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The Global Additive Manufacturing Market is expected to rise from its initial estimated value of USD 3.99 billion in 2018 to an estimated value of USD 11.56 billion by 2026 registering a CAGR of 14.20% in the forecast period of 2019-2026. This rise in the market can be attributed to the rising occurrence of structural heart diseases and technological developments in the industry.
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Global Additive Manufacturing Market By Technology (Powder Bed Fusion, Directed Energy Deposition, Binder Jetting, Sheet Lamination), Materials (Homogeneous Materials, Heterogeneous Materials), Material Type (Plastic, Metal alloy, Rubber, Others), Products (Surgical Equipment, Prosthetics & Implants, Tissue Engineering), End-Users (Automotive Manufacturing, Consumer Products, Government/Military, Architecture, Healthcare, Academic Institutions, Dental, Others), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends & Forecast to 2026
The global additive manufacturing market is highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of additive manufacturing market for global, Europe, North America, Asia Pacific and South America.
Major Market Competitors: Global Additive Manufacturing Market
Some of the major players operating in global additive manufacturing market are 3D Systems, Inc., 3T RPD Ltd., Arcam AB, Biomedical Modeling Inc., ENVISIONTEC, INC., fcubic ab, EOS Systems, Integer Holdings Corporation, GPI Prototype & Manufacturing Services, Surgival, SLM Solutions, Xilloc Medical, Dentsply Sirona, Renishaw plc, Stratasys Ltd., and Morris Technology, Materialise, Lima Corporate among others.
Additive manufacturing is also called as 3D (three dimensional) printing, and it is utilized for the creation of 3D objects. The 3-D object is created using computer, to create the object, additive processes are used. The 3D objects can be modified as per the industry requirement. The numerous industries which include 3-D object are healthcare, automotive, education, government, research, defense, aerospace, consumer products and industrial.
Major Market Drivers:
- New & upgraded technologies
- Fast product development at a low cost
- Regulatory Hurdles in Many Countries
- Rising of Global Additives Manufacturing Market
- Developing research & development
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By technology:- Powder bed fusion, directed energy deposition, binder jetting, and sheet lamination.
On the basis of materials:- Homogeneous materials, and heterogeneous materials.
Homogeneous materials sub-segment:- Polymers, metals, ceramics, and natural materials.
Heterogeneous materials further sub-segment:- Polymeric matrix, metallic matrix, and multiple materials.
On the basis of products:- Surgical equipment, prosthetics & implants, and tissue engineering.
On the basis of end-users:- Automotive manufacturing, consumer products, government/military, architecture, healthcare, academic institutions, dental, and others.
On the basis of geography:- Global additive manufacturing market report covers data points for 28 countries across multiple geographies such as North America & South America, Europe, Asia-Pacific, and Middle East & Africa.
In 2017, North America is expected to dominate the market.
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