Industry: Semiconductor & Electronics | Publish Date: 27-Jul-2023 | No of Pages: 75 | No. of Tables: 62 | No. of Figures: 29 | Format: PDF | Report Code : N/A
Russia Additive Manufacturing (AM) Market was valued at USD 157.84 million in 2022, and is predicted to reach USD 790.83 million by 2030, with a CAGR of 22.3% from 2023 to 2030. Additive manufacturing, also known as 3D printing or additive layer manufacturing (ALM), is a precise method of building 3D objects by adding materials in successive layers. It is a computer-controlled process that relies on data, computer-aided design (CAD) software, or 3D object scanners to guide the hardware in shaping the materials accurately. Before starting the additive manufacturing process, a design must be created either through CAD software or by scanning an existing object. The software then converts the design into a step-by-step blueprint that the additive manufacturing machine follows. Once the blueprint is transferred to the 3D printer, the fabrication of the object begins immediately. The duration of the actual additive manufacturing process can vary, ranging from a few hours to several days, depending on the size of the object being produced.
The expanding R&D and innovation approaches by various major market participants, as demand for 3D printing is predicted to increase in the future with the development of its use across industries such as aerospace and manufacturing, promotes the market's growth. 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 increased usage of 3D printing technology in the food and beverage sector to generate pre-designed food products such as pastry, chicken, and chocolate are expected to boost the growth of the market. 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.
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.
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.
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 new launches to maintain their dominance in the market of Russia.
For instance, in January 2021, ROSATOM launched its first Additive Technologies Center in Russia. With this, RusAT engineers will be able to check the adopted design and technological solutions immediately after equipment launch and promptly make adjustments to its design. Thus, it’s a combination of shop floors for Additive Manufacturing (AM) machine assembling, manufacturing and post-processing, as well as the laboratory for product research and sample testing.
The Russia 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 Russia 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.
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
Desktop 3D Printer
Industrial 3D Printer
Polymer
Metal
Ceramic
Prototyping
Tooling
Functional Parts
Hardware
Software
Design Software
Inspection Software
Printer Software
Scanning Software
Services
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
Stratasys
Markforged Holding Corporation
Desktop Metal Inc.
Velo3d, Inc.
Formlabs Inc.
Protolabs.
Xometry Inc.
Shapeway Holdings Inc.
D Systems
General Electric