Global Additive Manufacturing Market By Technology (Powder Bed Fusion, Directed Energy Deposition, Binder Jetting, Sheet Lamination), Materials (Homogeneous Materials, Heterogeneous Materials), Material Type (Plastic, Metal alloy, Rubber, Others), Products (Surgical Equipment, Prosthetics & Implants, Tissue Engineering), End-Users (Automotive Manufacturing, Consumer Products, Government/Military, Architecture, Healthcare, Academic Institutions, Dental, Others), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends & Forecast to 2026
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. This rise in the market can be attributed to the rising occurrence of structural heart diseases and technological developments in the industry.
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Market Definition: Global Additive Manufacturing Market
Additive manufacturing is also called as 3D (three dimensional) printing, and it is utilized for the creation of 3D objects. The 3-D object is created using computer, to create the object, additive processes are used. The 3D objects can be modified as per the industry requirement. The numerous industries which include 3-D object are healthcare, automotive, education, government, research, defense, aerospace, consumer products and industrial.
Regulatory hurdle in many countries is one of the constraints for the market.
The limited access of additive manufacturing in the underdeveloped and developing economies would restrain the growth of the market.
Segmentation: Global Additive Manufacturing Market
- Powder Bed Fusion
- Directed Energy Deposition
- Binder Jetting
- Sheet Lamination
- Homogeneous Materials
- Heterogeneous Materials
By Material Type
- Metal Alloy
- Surgical Equipment
- Prosthetics & Implants
- Tissue Engineering
By End User
- Automotive Manufacturing
- Consumer Products
- Academic Institutions
- North America
- South America
- Rest of South America
- United Kingdom
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- Middle East and Africa
- South Africa
- Saudi Arabia
- United Arab Emirates
- Rest of Middle East and Africa
Key Developments in the Market:
In July 2018, 3D Systems launched the FabPro 1000, a less costly, highly efficient DLP-based 3D printer framed for dental and jewelry production, and for high quality plastic prototypes. It has a printing speed which is three times faster than that f its competitors, and is marketed as simple to use SLA printer. In July, 2018, 3D systems launched an e-commerce site for the sale of its new printer, to make it easily accessible to its customers.
In April 2018, ExOne launched Innovent+ metal Additive Manufacturing machine. It is developed for use lab for research and education. It provides two times the print volume of its previous models with enhanced powder handling capabilities. It is equipped with a new Ultrasonic recoater which is framed to offer material adaptability and is easy to operate.
Competitive Analysis: Global Additive Manufacturing Market
The global additive manufacturing market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of additive manufacturing market for Global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
Key Market Competitors: Global Additive Manufacturing Market
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., Surgival, SLM Solutions, Xilloc Medical B.V., Dentsply Sirona, Renishaw plc., Stratasys Ltd., Morris Technology, Materialise, Limacorporate S.p.a., ExOne among others.
Research Methodology: Global Additive Manufacturing Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request an Analyst Call or can drop down your inquiry.
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Demand Side: Doctors, Surgeons, Medical Consultants, Nurses, Hospital Buyers, Group Purchasing Organizations, Associations, Insurers, Medical Payers, Healthcare Authorities, Universities, Technological Writers, Scientists, Promoters, and Investors among others.
Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.
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