Europe Additive Manufacturing (AM) Market by Technology (Stereolithography, Fused Deposition Modeling, Selective Laser Sintering, Direct Metal Laser Sintering, Polyjet Printing, Inkjet Printing, Electron Beam Melting, Laser Metal Deposition, Digital Light Processing, Laminated Object Manufacturing, and Others) by Printer Type (Desktop 3D Printer and Industrial 3D Printer) by Material (Polymer, Metal, and Ceramic) by Application (Prototyping, Tooling, and Functional Parts) by Component (Hardware, Software, and Services) and by End-User (Industrial Additive Manufacturing and Desktop Additive Manufacturing) – Opportunity Analysis and Industry Forecast 2023–2030

Market Definition

Europe Additive Manufacturing (AM) Market was valued at USD 6.25 billion in 2022, and is predicted to reach USD 28.33 billion by 2030, with a CAGR of 20.7% from 2023 to 2030. Additive manufacturing (AM), also referred to as additive layer manufacturing (ALM) or 3D printing, is a controlled computer-based process that constructs three-dimensional objects by sequentially depositing materials, typically in layers. This technique gained popularity as rapid prototyping due to its ability to quickly produce a scaled model of the desired object, eliminating the need for traditional and expensive model-making processes. Additive manufacturing relies on data, computer-aided design (CAD) software, or 3D object scanners to guide the hardware in precisely shaping and depositing materials layer by layer. To utilize additive manufacturing, the initial step involves creating a design for the object to be produced.

This is typically done using CAD software, or by taking a scan of the object, which is to be printed. Then the design is translated by software into a layer-by-layer framework for the additive manufacturing machine to follow. This framework is sent to the 3D printer, which begins creating the object immediately. The actual process of additive manufacturing can be done in a number of ways, which can take from several hours to several days, depending on the object’s size. Depending on the ALM printing process and application, this process can utilize a growing catalog of materials including metal alloys, thermoplastics, thermoset polymers, and composites.

Europe's 3D printing market is witnessing robust growth due to the adoption of advanced technologies

The Europe region consists of countries such as Germany, the UK, France, Italy, Spain, the Netherlands, Denmark, Finland, Norway, Sweden, Russia, and rest of Europe. The surging adoption of advanced technologies including 3D printing across industries such as automotive, aerospace, construction, and food and beverage owing to high disposal income drives the growth of the market. The presence of key players such as PERI Group, Eplus3D, and Handddle adopting various strategies including product launches, innovations, partnerships, and collaborations to increase their market presence and expand their business globally further propels the growth of the market.

Government Initiatives Driving the Growth of 3D Printing in Aerospace and Defense

In addition, the government’s high spending on new technologies in the aerospace and defence industry boosts the growth of the market. Government’s initiatives in this region further boosts the adoption of 3D printing. For instance, in July 2019, European Union contributed USD 30 million that would help Italian 3D printing firm Roboze S.P.A. in the development and upgradation of its research laboratories to expand its 3D printer’s portfolio, which will be used to produce industrial large-scale components in Europe.

High-Cost Restraining Additive Manufacturing in Europe

The enormous initial investment required to construct the infrastructure, including 3D printers, materials, and software, is a huge financial barrier. Small and medium-sized businesses (SMEs) with limited financial resources have challenges in fully embracing additive manufacturing technologies. Thus, it is expected to restrain the growth of the additive manufacturing market.

Technological Advancements in Additive Manufacturing Market in Europe

The additive manufacturing industry has grown significantly as a result of ongoing technical breakthroughs. These developments cover a wide range of topics, including greater printing capabilities, improved materials, and more effective post-processing procedures. As a result of these developments, the market has seen higher-quality outputs, reduced manufacturing periods, and wider application prospects across a wide range of sectors. The continual advancement of additive manufacturing technology has generated several opportunities for market development, resulting in higher acceptance and utilization.

Competitive Landscape

The additive manufacturing industry includes several market players such as Stratasys, Markforged Holding Corporation, Desktop Metal Inc., Velo3d, Inc., Formlabs Inc., Protolabs., Xometry Inc., Shapeway Holdings Inc., D Systems, General Electric. These market players are adopting various strategies such as partnership to maintain their dominance in the market of Europe.

For instance, in June 2023, SPEE3D announced a partnership with the University of Applied Sciences Hamburg (HAW) in Germany to introduce a non-fusion-based novel technology of additive manufacturing in their education. As a result, HAW Hamburg is the first European academic institution to utilise a 3D printer to manufacture entirely new parts with SPEE3D's patented metal cold spray technology. 

KEY BENEFITS

• The Europe additive manufacturing market report provides a quantitative analysis of the current market and estimations through 2023-2030 that assists in identifying the prevailing market opportunities to capitalize on.

• The study comprises a deep dive analysis of the market trend including the current and future trends for depicting the prevalent investment pockets in the market.

• The information related to key drivers, restraints, and opportunities and their impact on the market is provided in the report.

• The competitive analysis of the market players along with their market share in the Europe additive manufacturing market.

• The SWOT analysis and Porter’s Five Forces model are elaborated in the study.

• Value chain analysis in the market study provides a clear picture of the stakeholders’ roles.

EUROPE ADDITIVE MANUFACTURING MARKET KEY SEGMENTS

By Technology

• Stereolithography

• Fused Deposition Modeling

• Selective Laser Sintering

• Direct Metal Laser Sintering

• Polyjet Printing

• Inkjet Printing

• Electron Beam Melting

• Laser Metal Deposition

• Digital Light Processing

• Laminated Object Manufacturing

• Others

By Printing Type 

• Desktop 3D Printer 

• Industrial 3D Printer

By Material

• Polymer

• Metal

• Ceramic

By Application

• Prototyping    

• Tooling    

• Functional Parts    

By Component

• Hardware

• Software

  • Design Software    

  • Inspection Software    

  • Printer Software    

  • Scanning Software    

• Services

By End-User

• Industrial Additive Manufacturing

  • Automotive    

  • Aerospace and Defense    

  • Healthcare    

  • Consumer Electronics    

  • Power and Energy    

  • Others    

• Desktop Additive Manufacturing        

  • Educational Purpose    

  • Fashion and Jewelry    

  • Objects    

  • Dental    

  • Food    

  • Others