Additive Manufacturing Market : Competitive Dynamics & Global Outlook 2027– Top Key players are EOS GmbH, 3T RPD, 3D Systems, Stratasys, 3D Hubs, Sciaky

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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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.

The report enables you to-
• Formulate significant competitor information, analysis, and insights to improve R&D strategies
• Identify emerging players with potentially strong product portfolio and create effective counter strategies to gain competitive advantage
• Identify and understand important and diverse types of Additive Manufacturing Supplies under development
• Develop market entry and market expansion strategies
• Plan mergers and acquisitions effectively by identifying major players with the most promising pipeline
• In-depth analysis of the product's current stage of development, territory and estimated launch date

The major companies offering additive manufacturing include
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

The global additive manufacturing market is experiencing steady growth with regards to the research and development activities, product innovations, investments, and technological integrations, and deployment in the current scenario and is anticipated to rise exponentially in the coming years. The market for additive manufacturing consists of some well-established players across the globe that cater highly advanced solutions to the manufacturers. The solutions deployed in the manufacturing sector have graduated from being highly expensive to inexpensive solutions over the years.

The global market for additive manufacturing is segmented on the basis of material, technology, and end user. On the basis of material, the market is segmented into plastic, metal, ceramics, and others. Further on the basis of technology, the additive manufacturing market has been split into Selective Laser Sintering (SLS), Stereolithography (SLA), Fused Deposition Modeling (FDM), and Others. Also, additive manufacturing finds increasing applications in a variety of industry sectors. Therefore, the additive manufacturing market has also been segmented on the basis of end-user into automotive, aerospace, healthcare, industrial manufacturing, and others.

The advanced countries from North America and as well as the developing economies from APAC who largely depend upon the manufacturing sector are observed to be the frontrunners in the installations of additive manufacturing solutions whereas the market is gathering steady pace in other regions of the world, especially in South American countries. Consistent expansion of applications of the additive manufacturing is expected to foresee rapid growth in the coming years.

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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This release was published on openPR.