Japan Additive Manufacturing (AM) Market is expected to reach USD 3.36 billion by 2030
The enhancing manufacturing efficiency and cost savings in Japan are driving up demand for the Additive Manufacturing (AM) market during the forecast period.
Japan Additive Manufacturing (AM) Market is valued at USD 0.67 billion in 2022 and is expected to reach USD 3.36 billion by 2030, with a CAGR of 22.3% from 2023 to 2030, according to new research by Next Move Strategy Consulting.
The utilization of additive manufacturing in Japan offers enhanced manufacturing efficiency and substantial cost savings compared to traditional manufacturing methods. By implementing 3D printing, Japanese manufacturers can optimize their production processes, minimize material waste, and eliminate the need for expensive tooling and molds. This streamlined approach results in notable time and cost reductions, positioning additive manufacturing as an attractive and lucrative option for businesses. As a result, the market is expected to experience significant growth.
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 Japan additive manufacturing market include Mitsubishi Heavy Industries, Daido Steel, Kawasaki Heavy Industries, Nippon Steel & Sumitomo Metal, Hitachi Metals, Sodick, 3D Systems, Stratasys, EOS, and ReaLizer.
Key Insights from the Japan Additive manufacturing Market Report:
The information related to key drivers, restraints, and opportunities and their impact on the Japan 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 Japan additive manufacturing market is provided in the report along with their competitive analysis.