Germany Additive Manufacturing (AM) Market is expected to reach USD 8.84 billion by 2030
Germany's 3D printing start-ups and the increasing adoption of additive layer manufacturing devices across industries are driving up demand for the additive manufacturing (AM) market during the forecast period.
Germany Additive Manufacturing (AM) Market is valued at USD 2.01 billion in 2022 and is expected to reach USD 8.84 billion by 2030, with a CAGR of 20.3% from 2023 to 2030, according to new research by Next Move Strategy Consulting.
The market growth can be attributed to the rising adoption of additive layer manufacturing devices across industries such as automotive, health, construction, defence, and others owing to the presence of 3D printing start-ups in Germany providing a wide range of 3D industrial printers. For instance, in December 2020, German start-up iFactory3D launched a 3D printing device which is a 4-in-1 3D printer for residential use and is characterized by an automatic working process.
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 Germany additive manufacturing market include SLM Solutions, EOS, Concept Laser, Trumpf, Mazak, GE Additive, Amberg AM Solutions, Renishaw, Materialise, and Simufact.
Key Insights from the Germany Additive manufacturing Market Report:
The information related to key drivers, restraints, and opportunities and their impact on the Germany 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 Germany additive manufacturing market is provided in the report along with their competitive analysis.