Spain 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 0.38 billion in 2022, and is predicted to reach USD 1.64 billion by 2030, with a CAGR of 19.8% from 2023 to 2030.
The Spanish government has actively backed additive manufacturing by implementing funding programs, research and development initiatives, and favorable policies that promote its adoption across diverse industries. This robust support from the government has cultivated a conducive environment that nurtures the growth of the additive manufacturing market in Spain.
Also, multiple sectors in Spain, including automotive, aerospace, healthcare, and consumer goods, are experiencing a substantial surge in the adoption of additive manufacturing technologies. The ability of additive manufacturing to create intricate geometries, facilitate product customization, and streamline production timelines has positioned it as an attractive choice for businesses seeking to enhance operational efficiency and flexibility. This widespread adoption of additive manufacturing across various industries serves as a significant catalyst for the expansion of the additive manufacturing market in Spain.
However, the significant initial investment required to set up additive manufacturing infrastructure, which includes acquiring 3D printers, materials, and software, presents a substantial cost barrier. This obstacle is particularly challenging for small and medium-sized enterprises (SMEs) with limited financial resources, hindering their ability to fully adopt additive manufacturing technologies. As a result, these cost constraints are anticipated to limit the growth of the additive manufacturing market
Additive manufacturing market growth has been propelled by persistent technological advancements. These advancements have spanned multiple areas, including enhanced printer capabilities, improved materials, and more effective post-processing techniques. Consequently, the market has experienced noteworthy enhancements in output quality, shortened production cycles, and broader applications across a wide range of industries. The continuous evolution of additive manufacturing technology has generated ample opportunities for market expansion, leading to greater 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