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Additive Manufacturing Market to grow at a CAGR of 17.7%, Globally 2027 : 3D Systems, Stratasys, 3T RPD, Arcam, EOS, 3D Hubs

Press release   •   Jun 28, 2019 12:34 IST

Additive Manufacturing Market

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.

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.

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The List of Companies

  • 3D Systems, Inc.
  • Stratasys Ltd.
  • 3T RPD, LTD.
  • Arcam AB
  • EOS GmbH
  • 3D Hubs B.V.
  • ENVISIONTEC, INC.
  • ProtoCAM
  • Sciaky, Inc.
  • GPI Prototype and Manufacturing Services

Fused deposition modeling (FDM), stereolithography (SLA), and selective laser sintering are the primary technologies used in additive manufacturing for production. These technologies are mainly adopted where the production volume is low, and product value is high. These technologies offer variations in surface finish, dimensional accuracy, and post-processing requirements. FDM is the leading technology in the global additive manufacturing market which is ideal for engineering-grade thermoplastic filaments to produce functional parts. For instance, acrylonitrile butadiene styrene (ABS), polylactic acid (PLA), and nylon are few of the common materials used in FDM additive manufacturing technology.

The additive manufacturing market segmentation is done on the basis of material, technology, and end-user. The additive manufacturing market has been segmented on the basis of material into plastic, metal, ceramics, and others. Further, the additive manufacturing market has been segmented on the basis of technology into Selective Laser Sintering (SLS), Stereolithography (SLA), Fused Deposition Modeling (FDM), and Others. In recent years, a large number of industry sectors have displayed a various level of keenness to adopt the additive manufacturing solution.

Reasons To Buy:

  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global additive manufacturing market.
  • Highlights key business priorities in order to assist companies to realign their business strategies.
  • The key findings and recommendations highlight crucial progressive industry trends in the global additive manufacturing market, thereby allowing players across the value chain to develop effective long-term strategies.
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
  • Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution.

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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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