Global Additive Manufacturing & Materials Market 2019-2023 considers the past, current and future state of the industry while encapsulating modest landscape analysis, manufacturers, marketing strategies, industry effect factor analysis. An unbiased and detailed analysis of the on-going trends, opportunities/ high growth areas has been included to help stakeholders to device and align Additive Manufacturing & Materials market strategies according to the current and future market. All enterprise profiles of the main players and brands are shown in this research. The report presents the drivers and restrictions of the market that have been explained by SWOT analysis.
Additive Manufacturing & Materials Market Segmentation by Major Players:
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Overview of Additive Manufacturing & Materials Market Report:
The global additive manufacturing & materials market was valued at USD 8.42 billion in 2017, and is expected to reach a value of USD 35.10 billion by 2023, at a CAGR of 26.86 %, during the forecast period (2018 – 2023). The scope of the report is segmented by material type, such as Plastic, Metal, Ceramic, By technology stereo lithography, fused deposition modeling, laser sintering, binder jetting printing, and the end user industries are limited to aerospace, automotive, healthcare, government and defense, and industrial. The regions considered in the scope of the report include North America, Europe, Asia pacific, Middle East & Africa, and Latin America.
Demand for Lightweight Construction in Automotive and Aerospace Industries
Lightweight construction, flexibility in design and fabrication, and energy conservation has spurred the demand for high-performance construction processes and materials, across the aerospace and automotive industries. Additive manufacturing makes this design-driven construction a reality, enabling the production of complex structures that are stable, strong, light in weight, and offer capabilities beyond traditional subtractive manufacturing techniques. In the automotive landscape, owing to the demand for high-strength parts to endure the rigors of high-speed racing, the need to build complex geometries, and light weight construction. Further, major market players in the aerospace industry are investing in the development of additive manufacturing-based airplane components and parts. Additionally, the additive production-based technology delivers cost-effective, on-demand, low volume, as well as full batch production, thereby, making it an attractive alternative for the manufacture of aircrafts and automobiles.
Laser sintering has a Major Market Share Amongst Other Technologies
Laser sintering is prominently used in industries that need small quantities of products printed in high-quality materials. It has applications in aerospace, healthcare, military, hardware, and other industry verticals. In the recent years, technological developments in this segment have been focused on the design and movement of the lasers, for performance optimization. The laser-sintering segment is expected to record growth, due to its ability to generate products with good mechanical properties.
Industrial Manufacturing Has a Major Market Share amongst Other End-user Industries
In industrial manufacturing, which includes semiconductors, consumer electronic, goods, and machinery components, additive manufacturing has allowed the production of parts that are geometrically complex, stronger, and cost-effective. As semiconductors are used in almost all electronics, it is necessary to design them with precision, for efficient and seamless functioning. The adoption of AM in semiconductors has led to a reduction in size and improved the finishing. These factors are expected to boost the market.
North America has the Highest Share in the Market
The United States, being among the lead innovators and pioneers, in terms of adoption, for additive manufacturing, is expected to retain its position as the market leader during the forecast period. In 2016, the US Patent and Trademark Office (USPTO) reported that more than 8,000 patent applications were filed in the field of Additive manufacturing materials. The patents ranged from prosthetic kits to household and consumer products. The introduction of 3D bio printing (an emerging form of 3D printing) is expected to have a positive impact on the US economy, with all the stakeholders expected to benefit from the use of 3D printing techniques.
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Reasons to Purchase this Report
Important factors that are mentioned in the Additive Manufacturing & Materials Market report 2023…
Key Market Dynamics: The Global Additive Manufacturing & Materials Market research report provides complete forecasts on the latest market trends, development methods, and research methodologies. Some of the factors that are directly in affecting the market including the Strategic Production and Methods, development platforms, and the product model itself, and even a minute change within the product profile would result in a huge amount of changes within the mentioned factors. All of these factors are explained in detail in the research study.
Major Growth Prospects: The report also focuses on some of the Key growth prediction, including new product launches, Mergers and Acquisitions, Research and Development, joint ventures, collaborations, agreements, partnerships, and growth of the key Manufacturers working effectively in the market, both in terms of regional and global scale depending on geography.
Key Market Highlights: The report gives us an in-depth Market analysis on some of the Additive Manufacturing & Materials Market key factors, including revenue, cost, capacity, capacity utilization rate, production, production rate, consumption, supply, demand, Market share, CAGR, and gross margin. Additionally, the report presents a comprehensive study of the market growth factors and their latest trends, along with related Market sections and subsections.
Potential Customers: The Additive Manufacturing & Materials Market report provides significant insights to readers, service providers, suppliers, distributors, manufacturers, stakeholders, and individuals who are interested in evaluation and self-studying the Additive Manufacturing & Materials market.
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