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Hybrid Additive Manufacturing Machines Market Research Report to 2025 - Optomec, SLM Solutions Group AG, DMG Mori Corporation Ltd., Stratasys Ltd., Siemens AG, Matsuura Machinery Corporation
Hybrid Additive Manufacturing Machines Market
High initial investments and implementation costs associated with the equipment are hindering the hybrid additive manufacturing machines market growth. SMEs and manufacturing companies with low investment capabilities are unable to deploy the machinery. However, these issues can be overcome with government subsidies and financial aids offered by several governments for SMEs globally. Scaling and sizing of products is a limitation for hybrid 3D printing machines.
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The North America hybrid additive manufacturing machines market is expected to grow due to the presence of several major players and high consumption of hybrid 3D printing machines across all industry verticals. The continuous expansion of the aerospace & automotive industry in the U.S. is driving industry development at a rapid pace.
The Asian countries including China, India, and South Korea are witnessing high demand for hybrid machines due to the presence of a large number of consumer electronics & automotive manufacturers. The rising awareness of 3D printing machines that offer efficient production capabilities is driving the overall hybrid additive manufacturing machines market demand.
Hybrid Additive Manufacturing Machines Market, By Product:
• Non-material forming
• Biomaterial forming
• Metal forming
Hybrid Additive Manufacturing Machines Market, By Application:
• Production
• Prototype
• Repair
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The key players in the hybrid additive manufacturing machines market share include Optomec, SLM Solutions Group AG, DMG Mori Corporation Ltd., Stratasys Ltd., Siemens AG, Matsuura Machinery Corporation, Okuma America Corporation, and Mazak Corporation. These companies have adopted various strategies, such as new product developments or innovations, mergers, collaborations, acquisitions, and partnerships, to sustain in the high industry competition.
The incapability to produce multiple items in a single process is an issue for these machines. The machines require skilled labors for operating them. In order to maintain equipment performance and eliminate system breakage issues, companies need to provide high cost and professional training sessions for workers. These training sessions and continuous servicing procedures incur high cost for companies.
In February 2019, The Large Additive Subtractive Integrated Modular Machine (LASIMM) project announced the development and availability of LASIMM manufacturing machines. This equipment is built for producing construction structures using the 3D printing technology and is developed at an estimated cost of USD 5.7 million by 10 European Union partners.
Related News: https://www.marketwatch.com/press-release/2019---2025-hybrid-additive-manufacturing-machines-market-by-industry-trends-regional-forecast-2019-10-16
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