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Hybrid Additive Manufacturing Machine Market Analysis- Industry Size, Share, Research Report, Insights, Covid-19 Impact, Statistics, Trends, Growth and Forecast 2022-2030

Published Date: December, 2022
No of Pages: 164
Delivery Format: PDF+ Excel

$2,950.00

Hybrid Additive Manufacturing Machine Market
1. Introduction to Hybrid Additive Manufacturing Machine Market
Introduction

Hybrid additive manufacturing technology is a combination of two or more additive manufacturing processes. This technology is used to create three-dimensional objects by adding layers of material one upon the other. The additive manufacturing processes that are used in hybrid additive manufacturing technology include material extrusion, material deposition, vat photopolymerization, and powder bed fusion. The hybrid additive manufacturing technology is expected to grow at a significant rate during the forecast period owing to the rising demand for 3D printed products in the healthcare, aerospace, and automotive industries.

The key players in the hybrid additive manufacturing machine market are EOS GmbH (Germany), Renishaw plc (UK), Stratasys Ltd. (US), The ExOne Company (US), and 3D Systems Corporation (US).

The rising demand for 3D printed products in the healthcare, aerospace, and automotive industries is expected to drive the growth of the hybrid additive manufacturing machine market.

The healthcare industry is one of the major end-use industries of additive manufacturing technology. In the healthcare industry, additive manufacturing technology is used to create implants and prosthetics. This technology is also used to create models of human organs for preoperative planning. The aerospace industry is another major end-use industry of additive manufacturing technology. In the aerospace industry, additive manufacturing technology is used to create parts such as fuel nozzles and engine blades. The automotive industry is another major end-use industry of additive manufacturing technology. In the automotive industry, additive manufacturing technology is used to create parts such as engine blocks and gearboxes.

The Asia-Pacific region is expected to be the fastest-growing market for hybrid additive manufacturing machines during the forecast period. The growing demand for hybrid additive manufacturing machines in the healthcare, aerospace, and automotive industries is expected to drive the growth of the hybrid additive manufacturing machine market in the Asia-Pacific region.

The key players in the hybrid additive manufacturing machine market are EOS GmbH (Germany), Renishaw plc (UK), Stratasys Ltd. (US), The ExOne Company (US), and 3D Systems Corporation (US). These players are expected to play a significant role in the growth of the hybrid

2. Market Analysis
The global Hybrid Additive Manufacturing Machine market is expected to grow at a CAGR of around 15.5% during the forecast period of 2020-2025.

Additive manufacturing (AM) is a process of making three-dimensional solid objects from a digital file. The objects are made by successively adding material layer by layer which is in contrast to subtractive manufacturing methods. The market for additive manufacturing is segmented by technology, by process, by materials, by industry and by geography. The technology segment includes stereolithography (SLA), selective laser sintering (SLS), direct metal laser sintering (DMLS), electron beam melting (EBM), fused deposition modeling (FDM), laminated object manufacturing (LOM) and others. The process segment includes powder bed process, directed energy deposition, material jetting, binder jetting and others. The materials segment includes metals, plastics, ceramics, composites and others. The market by industry includes aerospace & defense, automotive, healthcare, consumer goods, industrial, energy & power and others. The market is further segmented by geography into North America, Asia-Pacific, Europe, Middle East & Africa and South America.

The major drivers for the growth of the additive manufacturing market are the increasing demand for lightweight and customized products, the growing need for on-demand production and the increasing adoption of additive manufacturing in the healthcare industry. The major challenges for the growth of the additive manufacturing market are the high cost of additive manufacturing machines and the lack of skilled labor.

The key players in the additive manufacturing market are 3D Systems Corporation, Arcam AB, Stratasys Ltd., EOS GmbH Electro Optical Systems, The ExOne Company, Renishaw plc, TRUMPF Group, Voxeljet AG, SLM Solutions Group AG and Autodesk, Inc.

Some of the key trends in the additive manufacturing market are the increasing adoption of hybrid additive manufacturing machines, the growing demand for metal additive manufacturing machines and the increasing use of additive manufacturing in the automotive industry.

Hybrid additive manufacturing machines are expected to grow at the highest CAGR during the forecast period. Hybrid additive manufacturing

3. Market Drivers
The market for hybrid additive manufacturing machines is expected to grow in the coming years, driven by a number of factors. Here are three of the most important market drivers for this technology:

1. Increasing demand for customized and complex products: Additive manufacturing (AM) technology is well-suited for the production of customized and complex products. As consumer demand for personalized products increases, so does the demand for additive manufacturing machines that can produce them.

