Additive Manufacturing Machine Market Size

Global Additive Manufacturing Machine Market Overview

The additive manufacturing machine market industry is projected to grow from USD 16.40 Billion in 2023 to USD 75.56 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 18.50% during the forecast period (2024 - 2032). Additive manufacturing machine market size was valued at USD 13.84 billion in 2022. The demand for complex and lightweight parts, and rising advancements in materials and software are the key market drivers boosting the growth of the additive manufacturing machine market.

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Additive manufacturing machine market trends

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  Demand for complex and lightweight parts and rising advancements in materials and software augmenting additive manufacturing machine market.

  
  

The growing demand for complexity and depth in the manufacturing technology market represents a significant business opportunity. This increase can be attributed to many factors, including the ability of additive manufacturing processes (such as 3D printing) to create complex geometries and designs that are more competitive than traditional manufacturing, and their profound popularity in the aerospace, automotive and medical fields, reduced weight helps improve patient fuel efficiency, performance, and comfort. As a result, the additive manufacturing market has undergone a major shift to meet these trends, as companies focus on sourcing and creating advanced equipment to meet growing demand. In addition, new materials with improved properties such as high strength and heat resistance are being developed and the range of applications for further production is expanded. In addition, software development makes it easy to design, simulate and optimize 3D printing products, reducing development time and costs. The combination of these factors has fueled the market's need for more efficient machines, attracting business customers and innovation-seeking consumers.

Additive manufacturing machine market segment insights:

Additive manufacturing machine technology insights

Based on technology, the global additive manufacturing machine 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 is dominated the market in 2022. FDM machines can utilize a wide range of thermoplastic materials, enabling the production of functional parts with different properties. Moreover, advancements in FDM machines and software have improved print speeds, precision, and ease of use. With the ability to create complex geometries and durable parts, the FDM segment continues to attract investment from companies seeking to optimize their manufacturing processes and capitalize on the benefits of additive manufacturing.

Additive manufacturing machine application insights

Additive manufacturing machine Market size includes rapid prototyping, manufacturing, and composite tooling. The rapid prototyping segment is dominated the market in 2022. Rapid prototyping machines offer a wide range of materials and technologies, enabling the production of complex geometries with high precision. Industries such as automotive, aerospace, healthcare, and consumer goods are increasingly adopting rapid prototyping to streamline their product development processes and stay competitive in the market. This is led the market growth in forecast period.

Figure 1: Additive Manufacturing Machine Market, By Application, 2022 & 2032 (USD billion)

Additive manufacturing machine end use insights

The end-use segment of the additive manufacturing machine market size includes aerospace & defense, automotive, consumer products, healthcare, and others. The healthcare segment is dominated the market in 2022. The automobile sector is the fastest growing segment in the additive manufacturing materials market. The usage of additive manufacturing in the medical profession is increasing, owing mostly to the fact that more procedures are being performed and more people are becoming aware of and employing breakthroughs in medical technology. For example, the widespread use of surgical robots in the medical area is leading to automation, which is the factor the medical field demands additive manufacturing.

Additive manufacturing machine regional insights

By Region, the study provides market insights into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. The North America additive manufacturing machine market accounted for largest market share in 2022 and is expected to exhibit a significant CAGR growth during the study period. This is due to a significant number of key players operating in the region, making it the primary contributor to the market share. In addition, the increasing investments in manufacturing technologies and the region is witnessing a surge in demand for 3D printers and industrial-grade additive manufacturing systems across various sectors. Countries like US invested heavily in additive manufacturing technology such as in 2021 the country invested $939M and $824M in 2022, according to the association for manufacturing technology.

