Additive Manufacturing Market :Global Demand Analysis & Opportunity Outlook 2027 :Top keyplayers are 3D Systems, Stratasys, Arcam AB, EOS, 3T RPD, Envisiontec, GPI Prototype, and Manufacturing Services, 3D Hubs

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.

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Key Benefits-

* To provide detailed information regarding the major factors (drivers, restraints, opportunities, challenges, and trends) influencing the growth of the global Additive Manufacturing Market.

* To forecast the size of the market segments with respect to four major regional segments, namely, North America, Europe, Asia Pacific, and the Rest of the World (Latin America and the Middle East & Africa)

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.

Leading Key Players:

1. 3D Systems, Inc.
2. Stratasys Ltd.
3. 3T RPD, LTD.
4. Arcam AB
5. EOS GmbH
6. 3D Hubs B.V.
7. ENVISIONTEC, INC.
8. ProtoCAM
9. Sciaky, Inc.
10. 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.

Accordingly, the additive manufacturing market has also been segmented on the basis of end-user that includes automotive, aerospace, healthcare, industrial manufacturing, and others. On the basis of geography, the additive manufacturing market is analyzed into North America, Europe, Asia- Pacific (APAC), Middle East & Africa (MEA) and South America (SAM).

APAC is expected to be the fastest growing region in the additive manufacturing market. The major reason for this is the huge presence of manufacturing as well as automotive sectors in China, and India coupled with the large population density of the region.

Also, China accounts for the largest producer of automobiles across the world, the new market initiatives and strategic partnerships are expected to continue during the forecast period, contributing to high growth of the additive manufacturing market in the region.

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Reason 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 Additive Manufacturing Market, thereby allowing players 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 products, segmentation and industry verticals.

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This release was published on openPR.