing global market due to the rising disposable incomes, low manufacturing costs, rapid product development, rising healthcare expenditure, and escalating surgical procedures in lieu of medical tourism have drawn the interest of market participants.

  • Based on application, the rapid prototyping segment was attributed to holding the largest market in 2022.

  • DMG MORI Co., Ltd., Mazak Corporation, Matsuura Machinery Corporation, Stratasys Ltd, Voxel jet AG, Optomec, SLM SOLUTIONS GROUP AG, Eplus3D, Okuma America Corporation, and Fabrisonic are key market players.

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Report details
Companies Covered 15
Pages 128
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