Additive manufacturing is the method of connecting materials to create objects from 3D model data, layer upon layer, as opposite to subtractive manufacturing methods. This is also called as are additive processes, additive fabrication, additive techniques, layer manufacturing, additive layer manufacturing, as well as freeform fabrication. The primary applications include design/modeling, fit & function prototyping, and direct part production. Globally, additive manufacturing is changing the way organizations design & manufacture products. With correct usage, it can save impressive amounts of time & money. For companies, additive manufacturing can help trim weeks, even months, of design, prototyping, & manufacturing time, while sidestepping costly errors and enhancing product quality.
This growth is primarily driven by New & Developed Technologies to Drive Product Customization, High Demand for Lightweight Construction in Automotive & Aerospace Industries and Rapid Product Development at a Low Cost.
Globally, a noticeable market trend is evident Increasing use of 3D Printing in Aerospace industry. The Machinery & Equipment sector in the North America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Manufacturers, such as 3D Systems Corporation (United States), Stratasys Ltd. (United States), The ExOne Company (United States), Arcam AB (Sweden), EOS GmbH (Germany), Ultimaker B.V. (The Netherlands), Höganäs AB (Sweden), Materialise NV (Belgium), Norsk Titanium AS (Norway) and Envisiontec GmbH (Germany) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Currently, in additive manufacturing, many innovations in materials are going on. Materials are being developed that are gradually complex. Nano-composites, for instance, which are plastic materials containing nanometric particles, offer better mechanical properties, heat resistance & permeability to gas. New bio-composites are also being developed. These materials are made of bio-based components and have a lower environmental impact than synthetic polymers. Other new materials present new features, including fireproofing. These innovations are likely to boost the market growth over near future.
- New & Developed Technologies to Drive Product Customization
- High Demand for Lightweight Construction in Automotive & Aerospace Industries
- Rapid Product Development at a Low Cost
- Increasing use of 3D Printing in Aerospace industry
- Intellectual Property Protection Concerns
- Restricted Raw Material Types
Rising Use of Additive Manufacturing in many industries and Growing opportunities from untapped markets
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Manufacturers landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Additive Manufacturing Study Sheds Light on
The Additive Manufacturing Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Additive Manufacturing industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Additive Manufacturing industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.