Germany Metal 3D Printing Market Size & Outlook, 2023-2030
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Germany metal 3d printing market highlights
- The Germany metal 3d printing market generated a revenue of USD 839.1 million in 2023 and is expected to reach USD 4,100.7 million by 2030.
- The Germany market is expected to grow at a CAGR of 25.4% 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.
Metal 3d printing market data book summary
| Market revenue in 2023 | USD 839.1 million |
| Market revenue in 2030 | USD 4,100.7 million |
| Growth rate | 25.4% (CAGR from 2024 to 2030) |
| Largest segment | Hardware |
| Fastest growing segment | Services |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Germany accounted for 10.9% of the global metal 3d printing market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany metal 3d printing market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 4,100.7 million by 2030.
The country is amongst the global leaders in additive manufacturing and has secured a key position in the industrialization and adoption of additive manufacturing. The German Federal Government launched the ‘Industry 4.0’ initiative, which shifted the focus of German manufacturers from traditional manufacturing to metal additive manufacturing among other digital and Internet of Things (IoT) technologies.
Germany is allocating substantial funds to maintain its edge in the metal additive manufacturing market. The country has 148 research institutions that are actively dedicated to the development of additive manufacturing. This is expected to play a crucial role in propelling the growth of the metal powder market over the coming years.
The automotive industry is a vital component of Germany’s economy. According to VDA, a German auto industry trade group, German automakers including Daimler, Volkswagen, and BMW are expected to spend USD 45 billion on EV technology over the next three years.
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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/ |
Germany 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 63.81% in 2023.
Horizon Databook has segmented the Germany metal 3d printing market based on hardware, software, services covering the revenue growth of each sub-segment from 2018 to 2030.
The country is amongst the global leaders in additive manufacturing and has secured a key position in the industrialization and adoption of additive manufacturing. The German Federal Government launched the ‘Industry 4.0’ initiative, which shifted the focus of German manufacturers from traditional manufacturing to metal additive manufacturing among other digital and Internet of Things (IoT) technologies.
Germany is allocating substantial funds to maintain its edge in the metal additive manufacturing market. The country has 148 research institutions that are actively dedicated to the development of additive manufacturing. This is expected to play a crucial role in propelling the growth of the metal powder market over the coming years.
The automotive industry is a vital component of Germany’s economy. According to VDA, a German auto industry trade group, German automakers including Daimler, Volkswagen, and BMW are expected to spend USD 45 billion on EV technology over the next three years.
- Germany Metal 3D Printing Market Component Outlook (Revenue, USD Million , 2018-2030)
- Hardware
- Software
- Services
- Germany Metal 3D Printing Market Printer Type Outlook (Revenue, USD Million , 2018-2030)
- Desktop Printer
- Industrial Printer
- Germany 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 country-level data and insights on the Germany Metal 3D Printing Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Germany Metal 3D Printing Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Germany Metal 3D Printing Market, 2018-2030 (US$M)
Germany metal 3d printing market statistics, by component, 2018-2030 (US$M)