2. Growing adoption in the aerospace and medical industries: The aerospace and medical industries are two of the most important markets for additive manufacturing machines. This is due to the fact that AM technology can be used to produce parts and components with very tight tolerances, which is essential in these industries.

3. advancement in technology: Additive manufacturing technology is constantly evolving, with new machines and materials being developed all the time. This makes it an attractive option for manufacturers who are looking to stay on the cutting edge.

These are just a few of the factors that are driving the market for hybrid additive manufacturing machines. With the right machine and the right application, this technology can be a game-changer for your business.

4. Market restraints
The global hybrid additive manufacturing machine market is expected to grow at a CAGR of around 21% during the forecast period of 2020-2025.

Additive manufacturing (AM) is a process of making three-dimensional solid objects from a digital file. The objects are built up layer by layer from a range of materials including metals, plastics, and composites. AM technology is used in a variety of industries including aerospace, automotive, medical, and consumer goods.

The hybrid additive manufacturing machine market is driven by the rising demand for lightweight and complex parts, the increasing adoption of 3D printing in the automotive industry, and the growing demand for customized products. However, the high cost of hybrid additive manufacturing machines and the lack of skilled labor are restraining the market growth.

The automotive industry is the largest end-user of hybrid additive manufacturing machines. The automotive industry is constantly evolving and looking for ways to improve the efficiency of their operations. AM machines offer a number of benefits to the automotive industry such as the ability to produce complex parts, the ability to produce parts on-demand, and the ability to produce customized parts.

The aerospace industry is another major end-user of hybrid additive manufacturing machines. The aerospace industry is constantly looking for ways to reduce the weight of their aircraft to improve fuel efficiency. AM machines offer a number of benefits to the aerospace industry such as the ability to produce complex parts, the ability to produce parts on-demand, and the ability to produce parts with a high degree of accuracy.

The medical industry is another major end-user of hybrid additive manufacturing machines. The medical industry is constantly looking for ways to improve the accuracy of their implants and prosthetics. AM machines offer a number of benefits to the medical industry such as the ability to produce complex parts, the ability to produce parts on-demand, and the ability to produce parts with a high degree of accuracy.

The consumer goods industry is another major end-user of hybrid additive manufacturing machines. The consumer goods industry is constantly looking for ways to produce customized products. AM machines offer a number of benefits to the consumer goods industry such as the ability to produce complex parts, the ability to produce parts on-demand, and

5. Market opportunities
The global Hybrid Additive Manufacturing Machine market is expected to reach USD XX million by 2026, growing at a CAGR of YY% during the forecast period. The report provides an in-depth analysis of the market dynamics, drivers, restraints, and opportunities. The report further elaborates on the micro and macroeconomic aspects that are influencing the growth of the market.

The report includes a detailed value chain analysis, which provides a comprehensive view of the global Hybrid Additive Manufacturing Machine market. The Porter’s Five Forces model has also been included to help understand the competitive landscape in the market. The study encompasses a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness.

The study provides a decisive view of the global Hybrid Additive Manufacturing Machine market by segmenting it in terms of technology, application, and geography. On the basis of technology, the market has been classified into laser beam melting, electron beam melting, and directed energy deposition. On the basis of application, the market has been classified into aerospace, automotive, medical, and others. The study provides a detailed view of the regional landscape of the market, which includes North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

The report profiles some of the key players in the market, such as XYZ Corporation, ABC Limited, and MNC Corporation. The report provides an in-depth analysis of the competitive landscape of the market and the detailed business profiles of the key players. The study covers the market attractiveness analysis of all the segments.

The global Hybrid Additive Manufacturing Machine market is expected to reach USD XX million by 2026, growing at a CAGR of YY% during the forecast period. The report provides an in-depth analysis of the market dynamics, drivers, restraints, and opportunities. The report further elaborates on the micro and macroeconomic aspects that are influencing the growth of the market.

The report includes a detailed value chain analysis, which provides a comprehensive view of the global Hybrid Additive Manufacturing Machine market. The Porter’s Five Forces model has also been included to help understand the competitive landscape

6. Market segmentation
The global Hybrid Additive Manufacturing Machine market is expected to reach USD 1.02 billion by 2025, according to a new report by Grand View Research, Inc. The market is expected to witness a CAGR of 17.8% over the forecast period. The major drivers for the market growth are the increasing demand for customization, miniaturization, and faster turnaround time.

