Finland 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
Finland Additive Manufacturing (AM) Market was valued at USD 93.94 million in 2022, and is predicted to reach USD 450.89 million by 2030, with a CAGR of 21.6% from 2023 to 2030.
The increasing innovation in 3D printing by leading market participants to enhance the acceptance rate of additive manufacturing across various sectors drives market growth. For instance, in October 2020, the premier innovation platform for the Finnish manufacturing sector, DIMECC Ltd., introduced an industrial ecosystem that will expand the use of 3D printing and unite Finnish industry participants. The FAME ecosystem (Finnish Additive Manufacturing Ecosystem) will establish an open 3D printing experimental center at the Smart Technology Hub in Vaasa, modular 3D printing training from the engineering level to the doctoral level in Lappeenranta, and advance Finland to the top nations in the world for 3D printing utilization, and sales.
However, the substantial initial investment required for infrastructure, including 3D printers, materials, and software, acts as a significant cost barrier. SMEs with limited financial resources find it challenging to embrace additive manufacturing fully. Thus, it is expected to restrain the growth of the additive manufacturing market.
Continuous technological advancements have propelled significant growth in the additive manufacturing market. These advancements span multiple areas, including enhanced printer capabilities, improved materials, and more efficient post-processing techniques. As a result of these progressions, the market has witnessed the production of higher-quality outputs, faster production times, and expanded application possibilities across various industries. The continuous evolution of additive manufacturing technology has created ample opportunities for market expansion, attracting increased adoption and utilization.
Segment OverviewThe 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 PlayersThe 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
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 MentionedKEY PLAYERS
Stratasys
Markforged Holding Corporation
Desktop Metal Inc.
Velo3d, Inc.
Formlabs Inc.
Protolabs.
Xometry Inc.
Shapeway Holdings Inc.
D Systems
General Electric