Europe Additive Manufacturing (AM) Market is expected to reach USD 28.33 billion by 2030
Europe's 3D printing market is witnessing robust growth due to the adoption of advanced technologies that are driving up demand for the additive manufacturing (AM) market during the forecast period.
Europe Additive Manufacturing (AM) Market is valued at USD 6.25 billion in 2022 and is expected to reach USD 28.33 billion by 2030, with a CAGR of 20.7% from 2023 to 2030, according to new research by Next Move Strategy Consulting.
The Europe region consists of countries such as Germany, the UK, France, Italy, Spain, the Netherlands, Denmark, Finland, Norway, Sweden, Russia, and rest of Europe. The surging adoption of advanced technologies including 3D printing across industries such as automotive, aerospace, construction, and food and beverage owing to high disposal income drives the growth of the market. The presence of key players such as PERI Group and Eplus3D adopting various strategies including product launches, innovations, partnerships, and collaborations to increase their market presence and expand their business globally further propels the growth of the market.
However, the cost of additive manufacturing technologies, including printers, materials, and post-processing equipment is relatively high compared to traditional manufacturing methods. This cost factor may limit the accessibility and adoption of additive manufacturing, particularly for small and medium-sized businesses, which is expected to restrain the growth of the market.
On the other hand, continuous advancements in additive manufacturing technologies, including improved printer capabilities, enhanced materials, and more efficient post-processing techniques, have fueled the growth of the market. These advancements enable higher quality, faster production, and expanded application possibilities, attracting more industries to adopt additive manufacturing. Thus, it is expected to create ample opportunities for the market.
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According to the report, leading players in the Europe additive manufacturing market include SLM Solutions, Proto Labs, Stratasys, Renishaw, Materialise, Titomic, Hoganas, SPEE3D, Markforged, and Ultimaker.
Key Insights from the Europe Additive manufacturing Market Report:
The information related to key drivers, restraints, and opportunities and their impact on the Europe additive manufacturing market is provided in the report.
The value chain analysis in the market study provides a clear picture of the roles of each stakeholder.
The market share of players in the Europe additive manufacturing market is provided in the report along with their competitive analysis.