Global Hybrid Additive Manufacturing Market, By Product (Non-Metal Forming, Biomaterial Forming, Metal Forming), Material (Titanium, Aluminium, Steel, Nickel), Application (Repair, Production, Prototype), Vertical (Heavy Industry, Automotive, Aerospace, Medical, Energy, Electronics) – Industry Trends and Forecast to 2029
Market Analysis and Size
The manufacturing industries are now coming up with a hybrid additive manufacturing (HAM) process to reduce the cost of manufacturing and increase the surface quality and mechanical property of the product. Growing applications of hybrid additive manufacturing in the aerospace sector are anticipated to be the main driving factor for the growth of hybrid additive manufacturing market. Aircraft parts are commonly produced using short-run manufacturing, and hybrid additive manufacturing augments the rate of production. The process also aids in producing complex components, which are lightweight and more resilient and lightweight compared with the components produced from the traditional methods.
Data Bridge Market Research analyses that the hybrid additive manufacturing market was valued at USD 94.39 billion in 2021 and is expected to reach USD 337.15 billion by 2029, registering a CAGR of 17.25 % during the forecast period of 2022 to 2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and technological advancements.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Product (Non-Metal Forming, Biomaterial Forming, Metal Forming), Material (Titanium, Aluminium, Steel, Nickel), Application (Repair, Production, Prototype), Vertical (Heavy Industry, Automotive, Aerospace, Medical, Energy, Electronics
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Equispheres (Canada), CRS Holdings, LLC. (US), Voxeljet AG (Germany), Hoganas AB (Sweden), Renishaw PLC (UK), Materialise (Belgium), 3D Systems Inc, (US), Melrose Industries PLC (UK), ExOne (US), GENERAL ELECTRIC (US), Sandvik (Sweden), Melrose Industries PLC (UK), Biomedical Modeling Inc. (US), ENVISIONTEC US LLC (US), EOS (US), Integer Holdings Corporation (US), GPI Prototype and Manufacturing Services, LLC. (US), SLM Solutions (Germany), Xilloc Medical Int B.V. (Netherlands), Dentsply Sirona (US), Stratasys Ltd. (Israel)
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Market Opportunities
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Market Definition
Hybrid additive manufacturing is a combination of subtractive additive manufacturing and additive manufacturing (AM) within the identical machine. Both processes have their significant capabilities, but when combined both of them, it opens up a whole new level of manufacturing and design. Hybrid additive manufacturing machines are used to build up a component, structure or part, with another constituent. These machines have the proficiency to repair disfigured constituents with the help of their innovative features. Also, these machines can considerably decrease the maintenance and repair costs.
Hybrid Additive Manufacturing Market Dynamics
Drivers
- Rise the demand in medical sector
The demand of hybrid additive manufacturing is rising majorly in the medical sector due to the rising incidences of surgeries, the increasing adoption of advanced technology, and rising awareness in medical technology. For example, the extensive use of surgical robots in the medical sector is giving up the automation industry, which are expected to drive the market growth of hybrid additive manufacturing.
- Increase in demand due to multiple benefits
Hybrid additive manufacturing is built on multi-axis system which reduces the drawbacks of the additive manufacturing system and allow the production of parts to move in any direction. Moreover, 95% waste reduction, capabilities for material characterization and process development, better efficiency, material cost savings, etc. are some of the major profits that further increase the adoption of hybrid additive manufacturing machines overall the globe.
- Growing demand in multiple end–user industry
The adoption of hybrid additive manufacturing through many industries, such as in aerospace and automotive industries, for its high usage in the manufacturing of complex parts, enhancing market growth. In the healthcare sector, hybrid additive manufacturing is used in prosthetics and patient-specific dental implants, which is a cost-effective solution.
Opportunities
- Technology advancement
Growth in the automation sector and technological advancements considerably affect industrial growth in the form of automated robots. The adoption of production software increases the effectiveness of the machine and overall production process that can result in growing product demand. The hybrid 3D printing technology is trending recently in the hybrid additive manufacturing machines market. This technology delivers time-saving options, less manual intervention, and low-cost solutions for manufacturing of products. Such developing advanced technologies can positively influence the evolution of the hybrid additive manufacturing machines market in the forthcoming years.
