Germany 3d Printing Market Forecast 2023-2030

Germany 3d Printing Market Forecast 2023-2030

KEY FINDINGS

The Germany 3D printing market is anticipated to grow with an 18.93% CAGR during the forecast period, 2023-2030. Rapid industrialization, adoption of additive manufacturing, innovative start-ups, and government initiatives propel market growth in the country.

MARKET INSIGHTS

Germany is Europe’s largest producer of goods and a leader in industrialization and additive manufacturing adoption. It is also the largest European industrial and consumer 3D printing market. In 2020, the German additive manufacturing industry reported $1.72 billion in revenue, showcasing above-average growth in recent years. Approximately one-third of major German industrial enterprises currently employ 3D printing.

The German Federal Government’s ‘Industrie 4.0’ project has prompted enterprises to shift their focus from traditional manufacturing techniques to digital and Internet of Things (IoT) technologies, including metal 3D printing. Moreover, 148 research institutions in Germany are actively advancing additive manufacturing, poised to drive the country’s 3D printing sector in the coming years. During the forecast period, the automotive application segment is expected to grow fastest, with numerous initiatives and projects in the country emphasizing the benefits of 3D printing for the automotive industry.

COMPETITIVE INSIGHTS

Major market players operating in the country include BASF SE, Voxeljet AG, SLM Solutions, etc.

Our report offerings include:

• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation caters to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments