Global Additive Manufacturing Market  report aids businesses in gaining knowledge about what is already there in the market, what market looks forward to, the competitive background and steps to be followed for outdoing the rivals. Effortlessness maintained in research method and application of best tools and techniques makes this market research report an outstanding. The report is bifurcated into several attributes which include manufacturers, region, type, application, market status, market share, growth rate, future trends, market drivers, opportunities, challenges, emerging trends, risks, entry barriers, sales channels, and distributors which are again detailed in the universal A business report as required to describe the topic and provide maximum information for better decision making.

Data Bridge Market Research analyses that the additive manufacturing market was valued at USD 15.27 billion in 2021 and is expected to reach USD 104.98 billion by 2029, registering a CAGR of 27.25% during the forecast period of 2022 to 2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

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The market for additive manufacturing is estimated to increase rapidly over the forecast period. In comparison to traditional manufacturing methods including injection molding, CNC machining, and vacuum casting, additive manufacturing provides various advantages, such as a lower resource demand, a shorter production cycle, flexible design, and significant tooling cost savings. The market is finally moving into production after more than 25 years of development. Businesses across the value chain in various industries will attempt to capitalize on this fast-paced market over the projected period. Different metals with diverse beneficial qualities, such as titanium, steel, nickel, aluminium, and cobalt alloys, are utilized to produce high-performance parts, particularly in the aerospace industry.

3D printing, also known as additive manufacturing, is a revolutionary technique to industrial production that allows for the creation of lighter, stronger parts and systems. Because it uses computer-aided design (CAD) software or 3D object scanners to command the hardware to deposit material, layer by layer, in precise geometric patterns, additive manufacturing can provide digital flexibility and efficiency to manufacturing operations.

Reduced production cost for rapid manufacturing

Because additive manufacturing technologies have lower production costs than traditional manufacturing processes, they can be cost-effective. Fixed costs are exclusively attributed to a single component design in traditional manufacturing technologies. There are some fixed expenses associated with additive manufacturing, but these costs can be more easily compensated by the number of diverse items that can be created in a single batch. As a result, additive manufacturing is more cost-effective than traditional manufacturing, which is one of the primary drivers driving market revenue growth.

Ease of manufacturing complex design 

When compared to other traditional manufacturing processes, the fundamental physical difference in how items are manufactured with the additive manufacturing process generates several key functional distinctions. The capacity of additive manufacturing to build complicated geometries that would be difficult or impossible to achieve using traditional manufacturing processes is the most significant of these functional changes. These complex geometries are also more durable and lighter than standard geometries. The ability of additive manufacturing to construct complicated geometries more easily than conventional production technologies has fueled its growth.

Furthermore, the development of new and improved technologies and materials will be a major factor influencing the growth of the additive manufacturing market. Along with this, increasing urbanization and rising level of government funding are the driving factors accelerating the growth of the additive manufacturing market. Also, the increasing expenditure on healthcare infrastructure is the major market drivers that will further escalate the growth of additive manufacturing market. Other significant factors that will cushion the additive manufacturing market’s growth rate are the customization of products and bulk production.

Development of new supply chain models   

Moreover, the rising development of new supply chain models will provide beneficial opportunities for growth in additive manufacturing. Along with this, the expiry of key patents will influence the market’s growth rate by creating various market opportunities in coming years.

Moreover, growing number of strong mergers and acquisitions and increase in the number of emerging markets will further provide beneficial opportunities for the additive manufacturing market growth during the forecast period.

Restraints/Challenges Global Additive Manufacturing Market

The dearth of software efficiency

However, dearth of software efficiency will impede the additive manufacturing market’s growth rate. The entire process of customer-specific additive manufacturing is primarily manual, and this manual labour is justifiable to some extent in early Additive Manufacturing use cases (AM). It was not essential to tightly integrate the 3D printer into supporting software solutions in prototype because the number of components produced was small and there was little need for comprehensive data collection.

Complexities associated with the production of large single parts

Even if additive manufacturing could significantly improve production speed and volume, it would still be impossible to produce huge single items. This is another key obstacle that additive manufacturing researchers must overcome as they seek new uses for the technology. Because existing additive manufacturing processes have a restricted construction envelope, even larger components that can be printed must still be connected using mechanical joining or welding.

On the other hand, the lack of standardization equipment and process control will challenge the additive manufacturing market. Additionally, issues with the availability as well as cost of additive manufacturing will act as restrain and further impede the growth rate of market during the forecast period of 2022-2029.

This additive manufacturing market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the additive manufacturing market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Some of the major players operating in the additive manufacturing market 3D Systems, Inc. (U.S.), Stratasys (U.S.), ExOne (U.S.), ENVISIONTEC US LLC (Germany), Materialise (Belgium), MCor Technologies Ltd. (Ireland), Biomedical Modeling Inc. (US), EOS Systems Inc. (US), Integer Holdings Corporation (US), Fathom Digital (US), Surgival (Spain), SLM Solutions (Germany), Xilloc Medical B.V. (Netherlands), Dentsply Sirona (US), Renishaw plc (UK), Morris Technology (US), and Limacorporate S.p.a (Italy), among others.

