The Global Additive Manufacturing & Materials Market was valued USD 16.07 billion in 2019 and is expected to register a CAGR of 25.7% over the forecast period (2020-2025). With rapid advancements in material compositions, such as, polymers and metals, additive manufacturing technology is evolving from being a prototyping tool to a functional part of fabrication.
The decreased prices of additive manufacturing-based machines, coupled with growing expertize and awareness, have increased the availability and demand for this technology.
The growing demand for lightweight, fast, and fuel-efficient vehicles in countries, such as, Germany, Japan, and China, have fueled the growth of the metal additive manufacturing sector.
The increased investments in the R&D of improved software and technology, coupled with the introduction of new combinations of printing materials, are expected to spur the development of new equipment and applications, thereby bolstering the growth of the additive manufacturing market.
Scope of the Report
Additive manufacturing, also known as 3D printing, is a technology which creates objects, as it offers a plethora of opportunities in production, design, and performance of novel architectural forms, construction systems, and materials.
Key Market Trends
Automotive to Hold a Significant Share
In the automotive industry, additive manufacturing is used to design components like, engines and their various components. It provides the precision and finishing needed for smaller parts for their functioning and spatial requirements.
Innovative and tool-less additive manufacturing techniques have provided a new approach to tackle the challenges faced by the automotive industries. The techniques allow for maximum design freedom, while creating complex, yet lightweight components for the industry.
Furthermore, autonomous and electric vehicles are expected to lead the automotive sector in the future. With this, 3D printed electric car will be ready for mass production as the technology has already made its way into the market.
Considering all the additive manufacturing applications, which are aimed at improving the precision and finishing of the products and the need for increasing efficiency, additive manufacturing is likely to dominate the entire market in the automotive industry during the forecast period.
North America to Hold Major Share
North America is expected to hold a major share as the adoption of 3D printing in the region has been strong, as industry and academic institutions are implementing 3D printing at a steady rate. The adoption of additive manufacturing by firms produces various economic benefits as it lowers production costs, improves production efficiency, and contributes to revenue generation of the North American organizations and businesses. However, the growing demand for additive manufacturing in emerging economies such as India, Japan and China is reflecting higher growth, due to which Asia-Pacific is expected to exhibit higher growth over the forecast period.
The additive manufacturing and materiasl market is highly competitive and consists of several major players. In terms of market share, few of the major players currently dominate the market. These major players with prominent share in the market are focusing on expanding their customer base across foreign countries. These companies are leveraging on strategic collaborative initiatives to increase their market share and increase their profitability. For instance, in Feb 2018, 3D Systems launched the FabPro 1000, a new low cost, high productivity DLP-based 3D printer designed for dental and jewelry production as well as high functionality and throughput, industrial prototyping. Further, in May 2018, ExOne launched Innovent+ metal Additive Manufacturing machine. The new machine is based on the company’s previous Innovent range and offers increased powder handling capabilities and the company’s new Ultrasonic recoater, designed to enable greater material flexibility and ease of use.
Reasons to Purchase this report:
- The market estimate (ME) sheet in Excel format
- Report customization as per the client's requirements
- 3 months of analyst support
1.1 Scope of the Study
2 RESEARCH METHODOLOGY
2.1 Study Deliverables
2.2 Study Assumptions
2.3 Analysis Methodology
2.4 Research Phases
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Industry Attractiveness Porters Five Force Analysis
4.2.1 Threat of New Entrants
4.2.2 Bargaining Power of Buyers/Consumers
4.2.3 Bargaining Power of Suppliers
4.2.4 Threat of Substitute Products
4.2.5 Intensity of Competitive Rivalry
4.3 Value Chain Analysis
4.4 Industry Policies
4.5 Introduction to Market Drivers and Restraints
4.6 Market Drivers
4.6.1 New And Improved Technologies To Drive Product Customization
4.6.2 Demand For Lightweight Construction In Automotive And Aerospace Industries
4.7 Market Restraints
4.7.1 Concerns Over Intellectual Property Protection
5 MARKET SEGMENTATION
5.1 By Technology
5.1.1 Stereo Lithography
5.1.2 Fused Deposition Modelling
5.1.3 Laser Sintering
5.1.4 Binder Jetting Printing
5.1.5 Other Technologies
5.2 By End User
5.2.1 Aerospace and Defense
5.2.5 Other End Users
5.3 By Material
5.4.1 North America
126.96.36.199 Rest of Europe
188.8.131.52 Rest of Asia-Pacific
5.4.4 Latin America
184.108.40.206 Rest of Latin America
5.4.5 Middle East and Africa
220.127.116.11 Saudi Arabia
18.104.22.168 South Africa
22.214.171.124 Rest of Middle East and Africa
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 3D Systems Corporation
6.1.2 Arcam AB
6.1.3 EnvisionTEC GmbH
6.1.4 EOS GmbH
6.1.5 Exone Company
6.1.6 Mcor Technologies Ltd
6.1.7 Materialise NV
6.1.8 Optomec Inc.
6.1.9 Stratasys Ltd
7 INVESTMENT ANALYSIS
8 MARKET OPPORTUNITIES AND FUTURE TRENDS
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.