Hybrid Additive Manufacturing Machine Market

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Hybrid Additive Manufacturing Machine Market (Product - Non-material Forming, Biomaterial Forming, and Metal Forming; Application - Production, Prototype, and Repair; End-use - Aerospace & Defense, Energy & Power, Electronics, Medical, Automotive, and Others): Global Industry Analysis, Trends, Size, Share and Forecasts to 2026

  • Published : July, 2020

  • Rep Id : IA0093

  • Category : Industry Automation

  • Status : Published

A recent report published by Infinium Global Research on hybrid additive manufacturing machine market provides an in-depth analysis of segments and sub-segments in the global as well as regional hybrid additive manufacturing machine market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional hybrid additive manufacturing machine market over the short term as well as long term. The report is a comprehensive presentation of trends, forecasts, and dollar values of the global hybrid additive manufacturing machine market. According to the report, the global hybrid additive manufacturing machine market is projected to grow at a CAGR of 18.2% over the forecast period of 2020-2026.

 

Market Insight

Hybrid additive manufacturing (hybrid-AM) is primarily used in the manufacturing sector to improve part quality and part performance than advance processing. Moreover, as the process is very quick and as it offers digital flexibility and efficiency to manufacturing operations, several end-use industries are installing hybrid additive manufacturing systems to a large extent to fulfill stringent industry prerequisites. The current concerns over the spread of coronavirus have created a varying demand for hybrid additive manufacturing machines depending on the end-use industries.

 

Aerospace and automotive industries lead the way for hybrid manufacturing technology as these industries characteristically have one-off or small batches of highly complex parts undergoing frequent iterations. However, manufacturing industries such as aerospace, automotive, and metal and mining industries are the worst hit sectors due to the pandemic. Therefore, new investments will remain considerably low for the next 2 years, which in turn is expected to have a depressing impact on the demand of hybrid additive manufacturing machine from these industries. Nonetheless, hybrid additive manufacturing may possibly turn into a viable solution for manufacturing various medical products such as headring aids, prosthetics, dental implant, and several patient specific implants over the upcoming years. Apart from that, supply chain disruptions are also likely to be witnessed as the manufacturing units have stopped their production. In addition, and labour unavailability is also going to be a challenge for the manufacturers until COVID 19 crisis sideways. But, by 2022 the market is expected to gain constancy due to opportunities in consumer discretionary and healthcare sectors.

 

Moreover, rapid industrialization and growing demand for effective manufacturing will remain the key driving factors for the growth of the hybrid additive manufacturing machine market. In addition, growing investments in hybrid processes for intellectual production results and to gain effective performance and productivity is anticipated to propel the demand of the hybrid additive manufacturing machines. These production processes are also gaining high demand due to the provision of CNC and releases minimum chemical & hazardous pollutants which results in a reduction in the carbon footprint. Additionally, increasing the adoption of automation and robotic operations by many manufacturing industries will also aid the growth of the market. However, high initial investments and implementation costs associated with the equipment are very likely to hamper the demand for hybrid additive manufacturing machines. Furthermore, rising demand from the healthcare industry will escalate the demand for hybrid additive manufacturing machine in the forecast period. 

 

Geographically, North America held the largest share in the hybrid additive manufacturing machine market in 2019. The US is the key revenue generator in the North America hybrid additive manufacturing machine market due to the presence of several major players in this region. Additionally, the high consumption of hybrid 3D printing machines across all manufacturing industries contributed to the high demand for hybrid additive manufacturing machines in the North America market. However, Asia Pacific is anticipated to witness rapid growth in the market owing to rapid industrialization in the region.

 

Segment Covered

The report on the global hybrid additive manufacturing machine market covers segments such as product, application, and end-use. On the basis of product, the sub-markets include non-material forming, biomaterial forming, and metal forming. On the basis of application, the sub-markets include production, prototype, and repair. On the basis of end-use, the sub-markets include aerospace & defense, energy & power, electronics, medical, automotive, and others.

 

Companies Profiled:

The report provides profiles of the companies in the market such as DMG MORI Co., Ltd., Mazak Corporation, Matsuura Machinery Corporation, Optomec Inc., SLM SOLUTIONS GROUP AG, Stratasys Ltd, voxeljet AG, Siemens AG, Okuma America Corporation, and Biomedical Modeling, Inc.

 

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of hybrid additive manufacturing machine market. Moreover, the study highlights current market trends and provides forecast from 2020-2026. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.


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