Additive Manufacturing Market - Global Industry Analysis, Market Size, Share, Trends, Analysis, Growth and Forecast 2017 - 2025

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Additive Manufacturing Market - Global Industry Analysis, Market Size, Share, Trends, Analysis, Growth and Forecast 2017 - 2025

Status : July, 2020 | Chemical & Materials | PPT format

Report Digest


Global Additive Manufacturing Market: Snapshot 

Over the coming years, the growth of the global additive manufacturing market is expected to be tremendous, as more raw materials become available and more end-user industries adopt the technology. The continuous rise in research and development activities in additive manufacturing processes is anticipated to alter conventional manufacturing and supply chain pathways and open doors for product innovation. Until a few years ago, the scope of application of this technology was limited. For instance, in the medical field, it was used only for the production of prototypes or models. But with advancements in technology, it is used in making prosthetics, implants, scaffolds, organs, and surgical equipment. In other end-user industries such as automotive and electronics, these advancements have paved way for cleaner, safer, and lighter products, lower costs, and shorter lead times. 

Geography-wise, Europe and North America will account for substantial cumulative shares in the global Additive Manufacturing Market. The increasing investments by governments and international players in the technology are augmenting the growth of the regions. The high disposable income of consumers and high awareness are also playing a vital role in the growth of the regions. On the other hand, Asia Pacific is expected to register a noteworthy growth rate during the forecast period. The immense potential of the market in this region is attracting global players to set up new production plants. Moreover, the increasing adoption of advanced technologies in the medical field is propelling the growth of the region. China is anticipated to be a sight of high growth rate in the region.

Global Additive Manufacturing Market: Synopsis

Additive manufacturing (AM) refers to the concept of creating 3D objects that are solid, and can be of any size or shape to suit the requirement of the engineered products. Additive manufacturing are made by laying down multiple layers of a material, which is a renowned process from traditional subtractive machining techniques that depended on removing material by methods such as cutting or milling. Since this process involves the help of a machine connected to a computer that contains the blueprint of the desired object, the chances of mistakes are decreased to negligible, and hence the demand in the global market for additive manufacturing is escalating. 

Additive manufacturing is utilized by a wide range of industries such as architecture, footwear, industrial design, jewelry, engineering and construction, education, aerospace, dental and medical, consumer products, and automotive. Additive manufacturing has several benefits such as rapid manufacturing, ease in prototyping, mass production, and mass customization. Many players in the global additive manufacturing market provide services to individual, industrial, or commercial use. For the individual services, a customer can upload a 3D design to the company website, which can then be printed using the industrial 3D printer and delivered to the customer. 

Global Additive Manufacturing Market: Trends and Prospects

In the recent times, the application of additive manufacturing has expanded due to the increase in the usage of nickel superalloy for jet engine parts, repairing of heat-treated steels and components, and direct laser sintering of titanium for aerospace components. AM also helps in reducing the weight by optimizing design structure and improved geometric shapes with advanced functionalities. In addition to this customization without any additional cost, additive manufacturing also significantly reduces the production steps, which makes them time-efficient. Concurrently, the primary driver in the global additive manufacturing market are rapid production at reduced cost and ease of development of customized products. Additionally, freedom in designing is enabled by additive manufacturing as it negates the constraints of tooling and machining. Among the restraints that may hinder the growth rate of the market, the factor of process control and complete understanding of the process is foremost. However, an opportunity for the market players is the participation of small companies in the global market, which will help in mergers and acquisitions, and ultimately help the players expand their outreach.

Global Additive Manufacturing Market: Key Segments

The global market for additive manufacturing can be segmented on the basis of application and geography. By application, the market can be divided into consumer products or electronics, medical or dental, automotive, aerospace, and tools or molds. Geographically, the report evaluates the regional markets for additive manufacturing in North America, Europe, Asia Pacific, and rest of the world. 

The key players in the global additive manufacturing market include 3D Systems Corporation, Biomedical Modeling Inc., Arcam AB, 3T Rpd Ltd., Envisiontec GmbH, Fcubic Ab, Fcubic AB, Eos GmbH, Gpi Prototype & Manufacturing Services Inc., Limacorporate S.P.A., Electro Optical Systems, Layerwise NV, Greatbatch Inc., Medical Modeling Inc., Renishaw PLC, Objet Ltd., Materialise NV, Morris Tech. Inc., Sirona Dental Systems, Stratasys Inc. and Slm Solutions GmbH.

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.