France Additive Manufacturing (AM) Market is expected to reach USD 2.32 billion by 2030
The increasing business expansion in the country drives demand for Additive Manufacturing in aerospace and defence industries in France is driving up demand for the additive manufacturing (AM) market during the forecast period.
France Additive Manufacturing (AM) Market is valued at USD 0.58 billion in 2022 and is expected to reach USD 2.32 billion by 2030, with a CAGR of 18.1% from 2023 to 2030, according to new research by Next Move Strategy Consulting.
The increasing usage of 3D printing in the aerospace and military industries as a result of regional company development boosts the need for additive manufacturing. For instance, in March 2022, Handddle, a France-based start-up specializing in 3D printing production lines, launched a new 3D printing micro-factory, for the French Air and Space Force. The French Air and Space industry possesses FFF 3D printers from OEMs such as Markforged and Ultimaker.
Also, the demand for additive manufacturing technologies in the region can be attributed to the growing use of 3D printing in the healthcare industry. For instance, in April 2022, Eplus3D, the world's leading provider of metal 3D printer solutions, joined hands with BioSummer 3D, a leading provider of dental products and service solutions in France, and announced a distribution agreement to help dental laboratories and labs in 3D digital transformation.
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 France additive manufacturing market include Stratasys, Prodways Group, Concept Laser France, Renishaw France, 3D Systems France, Stratasys France, EOS France, AddUp, Arburg France, and 3devis.
Key Insights from the France Additive manufacturing Market Report:
The information related to key drivers, restraints, and opportunities and their impact on the France 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 France additive manufacturing market is provided in the report along with their competitive analysis.