AdditiveManufacturing Market Overview 2022 – 2028:
Global AdditiveManufacturing Market is anticipated to witness substantial growthfor the forecast period 2022 - 2028. The report commences with few essential
statistics like market share, market size, and CAGR for the forecast period for
the buyers to plan few strategies and achieve better return on investment. Key
driving factors, restraints, and opportunities are mentioned that depicts
better picture of the market to the operating players. The report also
comprises various policies laid down by government that will help companies,
marketers, and business owners to modify current plans and find better solutions
to the existing threats. In order to provide improved services to customers and
end users, the report states previous customers’ buying behavior and compares
it with current buying behavior for identifying the difference and fill the gap
with the delivery of services without compromising on other factors.
Scope of the report:
Businesseswill therefore be able to expand their global reach and explore opportunities
in areas with high demand for low coat labor. Low labor cost in the emerging
economies of Asia Pacific is an opportunity for market players to open
manufacturing units and deliver numerous services and product offerings. In
this way, the existing market players can increase their produce portfolio and
expand their market presence. Nevertheless, key initiatives undertaken by
market players for growth and expansion are mentioned. List of competitors is
also noted for planning and analysis of enriched marketing strategies and
become a leader in the market.
Additive Manufacturing Market By Material Type:
· Metals
· Thermoplastics
· Ceramics
· Others
Additive Manufacturing Market By End User:
· Aerospace
· Medical
· AM Services
· Automotive
· Construction
· Others
AdditiveManufacturing Market By GeographicalRegion:
North America, Europe, Latin America, Asia Pacific,and Middle East & Africa. - Industry Trends and Forecasts to 2028.
Market Competitors:
Some of the players profiled in the Additive Manufacturing Market comprise StratasysInc., Greatbarch Inc., Biomedical Modeling, Inc, Eos GmbH Electro Optical Systems, EnvisiontecGmbh, Arcam AB, ExOne. These players are increasingly adopting growth strategies,
such as partnerships, joint venture, collaborations, acquisitions, mergers, and
more for strengthening market presence, increasing product portfolio, and
creating brand image in the minds of end users.
Market Definition:
AdditiveManufacturing Known as 3D printing, it is a revolutionary industrial
manufacturing method that can produce thicker, lighter and more complex machine
parts. Technology can be seen as a transformation from analog to digital
processes. For example, OEMs such as Airbus have recently used 3D printing
technology to print spare parts on an old American aircraft. Airlines that are
expected to be a fleet of Airbus A320s with existing engine (A320ceo). The
global additive manufacturing market is worth $ 10.381 million in 2021 and is
expected to grow by 22.8% over the forecast period in the period 2022-2028. The
successful implementation of the project gained the confidence of the
manufacturers that they will continue to use the additive technology for
further industrial use.
Market Drivers:
· Rise in global demand for the requirement ofless expensive, more durable, stabilized, precise products is driving the
demand for additive manufacturing
· Expanding aerospace industry and risingutilization of various metals in additive manufacturing are driving the market
Market Restraints:
· Limited availability and high material cost isa major factor hampering the market growth
Competitive Analysis:
The Additive Manufacturing Market is segregated on the basis of producttype, end user, and geography. The players are increasingly adopting growth
strategies, such as mergers and acquisition, partnership, collaboration,
takeovers, new product launches, technological advancements in the existing
technologies, and more. Along with the growing population worldwide, the
manufacturing and construction companies are focusing on introducing new efficient
products, which will reduce waste, contribute towards eco-friendly nature, and
increase production capacity.
