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Additive Manufacturing Market Set For Rapid Industry Growth, To Reach Around US$ 36.61 Bn By 2027 with a CAGR of +17.7%

Press release   •   Oct 04, 2019 15:30 IST

Additive Manufacturing Market

The additive manufacturing market has experienced a significant growth and adoption rate during the past few years and is expected to experience substantial growth and acceptance in years to come. The primary reasons for the surged adoption of additive manufacturing are the increase in the need for automation and cost-effective technologies in the manufacturing sector. The implementation of additive manufacturing technologies in manufacturing facilitates the mass production of complex shapes parts with reduced lead times. Additive manufacturing has replaced traditional manufacturing methods owing to its high accuracy and speed of production. Also, additive manufacturing transforming production in the range of applications.

The global additive manufacturing market is estimated to grow at a CAGR of 17.7% during the forecast period 2019 – 2027 and forecasted to reach US$ 36.61 Bn by the year 2027 from US$ 8.4 Bn.

There are a few worldwide parts which are best in making the best income for additive manufacturing market in the Chemicals and Materials business and a few top players are overwhelming the market with the assistance of their abilities and learning about the market, for example, definition, arrangements, applications, and commitment. The top player’s moves like their ongoing item dispatches, their explores, joint endeavors, consolidations, and allegations are the one which for the most part influence the market as far as creation, income, utilization, import and fare and deals.

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The global additive manufacturing market is experiencing steady growth with regards to the research and development activities, product innovations, investments, and technological integrations, and deployment in the current scenario and is anticipated to rise exponentially in the coming years. The market for additive manufacturing consists of some well-established players across the globe that cater highly advanced solutions to the manufacturers.

Global Additive Manufacturing Market – By Material

  • Plastic
    •   Metal
    •   Ceramics
    •   Others
  • Global Additive Manufacturing Market – By Technology

  • Selective Laser Sintering (SLS)
    •   Stereolithography (SLA)
    •   Fused Deposition Modeling (FDM)
    •   Others
  • Global Additive Manufacturing Market – By End-User

  • Automotive
    •   Aerospace
    •   Healthcare
    •   Industrial Manufacturing
    •   Others
  • Global Additive Manufacturing Market – By Geography

  • North America
    •   Europe
    •   Asia Pacific (APAC)
    •   Middle East & Africa (MEA)
    •   South America (SAM)
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    The solutions deployed in the manufacturing sector have graduated from being highly expensive to inexpensive solutions over the years. However, with efficiencies, and economies of scale achieved with the help, return on investment for additive manufacturing solution deployment is high leading to its increased adoptions and market attractiveness index.

    Top Companies Mention

    1. 3D Systems, Inc.
    2. Stratasys Ltd.
    3. 3T RPD, LTD.
    4. Arcam AB
    5. EOS GmbH
    6. 3D Hubs B.V.
    8. ProtoCAM
    9. Sciaky, Inc.
    10. GPI Prototype and Manufacturing Services

    By the assistance of SWOT examination this report furnishes with an extensive knowledge about the additive manufacturing market’s controls and drivers all the keeping the report deliberate and giving the organization profiles.

    The global market for additive manufacturing is segmented on the basis of material, technology, and end user. On the basis of material, the market is segmented into plastic, metal, ceramics, and others. Further on the basis of technology, the additive manufacturing market has been split into Selective Laser Sintering (SLS), Stereolithography (SLA), Fused Deposition Modeling (FDM), and Others. Also, additive manufacturing finds increasing applications in a variety of industry sectors. Therefore, the additive manufacturing market has also been segmented on the basis of end-user into automotive, aerospace, healthcare, industrial manufacturing, and others.

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    The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Media, Healthcare and Telecommunication industries.

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