Additive manufacturing market was valued at US$3.520 billion in 2017 and is projected to expand at a CAGR of 14.58% over the forecast period to reach US$7.964 billion by 2023. Additive manufacturing is a process to create end-use parts automatically. Unlike conventional manufacturing process which involves cutting, stamping, and moulding among others, additive manufacturing involves joining of different sub-parts to build the final product. The use of additive manufacturing has been growing across different industries substantially over the past few years owing to the rising awareness about the technology to reduce manufacturing lead times. Rising investments in research and development activities has aided in higher number of collaborations between universities and manufacturers’ R&D centers, and in turn contributing to the additive manufacturing market gowth. However, factors such as lack of industry-specific testing procedures and high production cost restrains the adoption of these solutions to an extent. Geographically, APAC will witness a significant CAGR during the forecast period owing to the growing automotive and healthcare industry in the region.
This research study examines the current market trends related to the demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical regions. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.
Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study have been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases and journals among others have been taken into consideration while conducting the secondary research. Both bottom-up and top down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the additive manufacturing value chain. Last step involves complete market engineering which includes analyzing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting.
Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining faster and efficient understanding of the additive manufacturing market.
Major industry players profiled as part of the report are General Electric, DSM, EOS, ExOne, and Optomec among others.
Additive manufacturing market has been analyzed through following segments:
? By Material Type
? By Industry Vertical
- ·Aerospace and Defense
? By Geography
- ·North America
- ·South America
- ·Middle East and Africa
? Saudi Arabia