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Additive Manufacturing Market: Global Industry Analysis by 2023

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The global additive manufacturing market is driven by new and improved technologies and ease of development of custom products. The additive manufacturing markets can be segmented on the basis of materials into homogeneous materials and heterogeneou
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Additive Manufacturing Market: Global
Industry Analysis, Size, Share, Growth,
Trends and Forecast 2016 - 2023
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REPORT DESCRIPTION
Transparency Market Research Reports incorporated a definite business overview and investigation inclines on “Additive
Manufacturing Market: Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2023” This report
likewise incorporates more illumination about fundamental review of the business including definitions, requisitions and
worldwide business sector industry structure.
The global additive manufacturing market is driven by new and improved technologies and ease of development of custom
products. The additive manufacturing markets can be segmented on the basis of materials into homogeneous materials and
heterogeneous materials. Homogeneous materials are further segmented into natural materials, metals, polymers and
ceramics. Heterogeneous material is further sub segmented into multiple materials, polymeric matrix and metallic matrix. In
addition, the additive manufacturing market is segmented on the basis of industry type such as business machine, motor
vehicles, medical industry, consumer products, academics, government and others. Based on medical industry, additive
manufacturing is used in making end-products such as prosthetics & implants, scaffolds and surgical equipment. The additive
manufacturing market is growing due to the increasing incidence of surgeries. Amongst medical industry, surgical equipment
account for the largest market share due to their wide applicability.
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Some of the major driving forces for this market include ease of development of custom products and financial support from
government for additive manufacturing. In addition, rapid product development at a low cost is the key factor to improve the
demand for additive manufacturing globally. Moreover, increasing global additive manufacturing market is expected to boost the
demand for additive manufacturing in the global market.
Participation of small companies in additive manufacturing is anticipated to provide growth opportunity to the additive
manufacturing market. Moreover, positive growth due to mergers and acquisitions by many companies in developing nations
such as India, Brazil and Thailand among others are expected to act as an opportunity for the additive manufacturing market
globally. In addition, emerging research and development primarily in countries such as U.K., Germany and U.S. among others is
the other factor acting as an opportunity for the global additive manufacturing market.
Europe is the most attractive market for additive manufacturing market globally followed by North America, Asia Pacific and
RoW. Rising investment by different international companies in additive manufacturing is driving the additive manufacturing
market in the region. This is anticipated to boost the additive manufacturing market during the estimate period of 2015 – 2021.
In terms of revenue, Europe is anticipated to witness high growth in the forecast period of 2015 – 2021 due to increasing income
level and low cost of additive manufacturing. North America is the second largest market for additive manufacturing followed by
Asia Pacific and Rest of the World. In Asia Pacific, China holds the leading position followed by India. Leading industries are
focusing on expansion of businesses across region and setting up new plants for increasing their production capacity. In
addition, adoption of new technologies in the medical field is helping additive manufacturing market to experience robust
growth in developing nations among patients and physicians.
The increasing demand for functional food in developing countries such as India among others is anticipated to broaden options
for different manufacturing companies as new entrants in the additive manufacturing market. This is estimated to drive the
market of additive manufacturing in Asia Pacific during the forecast period. In addition, leading industries are focusing on
expansion of businesses across region and setting up new plants for increasing their production capacity. The increasing
demand for Additive Manufacturing is attracting the global players to include additive manufacturing in their product offerings.
The manufacturing companies are focusing to expand their business in the untapped markets of Latin America.
The global additive manufacturing market is fragmented with the presence of large number of small. However, there is presence
of some large corporations in this market. Some of the major companies operating in additive manufacturing market
are Arcam AB, Stratasys Inc., Greatbarch Inc., Biomedical Modeling, Inc., Eos GmbH Electro Optical Systems, Envisiontec Gmbh,
GPI Prototype and Manufacturing Services, Inc., Morries Technologies Inc.,Sirona Dental System and SLM Solutions GmbH among
others.
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The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned
analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The
report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and
market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and
mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment
over the forecast period.
Highlights of the report:
•
A complete backdrop analysis, which includes an assessment of the parent market
•
Important changes in market dynamics
•
Market segmentation up to the second or third level
•
Historical, current, and projected size of the market from the standpoint of both value and volume
•
Reporting and evaluation of recent industry developments
•
Market shares and strategies of key players
•
Emerging niche segments and regional markets
•
An objective assessment of the trajectory of the market
•
Recommendations to companies for strengthening their foothold in the market
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