Europe Metal 3D Printing Market Size & Outlook, 2023-2030
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Europe metal 3d printing market highlights
- The Europe metal 3d printing market generated a revenue of USD 2,379.3 million in 2023.
- The market is expected to grow at a CAGR of 24.8% 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, Germany is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 2,379.3 million |
| Market revenue in 2030 | USD 11,249.3 million |
| Growth rate | 24.8% (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, Europe region accounted for 30.8% 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.
Europe was the second-largest 3D printing metal market in 2023. Favorable government policies across Europe are expected to boost market growth over the forecast period. In May 2016, Europe held a conference to adopt 3D printing technology across the region. Increased funding for research & development and standardization of the technology are further anticipated to fuel the market growth.
According to AMFG, a leading European player who is engaged in providing automation software for additive manufacturing, Europe is the region with the greatest number of additive manufacturing firms. In fact, according to the company, about 55% of the total additive manufacturing firms across the globe are present in Europe. This illustrates that there is lucrative market for 3D printing metal in Europe.
Furthermore, these players have a strong history of technical expertise in additive manufacturing processes including SLM Solutions, Renishaw, EOS, Photocentric, and Ultimaker. Several established original equipment manufacturers have started their manufacturing bases in Europe, providing a lucrative opportunity for 3D printing metal suppliers in the region.
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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/ |
Europe 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 62.97% in 2023.
Horizon Databook has segmented the Europe metal 3d printing market based on hardware, software, services covering the revenue growth of each sub-segment from 2018 to 2030.
Europe was the second-largest 3D printing metal market in 2023. Favorable government policies across Europe are expected to boost market growth over the forecast period. In May 2016, Europe held a conference to adopt 3D printing technology across the region. Increased funding for research & development and standardization of the technology are further anticipated to fuel the market growth.
According to AMFG, a leading European player who is engaged in providing automation software for additive manufacturing, Europe is the region with the greatest number of additive manufacturing firms. In fact, according to the company, about 55% of the total additive manufacturing firms across the globe are present in Europe. This illustrates that there is lucrative market for 3D printing metal in Europe.
Furthermore, these players have a strong history of technical expertise in additive manufacturing processes including SLM Solutions, Renishaw, EOS, Photocentric, and Ultimaker. Several established original equipment manufacturers have started their manufacturing bases in Europe, providing a lucrative opportunity for 3D printing metal suppliers in the region.
- Europe Metal 3D Printing Market Component Outlook (Revenue, USD Million , 2018-2030)
- Hardware
- Software
- Services
- Europe Metal 3D Printing Market Printer Type Outlook (Revenue, USD Million , 2018-2030)
- Desktop Printer
- Industrial Printer
- Europe 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 Europe Metal 3D Printing Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Europe Metal 3D Printing Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Europe Metal 3D Printing Market, 2018-2030 (US$M)
Europe metal 3d printing market statistics, by component, 2018-2030 (US$M)
