Mexico 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

Mexico 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

Additive Manufacturing (AM) Market was valued at USD 0.40 billion in 2022, and is predicted to reach USD 1.90 billion by 2030, with a CAGR of 21.6% from 2023 to 2030.

The increasing use of 3D printing in the Mexican automotive and aerospace industry for prototype and new product development boosts the market growth. Further, the rising use of additive manufacturing technologies for the construction of buildings and houses owing to technological advancement and high disposal income propels the growth of the market.

For instance, in February 2020, the world’s first 3D-printed neighborhood was constructed in southern Mexico. The project was created in partnership with icon and echale, and have successfully printed its first few houses using a giant 33-foot-long 3D printer.

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 in Mexico 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 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 Developments

October 2022

CEMEX in partnership with COBOD announced that it will launch the first construction-grade 3D concrete printing technology in Mexico. CEMEX planned to use the technology to deliver a superior experience to its customers through a novel construction method which are designed to bring significant cost and time savings.

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