According to the new report on ASDReports, the global additive manufacturing market excluding materials is estimated to grow at a CAGR of 20.9% from 2014 to 2020, which includes an in-depth analysis of the market bytechnology, application, and geography. The global additive manufacturing material market is estimated to grow at a CAGR of 19.3% from 2014 to 2020.
The global additive manufacturing market is expected to grow at a high CAGR; it has applications across sectors such as aerospace, automotive, consumer products, government and defense, healthcare, industrial/business machines, and education and research.Additive manufacturing makes it possible to manufacture a product of virtually any design complexity. Hence, it is very useful for producing highly customized products with high accuracy, such as a jaw implant for a patient or a critical aircraft component. It also minimizes the overall wastage of materials.
This report describes market trends, drivers, and challenges with respect to the global additive manufacturing market, and forecasts the market size from 2014 to 2020, on the basis of technologies, materials, applications, and geography. This global report gives a detailed view of the market across regions, namely–the Americas, Europe, Asia-Pacific, and RoW. The Americas dominates the market in terms of revenue generation; however, Europe has been growing at the highest CAGR in additive manufacturing market, while APAC is growing at the highest CAGR in the additive manufacturing materials market.Initiatives taken by governments of countries in theAmericas to develop thistechnology are a major reason for itsgrowth in the region.
The competitive landscape of the market presents a very interesting picture. The market is witnessing new product launches and large scale collaborations, and agreements and partnerships across the value chain, with only a handful of tier-one players around the globe.
Major players in the global additive manufacturingmarketinclude 3D Systems, Inc. (U.S.), Stratasys Ltd. (U.S.), ExOne (U.S.), Arcam AB (Sweden), EnvisionTEC (Germany), EOS (Germany), Materialise NV (Belgium), and MCor Technologies Ltd (Ireland).