Figure 2: Additive Manufacturing Machine Market, By Region, 2022 & 2032 (USD billion)

Europe is one of the prominent regions in the additive manufacturing machine market in 2022.  Europe's additive manufacturing machine market is experiencing rapid expansion as the region embraces the potential of 3D printing technology. With a focus on innovation and industrial transformation, European countries are investing heavily in additive manufacturing, driving the adoption of advanced machines. The market growth is fueled by applications in aerospace, medical devices, automotive, and tooling industries, along with supportive government initiatives and collaborations between research institutions and industry players. Furthermore, Asia Pacific region is witnessing robust growth owing to the rapid industrialization and technological advancements in countries like China, Japan, and South Korea. The region is emerging as a manufacturing hub, with increasing adoption of printing technology across various sectors. The market growth is further propelled by government initiatives, investments in research and development, and the presence of a large consumer base.

Further, the major countries studied in the market report are the U.S., Canada, Mexico, Germany, France, Italy, UK, Spain, Japan, South Korea, Australia, UAE, South Africa, Saudi Arabia, Argentina, and Brazil.

Additive manufacturing machine key market players & competitive insights

With a strong presence across different verticals and geographies, the additive manufacturing machine market is highly competitive and dominated by established, pure-play vendors. Many vendors cater to this market, and they continually innovate their solutions to meet the evolving needs of businesses by adopting innovative technologies and innovations to make additive manufacturing more effective. These vendors have a robust geographic footprint and partner ecosystem to cater to diverse customer segments. The additive manufacturing machine market is highly competitive, with many vendors offering similar products and services.

The major players in the market include DMG MORI Co., Ltd., Mazak Corporation, Matsuura Machinery Corporation, Stratasys Ltd, Voxeljet AG, Optomec, SLM SOLUTIONS GROUP AG, Eplus3D, Okuma America Corporation, Fabrisonic, and among others. The additive manufacturing machine equipment market is a fragmented market due to increasing competition, acquisitions, mergers and other strategic market developments and decisions to improve operational effectiveness.

Key companies in the additive manufacturing machine market include

• DMG MORI Co., Ltd.


• Mazak Corporation


• Matsuura Machinery Corporation


• Stratasys Ltd


• Voxeljet AG


• Optomec


• SLM SOLUTIONS GROUP AG


• Eplus3D


• Okuma America Corporation


• Fabrisonic

Additive Manufacturing Machine Industry Developments

• In June 2023, ROCK HILL, S.C., and INA CITY, JAPAN – 3D Systems and SWANY Co., Ltd. established a collaboration to boost large-format pellet extrusion 3D printing usage in Japan. SWANY will open a new demo centre with a 3D Systems EXT 1070 Titan Pellet printer as part of this collaboration.


• In February 2021, Mazak Unveils the Improved VARIAXIS i-800 NEO 5-Axis Machine the VARIAXIS i-800 NEO Vertical Machining Centre is a better version of a popular 5-axis machine, with a powerful CNC, faster machining cycle times, larger workpiece capacity, and additional automation possibilities.

Additive Manufacturing Machine Market Segmentation

Additive Manufacturing Machine Market Technology Outlook (USD Billion, 2018 -2032)

• PolyJet


• Fused Deposition Modeling (FDM)


• Stereolithography


• Selective Absorption Fusion (SAF)


• Others (Inkjet Printing, Digital Light Processing, etc.)

Additive Manufacturing Machine Market Application Outlook (USD Billion, 2018 -2032)

• Rapid Prototyping


• Manufacturing


• Composite Tooling

Additive Manufacturing Machine Market End User Industry Outlook (USD Billion, 2018 -2032)

• Aerospace & Defense


• Automotive


• Consumer Products


• Healthcare


• Others

Additive Manufacturing Machine Regional Outlook

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  North America
  
  
  
  • US
  
  
  • Canada
  
  
  • Mexico
  
  
  
  


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  Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • Italy
  
  
  • UK
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


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  Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  


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  Middle East and Africa
  
  
  
  • Saudi Arabia
  
  
  • UAE
  
  
  • South Africa
  
  
  • Rest of Middle East and Africa
  
  
  
  


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  South America
  
  
  
  • Argentina
  
  
  • Brazil
  
  
  • Rest of South America