Thailand Additive Manufacturing (AM) Market is expected to reach USD 374.0 million by 2030
The increasing healthcare start-ups and automotive sector in Thailand are driving up demand for the Additive Manufacturing (AM) market during the forecast period.
Thailand Additive Manufacturing (AM) Market is valued at USD 55.35 million in 2022 and is expected to reach USD 374.0 million by 2030, with a CAGR of 26.9% from 2023 to 2030, according to new research by Next Move Strategy Consulting.
The automobile industry leads Thailand's potential for additive manufacturing (AM) applications, with major Thailand automakers such as Toyota and BMW utilizing this manufacturing technology. This business has formed potential collaborations with famous academic institutes, such as NTU in Singapore, to create materials for automotive parts adopting additive manufacturing. For instance, Thailand’s Kasetsart University launched a Digital Prototyping Laboratory, the first cloud service for a 3D printer farm in Southeast Asia, to run university education programmes and research development.
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 Thailand additive manufacturing market include AM Solutions, 3D Printing Solutions, Advanced Manufacturing Solutions, 3D Printing Thailand, Additive Industries Thailand, EOS Thailand, SLM Solutions Thailand, Renishaw Thailand, Stratasys Thailand, and 3D Systems Thailand.
Key Insights from the Thailand Additive manufacturing Market Report:
The information related to key drivers, restraints, and opportunities and their impact on the Thailand 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 Thailand additive manufacturing market is provided in the report along with their competitive analysis.