Asia Pacific Metal 3D Printing Market Size & Outlook
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Asia Pacific metal 3d printing market highlights
- The Asia Pacific metal 3d printing market generated a revenue of USD 1,913.1 million in 2023.
- The market is expected to grow at a CAGR of 27.4% from 2024 to 2030.
- In terms of segment, hardware was the largest revenue generating component in 2023.
- Services is the most lucrative component segment registering the fastest growth during the forecast period.
- Country-wise, China is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 1,913.1 million |
| Market revenue in 2030 | USD 10,415.2 million |
| Growth rate | 27.4% (CAGR from 2024 to 2030) |
| Largest segment | Hardware |
| Fastest growing segment | Services |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hardware, Software, Services |
| Key market players worldwide | Cognex Corp, Keyence Corp, SICK, Inc, ISRA VISION, Basler AG |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 24.7% of the global metal 3d printing market in 2023.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 10,415.2 million by 2030.
Asia Pacific 3D printing metal market is expected to ascend at the highest rate primarily due to rapid industrialization and emerging economies across the region. Promotion of private investments by various governments is boosting the manufacturing sector in the region, which, in turn, is expected to propel the demand for 3D printing metal powder in the region.
Governments in the Asia-Pacific region are actively investing in technology innovation and infrastructure to enhance manufacturing capabilities. These investments aim to promote the adoption of advanced manufacturing technologies, such as 3D printing, in high-performance industries like automotive and aerospace.
Manufacturers are expanding and are acquiring to propel market demand. For instance, Stratasys Ltd. acquired Covestro AG's additive manufacturing materials business in April 2023, which included R&D facilities and activities, global development, and sales teams in Europe, the United States, and Asia.
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Publish Date: Jul 26, 2024
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Metal 3D Printing Market Scope
Metal 3D Printing Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Cognex Corp | View profile | 2,992 | One Vision Drive, Natick, MA, United States, 01760-2059 | www.cognex.com |
| Keyence Corp | View profile | 10,580 | 1-3-14, Higashi-nakajima, Higashi-Yodogawa, Osaka, Japan, 533-8555 | www.keyence.co.jp |
| Basler AG | View profile | 1,059 | An der Strusbek 60-62, Ahrensburg, SH, Germany, 22926 | www.baslerweb.com |
| ISRA VISION | View profile | 1001-5000 | Darmstadt, Hessen, Germany, Europe | www.isravision.com/en/ |
| SICK, Inc | View profile | 10001+ | Minneapolis, Minnesota, United States, North America | www.sick.com/us/en/ |
Asia Pacific Metal 3D Printing Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Metal 3D Printing Market Outlook will help companies and investors design strategic landscapes.
Hardware was the largest segment with a revenue share of 63.13% in 2023.
Horizon Databook has segmented the Asia Pacific metal 3d printing market based on hardware, software, services covering the revenue growth of each sub-segment from 2018 to 2030.
Asia Pacific 3D printing metal market is expected to ascend at the highest rate primarily due to rapid industrialization and emerging economies across the region. Promotion of private investments by various governments is boosting the manufacturing sector in the region, which, in turn, is expected to propel the demand for 3D printing metal powder in the region.
Governments in the Asia-Pacific region are actively investing in technology innovation and infrastructure to enhance manufacturing capabilities. These investments aim to promote the adoption of advanced manufacturing technologies, such as 3D printing, in high-performance industries like automotive and aerospace.
Manufacturers are expanding and are acquiring to propel market demand. For instance, Stratasys Ltd. acquired Covestro AG's additive manufacturing materials business in April 2023, which included R&D facilities and activities, global development, and sales teams in Europe, the United States, and Asia.
- Asia Pacific Metal 3D Printing Market Component Outlook (Revenue, USD Million , 2018-2030)
- Hardware
- Software
- Services
- Asia Pacific Metal 3D Printing Market Printer Type Outlook (Revenue, USD Million , 2018-2030)
- Desktop Printer
- Industrial Printer
- Asia Pacific Metal 3D Printing Market Vertical Outlook (Revenue, USD Million , 2018-2030)
- Desktop Metal 3D Printing
- Industrial Metal 3D Printing
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific Metal 3D Printing Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific Metal 3D Printing Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Asia Pacific Metal 3D Printing Market, 2018-2030 (US$M)
Asia Pacific metal 3d printing market statistics, by component, 2018-2030 (US$M)