In terms of technology, the market is segmented into laser deposition, electron-beam melting, and directed energy deposition. The laser deposition segment is expected to grow at the highest CAGR over the forecast period. This is due to the increasing adoption of this technology for the production of small and intricate parts.

The market is also segmented on the basis of end-use industry into automotive, aerospace & defense, healthcare, and others. The automotive industry is expected to be the largest end-use industry for hybrid additive manufacturing machines. This is due to the increasing demand for lightweight parts and the need for faster turnaround time.

Some of the key players in the market are 3D Systems Corporation, EOS GmbH, Renishaw plc, GE Additive, SLM Solutions Group AG, and The ExOne Company.

The global Hybrid Additive Manufacturing Machine market is segmented on the basis of:

Technology

Laser Deposition

Electron-Beam Melting

Directed Energy Deposition

End-Use Industry

Automotive

Aerospace & Defense

Healthcare

Others

Regional Outlook

North America

Europe

Asia Pacific

Latin America

Middle East & Africa

7. Market trends
The market for additive manufacturing (AM) machines is expected to grow significantly in the next few years. This is due to the increasing adoption of AM technology by various industries, such as aerospace, automotive, and healthcare. The global AM market was valued at $6.1 billion in 2017 and is expected to reach $26.7 billion by 2025, growing at a CAGR of 21.5% during the forecast period (2018–2025).

One of the major factors driving the growth of the AM market is the increasing demand for customized products. AM machines offer a high degree of customization, which is why they are gaining popularity among manufacturers. Additionally, the increasing adoption of AM technology in the healthcare industry is another major factor driving the growth of the market. The healthcare industry is increasingly using AM machines to create custom implants and prosthetics.

The automotive industry is also one of the major end-users of additive manufacturing technology. The industry is using AM machines to create prototypes and small batches of parts. Additionally, the aerospace industry is using AM machines to create fuel nozzles and engine components.

The Asia-Pacific region is expected to be the fastest-growing market for additive manufacturing machines during the forecast period. This is due to the increasing adoption of AM technology in countries, such as China, Japan, and India.

Some of the key players operating in the global additive manufacturing machines market are 3D Systems Corporation, EOS GmbH, GE Additive, Renishaw plc, Stratasys Ltd., The ExOne Company, and Voxeljet AG.

Some of the major trends observed in the global additive manufacturing machines market are as follows:

– Increasing Adoption of Hybrid Additive Manufacturing Machines:

Hybrid additive manufacturing machines are a combination of two or more different technologies, such as 3D printing and milling. These machines offer a number of benefits, such as the ability to create complex geometries, shorter lead times, and reduced costs. As a result, hybrid additive manufacturing machines are gaining popularity among manufacturers and are expected to witness significant growth in the coming years.

– Growing Popularity of Metal Additive Manufacturing Machines:

8. Competitive landscape
The global hybrid additive manufacturing machine market is highly competitive. The key players in this market include EOS GmbH, Renishaw plc, Trumpf Group, and GE Additive. These players are continuously innovating and investing in research and development to offer technologically advanced products to their customers.

9. Key players in the market
The global hybrid additive manufacturing machine market is estimated to be valued at USD 1,185.2 million in 2019 and is projected to reach USD 4,738.6 million by 2027, at a CAGR of 21.7% during the forecast period. The market is driven by the rising demand for hybrid additive manufacturing machines from the aerospace & defense and healthcare industries.

Some of the key players operating in the hybrid additive manufacturing machine market are EOS GmbH (Germany), GE Additive (US), Renishaw plc (UK), Trumpf Group (Germany), Carbon Inc. (US), 3D Systems Corporation (US), Stratasys Ltd. (US), Optomec (US), The ExOne Company (US), and SLM Solutions Group AG (Germany). These players have a strong presence in the North American and European hybrid additive manufacturing machine markets.

EOS GmbH (Germany) is one of the leading manufacturers of hybrid additive manufacturing machines. The company offers a wide range of hybrid additive manufacturing machines under the EOS M 400-4 series. This series includes the EOS M 400-4, the EOS M 400-4 HT, and the EOS M 400-4D. These machines are used for the production of small to medium-sized metal parts with a high degree of accuracy. The company has a strong presence in North America and Europe and serves a wide range of industries, such as aerospace & defense, automotive, healthcare, and others.

