Sweden Additive Manufacturing (AM) Market is expected to reach USD 649.19 million by 2030
The increasing adoption of 3D printing technologies for pre-designing food products in the food and beverage industry in Sweden is driving up demand for the additive manufacturing (AM) market during the forecast period.
Sweden Additive Manufacturing (AM) Market is valued at USD 115.47 million in 2022 and is expected to reach USD 649.19 million by 2030, with a CAGR of 24.0% from 2023 to 2030, according to new research by Next Move Strategy Consulting.
The popularity of 3D printing technology for pre-designing food products is increasing significantly in the food and beverage sector. This new trend is changing the way food is thought about, made, and presented to customers. Food makers may improve their manufacturing processes, develop elaborate and customised food designs, and experiment with new culinary experiences by employing 3D printing technologies. For instance, in June 2022, Digital Patisserie announced the launch of its new pastry by using 3D printer technology called the Patiss3. The pastry was designed by 3D printing technology developed at MIT; the extrusion-based system was aimed at pastry chefs, restaurants, and industrial biscuit factories, enabling users to fabricate edible freeform shapes at high speeds
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 Sweden additive manufacturing market include such as Hexagon, Arcam AB, Cellink, Freemelt, Mubea, Sandvik AB, SLM Solutions Group AG, WASP, Zmorph 3D, and MakerBot Industries.
Key Insights from the Sweden Additive manufacturing Market Report:
The information related to key drivers, restraints, and opportunities and their impact on the Sweden 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 Sweden additive manufacturing market is provided in the report along with their competitive analysis.