Additive Manufacturing Market: What are the main applications and challenges? www.reportsanddata.com
Market Summary The global Additive Manufacturing Market size was valued at USD 8.35 billion in 2019 and is forecast to reach USD 23.75 billion, exhibiting a growth rate of 14.4% through 2027. The market growth is driven by surging demand for 3D printing technology or additive manufacturing from the healthcare, automotive, and consumer electronics industries. Some of the key advantages of additive manufacturing are lower resource requirement, flexible design, faster production cycle, and sizeable savings on tooling over traditional manufacturing technologies like Computer Numerical Control (CNC) machining, vacuum casting, and injection molding. The 3D printing market is finally moving into the production phase after more than 25 years of development. Increased government support in the form of funding is offering a strong impetus to the additive manufacturing industry. For instance, one of the leading national programs in the United States, called America Makes, has been exclusively committed to research in 3D printing and additive manufacturing technology. The program has been supported by a USD 90 million financing from the regional government, non-benefit divisions, and other businesses. www.reportsanddata.com To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/additive-manufacturing-market
Market Summary Further key findings from the report suggest On the basis of material, the thermoplastics and metal segment accounted for a revenue share of USD 3.4 billion and USD 3.7 billion, respectively, in 2018. In the regional landscape, the developed regions such as the United States and the countries in Western Europe are anticipated to be the key-revenue generating avenues for the market. The presence of various industry giants in the region, including Mercedes, Volkswagen, Airbus, Boeing, and others, will also stimulate industry expansion. North America accounted for 43% of the market revenue share in 2018 and is projected to garner massive gains over the forecast period. www.reportsanddata.com The APAC region is poised to grow at a CAGR of 18% through 2027 due to an untapped market with a large consumer base and rising disposable incomes. Key players in the global additive manufacturing market are 3D Systems Inc., EnvisionTEC, General Electric, Mcor Technologies Ltd., Stratasys Ltd, Optomec Inc., EOS GmbH, MakerBot Industries, LLC, and The ExOne Company, among others.
Market Summary For the purpose of the study, Reports and Data has segmented the global Additive Manufacturing market on the basis of type & sub-types of materials, process, end-use, and region: Metal Type (Revenue, USD Million; 2017-2027) Titanium Stainless Steel High Performance Alloys Aluminum Precious Metals Others www.reportsanddata.com Polymer Type (Revenue, USD Million; 2017-2027) Acrylonitrile Butadiene Styrene (ABS) Polylactic Acid (PLA) Polycarbonate (PC) Polyvinyl Alcohol (PVA) Others Request Free Sample: https://www.reportsanddata.com/sample-enquiry-form/1184
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