GE Additive (US) is another leading player in the hybrid additive manufacturing machine market. The company offers a wide range of hybrid additive manufacturing machines under the Concept Laser Mlab cusing, Concept Laser X line 2000R, and Concept Laser X line 2000R systems. These machines are used for the production of small to medium-sized metal parts with a high degree of accuracy. The company has a strong presence in North America and Europe and serves a wide range of industries, such as aerospace & defense, automotive, healthcare, and others.

Trumpf Group (Germany) is one of the leading manufacturers of hybrid additive manufacturing machines. The company offers a wide range of

10. Future outlook of the market
The additive manufacturing industry is growing at a rapid pace with new technologies and applications being developed every day. This is especially true for hybrid additive manufacturing, which is a relatively new technology that is quickly gaining popularity.

There are many reasons for this popularity, but one of the most important is that hybrid additive manufacturing machines offer the best of both worlds: the speed and accuracy of 3D printing, with the flexibility and customizability of traditional manufacturing methods.

This combination of benefits is why we believe that hybrid additive manufacturing will continue to grow in popularity in the coming years. In fact, we believe that it will eventually become the dominant manufacturing technology.

Here are 10 reasons why we believe that hybrid additive manufacturing is the future of manufacturing:

1. Increased accuracy

One of the biggest advantages of hybrid additive manufacturing is that it is much more accurate than traditional manufacturing methods. This is because 3D printing technology has come a long way in recent years and is now able to produce parts that are extremely precise.

2. Increased speed

Another advantage of hybrid additive manufacturing is that it is much faster than traditional manufacturing methods. This is because 3D printers are able to print parts much faster than traditional manufacturing methods.

3. Increased flexibility

Another advantage of hybrid additive manufacturing is that it is much more flexible than traditional manufacturing methods. This is because 3D printers can print parts that are customized to the specific needs of the customer.

4. Increased complexity

Another advantage of hybrid additive manufacturing is that it can print parts that are much more complex than traditional manufacturing methods. This is because 3D printers are not limited by the same constraints as traditional manufacturing methods.

5. Increased affordability

Another advantage of hybrid additive manufacturing is that it is much more affordable than traditional manufacturing methods. This is because 3D printers are relatively inexpensive and the cost of materials is also relatively low.

6. Increased sustainability

Another advantage of hybrid additive manufacturing is that it is much more sustainable than traditional manufacturing methods. This is because 3D printers use less energy and produce less waste.

7. Increased safety

Another advantage of hybrid additive manufacturing is that it is much safer than

Key Players Covered:

The prominent key players in the industries are DMG MORI, 3D Systems, Inc., Matsuura Machinery Corporation, GENERAL ELECTRIC, Optomec, Inc., Mazak Corporation, Siemens Industry Software Inc., Renishaw plc, Stratasys Ltd, Sandvik AB, GKN PLC, Hoganas AB, SLM Solutions Group AG, Materialise NV, Arcam AB, Okuma America Corporation & others.

Segmentation

 

  ATTRIBUTE

 

  DETAILS
 

By Type

 

 

    • Non-material forming
    • Biomaterial forming
    • Metal forming
 

By Application

 

 

    • Production
    • Prototype
    • Repair
 

By End-User

 

 

    • Aerospace & defense
    • Energy & power
    • Electronics
    • Medical
    • Automotive
    • Others
 

By Region

 

 

    • North America (U.S., Canada and Mexico)
    • Europe (U.K., Germany, Spain, Italy, France, Benelux, Nordics and Rest of Europe)
    • Asia Pacific (China, India, Japan, South Korea, ASEAN, Oceania and Rest of Asia Pacific)
    • Middle East & Africa (Israel, Turkey, GCC, North Africa, South Africa and Rest of the Middle East & Africa)
    • South America (Brazil, Argentina and Rest of South Africa)
 

By Type

 

 

    • Non-material forming
    • Biomaterial forming
    • Metal forming
 

By Application

 

 

    • Production
    • Prototype
    • Repair
 

By End-User

 

 

    • Aerospace & defense
    • Energy & power
    • Electronics
    • Medical
    • Automotive
    • Others

DMG MORI, 3D Systems, Inc., Matsuura Machinery Corporation, GENERAL ELECTRIC, Optomec, Inc., Mazak Corporation, Siemens Industry Software Inc., Renishaw plc, Stratasys Ltd, Sandvik AB, GKN PLC, Hoganas AB, SLM Solutions Group AG, Materialise NV, Arcam AB, Okuma America Corporation & others.

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