Global demand for additive manufacturing and materials will rise at 21.2% CAGR through 2032.
The global additive manufacturing and material market revenues totaled US$ 26.8 billion in 2022. Over the next decade, additive manufacturing and material demand is set to rise at 21.2% CAGR. Accordingly, by the end of 2032, the global market will cross a valuation of US$ 183 billion.
Stereo lithography will continue to remain the most commonly used 3D printing technology. This is due to various advantages that this additive manufacturing technology offers. The target segment will exhibit a 21.1% CAGR from 2022 to 2032 as per Future Market Insights.
Growing adoption of additive manufacturing technologies by diverse industries is driving the global market. Similarly, advancements in 3D technology will boost sales over the projection period.
Latest advancements in 3D printing have made it possible to put materials more precisely and flexibly. This in turn has tremendously improved additive manufacturing. These materials are better and more valuable than conventional goods such as resin, since they can self-assemble, self-heal, and self in reaction to outside stimuli.
Request a Sample of this Report @
https://www.futuremarketinsights.com/reports/sample/rep-gb-16825
The capacity of materials used in 4D printing to change their shapes and colors in response to UV and visible light has raised demand. Today, more and more industries are shifting towards additive manufacturing technologies. This will continue to boost additive manufacturing material demand.
The automobile industry is leading the way in integrating additive manufacturing and materials. This is due to rising adoption of 3D printing technologies for prototyping applications in this industry.
Rising demand from medical device, aerospace, and electronics sectors will boost the global market. Besides this, penetration of industry 4.0 and innovations in 3D printers are likely to fuel sales.
Key Takeaways from the Additive Manufacturing and Material Market Report:
Ask an Analyst for More Details @
https://www.futuremarketinsights.com/ask-the-analyst/rep-gb-16825
“Growing popularity of 3D printing technology due to its several advantages will boost the market. Besides this, focus on improving productivity and reducing production costs will fuel demand.” Says a lead Future Market Insights analyst.
Who is Winning?
3D Systems Corporation, Envision TEC GmbH, Stratasys Ltd, General Electric Company, Materialise NV, EOS GmbH, SLM Solutions Group AG, CleanGreen 3d Limited, Exone Company, and Optomec Inc. are key companies operating the market.
Most of these players are introducing novel additive manufacturing solutions to gain profits. They are also adopting strategies such as acquisitions, mergers, and collaborations to expand their presence.
More Insights Available
Future Market Insights, in its new offering, presents an unbiased analysis of the additive manufacturing and material market, presenting historical market data (2017 to 2021) and forecast statistics for the period from 2022 to 2032.
The study reveals extensive growth in the additive manufacturing and material market based on technology (stereo lithography, fused deposition modeling, laser sintering, and binder jetting printing), end user (aerospace and defense, automotive, healthcare, and industrial), and material (plastic, metals, and ceramics) across various regions.
Request for Customization @
https://www.futuremarketinsights.com/customization-available/rep-gb-16825
Additive Manufacturing and Material Market Segmentation
By Technology:
By End User:
By Material:
By Region:
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market.
Apr 16, 2023
Copyright © 2006 - 2023 PRnob Media, UBIC Solutions, LLC. All Rights Reserved.
