Our latest research report entitled Hybrid Additive Manufacturing Machine Market (by product (non-material forming, biomaterial forming, metal forming), application (production, prototype, repair), end-use (aerospace & defense, energy & power, electronics, medical, automotive, and others)) provides complete and deep insights into the market dynamics and growth of Hybrid Additive Manufacturing Machine.
The latest information on market risks, industry chain structure Hybrid Additive Manufacturing Machine cost structure, and opportunities are offered in this report. The past, present, and forecast market information will lead to investment feasibility by studying the essential Hybrid Additive Manufacturing Machine growth factors.
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Rapid Industrialization and Growing Demand for Effective Manufacturing will Remain the Key Driving Factors for the Growth
Hybrid additive manufacturing (hybrid-AM) is primarily used in the manufacturing sector to improve part quality and part performance than advance processing. Moreover, as the process is very quick and as it offers digital flexibility and efficiency to manufacturing operations, several end-use industries are installing hybrid additive manufacturing systems to a large extent to fulfill stringent industry prerequisites. The current concerns over the spread of coronavirus have created a varying demand for hybrid additive manufacturing machines depending on the end-use industries.
Aerospace and automotive industries lead the way for hybrid manufacturing technology as these industries characteristically have one-off or small batches of highly complex parts undergoing frequent iterations.
However, manufacturing industries such as aerospace, automotive, and metal and mining industries are the worst-hit sectors due to the pandemic. Therefore, new investments will remain considerably low for the next 2 years, which in turn is expected to have a depressing impact on the demand for hybrid additive manufacturing machines from these industries.
Nonetheless, hybrid additive manufacturing may possibly turn into a viable solution for manufacturing various medical products such as headring aids, prosthetics, dental implants, and several patient-specific implants over the upcoming years. Apart from that, supply chain disruptions are also likely to be witnessed as the manufacturing units have stopped their production. In addition, and labor unavailability is also going to be a challenge for the manufacturers until COVID 19 crisis sideways. But, by 2022 the market is expected to gain constancy due to opportunities in consumer discretionary and healthcare sectors.
Moreover, rapid industrialization and growing demand for effective manufacturing will remain the key driving factors for the growth of the hybrid additive manufacturing machine market. In addition, growing investments in hybrid processes for intellectual production results and to gain effective performance and productivity is anticipated to propel the demand of the hybrid additive manufacturing machines. These production processes are also gaining high demand due to the provision of CNC and release minimum chemical & hazardous pollutants which results in a reduction in the carbon footprint.
Additionally, increasing the adoption of automation and robotic operations by many manufacturing industries will also aid the growth of the market. However, high initial investments and implementation costs associated with the equipment are very likely to hamper the demand for hybrid additive manufacturing machines. Furthermore, rising demand from the healthcare industry will escalate the demand for hybrid additive manufacturing machines in the forecast period.
North America Held the Largest Share
Geographically, North America held the largest share in the hybrid additive manufacturing machine market in 2019. The US is the key revenue generator in the North America hybrid additive manufacturing machine market due to the presence of several major players in this region.
Additionally, the high consumption of hybrid 3D printing machines across all manufacturing industries contributed to the high demand for hybrid additive manufacturing machines in the North American market. However, Asia Pacific is anticipated to witness rapid growth in the market owing to rapid industrialization in the region.
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Report on the Global Hybrid Additive Manufacturing Machine Market Covers Segments such as Product, Application, and End-Use
On the basis of product, the sub-markets include non-material forming, biomaterial forming, and metal forming. On the basis of application, the sub-markets include production, prototype, and repair. On the basis of end-use, the sub-markets include aerospace & defense, energy & power, electronics, medical, automotive, and others.
The report provides profiles of the companies in the market such as DMG MORI Co., Ltd., Mazak Corporation, Matsuura Machinery Corporation, Optomec Inc., SLM SOLUTIONS GROUP AG, Stratasys Ltd, voxeljet AG, Siemens AG, Okuma America Corporation, and Biomedical Modeling, Inc.
Browse Detailed TOC, Description, and Companies Mentioned in Report @ https://www.infiniumglobalresearch.com/industry-automation/global-hybrid-additive-manufacturing-machine-market
Reasons to Buy this Report:
- Comprehensive analysis of global as well as regional markets of the Hybrid Additive Manufacturing Machine.
- Complete coverage of all the product type and application segments to analyze the trends, developments, and forecast of market size up to 2026.
- Comprehensive analysis of the companies operating in this market.
- The company profile includes analysis of product portfolio, revenue, SWOT analysis, and the latest developments of the company.
- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand, and/or diversify.