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COVID-19 Impact on Additive Manufacturing Market

The growth of the additive manufacturing market had been hampered by COVID-19. Previously, factories were forced to close briefly owing to global lockdowns to prevent the spread of the coronavirus. Companies redesigned their manufacturing methods and embraced contemporary production techniques during the lockdown, and after the lockdown ended, they began rearranging their business strategies and investing in nations that were predicted to grow faster. New businesses in a variety of industries have begun to use additive manufacturing technologies on a large scale to manufacture a variety of products. Governments in several nations are assisting businesses who are using contemporary technology for long-term growth and improved infrastructure by offering subsidies and allocating significant funds to this goal in their budgets. Rising demand for additive manufacturing from the healthcare, automotive, and military sectors is likely to fuel market revenue growth during the forecast period.

In April 2021, EnvisionTEC stated that a clinical trial of the EnvisionTEC 3D printed Nasopharyngeal (NP) Swabs for COVID-19 testing had been completed. EnvisionTEC, along with a large number of its Envision One cDLM clients who have also registered with the FDA to participate in this endeavour, has the capacity to generate up to a million of the vitally needed swabs every day.

Global Additive Manufacturing Market Scope

The additive manufacturing market is segmented on the basis of material, material type, technology and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

On the basis of material, the additive manufacturing market is segmented into plastic, metals and ceramics.

On the basis of material type, the additive manufacturing market is segmented into homogeneous materials and heterogeneous materials.

On the basis of technology, the additive manufacturing market is segmented into stereolithography, fused deposition modeling, laser sintering and other technologies.

On the basis of end user, the additive manufacturing market is segmented into aerospace and defense, automotive, healthcare, industrial and other end users.

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Additive Manufacturing Market Regional Analysis/Insights

The additive manufacturing market is analysed and market size insights and trends are provided by country, material, material type, technology and end user as referenced above.

The countries covered in the additive manufacturing market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the additive manufacturing market because of major key players and high healthcare expenditure in this region. Additionally, the growing acceptance of technologically advanced medical devices will flourish the market’s growth rate in this region.

Asia-Pacific is expected to grow during the forecast period due to rising growth in the manufacturing sector in this region. Along with this, increasing demand for lightweight and high-strength components with precise designs will flourish the market’s growth rate in this region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter’s five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Healthcare Infrastructure Growth Installed Base and New Technology Penetration

The additive manufacturing market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for additive manufacturing market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the additive manufacturing market. The data is available for historic period 2010-2020.

Key Pointers Covered Market Size Market Growth Top to Bottom Market Analysis Market Segmented Recent Developments for Market Competitors Recent Market Value for Different Countries Market Value and OverView of this Market Company Profiling of Players of this Market

The report offers a comprehensive evaluation of the Global & Regional Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies. The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry. The report includes an in-depth market analysis using Porter’s 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report. The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies. The report also contains the competitive analysis using Positioning Quadrants, the analyst’s Proprietary competitive positioning tool.

Market highlights: Assessment of the market Premium Insights Competitive Landscape COVID Impact Analysis Historic Data, Estimates and Forecast Company Profiles Global and Regional Dynamics

Key Questions Answered in the Market Report

• How did the COVID-19 pandemic affect the reception of by different statistical surveying and life sciences organizations? • What is the viewpoint for the effective market during the conjecture time frame? • What are the key patterns affecting the effect market? How might they impact the market in short-, mid-, and long-haul length? • What is the end client’s insight toward? • What are the key variables affecting the effect market? What will be their effect in the short-, mid-, and long-haul term? • What are the key open doors regions in the effect market? What is their possible in short-, mid-, and long haul length? • What are the key systems taken on by organizations in the effect market? • What are the key application regions of the effect market? Which application is supposed to hold the most noteworthy development potential during the gauge time frame? • What is the favored sending model for the effect? What is the development capability of different arrangement models present on the lookout? • Who are the key end clients of this statistical surveying quality? What is their separate offer in the effect market? • Which territorial market is supposed to hold the most noteworthy development potential in the effect market during the conjecture time frame? • Which are the central members in the effect market?

Report Coverage- The report involves data triangulation based on top-down and bottom-up approaches. The report contains details on revenues, growth rate, strategies, etc. The report highlights market and technological trends, new product developments, etc. The report elucidates the data gathered from interviews with reputed stakeholders such as product managers, C-level executives, among others, operating in the market. The report also highlights the impact of COVID-19 and suggests measures and strategies to grow in the approaching years.

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