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

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

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.

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.

However, the considerable upfront investment necessary for establishing additive manufacturing infrastructure, including 3D printers, materials, and software, poses a significant cost barrier. This obstacle becomes particularly challenging for small and medium-sized enterprises (SMEs) with limited financial resources, making it difficult for them to fully embrace additive manufacturing. Consequently, these cost constraints are expected to restrain the growth of the additive manufacturing market.

The additive manufacturing market has experienced substantial growth driven by continuous technological advancements. These advancements have encompassed various aspects, such as improved printer capabilities, enhanced materials, and more efficient post-processing techniques. As a result, the market has witnessed significant improvements in output quality, reduced production times, and expanded applications across diverse industries. The continuous evolution of additive manufacturing technology has created abundant opportunities for market expansion, attracting increased adoption and utilization.

Segment Overview
The global additive manufacturing industry is segmented on the basis of technology, printer type, application, component, and end-user.

By technology, the market is classified into 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, the market is categorized into desktop 3d printer and industrial 3d printer) by material (polymer, metal, and ceramic

By application, the market is segmented into prototyping, tooling, and functional parts management, harvest management, soil management, inventory management, and others.

By component, the market is categorized into hardware, software, and services

By end user, the market is segmented into industrial additive manufacturing and desktop additive manufacturing

Key Market Players
The key players in the global additive manufacturing market research include companies such as:
• Stratasys
• Markforged Holding Corporation
• Desktop Metal Inc.
• Velo3d, Inc.
• Formlabs Inc.
• Protolabs.
• Xometry Inc.
• Shapeway Holdings Inc.
• D Systems
• General Electric

Recent Development

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 utilize a 3D printer to manufacture entirely new parts with SPEE3D's patented metal cold spray technology.

Key Benefits
• The additive manufacturing market report provides a quantitative analysis of the current market and estimations from 2023 to 2030. This analysis assists in identifying the prevailing market opportunities.
• The study comprises a comprehensive analysis of the market trends, including current and future trends for depicting 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 additive manufacturing market is provided in the report.
• The SWOT analysis and Porter’s Five Forces model are elaborated in the study.
• The value chain analysis in the market study provides a clear picture of the role of stakeholders.

Companies Mentioned
KEY PLAYERS
Stratasys
Markforged Holding Corporation
Desktop Metal Inc.
Velo3d, Inc.
Formlabs Inc.
Protolabs.
Xometry Inc.
Shapeway Holdings Inc.
D Systems
General Electric