Additive Manufacturing Market Worth,Revenue,Company Profile, Key Trend Analysis

Posted by meera on September 3rd, 2021

The Global Additive Manufacturing Market report, published by Reports and Data, delivers several key insights into the Additive Manufacturing market, offering a competitive advantage to our clients.

The global Additive Manufacturing Market is expected to reach USD 23.33 billion by 2026, growing at a high rate of 14.4%, according to a new report by Reports and Data. Increasing government support to enhance additive manufacturing technology across various regions is a key factor influencing market demand. For instance: America Makes, the leading national program in the US, that has been exclusively committed for research in additive manufacturing (3D printing technology), was supported by a USD 90 million financing from the government and business and non-benefit divisions.

Additive manufacturing has several advantages such as lower resource requirement, faster production cycle, flexible design, and substantial savings on tooling over traditional manufacturing technologies such as injection molding, Computer Numerical Control (CNC) machining, and vacuum casting. After more than 25 years of development, the market is finally moving into the production phase. Over the forecasted period, businesses alongside the price chain in a variety of industries are now trying hard to capitalize on this fast-paced market. Different metals such as titanium, steel, nickel, aluminum, and cobalt alloys which have various properties are used to make high-performance parts, specifically in the aerospace industry.

Growth Prospects:

The packaging sector has been attempting to gain momentum in the past couple of years on the back of the massive boom of the e-commerce industry. The market growth will be credited to the e-commerce transport and shipment, personal care, household, food and beverage, and healthcare sectors for convenience packaging.

These aspects have pushed leading players to dedicate their resources towards new packaging designs or to reinvent existing packaging designs to accommodate higher convenience and manageability, which will drive the global Additive Manufacturing market growth. The vintage packaging sector is also experiencing high demand, and even though it targets a limited consumer base, it is expected to grow at a rapid pace in the coming years.

Major Regions covered in the report:

  • North America (U.S.A., Canada, Mexico)
  • Europe (U.K., Italy, Germany, France, Rest of Europe)
  • Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
  • Latin America (Chile, Brazil, Argentina, Rest of Latin America)
  • Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Types:

  • Metals
  • Thermoplastics
  • Ceramics
  • Others

End-Use:

  • Aerospace
  • Medical
  • Manufacturing
  • Automotive
  • Construction
  • Others

Leading Companies Profiled in the Report:

3D Systems Inc., General Electric, EnvisionTEC, Mcor Technologies Ltd., Optomec Inc., Stratasys Ltd, EOS GmbH, The ExOne Company and MakerBot Industries, LLC.

Reasons for Purchasing the Global Additive Manufacturing Market Report:

  1. The report gives a detailed description of different market elements and the changing competitive landscape, helping the reader gain a competitive edge.
  2. It also takes a holistic approach to give a 360° view of the industry, listing the drivers and restraints existing in the market.
  3. The Global Additive Manufacturing Market intelligence report offers accurate market insights for a period of eight years, which have been derived after an in-depth evaluation of industry-wide data.
  4. The data provided in the report is intended to help readers make business decisions to capitalize on the existing opportunities in the key market segments and sub-segments.

About Us:

Our in-house experts assist our clients with advice based on their proficiency in the market that helps them in creating a compendious database for the clients. Our team offers expert insights to clients to guide them through their business ventures. We put in rigorous efforts to keep our clientele satisfied and focus on fulfilling their demands to make sure that the end-product is what they desire. We excel in diverse fields of the market and with our services extending to competitive analysis, research and development analysis, and demand estimation among others, we can help you invest your funds in the most beneficial areas for research and development.

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meera

About the Author

meera
Joined: April 2nd, 2021
Articles Posted: 232

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