DUBLIN--(BUSINESS WIRE)--The "Additive Manufacturing Market Analysis By Material Type, By Metal Type, By Polymer Type, By Ceramics Type, By Process, By End-use, And Segment Forecasts To 2027" report has been added to ResearchAndMarkets.com's offering.
The increasing adoption of additive manufacturing in the automotive and aerospace industries is projected to stimulate market demand.
The Global Additive Manufacturing Market size is expected to reach USD 23.75 billion by 2027, growing at a high rate of 14.4%
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 U.S. exclusively committed to 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 flexible design, faster production cycle, lower resource requirement, and substantial savings on tooling as compared to traditional manufacturing technologies such as Computer Numerical Control (CNC) machining, injection molding, and vacuum casting. After 25 years of development, the market has started to move into the production phase. Over the forecast period, businesses along the price chain in a variety of industries are now trying to capitalize on this fast-paced market. Different metals such as titanium, nickel, steel, aluminum, and cobalt alloys are being used to make high-performance parts, specifically for the aerospace industry.
Developed nations such as the U.S. and countries in Western Europe are projected to be chief revenue-generating regions for the additive manufacturing market and held a massive share of 73% in 2019. The presence of industry giants in the region such as Mercedes, Boeing, Airbus, and Volkswagen and the growing adoption of additive manufacturing technologies in aerospace and automotive industries for the production of small, complex, and lightweight components is anticipated to drive the regional industry growth.
Furthermore, growing emphasis by the EU Commission to reduce the overall weight of vehicles for reducing emissions is also likely to influence market growth. Advancements in metal 3D printing technology are projected to open up new horizons for lighter, safer, and cleaner products, which will create lucrative opportunities for the market.
Further key findings from the report suggest
- Additive Manufacturing materials such as Metals and Thermoplastics contributed to the largest share in the market, with revenues of USD 3.7 billion and USD 3.4 billion, respectively, in 2019.
- Stereolithography technology dominated the Additive Manufacturing market, with a value of 1.1 billion in 2019.
- The manufacturing industry is expected to benefit from the application of additive manufacturing technology over the forecast period, with an impressive 33% market share by 2027.
- The medical industry is projected to be one of the fastest-growing applications of additive manufacturing, with a projected CAGR of 16.1%. Medical equipment manufacturers use the wide scope of high-quality and biocompatible 3D printing materials to create tissues and organoids, surgical tools, patient-specific surgical models, and custom-made prosthetics.
- The North American region dominated the additive manufacturing market in 2019, with a market share of 43%. The presence of Additive Manufacturing industry giants in the region has supported the advancement of technology.
- The Asia Pacific is projected to grow at the highest rate of 18% from 2020-2027, owing to an untapped market with a large consumer base and increasing disposable income.
- Key participants include 3D Systems Inc., General Electric, EnvisionTEC, Mcor Technologies Ltd., Optomec Inc., Stratasys Ltd, EOS GmbH, The ExOne Company, and MakerBot Industries, LLC.
Key Topics Covered:
Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.4. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Indicative Metrics
3.1. Macro Indicators
3.1.1. Global top 3D Printing Technology
3.1.2. End-users that use AM for printing their own end components (by % share)
3.1.3. Application of AM 3D printing in end-users (by % Share)
3.1.4. Technologies used for AM 3D printing by end-users
Chapter 4. Additive Manufacturing Market Segmentation & Impact Analysis
4.1. Additive Manufacturing Segmentation Analysis
4.2. Industrial Outlook
4.3. Regulatory Framework
4.4. Additive Manufacturing Market Impact Analysis
4.4.1. Market driver analysis
126.96.36.199. Development of new technologies and material
188.8.131.52. Developing value chain
184.108.40.206. Government initiatives to enhance AM technology
4.4.2. Market restraint analysis
220.127.116.11. Capital intensive market
18.104.22.168. Scarcity of specialized AM materials
4.5. Key opportunities prioritized
Chapter 5. Additive Manufacturing Market By Material Type Insights & Trends
5.1. Material Type Dynamics & Market Share, 2019 & 2027
5.2.1. Market estimates and forecast, 2017 - 2027 (USD Million)
5.2.2. Market estimates and forecast, by region, 2017 - 2027 (USD Million)
Chapter 6. Additive Manufacturing Market By Metal Type Insights & Trends
6.1. Metal Type Dynamics & Market Share, 2019 & 2027
6.2.1. Market estimates and forecast, 2017 - 2027 (USD Million)
6.2.2. Market estimates and forecast, by region, 2017 - 2027 (USD Million)
6.3. Stainless Steel
6.4. High-Performance Alloys
6.6. Precious Metals
Chapter 7. Additive Manufacturing Market By Polymer Type Insights & Trends
7.1. Polymer Type Dynamics & Market Share, 2019 & 2027
7.2. Acrylonitrile Butadiene Styrene (ABS)
7.2.1. Market estimates and forecast, 2017 - 2027 (USD Million)
7.2.2. Market estimates and forecast, by region, 2017 - 2027 (USD Million)
7.3. Polylactic Acid (PLA)
7.4. Polycarbonate (PC)
7.5. Polyvinyl Alcohol (PVA)
Chapter 8. Additive Manufacturing Market By Ceramics Type Insights & Trends
8.1. Ceramics Type Dynamics & Market Share, 2019 & 2027
8.2. Silica/ Glass
8.2.1. Market estimates and forecast, 2017 - 2027 (USD Million)
8.2.2. Market estimates and forecast, by region, 2017 - 2027 (USD Million)
8.4. Silicon Carbide
Chapter 9. Additive Manufacturing Market By Process Insights & Trends
9.1. Process Dynamics & Market Share, 2019 & 2027
9.2. Computer-Aided Design
9.2.1. Market estimates and forecast, 2017 - 2027 (USD Million)
9.2.2. Market estimates and forecast, by region, 2017 - 2027 (USD Million)
9.4. Polyjet Printing
9.5. Laser Sintering
9.6. Electronic Beam Melting
9.7. Binder Jetting
9.8. Material Jetting
9.9. Fused Disposition Modelling (FDM)
9.10. Laminated Object Manufacturing (LOM)
9.11. Material Extrusion
Chapter 10. Additive Manufacturing Market By Application Insights & Trends
10.1. Application Dynamics & Market Share, 2019 & 2027
10.2.1. Market estimates and forecast, 2017 - 2027 (USD Million)
10.2.2. Market estimates and forecast, by region, 2017 - 2027 (USD Million)
Chapter 11. Additive Manufacturing Market Regional Outlook
11.1. Additive Manufacturing Market share by region, 2019 & 2027
Chapter 12. Competitive Landscape
12.1. Market Revenue Share by Manufacturers
12.2. Mergers & Acquisitions
12.3. Market positioning
12.4. Vendor Landscape
Chapter 13. Company Profiles
13.1. Company Overview
13.2. Financial Performance
13.3. Type Insights
13.4. Strategic Initiatives
- 3D Systems Inc.
- General Electric
- Mcor Technologies Ltd.
- Optomec Inc.
- Stratasys Ltd
- EOS GmbH
- The ExOne Company
For more information about this report visit https://www.researchandmarkets.com/r/ghtt4w