Additive Manufacturing Market Expected to Grow to Trillions by 2028
Exponential Growth in a Booming Industry
The global additive manufacturing market is experiencing unprecedented growth, with the market size reaching significant milestones in recent years. According to various projections, the market is poised to continue its upward trajectory, reaching staggering figures in the near future.
Impressive Market Valuations
In 2022, the additive manufacturing market was valued at a substantial USD 1520 billion. This figure is projected to grow exponentially by USD 3181 billion between 2024 and 2028 at a remarkable CAGR of 21%. By 2028, the market is estimated to reach an astonishing USD 4701 billion.
Market Size Projections
Estimates vary slightly, but all indicate the immense growth potential of the additive manufacturing market. In 2023, the market size was assessed at USD 1799 billion, with some projections valuing it at USD 2438 billion. By 2023, it is anticipated to reach USD 5279 billion, surpassing the USD 7629 billion mark in 2023. This consistent growth highlights the strong demand for additive manufacturing solutions.
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