The global hybrid additive manufacturing machines market
is prophesied in a report by Transparency Market Research (TMR) to find
players putting high emphasis on development of new products to boost
their brand positioning. This could be evident with the launch of LUMEX
Avance-25 by Matsuura Machinery Corporation in 2016. Introduction of new
products could also help players to outshine their competitors in the
market. Stratasys Ltd., Mazak Corporation, and DMG MORI Co., Ltd. are
some of the leading players operating in the industry. With a view to
improve their market shares, players are expected to enter into tactical
mergers and acquisitions and establish strong partnerships.
TMR prognosticates the global hybrid
additive manufacturing machines market to register a 21.69% CAGR between
2018 and 2026 to be worth a US$6.75 bn by the final forecast year. In
2017, the market achieved a valuation of US$1.16 bn. By vertical,
aerospace could take a leading position in the market while rising at a
23.67% CAGR. On the basis of geography, the market is predicted to
witness the rise of North America as a prominent region. By the end of
2018, the region could rake in a US$0.4 bn.
Increasing Adoption across Wide Range of Industry Verticals Bodes Well
Growth of the world hybrid additive
manufacturing machines market is foreseen to gain momentum with
increasing awareness about several advantages of the machines in
different industry verticals. In the manufacture of functional products,
advantages of both computer numerical control (CNC) milling and laser
cladding are brought to the table by hybrid additive manufacturing
machines. Use of hybrid additive manufacturing machines also helps with
reduced time to market (TTM), minimized lead time, and material savings.
Although application of hybrid additive
manufacturing machines in production is not yet mainstream, it could
grow at a faster pace in the coming years. Hybrid additive manufacturing
machines beat traditional manufacturing methods in producing fully
functional components that are complex in design.
Expensive Cost of Hybrid Additive Manufacturing Machines Weakens Demand
The international hybrid additive
manufacturing machines market is projected to enjoy the advantage of a
number of positive factors to increase demand in the foreseeable future.
However, extortionate cost of hybrid additive manufacturing machines
could pull back some of the demand in the market. Nonetheless, high use
of hybrid additive manufacturing machines in the production of various
types of components is envisaged to lower their prices in the near
future.
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