Hybrid Additive Manufacturing Machines Market Production, Manufacturers, Revenue Analysis, Trend & Forecast Report 2018 - 2026
The global hybrid
additive manufacturing machines market is
prophesied in a report by Transparency Market Research (TMR) to find players
putting high emphasis on development of new products to boost their brand
positioning. This could be evident with the launch of LUMEX Avance-25 by Matsuura
Machinery Corporation in 2016. Introduction of new products could also help
players to outshine their competitors in the market. Stratasys Ltd., Mazak
Corporation, and DMG MORI Co., Ltd. are some of the leading players operating
in the industry. With a view to improve their market shares, players are
expected to enter into tactical mergers and acquisitions and establish strong
partnerships.
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TMR prognosticates the global hybrid additive manufacturing
machines market to register a 21.69% CAGR between 2018 and 2026 to be worth a
US$6.75 bn by the final forecast year. In 2017, the market achieved a valuation
of US$1.16 bn. By vertical, aerospace could take a leading position in the
market while rising at a 23.67% CAGR. On the basis of geography, the market is
predicted to witness the rise of North America as a prominent region. By the
end of 2018, the region could rake in a US$0.4 bn.
Increasing Adoption across Wide Range of Industry
Verticals Bodes Well
Growth of the world hybrid additive manufacturing machines
market is foreseen to gain momentum with increasing awareness about several
advantages of the machines in different industry verticals. In the manufacture
of functional products, advantages of both computer numerical control (CNC)
milling and laser cladding are brought to the table by hybrid additive
manufacturing machines. Use of hybrid additive manufacturing machines also
helps with reduced time to market (TTM), minimized lead time, and material savings.
Although application of hybrid additive manufacturing
machines in production is not yet mainstream, it could grow at a faster pace in
the coming years. Hybrid additive manufacturing machines beat traditional
manufacturing methods in producing fully functional components that are complex
in design.
Expensive Cost of Hybrid Additive Manufacturing Machines
Weakens Demand
The international hybrid additive manufacturing machines
market is projected to enjoy the advantage of a number of positive factors to
increase demand in the foreseeable future. However, extortionate cost of hybrid
additive manufacturing machines could pull back some of the demand in the
market. Nonetheless, high use of hybrid additive manufacturing machines in the
production of various types of components is envisaged to lower their prices in
the near future.
Besides automotive, hybrid additive manufacturing machines
find application in the aerospace industry for producing robust natured and
lightweight components. Moreover, they could be used in the manufacture of
medical components and tools. In addition, prosthetic limbs for amputees,
dental fixtures, and orthopedic implants are manufactured with the use of
hybrid additive manufacturing machines. Thus, it could be said that market will
offer rewarding prospects until the end of the forecast period.
The information presented in this review is based on a TMR
report, titled “Hybrid Additive Manufacturing Machines Market (Application –
Repair, Production, and Prototype; Vertical – Heavy Industry, Automotive,
Aerospace, Medical, Energy, and Electronics) – Global Industry Analysis, Size,
Share, Growth, Trends, and Forecast 2018 – 2026.”
The global hybrid additive manufacturing machines market has
been segmented as presented below:
Global Hybrid Additive Manufacturing Machines Market by
Application
- Repair
- Production
- Prototype
Global Hybrid Additive Manufacturing Machines Market by
Vertical
- Heavy
industry
- Automotive
- Aerospace
- Medical
- Energy
- Electronics
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