Additive Manufacturing Market in the APAC to witness tremendous growth by 2028

 

Additive Manufacturing Market Insights:

In a recent research report by Market Research Community, the Additive Manufacturing Market is expected to surpass USD 350 Million by the year 2028, from USD 1,600 Million in 2021.

The Additive Manufacturing Market Share is projected to grow at a significant pace reaching a CAGR of approximately 24%, over the forecast period of 2021–2028, despite a considerable fall in product sales during the initial phase of the pandemic spread and lockdown restrictions imposed globally.

Additive manufacturing, also known as 3D printing, is a process of creating a physical object from a digital model by adding material layer by layer. It is different from traditional manufacturing methods, such as subtractive manufacturing (machining) or formative manufacturing (casting, injection molding), which involve removing or reshaping material to create an object.

Additive manufacturing can be used to produce a wide range of products, from prototypes to final products, in various industries, including aerospace, medicine, automotive, and consumer products. The technology allows for the creation of complex geometries, internal structures and functional gradient materials which are not possible with traditional manufacturing methods.

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The study is consolidated into major segments and further into sub-segments, such as By Material Type (Metals, Thermoplastics, Ceramics, Others), By Manufacturing Method (Computer-Aided Design, Binder Jetting, Material Jetting, Powder Bed Fusion, Stereolithography, Fused Filament Fabrication, Material Extrusion, Others), By End-Use (Aerospace, Medical, AM Services, Automotive, Construction, Others), to forecast the market size by value.

By Material Type  

·        Metals

·        Thermoplastics

·        Ceramics

·        Others

By Manufacturing Method

·        Computer-Aided Design

·        Binder Jetting

·        Material Jetting

·        Powder Bed Fusion

·        Stereolithography

·        Fused Filament Fabrication

·        Material Extrusion

·        Others

By End-Use

·        Aerospace

·        Medical

·        AM Services

·        Automotive

·        Construction

·        Others

Additive Manufacturing Market Includes Key Players:

·        3D Systems, Inc.

·        MCor Technologies Ltd.

·        Arcam AB

·        ExOne

·        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

·        SLM Solutions GmbH

Additive Manufacturing Market Demand, and Asian nations are steadily emerging as a result of government policies that are favorable to this market and growing public understanding of the advantages of these systems. Further, regions such as the Latin America, and Europe Middle East and Africa, are expected to boost the market expansion during the forecast period.

By Region

•                    Europe- (Germany, France, U.K., Russia, Italy, Spain, BENELUX, Rest of Europe)

•                    Asia Pacific- (China, Japan, India, South Korea, Australia, ASEAN, Rest of Asia Pacific)

•                    North America– (U.S., Canada, Mexico)

•                    Latin America- (Brazil, Argentina, Chile, Rest of Latin America)

•                    Middle East and Africa- (GCC, Turkey, Israel, Rest of MEA)

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