Latin America Metal 3D Printing Market Size & Outlook
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Latin America metal 3d printing market highlights
- The Latin America metal 3d printing market generated a revenue of USD 555.2 million in 2023.
- The market is expected to grow at a CAGR of 21.7% from 2024 to 2030.
- In terms of segment, hardware was the largest revenue generating component in 2023.
- Hardware is the most lucrative component segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 555.2 million |
| Market revenue in 2030 | USD 2,193.7 million |
| Growth rate | 21.7% (CAGR from 2024 to 2030) |
| Largest segment | Hardware |
| Fastest growing segment | Hardware |
| 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, Latin America region accounted for 7.2% 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.
The rise of 3D printing metal in Central and South America is an emerging trend that holds great potential for the region. While full adoption of additive manufacturing is still a few years away, there are several factors contributing to the growth of 3D printing in the region.
One key factor is the arrival of new materials and the greater adoption of metal technologies. This is expected to drive innovation and growth in the 3D printing industry in Central and South America. Partnerships and collaborations are also playing a crucial role in expanding access to affordable metal 3D printing in the region.
For example, in 2022, Xact Metal has forged partnerships in Mexico and Colombia to bring affordable metal 3D printing to Central & South America. These collaborations aim to democratize metal 3D printing and make it more accessible to a wider range of industries.
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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/ |
Latin America 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 65.4% in 2023.
Horizon Databook has segmented the Latin America metal 3d printing market based on hardware, software, services covering the revenue growth of each sub-segment from 2018 to 2030.
The rise of 3D printing metal in Central and South America is an emerging trend that holds great potential for the region. While full adoption of additive manufacturing is still a few years away, there are several factors contributing to the growth of 3D printing in the region.
One key factor is the arrival of new materials and the greater adoption of metal technologies. This is expected to drive innovation and growth in the 3D printing industry in Central and South America. Partnerships and collaborations are also playing a crucial role in expanding access to affordable metal 3D printing in the region.
For example, in 2022, Xact Metal has forged partnerships in Mexico and Colombia to bring affordable metal 3D printing to Central & South America. These collaborations aim to democratize metal 3D printing and make it more accessible to a wider range of industries.
- Latin America Metal 3D Printing Market Component Outlook (Revenue, USD Million , 2018-2030)
- Hardware
- Software
- Services
- Latin America Metal 3D Printing Market Printer Type Outlook (Revenue, USD Million , 2018-2030)
- Desktop Printer
- Industrial Printer
- Latin America 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 Latin America Metal 3D Printing Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Latin America Metal 3D Printing Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Latin America Metal 3D Printing Market, 2018-2030 (US$M)
Latin America metal 3d printing market statistics, by component, 2018-2030 (US$M)