- High demand in automotive sector
Traditional additive manufacturing needs longer production time in automotive sectors. Hybrid additive manufacturing with a subtractive method can help in producing precise components with high quality of surface and finish lowering production time. Globally, the automotive sector manufactures need numerous auto component and a large volume of vehicles. This is expected to offer many opportunities for market retailers over the upcoming years.
Restraints/ Challenges
However, outbreak of COVID-19 across several countries and the high price of hybrid additive manufacturing machines, high primary installation and investments prices associated with these machines are some major factors among others which acting as restraints, while deficiency of skilled professionals will further challenge the growth of hybrid additive manufacturing market during the forecast period.
However, hybrid additive manufacturing easy tear and wear-out properties will hinder the hybrid This hybrid additive manufacturing market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the hybrid additive manufacturing market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Hybrid Additive Manufacturing Market
The COVID-19 epidemic has led to lockdowns in several industries overall the globe. Due to outbreak of covid-19, many industries to come to a halt. The manufacturing companies that find applications for hybrid additive manufacturing, for example, the aerospace and automotive sector, are also not operating in the recent situation. The widespread of virus has led to a decline in the demand for the product. The medical industry is still working in this situation, which has stopped the demand which was going down drastically. It is expected that when the COVID-19 epidemic is ended then the situation becomes normal, the industries will start working again, and the demand for the product will increase.
Recent Development
- In February 2019, the availability and development of LASIMM manufacturing machines are declared by the Large Additive Subtractive Integrated Modular Machine (LASIMM) project (funded by the European Horizon 2020) . This equipment was constructed to manufacture the construction structures using the hybrid additive manufacturing technology.
Global Hybrid Additive Manufacturing Market Scope
The hybrid additive manufacturing market is segmented on the basis of products, material, application, Vertical. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product
- Non-Metal Forming
- Biomaterial Forming
- Metal Forming
Material
- Titanium
- Aluminium
- Steel
- Nickel
Application
- Repair
- Production
- Prototype
Vertical
- Heavy Industry
- Automotive
- Aerospace
- Medical
- Energy
- Electronics
Hybrid Additive Manufacturing Market Regional Analysis/Insights
The hybrid additive manufacturing market is analysed and market size insights and trends are provided by country, products, material, application and vertical as referenced above.
The countries covered in the hybrid additive manufacturing market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
During the forecast period, North America dominates the hybrid additive manufacturing market in terms of revenue and market share. This is due to the growing demand for hybrid additive manufacturing in this region. The Asia-Pacific region leads the hybrid additive manufacturing market due to increasing penetration of additive manufacturing in aerospace, increasing presence of many aerospace OEMs, and expanding healthcare facilities in this region.
During the projected period, Asia-Pacific is anticipated to be the fastest developing region due to increasing penetration of 3D printing in Japan and China, increasing investment and expansion of the aerospace industry in this region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Hybrid Additive Manufacturing Market Share Analysis
The hybrid additive manufacturing market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to hybrid additive manufacturing market.
Some of the major players operating in the hybrid additive manufacturing market are:
- Equispheres (Canada)
- CRS Holdings, LLC.(US)
- Voxeljet AG (Germany)
- Hoganas AB (Sweden)
- Renishaw PLC (UK)
- Materialise (Belgium)
- 3D Systems Inc, (US)
- Melrose Industries PLC (UK)
- ExOne (USA)
- GENERAL ELECTRIC (US)
- Sandvik (Sweden)
- Melrose Industries PLC (UK)
- Biomedical Modeling Inc. (US)
- ENVISIONTEC US LLC (US)
- EOS (US)
- Integer Holdings Corporation (US)
- GPI Prototype and Manufacturing Services, LLC. (US)
- SLM Solutions (Germany)
- Xilloc Medical Int B.V. (Netherlands)
- Dentsply Sirona (US)
- Stratasys Ltd. (Israel)
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