Global Additive Manufacturing Market Industry Trends, Estimation & Forecast, 2018 - 2025

The decreased prices of additive manufacturing-based machines, coupled with growing expertise and awareness, have increased the availability and demand for this technology. The growing demand for lightweight, fast, and fuel-efficient vehicles in countries, such as Germany, Japan, and China, has fueled the growth of the metal additive manufacturing sector. The increased investments in the R&D of improved software and technology, coupled with the introduction of new combinations of printing materials, are expected to spur the development of new equipment and applications, thereby bolstering the growth of the additive manufacturing market.
With rapid advancements in material compositions, such as, polymers and metals, additive manufacturing technology is evolving from being a prototyping tool to a functional part of fabrication. Until three years ago the least expensive SLS printers cost around $200,000 (and the largest industrial systems as much as several million dollars). Benchtop SLS printers produce nylon parts are now becoming available in the $10,000 range, making the technology much more accessible and lowering production cost significantly when equipment ownership is taken into account. Benchtop SLS has the potential to expand beyond prototyping and reach into the domain of end-use parts.

The global additive manufacturing market is expected to rise from its initial estimated value of USD 3.99 billion in 2018 to an estimated value of USD 11.56 billion by 2026 registering a CAGR of 14.20% in the forecast period of 2019-2026.

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The additive manufacturing market is segmented into the end-user industry, material type, and the regions. On the basis of the end-user industry, the additive manufacturing market is classified into automotive, healthcare, automotive, dental and others. Based on the material type, the global market is categorized into plastic, metal alloy, rubber, and others.

The adoption of 3D printing in the region has been strong as industry and academic institutions are implementing 3D printing at a steady rate. The adoption of additive manufacturing by firms produces various economic benefits as it lowers production costs, improves production efficiency, and contributes to revenue generation of the North American organizations and businesses. The geographical regions where the additive manufacturing market is diversified are Asia-Pacific, Europe, North America and the Rest of the World.

These major players with prominent shares in the market are focusing on expanding their customer base across foreign countries. The leading companies are making investments to expand their business and increase their production capacity. Few of the major market competitors currently working in the additive manufacturing market are 3D Systems, Inc., 3T Ltd., Biomedical Modeling Inc., ENVISIONTEC, INC., EOS Systems Inc., Integer Holdings Corporation, GPI Prototype, and Manufacturing Services, LLC., Surgical, SLM Solutions, Xilloc Medical B.V., Dentsply Sirona, Renishaw plc., Stratasys Ltd., Morris Technology, Materialise, Limacorporate S.p.a., ExOne among others.

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