The Europe Additive Manufacturing Market would witness market growth of 18.2% CAGR during the forecast period (2022-2028).
Additive Manufacturing (AM) differs from subtractive manufacturing, which involves removing unnecessary materials from a block of material through grinding. In industrial applications, additive manufacturing usually refers to 3D printing. With the use of a 3D printer and 3D printer software, additive manufacturing involves the layer-by-layer addition of material to construct an object while referring to a three-dimensional file. Depending on the application, a suitable additive manufacturing technology is chosen from the available options.
Making something additively allows a manufacturer to produce functionally graded materials, which means the user can receive various materials on the interior and exterior of the product. Additionally, abrasion-resistant materials, such as ceramics, are on the surface, and conductive materials, such as metals, are on the inside.
The United Kingdom is currently the world's tenth-largest manufacturer. Manufacturing in the United Kingdom employs 2.7 million people, generates 11% of GVA, contributes to 45% of the total GDP, and accounts for 13% of business investment. In addition, the supply networks of UK manufacturers have been severely disrupted in the last year. As a result, investment decisions have been changed, and a number of larger OEMs are evaluating or moving toward near-sourcing/on-shore manufacturing.
Some of the problems produced by supply chain disruptions are being addressed using digital technologies. Moreover, according to the International Trade Administration, the United Kingdom is one of the world's leaders and pioneers in additive manufacturing (AM), and it was one of the first countries to adopt its own AM strategy in 2017. Additionally, several UK manufacturers have adopted Additive Manufacturing and already have major facilities. According to estimates of the organizations, 42% of business owners want to invest in new technologies. It would generate more tendencies for the increasing adoption of additive manufacturing solutions and hence, would augment the growth of the regional additive manufacturing market.
The Germany market dominated the Europe Additive Manufacturing Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $2,884.1 million by 2028. The UK market is estimated to grow at a CAGR of 17.2% during (2022 - 2028). Additionally, The France market would witness a CAGR of 19.1% during (2022 - 2028).
Based on Printer Type, the market is segmented into Industrial 3D Printer and Desktop 3D Printer. Based on Technology, the market is segmented into Stereolithography, Fuse Deposition Modeling, Selective Laser Sintering & Direct Metal Laser Sintering, Polyjet Printing & Inkjet Printing, Electron Beam Melting & Laser Metal Deposition, Digital Light Processing, and Laminated Object Manufacturing & Others. Based on Component, the market is segmented into Hardware, Software (Design, Printer, and Scanning & Inspection), and Services. Based on Application, the market is segmented into Prototyping and Tooling & Functional Parts. Based on Material, the market is segmented into Metal, and Polymer & Ceramic. Based on Vertical, the market is segmented into Automotive, Consumer Electronics, Aerospace & Defense, Educational Purpose, Healthcare & Dental, Fashion & Jewelry, Power & Energy, Food, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Additive Manufacturing Market will Hit $44.6 Billion by 2028, at a CAGR of 18.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include 3D Systems Corporation, Autodesk, Inc., Canon, Inc., Materialise NV, EnvisionTec, Inc., General Electric (GE) Co., Voxeljet AG, Redwire Corporation, and Stratasys, Ltd.
By Printer Type
By Technology
By Component
By Application
By Material
By Vertical
By Country
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