Russia Additive Manufacturing (AM) Market is expected to reach USD 790.83 million by 2030
The increasing R&D and innovation, along with the adoption of 3D printing in food and beverage industry in Russia are driving up demand for the additive manufacturing (AM) market during the forecast period.
Russia Additive Manufacturing (AM) Market is valued at USD 157.84 million in 2022 and is expected to reach USD 790.83 million by 2030, with a CAGR of 22.3% from 2023 to 2030, according to new research by Next Move Strategy Consulting.
The market growth is propelled by the increasing focus on research and development (R&D) as well as innovative approaches adopted by key market players, driven by the anticipation of rising demand for 3D printing in industries such as aerospace and manufacturing. For instance, in January 2021, Rusatom Additive Technologies (RusAT), a division of the Russian nuclear technology state business Rosatom established its first Additive Technologies Center (ATC) in Moscow. The unique Russian facility will use indigenous machinery and concentrate on testing additive manufacturing technologies and will showcase their potential for industrial businesses. The RusMelt 300M, RusMelt 600M, and RusMelt 600 RM for printing metal powder are SLM 3D printing systems from Rosatom installed in the facility
The market is expected to experience growth due to the growing utilization of 3D printing technology in the food and beverage industry, particularly for creating pre-designed food products like pastry, chicken, and chocolate.
For instance, in July 2022, the Moscow State University of Food Production (MGUPP) launched a 3D food printer equipped with a system of "smart" recipes, which prints food products with specified properties. The device consists of 99% of domestic components and can be used to design vending machines that print products on customers’ orders.
However, the cost of additive manufacturing technologies, including printers, materials, and post-processing equipment are 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 Russia additive manufacturing market include ROSATOM, 3D Simply, iGo3D, RusAdditive, SLM Solutions, EOS, Concept Laser, PowderAlly, Metalysis, and RusNano.
Key Insights from the Russia Additive manufacturing Market Report:
The information related to key drivers, restraints, and opportunities and their impact on the Russia 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 Russia additive manufacturing market is provided in the report along with their competitive analysis.