Explosive Growth in Additive Manufacturing Market Forecast

23% CAGR from 2023 to 2030

Prepare for an explosive surge in the global Additive Manufacturing market, which is poised to reach staggering heights in the coming years. According to recent market research, the industry was valued at an impressive USD 2438 billion in 2023. This growth trajectory is expected to continue, with projections indicating a CAGR of 233% from 2023 to 2030, driven by the transformative power of 3D printing technology.

Hardware Dominates Market

Within the Additive Manufacturing market, hardware components are projected to command the lion's share, estimated to grow by a whopping USD 3181 billion from 2024 to 2028. This dominance reflects the increasing adoption of 3D printing equipment in various industries, including aerospace, healthcare, and automotive.

The growth of the Additive Manufacturing market is attributed to several key factors, including the rising need for customization in product design, advancements in technology leading to improved accuracy and efficiency, and the expanding range of materials compatible with 3D printing. As companies seek innovative solutions to meet evolving consumer demands, the adoption of Additive Manufacturing is expected to accelerate in the years to come.