Additive Manufacturing Market Demand, Strategies, Competitive Landscape, Trends & Factor Analysis, 2020–2027

Increasing adoption of Additive Manufacturing in automotive and aerospace industry is projected to stimulate market demand.

The global Additive Manufacturing Market is expected to reach USD 23.33 billion by 2026, growing at a high rate of 14.4%, according to a new report by Reports and Data. Increasing government support to enhance additive manufacturing technology across various regions is a key factor influencing market demand. For instance: America Makes, the leading national program in the US, that has been exclusively committed for research in additive manufacturing (3D printing technology), was supported by a USD 90 million financing from the government and business and non-benefit divisions.

Market Size – USD 7.97 billion in 2018, Market Growth - CAGR of 14.4%, Market Trends – Development of new and improved 3D Printing technologies and materials

Additive manufacturing has several advantages such as lower resource requirement, faster production cycle, flexible design, and substantial savings on tooling over traditional manufacturing technologies such as injection molding, Computer Numerical Control (CNC) machining, and vacuum casting. After more than 25 years of development, the market is finally moving into the production phase. Over the forecasted period, businesses alongside the price chain in a variety of industries are now trying hard to capitalize on this fast-paced market. Different metals such as titanium, steel, nickel, aluminum, and cobalt alloys which have various properties are used to make high-performance parts, specifically in the aerospace industry.

To get a sample copy of the Global Additive Manufacturing Market report, visit @ https://www.reportsanddata.com/sample-enquiry-form/1184

Market Insights:

The energy sector or industry comprises players involved in production and exploration of oil or gas reserves, oil and gas drilling, and refining. The energy industry also covers integrated power utility companies such as renewable energy and coal. Companies in the energy industry are classified based on how the energy is sourced such as non-renewables or fossil fuels and renewables such as solar.

The energy sector is an important driver of industrial growth, providing fuel to power the rest of the economy. The demand for energy will increase significantly in the coming years, driven by economic growth, urbanisation, rising incomes and industrial activity. Increasing emphasis of governments across the globe increasing emphasis on renewable energy, including grid-connected and off-grid systems is expected to stimulate market growth during the forecast period.  

Major Regions covered in the report:

North America (U.S.A., Canada, Mexico)
Europe (U.K., Italy, Germany, France, Rest of Europe)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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Types:

Metals
Thermoplastics
Ceramics
Others

End-Use:

Aerospace
Medical
Manufacturing
Automotive
Construction
Others

Leading Companies Profiled in the Report:

3D Systems Inc., General Electric, EnvisionTEC, Mcor Technologies Ltd., Optomec Inc., Stratasys Ltd, EOS GmbH, The ExOne Company and MakerBot Industries, LLC.

In order to get more information on the report, visit @ https://www.reportsanddata.com/report-detail/additive-manufacturing-market

Further key findings from the report suggest:

Stereolithography technology dominated the AM market with a value of 1.1 billion n 2018.
Manufacturing industry is expected to benefit largely with the application of AM technology during the forecast period, with a whopping 33% market share by 2026.
The medical industry is projected to be among one of the fastest growing application of the Additive Manufacturing with a CAGR of 16.1%. Medical equipment manufacturers are using the wide scope of high-quality and biocompatible 3D printing materials to create tissues and organoids, surgical tools, patient-specific surgical models and custom-made prosthetics.
The North American region is dominated the market in 2018, with a share of 43% in 2018. Presence of AM industry giants in the region supports the growth of technology and number of patents.

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This release was published on openPR.