Additive Manufacturing Market to Touch USD 36.61 Bn by 2027 Recording a CAGR of 17.7% %

The 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 in 2018.

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.

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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.

The rapid industrialization in the developing economies has led to a booming manufacturing sector and attracting further investments into the advancements of the manufacturing sector. Leveraging upon the investments provided for advanced manufacturing, the market for additive manufacturing is anticipated to receive a huge boost in the coming few years. Also, it provides huge opportunities for the market players to tap upon.

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The report segments the global additive manufacturing market as follows:

Global Additive Manufacturing Market - By Material

• Plastic
• Metal
• Ceramics

Global Additive Manufacturing Market - By Technology

• Selective Laser Sintering (SLS)
• Stereolithography (SLA)
• Fused Deposition Modeling (FDM)

Global Additive Manufacturing Market - By End-User

• Automotive
• Aerospace
• Healthcare

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