DUBLIN--(BUSINESS WIRE)--Sep 13, 2018--The “Additive Manufacturing Market - Forecasts from 2018 to 2023” report has been added to ResearchAndMarkets.com’s offering.
Additive manufacturing market was valued at US$3.520 billion in 2017 and is projected to expand at a CAGR of 14.58% over the forecast period to reach US$7.964 billion by 2023.
Additive manufacturing is a process to create end-use parts automatically. Unlike conventional manufacturing process which involves cutting, stamping, and moulding among others, additive manufacturing involves joining of different sub-parts to build the final product. The use of additive manufacturing has been growing across different industries substantially over the past few years owing to the rising awareness about the technology to reduce manufacturing lead times.
Rising investments in research and development activities has aided in higher number of collaborations between universities and manufacturers’ R&D centers, and in turn contributing to the additive manufacturing market growth. However, factors such as lack of industry-specific testing procedures and high production cost restrains the adoption of these solutions to an extent.
Geographically, APAC will witness a significant CAGR during the forecast period owing to the growing automotive and healthcare industry in the region.
Major industry players profiled as part of the report are General Electric, DSM, EOS, ExOne, and Optomec among others.
By Material TypeMetals Thermoplastics Ceramics Glass
By Industry VerticalAerospace and Defense Healthcare Automotive Manufacturing Others
Key Topics Covered:
2. Research Methodology
3. Executive Summary
4. Market Dynamics
5. Additive Manufacturing Market By Material Type
6. Additive Manufacturing Market By Industry Vertical
7. Additive Manufacturing Market By Geography
8. Competitive Intelligence
9. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/b7xv6m/global_additive?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20180913005448/en/
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Related Topics:3D Printing
INDUSTRY KEYWORD: MANUFACTURING OTHER MANUFACTURING
SOURCE: Research and Markets
Copyright Business Wire 2018.
PUB: 09/13/2018 06:22 AM/DISC: 09/13/2018 06:21 AM