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.
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.
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.
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.
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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