Rest of Europe Additive Manufacturing (AM) Market is expected to reach USD 5.18 billion by 2030
The increasing technological advancements and high disposable income in Belgium, along with growth of additive layer manufacturing in Switzerland’s healthcare sector are driving up demand for the additive manufacturing (AM) market during the forecast period.
Rest of Europe Additive Manufacturing (AM) Market is valued at USD 0.89 billion in 2022 and is expected to reach USD 5.18 billion by 2030, with a CAGR of 24.5% from 2023 to 2030, according to new research by Next Move Strategy Consulting.
The rest of Europe region consists of several countries such as Ukraine, Belgium, Switzerland, and others. The surging use of additive manufacturing technologies in Belgium for the construction of buildings and houses owing to technological advancement and high disposal income propels the growth of the market. For instance, in July 2020, a 3D printed house was established by using the concrete 3D printer BOD2, developed by COBOD. The project is a model house to demonstrate the potential of additive manufacturing in the construction industry.
The increasing use of additive layer manufacturing technology in the healthcare industry to demonstrate models of components, medicine, and equipment further propels the growth of the market in Switzerland. For instance, in December 2021 Exit International, an international non-profit organization advocating the legalization of voluntary euthanasia and assisted suicide, developed Sarco Pod, a 3D-printed suicide capsule. The Sarco pod passed the legal review in Switzerland and it has been allowed to legally operate in the country.
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.
Request for a sample here: https://www.nextmsc.com/rest-of-europe-additive-manufacturing-am-market/request-sample
According to the report, leading players in the Rest of Europe additive manufacturing market include Concept Laser, EOS, SLM Solutions, Replique, ARUM3D, Renishaw, Materialise, Stratasys, 3D Systems, and Proto Labs.
Key Insights from the Additive manufacturing Market Report:
The information related to key drivers, restraints, and opportunities and their impact on the Rest of 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 Rest of Europe additive manufacturing market is provided in the report along with their competitive analysis.